The Bank Group President also spoke about the challenges and transformations within the media sector, highlighting the impact of digital technology May 10, 2024/AfDB The President of the African Development Bank Group, Dr Akinwumi Adesina, delivered an impassioned plea for more balanced media coverage of Africa and its development, noting […]
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Dangote Sugar Refinery Plc Q1-24: Weakened Fundamentals and FX Losses Undermine Profitability
May 10, 2024/Cordros Report This report provides an updated view of Dangote Sugar Refinery Plc (DANGSUGAR) for 2024E subsequent to its Q1-24 results release. DANGSUGAR recorded strong topline performance in Q1-24, supported by price increases. Nonetheless, margins and earnings faced downward pressure, indicating operational challenges amidst industry-wide issues such as […]
Intraday Update: Nigerian Stocks Inch Up+0.16%, Driven by Blue Chips
May 10, 2024/InvestmentOne Update ASI as at 12.00pm: +0.16% Top Gainers and Losers: GUINEAINS (+9.68%), HONYFLOUR (+9.63%), DEAPCAP (-10.00%) and ROYALEX (-9.52%). Sector Performances: Banking (+1.25%), Consumer Goods (+0.03%), Industrial (+0.01%) and Oil & Gas. Market activity: In today’s trade, total volume and value decreased by 67% and 59%, when […]
