Image Credit: emirates.com The aviation sector supported 27% of Dubai’s GDP in 2023, with an economic contribution of AED 137 billion (USD 37.3 billion) – which is set to rise to almost a third of Dubai’s GDP by 2030. The total aviation sector impact includes the sector’s core impact as […]
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Nigerian Breweries Plc 9M 2024: Rising Costs and FX Headwinds Weigh Heavily on Earnings.
October 24, 2024/CSL Research Nigerian Breweries’ 9M 2024 financial results revealed a strong 76.9% y/y increase in Revenue, reaching N710.87bn from N401.8bn (9M 2023). Howbeit, on a q/q basis the company’s Revenue shrunk by 10.5% in Q3 2024 to N226.1bn from N252.65bn (Q2 2024). This new revenue milestone in 9M […]
FG Bans Export of Liquefied Petroleum Gas
October 24, 2024/CSL Research The Federal Government has announced a ban on the export of locally produced Liquefied Petroleum Gas (LPG), commonly known as cooking gas, starting 01 November 2024. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, explained that this decision is aimed at prioritizing domestic supply […]
