Culled—Proshare November 14, 2019 Meristem Research   Pharmaceutical Revenue Takes a Hit MAYBAKER reported a decline in its top-line of 9.57% to NGN5.92bn (vs. NGN6.54bn in 9M:2018). The pharmaceutical unit (which contributes c.98% to total revenue) recorded a revenue of NGN5.86bn in 9M:2019, 6.95% lower than in 9M:2018. The decline is […]

Culled—Proshare November 14, 2019 Meristem Research Crude and Gas Production Disappoint For the third time this year, SEPLAT has missed its production and revenue targets. 9M:2019 topline was down by 12.57% Y-o-Y to NGN151.88bn (9M:2018: NGN173.71bn). Standalone Q3:2019 revenue printed at NGN42.91bn, weaker by 37.74%, compared to NGN68.92bn at this time last […]

Culled—Proshare November 14, 2019 Meristem Research White Products Maintain Topline Expansion  CONOIL’s topline expansion surged further in Q3:2019; 9M:2019 revenue printed at NGN112.72bn (vs. NGN75.84bn in 9M:2018; +48.64%), driven by a 10.72% uptick in Q3. Q3:2019 revenue of NGN40.53bn (+89.65% Y-o-Y), is the highest recorded so far this year and was […]