December 3, 2021/Proshare by FBNQuest Research  EPS forecasts over the ’21-23f period raised by an average of 19% Presco reported strong Q3 ’21 results with earnings of NGN3.6bn up 470% y/y. Earnings growth was driven by sales (up +134% y/y to NGN12.8bn) and a gross margin expansion of +205bps y/y to […]

December 3, 2021/CSL Research Based on news reports, the Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, expressed dissatisfaction with the process associated with the release of unclaimed dividends to shareholders by capital market registrars and listed companies. According to the DG, some of the capital market […]

November 29, 2021/Proshare by FBNQuest Research  EPS forecasts over the next two years raised by around 5% on average Lafarge’s Q3 ’21 earnings came in slightly ahead of our forecast by around 5%. However, this beat was masked by a tax credit of N4.9bn vs. a tax expense of -N4.0bn that […]