FSDH Initial Reaction: FBN Holdings FY23 results Kindly click here to download the report. May 27, 2024/FSDH Research Key Performance Highlights: FBN Holdings reported an impressive set of numbers for FY23, with the gross earnings vaulting 95.7% YoY to N1,595.3 billion compared to N815.2 billion in FY22, while the operating […]
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Nigeria Q1-24 GDP: Growth Slows; Expected to Remain Positive in Q2-24
May 27, 2024/Cordros Report Based on the recently released GDP report by the National Bureau of Statistics (NBS), Nigeria’s economy maintained its positive growth trajectory in Q1-24, growing by 2.98% y/y (Q4-23: +3.54% y/y). We highlight that the heightened inflationary pressure, naira devaluation and tight monetary conditions subdued the growth, […]
FBN Holdings Plc Q1-24: Broad-Based Growth Across Income Lines Buoy Earnings
May 27, 2024/Cordros Report FBN Holdings Plc (FBNH) published its Q1-24 unaudited financial report this morning, revealing stellar expansions across its core (+153.3% y/y) and non-core (+267.3% y/y) income lines. Consequently, the group’s EPS surged by +317.4% y/y to NGN5.76 in Q1-24. The group recorded a marked 153.3% y/y growth […]
