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 […]

Culled—Proshare November 12, 2019 By  FBNQuest Research Significant cuts to 2019-21E EPS forecasts   Unilever Nigeria’s (Unilever) Q3 2019 results marks its weakest performance for as far back as we can track. The company posted a record pre-tax loss of -N4.1bn for the quarter, driven by a -63% y/y decline in […]