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United Capital Research Investment Views This Week, 19th February 2024 to 23rd February 2024

February 19, 2024/United Capital Research Global Markets Last week, US markets were volatile in response to key economic releases. Inflation data and some other economic reports were below market expectations. Headline inflation rose by 3.1% y/y compared to 3.4% y/y in Dec-2023. This was above Analysts’ expectation of 2.9%. Similarly, […]

Nigerian Breweries Plc 2023FY: Weak Fundamentals Drag Profitability

February 19, 2024/Cordros Report Nigerian Breweries Plc (NB) published its 2023FY audited financials after close of market on Friday, 16 February, reporting a loss per share of NGN12.80, a sharp contrast to the earnings per share of NGN1.58 in 2022FY. The weak performance in the period was driven by the […]

Capital Importation into Nigeria up in Q4 2023 Relative to Q3 2023

February 19, 2024/CSL Research According to data from the Nigerian Bureau of Statistics (NBS), Nigeria experienced a marginal increase in total capital importation in Q4 2023, reaching US$1.09 billion. This marks a 2.62% rise from the US$1.06 billion recorded in Q4 2022. Quarter-on-quarter, there was a substantial increase of 66.27%, […]