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MTNN 2023FY: Substantial FX Losses Upends Top-Line Gains

March 1, 2024/Cordros Report MTN Nigeria Communications Plc (MTNN) released its 2023FY financials this morning, reporting a loss of NGN137.02 billion (vs PAT of NGN348.73 billion in 2022FY), resulting in a loss per share of NGN6.38 (2022FY EPS: NGN16.76). The dip in earnings was underpinned by the marked expansion in […]

Seplat Energy Grows 2023 FY Revenue by 12% to N696.9Bn Offers

… Declares US 15 Cents Total Dividend Per Share February 29, 2024/Seplat Energy Plc Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its audited results for the twelve months ended 31 December 2023, recording a growth […]

Jaiz Bank Announces Successful Completion of Private Placement

February 29, 2024/Jaiz Bank Jaiz Bank Plc, the leading Non-Interest Bank in Nigeria has announced its decision to offer 10,048,237,955 ordinary shares by way of private placement.  The Bank’s Chairman, Mohammed Mustapha Bintube, disclosed that the proceeds of the capital raising exercise will be deployed to improve service delivery on […]