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Unilever’s Robust Topline Results Slightly Offset by Increased Brand and Marketing Spend in 1Q24

FSDH Initial Reaction: Unilever Nigeria 1Q24 results Kindly click here to download the report. April 22, 2024/FSDH Research Key Performance Highlights: Unilever Nigeria reported strong revenue growth of 57.8% YoY to N32.3 billion in 1Q24. The substantial revenue growth was primarily driven by a 97.8% YoY jump in the Personal […]

NGXASI Advance +0.17%, Buoyed by GTCO, TRANSCORP, ZENITHBANK

April 22, 2024/InvestmentOne Report The NGXASI advanced by 0.17% today to close at 99,706.40pts, as bargain hunting on GTCO (+9.55%), ZENITHBANK (+6.76%) and TRANSCORP (+2.86%) buoyed the market into the positive terrain. In the fixed income space, the Treasury Bills secondary market closed bullish, as buy pressure was observed on the short […]

Nigerian Bourse Opens Week Positive +0.1%, Driven by GTCO, ZENITHBANK

April 22, 2024/Cordros Report EQUITIES The local bourse kicked off the week on a positive note following renewed buying interest in GTCO (+9.6%) and ZENITHBANK (+6.8%). As a result, the All-Share Index notched a 0.1% gain to close at 99,665.05 points. Consequently, the MTD and YTD returns settled at -4.7% […]