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Guinness Nigeria Reports Robust Top-Line Growth in 3Q24, FX Losses Continue to Drag Bottom-Line

FSDH Initial Reaction: Guinness Nigeria 3Q24 results  Kindly click here to download the report. April 26, 2024/FSDH Research Key Performance Highlights: On 25 April 2024, Guinness Nigeria reported a mixed set of numbers for 3Q24, with a massive revenue growth of 43.8% YoY to N77.7 billion in 3Q24, while reporting […]

Dangote Cement Q1’24: Strong Sales Volume from Nigerian Operations Drives Topline Growth

April 26, 2024/CSL Research Dangote Cement’s unaudited Q1 2024 results showed a 101% y/y growth in Revenue, reaching N817.35 billion compared to N406.72 billion in Q1 2023. Q/q, the company’s performance remained robust, with Revenue increasing by 17.9% from Q4 2023’s N693.49 billion. This remarkable growth is attributed to a […]

Water for the Future: Tangiers Takes Steps to Secure Its Blue Gold

Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a cosmopolitan place and gateway to the great continent of Africa April 26, 2024/AfDB The white city of Tangiers wakes gently at daybreak. Schoolchildren mill up and down the main streets of the old town, the medina, […]