——    Third Year of Continued Sustained Growth March 5, 2020/NOVA Merchant Bank NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st, 2019, recording impressive performances across its major financial lines. Specifically, the Bank declared a profit after tax of N1.65 billion for the 2019 financial […]

March 3, 2020/Coronation Report UBA published audited FY 2019 results yesterday. Numbers were in line with our and consensus estimates. Net Profits  were up 13.3% y/y to N89.1bn (US$247.5m). Net fee and commissions were up 22.2% y/y. UBA proposes a total dividend of N1.0/s which (inclusive of an earlier interim […]

March 3, 2020/InvestmentOne Report ·         Turnover Performance: down by  0.09% q/q and 1.87% y/y. ·         Gross margin performance: up by 320bps q/q and 182bps y/y. ·         OPEX/Sales ratio: down by  27bps q/q, up 60bps y/y. ·         PBT Margin Performance: up by  502bps q/q and 17bps y/y.  Dangote Cement published its […]