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United Bank for Africa Plc 9M-24: Robust Capital Buffers still an Upside

November 18, 2024/Cordros Report In this report, we highlight our estimates and update our views on United Bank for Africa Plc (UBA). In 9M-24, UBA reported a 14.3% growth in EPS to NGN14.78, underpinned by sturdy growth in the group’s core income (+170.0% y/y). We highlight that the preceding was […]

Intraday Update: Nigerian Stocks Inch Up +0.04%, Drive by Blue Chips

November 18, 2024/InvestmentOne Update ASI as at 12.00pm: +0.04% Top Gainers and Losers: JOHNHOLT (+9.97%), BETAGLAS (+9.92%), TIP (-9.09%) and SUNUASSUR (-7.35%). Sector Performances: Industrial (+0.19%), Banking (-0.15%), Oil & Gas (-0.11%) and Consumer Goods (-0.09%). Market activity: In today’s trade, total volume and value decreased by 21% and 55% […]

Bearish Sentiment Is Dominating Oil Markets

November 15, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Bearish sentiment continued to dominate oil markets this week despite steep gasoline and diesel draws in the U.S. Friday, November 15th, 2024 Steep gasoline and diesel inventory draws in the United States have helped offset the overwhelmingly bearish sentiment in the oil market, although […]