October 30, 2024/CSL Research In its recently released unaudited 9M 2024 results, Lafarge Africa reported a 65.9% y/y Revenue growth to N479.49bn in 9M 2024 from N289.08bn in the prior period (9M 2023). Similarly, on a q/q basis, Revenue was up by 16.6% to N183.92bn in Q3 2024 from N157.80bn […]
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Seplat Energy Plc: Strong Topline, Bottomline Hit by High Taxes
October 30, 2024/InvestmentOne Report Seplat Energy Plc’s revenue reached NGN1.07trn as at 9M:2024, marking a significant increase from NGN478.13bn in 9M:2023. Adjusting for underlift and overlift volumes, the total revenue reflected a 6.00%YoY growth, illustrating Seplat’s solid performance amid challenging market dynamics. In Q3:2024, quarterly revenue surged to NGN495.85bn from […]
Coronation Fixed Income and Exchange Rate Update
October 30, 2024/Coronation Research Summary Market liquidity closed at negative N837.3bn on Friday (25 Oct ‘24). Call, overnight, and repo rates closed within the range of 6.63%—30.14% as rates moderated. Last week, the average NTB yield increased by +2bps to close at 24.2%. During the week, the CBN conducted a […]
