March 31, 2021/Fidelity Bank Plc Fidelity Bank Plc has posted strong full year results for the financial year ended December 31, 2020, in a clear demonstration of resilience and stability. In the results announced Wednesday March 31, 2021 on the Nigerian Stock Exchange (NSE), the Nigerian lender capped a remarkable […]

March 30, 2021/United Capital Report Lafarge Africa Plc (WAPCO) released its FY-2020 results last week, showing a 98.8% y/y rise in PAT to N30.8bn. Lafarge’s revenue (up 8.3% y/y to N230.6bn) grew faster than its cost of sales (up 4.0% to N163.3bn) during the period. This, coupled with improved operating […]

March 29, 2021/United Capital Report Exemplifying recovery Dangote Cement Plc (“DANGCEM”, “The Company”) reported FY-2020 results on 23rd March. Despite the pandemic-induced disruption to its activities, Group Revenue increased 16.0% y/y to N1.03trn, driven by strong growth in sales volume (+8.6% to 25.7Mt), particularly in Nigeria. The company also weathered […]