November 7, 2023/CSL Research Airtel Africa’s H1 2024 numbers were buoyed largely by growth in mobile money revenue (up 25.5% y/y to US$416m) and data revenue (+5.9% y/y to US$915m) amidst a decline in voice revenue (-4.6% to US$1.16m). However, the company’s bottom line performance was significantly impacted by FX […]
Results & Dividends
UBA Plc 9M-2023 Earnings Update: Growth in Derivative Assets Drove Profitability
November 6, 2023/United Capital United Bank for Africa Plc (UBA or the Group) published its 9M-2023 earnings last week, recording a basic Earnings Per Share (EPS) of N12.93 in 9M-2023, up 295.0% y/y, compared to the N3.27 recorded in 9M-2022. The Group posted a 115.3% y/y growth in gross earnings […]
Sharp Decline in FX Inflow to the Economy; Fell by 15% YoY to $16.6bn in Q2 2023
November 6, 2023/FBNQuest Research Our chart today, sourced from data from the CBN’s Quarterly Statistical Bulletin, shows that total value foreign exchange (fx) inflow into the Nigerian economy fell by -4% q/q and -15% y/y to USD16.6bn in Q2 ’23. The trend of fx inflow has been declining since Q1 […]
