March 8, 2024/CSL Research Airtel Africa’s topline performance was impacted by a decline in voice revenues (down 8.8% to US$1.7bn) despite increases in mobile revenue (up 22.4% y/y to US$631m) and data revenue (+1.9% y/y to US$1.34bn). The company’s bottom line performance was significantly impacted by FX losses, which resulted […]
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Oil Prices Remain Rangebound Despite Extension of OPEC+ Cuts
March 8, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices have remained largely rangebound over the last month as bullish and bearish factors continue to counterbalance each other. Friday, March 8th 2024 The flatlining of oil prices continued this week despite positive trade data coming out of China and impressive Indian oil […]
NGXASI Advanced by +2.6% Week-on-Week, Driven by Transcorp, Other Blue Chips
Positive sentiments returned to the Nigerian equities market this week, as the bourse recorded gains on all trading days following bargain hunting in MTNN (+10.3%), BUACEMENT (+4.4%), FBNH (+15.3%) and increased demand for TRANSCORP (+10.0%) – after the recent listing of its subsidiary (TRANSPOWER) on the NGX on 04 March. […]
