Results & Dividends

Q1: Dangote Cement Ramps-Up Production at Okpella Plant

…as earnings per share hit ₦6.18 May 4, 2022/Dangote Group Africa’s biggest cement manufacturer, Dangote Cement, has ramped up production at its newest plant, in Okpella Edo State even as its earnings per share rose by 16.8 percent to N6.18 in the three months ended March 31, 2022.  Ramping up […]

Zenith Bank Reports Steady Performance in 1Q22

Kindly click here to download the report. May 4, 2022/FSDH Research Key Performance Highlights: Zenith Bank reported a solid topline for 1Q22, with the gross earnings recording a 21.7% YoY jump and the net profit growing by 9.7% YoY to N58.2 billion in 1Q22. The gross earnings rose 21.7% YoY […]

Fidelity Bank Plc Q1 2022: Increased Funding Costs Drag Profit

May 4, 2022/CSL Research Fidelity Bank’s recently released unaudited Q1 2022 numbers showed a very marginal y/y growth in Pre-tax profit, mainly due to a significant uptick in funding costs which dragged Net Interest Income. Interest Income grew 44.1% y/y, which according to the bank’s Management, was driven by expansion […]