November 3, 2023/CSL Research MTN Nigeria’s 9M 2023 Revenue growth was driven largely by double-digit growth in voice ((+10.6% y/y to N834bn) and data revenue ((+36.4% y/y to N749.53bn), amidst inflationary growth in Operating Expenses (+22.2% y/y to N417.42bn). A 174.41% y/y increase in Net Finance Cost to N375.96bn contributed […]

November 2, 2023/CSL Research Dangote Cement’s operations were affected negatively by the election uncertainty and cash unavailability which impacted business operations in Q1 2023. The company also noted that the significant FX devaluation in Q2 2023 also hampered sales volumes. Consequently, the group sales volume declined 2.3% y/y to 20.29m […]

November 2, 2023/United Capital Research Guaranty Trust Holding Company Plc (GTCO or the Bank), in its 9M-2023 results, recorded a 133.4% y/y top-line growth as Gross Earnings (GE) settled at N850.3bn compared to the N364.3bn recorded in the corresponding period in 2022. This increase was on the back of sustained […]