We observed increased sell pressures across industrial goods, consumer goods, and banking stocks, as profit-taking activities in DANGCEM (-10.0%), UBA (-7.9%), FBNH (-4.8%) and DANGSUGAR (-7.3%) triggered a 2.3% w/w decline in the All-Share Index to 98,201.49 points. July 26, 2024/Cordros Report Global According to the Bureau of Economic Analysis […]
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Dangote Cement Plc H1 2024: Strong Topline Growth Mitigates Cost Pressures and FX Loss
July 26, 2024/CSL Research Dangote Cement’s recently released unaudited results for the first half of 2024 show a significant Revenue increase of 85.1% y/y, rising to N1.76 trillion from N950.83 billion in the same period of 2023. The company’s quarterly performance was also strong, with Revenue increasing by 15.3% quarter-on-quarter, […]
Foreign Investments in the Telecoms Sector Rise in Q1 2024
July 26, 2024/CSL Research The Nigeria Bureau of Statistics capital importation data showed the telecoms sector attracted investments worth US$ 191.57m in Q1 2024 compared to the US$22.05m recorded in Q1 2023, a significant increase of 768.74% y/y. Quarter on quarter, foreign capital inflow into the telecoms sector increased by […]
