July 27, 2023/CSL Research Airtel Africa Q1 2024 numbers were buoyed largely by growth in voice revenue (+1.9% y/y to US$621m) and data revenue (+16.3% y/y to US$486m) amidst an inflationary growth in Direct Network Operating Costs (+16.5% y/y to US$268m). However, the company’s bottom line performance was heavily impacted […]
Results & Dividends
Cadbury Nigeria’s robust operating performance marred by FX losses in 2Q23
July 26, 2023/FSDH Research FSDH Initial Reaction: Cadbury Nigeria 2Q23 results Kindly click here to download the report. Key Performance Highlights: Cadbury Nigeria reported 2Q23 revenue of N19 billion, marking a significant YoY increase of 26.2% from N15.1 billion in 2Q22, mainly driven by high domestic demand (up 28.4%), slightly […]
Post MPC July 2023: MPC Raises the MPR further by a Smaller 25bps to 18.75%
July 26, 2023/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by 25bps to 18.75% at its July policy meeting. In addition, the Committee voted to narrow the asymmetric corridor to +100/-300bps around the MPR (previously: […]
