March 8, 2025/InvestmentOne Report The NGXASI declined by 0.40% today to close at 105,375.69pts, as the profit taking in BUACEMENT (-10.00%), UBA (-2.61%) and WEMABANK (-4.19%) propelled the Nigerian bourse into the red. In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note on the back […]
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Inflation Slows to 23.2% in February
March 18, 2025/CSL Research The latest rebased Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS) showed that headline inflation slowed for the second consecutive month, easing to 23.2% year-on-year (y/y) in February, down from 24.5% in January. Likewise, food inflation, now accounting for c.40% of the […]
FX Losses and Cost Pressures Weigh on Telcos’ Profitability
March 18, 2025/CSL Research In 2024, Nigeria’s telecommunications sector saw mixed performances among its listed companies. MTN Nigeria sustained its revenue growth momentum, recording a 36.0% year-on-year (y/y) increase to ₦3.36 trillion, up from ₦2.47 trillion in FY 2023. In contrast, Airtel Africa eported a 5.8% y/y revenue decline in […]
