August 7, 2024/CSL Research According to news reports, a Federal High Court in Lagos has nullified the sale of a 49% equity stake in Nigeria Air to Ethiopian Airlines. In his ruling, the Presiding Judge declared the stake sold to Ethiopian Airlines as null and void. He also ordered a […]

August 6, 2024/CSL Research In the first half of 2024, the Nigerian cement industry experienced significant topline growth, with total revenue of all the listed players in the sector rising significantly by 76.67% y/y to N2.42 trillion, compared to N1.37 trillion in the same period in 2023. This robust increase […]

August 5, 2024/CSL Research The Nigerian private sector contracted due to elevated inflationary pressures that dampened demand, leading to declining business activity and new orders in July 2024. The Stanbic IBTC Bank Nigeria PMI recorded a headline index of 49.2 in July 2024 from 50.1 recorded in June 2024 indicating […]