OPINION/EDITORIAL

MTN Nigeria Plc 9M 2021: “Yelloing” on a Bumpy Road

October 29, 2021/CSL Research Despite regulatory headwinds, just like its peers, the telecom giant, MTNN, reported impressive 9M results. Revenue was up 23.6% y/y to N1.2tn from N975.8bn in 9M 2020. On a q/q basis, Total Revenue improved by 2.2% to N415.0bn in Q3 2021 from N405.9bn in Q2 2021. […]

FBN Holdings Plc Audits Q3 2021 Financial Statements

October 29, 2021/NGX The management of FBN Holdings Plc has notified the Nigerian Exchange Limited (NGX) that the Group is currently undertaking the interim audit of its financial statements for the period ended September 30, 2021. In view of the on-going interim audit, the Company is not able to submit the results […]

MTN Nigeria 9M-21: A Five-Star Performance

October 29, 2021/Cordros Report MTN Nigeria Communications Plc (MTNN) released its 9M-21 unaudited results at the close of business yesterday. The report revealed that Q3-21 standalone PAT rose by 59.0% y/y to NGN78.49 billion while EPS stood at NGN3.86 (+59.0% y/y), bringing the 9M-21 EPS to NGN10.82 (+52.8% y/y). The […]