Recent discoveries in Namibia’s Orange Basin suggest it could hold up to three billion barrels of oil and 8.7 trillion cubic feet of natural gas, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 billion barrels July 26, 2024/AEC By NJ Ayuk, Executive Chairman, […]
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United Capital Weekly Pan African Monitor Friday 26-July-2024
Image Credit: United Capital Report July 26, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Forex inflow via IMTOs hits $1.07bn in three months Foreign exchange inflows from International Money Transfer Operators (IMTOs) increased by 38.86% to $1.07bn in the first quarter of 2024, from $770.23mn recorded in the same […]
Dangote Cement Plc Q2-24: Cost Pressures Further Weaken Margins
July 26, 2024/Cordros Report Dangote Cement Plc (DANGCEM) released its Q2-24 unaudited financials yesterday (25 July), reporting an EPS growth of 15.8% y/y to NGN4.57 (Q2-23: NGN3.95), bringing H1-24 EPS to NGN11.26 (H1-23: NGN10.39). The increase in EPS in the quarter was supported by a 73.3% y/y growth in topline, […]
