April 3, 2023/Cordros Report In this report, we review our estimates and update our views on NASCON for 2023E. Over 2022FY, NASCON outperformed our expectations with the food producer maintaining the pace of top- and bottom-line growth it started the year with. Furthermore, we like that the food producer maintained […]

April 3, 2023/FSDH FSDH Initial Reaction: United Bank for Africa FY22 results  Kindly click here to download the report. Key Performance Highlights: United Bank for Africa reported a solid set of numbers for FY22, with the gross earnings jumping 29.6% YoY to N852.9 billion and the net profit surging 43.5% […]

April 3, 2023/InvestmentOne Report Gross revenue of N853.17billion, down 8.50%q/q, up 29.23%y/y          Net interest income of N379.49billion, up 6.17%q/q, 19.82%y/y. Profit before tax of N200.88billion, up 32.47%q/q, 31.23% y/y. Profit after tax of N170.28billion, up 92.26%q/q, 43.48%y/y. At the tail end of last week, United Bank for Africa released […]