October 25, 2021/CSL Research In a statement released over the weekend, Nigeria’s oldest banking group, FBN Holdings Plc notified the public of the significant acquisition of 1.8bn of its shares by Olufemi Otedola (Chairman of Geregu Power Plc) and his nominee, Calvados Global Services Limited. This amounts to an equity […]
Results & Dividends
Stanbic IBTC Holdings 9M 2021 Quick Take: Modest recovery in Q3
October 25, 2021/CSL Research Stanbic 9M 2021 numbers showed a 10.9% y/y decrease in Interest Income to N73.0bn but Interest Income was up 23.9% q/q. The q/q growth was due to an increase in customer loans and an uptick in yields within the quarter. Net Loans to customers were up 8% q/q […]
Unilever Nigeria Plc: Q3-21: Earnings Sustained on Higher Revenue and Finance Income
October 25, 2021/Cordros Report Event: UNILEVER published Q3-21 unaudited result after the close of business on Friday (22nd October), reporting an EPS of NGN0.06 as opposed to a loss per share of NGN0.27 recorded in Q3-20. The positive performance was supported by a 12.5% topline growth and a surge in finance income (+284.0% […]
