Sell pressures on MTNN (-18.9%) and BUACEMENT (-10.0%) triggered a 3.3% w/w decline in the All-Share Index to 99,765.90 points. March 1, 2024/Cordros Report Global Economy Preliminary estimates released by the Eurostat showed that consumer prices in the Euro Area maintained their downward trend, easing by 20bps to 2.6% y/y […]
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Dangote Cement Plc FY 2023: A Strong Performance
March 1, 2024/CSL Research Dangote Cement’s recently released FY 2023 results showed the company’s Revenue increased by 36.4% y/y, to N2.21tn for FY 2023 from N1.62tn in 2022. Quarterly, performance was resilient, as Revenue was up by 23% q/q to N693.49bn in Q4 2023 from N563.77bn in Q3 2023. Given […]
Golden Oil Funding Announces Up to ₦5Bn Series 2 Asset-Backed Commercial Paper Issuance
March 1, 2024/FSDH Research FSDH Capital has announced the launch of Golden Oil Funding SPV PLC (“the Issuer”) up to ₦5 billion Series 2 Asset-Backed Commercial Paper Issuance (“the Transaction”) under the company’s ₦15 billion Asset-Backed Commercial Paper Programme. The proposed Issuance is for a 93-day tenor and the notes […]
