March 4, 2024/CSL Research Based on figures obtained from the Central Bank of Nigeria (CBN) website on movement of external reserves, the country’s external reserves have declined by US$0.40bn since the FX unification in June 2023. The figures show that external reserves fell from US$34.12bn as of 30 June 2023 […]
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Domestic Financial Market Company Update
March 4, 2024/United Capital Research Kindly see below company dividend declarations as at Friday, 01-March-2024. S/N Company Bonus Dividend/Share Dividend Yield Type Period Qualification Dates Closure of Register Payment Date 1 BUA Cement Plc – ₦2.00 1.5% Final Dividend 31-Dec-23 9-Aug-24 12-Aug-24 29-Aug-24 2 Dangote Cement Plc – ₦30.00 4.4% […]
Dangote Sugar Refinery Plc FY 2023: High FX Loss Erodes DSR’s Profitability
March 4, 2024/CSL Research In its FY 2023 audited earnings result, Dangote Sugar Refinery Plc’s (DSR) Revenue rose to N441.45bn (+9.5% y/y) from N403.25bn in 2022. The company’s topline performance was largely driven by the accretion in its sales of sugar (50kg), sugar (retails) and molasses to N426.45bn (+9.1% y/y), […]
