May 2, 2023/InvestmentOne Update The offer for the Seventy (71st) series of the FGN savings bond will be coming up between the 1st of May 2023 and 5th of May 2023 and Investment One Stockbrokers Int’l Ltd as a Distribution Agent (DA) for the bond, will be receiving applications from the investing public starting from the 1st […]
Results & Dividends
TotalEnergies Marketing Nigeria Plc Q1-23: Elevated Cost Pressures Shrinks Earnings
May 2, 2023/Cordros Report TotalEnergies Marketing Nigeria Plc (TOTAL) published its Q1-23 unaudited financials on Friday (April 28), reporting a 4.6% y/y decline in EPS to NGN12.26 (Q1-22: NGN12.86). The weak outturn reflects the higher costs (+44.7% y/y) in the period. Revenue grew by 38.6% y/y in Q1-23, underpinned by […]
ZENITHBANK Q1 2023: Strong Growth in Funding Cost Drives Down NIM
May 2, 2023/CSL Research Zenith Bank’s Q1 2023 unaudited numbers showed 51.6% y/y growth in Interest Income driven by growth in Interest Income on both Net Loans and Investment Securities. Net Loans to Customers grew 13.4% y/y but was up only 0.4% in Q1 relative to December 2022. Interest Expense […]
