July 31, 2024/Cordros Report EQUITIES The Nigerian equities market sustained its bearish run, following losses in NB (-9.8%), ZENITHBANK (-2.2%) and UCAP (-9.0%). Consequently, the All-Share index declined by 0.1% to close at 97,774.22 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -2.3% and +30.8%, respectively. The total trading […]
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UACN Plc H1 2024: Strong Revenue Growth and FX Gains Drive Profitability
July 31, 2024/CSL Research In its H1 2024 earnings result, UAC of Nigeria Plc’s Revenue was up 57.5% y/y to N83.25bn from N52.87bn in H1 2023. On a q/q basis, Revenue increased by 49.0% to N42.70bn in Q2 2024 from N28.66bn in Q1 2024. This growth in revenue was driven […]
FCMB Opens Offer for Subscription of 15,197,289,219 Ordinary Shares at N7.30k Per Share
July 31, 2024/Futureview Research Futureview Financial Services Limited is pleased to inform you that FCMB Group Plc’s (“FCMB Group” or the “Group” or the “Issuer”) Offer for Subscription of 15,197,289,219 ordinary shares at N7.30k per share (the “Offer”) is NOW OPEN to the general investing public and scheduled to close […]
