The domestic equities suffered another week of losses following broad-based declines across market bellwethers, even as some of the banks have started to show signs of recovery. The NGX ASI declined by 1.4% w/w. April 26, 2024/Cordros Report Global Economy Preliminary estimates from the United States (US) Bureau of Economic […]
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Dangote Cement’s Robust Sales Growth Overshadowed by Higher Borrowing Costs in 1Q24
FSDH Initial Reaction: Dangote Cement 1Q24 results Kindly click here to download the report. April 26, 2024/FSDH Research Key Performance Highlights: Dangote Cement Group posted solid 1Q24 results, with Sales volume up across all regions. The uptick in the Nigerian economy resulted in a 26.1% YoY rise in sales volumes […]
Stanbic Reports Robust 1Q24 Results
FSDH Initial Reaction: Stanbic IBTC 1Q24 results Kindly click here to download the report. April 26, 2024/FSDH Research Key Performance Highlights: Stanbic Bank’s 1Q24 total Income significantly increased 70.7% YoY to N138.2 billion, compared to N81.0 billion in 1Q23. This growth was primarily attributable to higher Net Interest Income (up […]
