October 30, 2024/Cordros Report FBN Holdings Plc (FBNH) published their 9M-24 unaudited numbers yesterday (29 October), recording a 125.1% y/y increase in EPS to NGN14.72 (vs 9M-23: NGN6.54). We attribute the substantial earnings expansion to the increases across the group’s core (+164.6% y/y) and non-core (+82.4% y/y) income lines. FBNH […]
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Fuel Imports Continues
October 30, 2024/CSL Research According to a Punch news report, Aliko Dangote, Chairman of the Dangote Group has urged Nigerian petroleum marketers, including the Nigerian National Petroleum Company Limited (NNPC), to source petrol directly from his refinery to meet the country’s fuel demands. Dangote confirmed that his Lekki-based refinery is […]
GTCO 9M 2024: On Track to a Stellar FY Performance Despite Q3 Slow Down
October 30, 2024/CSL Research GTCO’s 9M 2024 unaudited numbers showed a strong 161.7%y/y growth in Interest Income to N980.4bn driven by growth in both average volume of earning assets and average yield. Q/q (Q2 2024 compared with Q1 2024) Interest Income was also up 7.8%. Net Loans and advances to […]
