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Airtel Africa Plc FY 2024: Reduced FX Loss Drives Return to Profitability

July 25, 2024/CSL Research Airtel Africa’s Q1 2025 financials showed a decline in Revenue by 16.0%, dropping to US$1.16bn from US$1.38 billion in Q1 2024. However, on a q/q basis, total Revenue grew marginally by 3.4%, up from US$1.12 billion in Q4 2024. The y/y decline in Revenue was attributed […]

NGXASI Declines -0.21%, Dragged by Banking Counters

July 25, 2024/InvestmentOne Report The NGXASI declined by 0.21% today to close at 100,156pts, as the losses in ZENITHBANK (-2.57%), FBNH (-2.79%) and UBA (-2.78%) drove the domestic bourse into the negative region. In the fixed income space, the Treasury Bills secondary market closed bearish today, driven by the selloffs observed in […]

Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden

July 25, 2024/US Federal Reserve The federal bank regulatory agencies today announced their second notice requesting comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires the Federal Financial Institutions Examination Council and federal bank regulatory agencies to review their regulations every 10 years […]