Other News

Nigerian Breweries Plc FY 2023: Huge FX Loss Wipes off Earnings

February 19, 2024/CSL Research Nigerian Breweries experienced a slight y/y growth in its top-line. The audited financial results for the fiscal year 2023 revealed an 8.9% increase in Revenue, reaching N599.6 billion compared to N550.6 billion in FY 2022. Additionally, on a q/q basis, the company witnessed a substantial 59.3% […]

Mecure Industries Plc Opens Series 11 Commercial Paper Issuance

February 19, 2024/FSDH Mecure has launched its MeCure Industries Plc’s (“MeCure”) ₦5 billion Series 11 Commercial Paper Issuance (“Transaction”) under its ₦20 Billion Commercial Paper Issuance Programme. The offer is NOW OPEN and scheduled to close on Friday, 23rd February 2024. MeCure Industries Plc is a leading human therapeutics company in […]

IMF Adjusts Nigeria’s Growth Expectations

February 19, 2024/Coronation Research In its latest World Economic Outlook (WEO), the IMF revised its global growth forecast for 2024 upward at 3.1% y/y, from 2.9% y/y predicted in its October ’23 WEO. However, the IMF maintained its global growth projection for 2025 to 3.1% y/y. The global growth projection remains […]