February 17, 2025/CSL Research According to the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), crude oil production, excluding condensates rose by 3.6% in January to 1.54 million barrels per day (mbpd), up from 1.48 mbpd in December. This represents the highest production level since March 2021 and marks the first time […]
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Nigerian Breweries Plc Audited FY 2024: Underwhelming FY 2024 Performance, Below Our Expectation
February 17, 2025/CSL Research Nigerian Breweries’ FY 2024 audited financial results revealed a strong 80.8% y/y increase in Revenue, crossing a ₦1 trillion mark to reach ₦1,084bn from ₦599.643bn in FY 2023 and surpassing our FY24 forecast of ₦959.5bn by 13%. Likewise, on a q/q basis, the company’s Revenue rose […]
Equities Market Preview & Review
February 17, 2025/CSL Research The Nigerian equities market ended the week on a positive note, with the All-Share Index (ASI) rising by 200 basis points (bps) week-on-week (w/w) to close at 108,053.50 points. The market maintained a largely bullish trend, recording three days of gains and two days of losses. […]
