Business & Finance
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Weekly Economic & Market Commentary
Last week in Nigeria, the DMO conducted its NTB auction for March, which was oversubscribed due to strong demand. Foreign trade decreased in Q4'22 due to a decline in import trade, but increased…
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Stock Pitch – Dangote Sugar Refinery Plc
We recommend a BUY on DANGSUGAR based on our target price of N26.31. This representing a potential 72.0% upside on the closing price of N15.30 as of 14th December, 2022. Year-to-date (YTD), DANGSUGAR…
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FLOURMILL Stock Pitch – Gifted Analysts Academy 2.0
This stock pitch was prepared and presented by Ridwan Okeshola, Oluwatimilehin Agbejimi, and Omolola Omotalade
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GTCO Stock Pitch – Gifted Analysts Academy 2.0
This stock pitch was prepared and presented by Ayebawanaemi Solomon, Ailende Edna, Lawal Hamzah Ajisafe Damilola and Chisom Nwankwo
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UNITED CAPITAL PLC: 9 MONTHS-2022 PERFORMANCE REVIEW AND STOCK RECOMMENDATION
United Capital Plc has seen steady growth in both top and bottom lines over the years, and we expect both to continue to grow at double digits over the next five years. The…
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Fidson Healthcare PLC H1-22 Performance Review
Currently, the local drugs manufacturers are faced with an intense competition from imported products and multinational companies. For instance, 70% of the drugs consumed in Nigeria are imported. Also, almost all the local…
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Dangote Sugar Refinery H1-22 Performance Review
Dangote Sugar Refinery PLC (DANGSUGAR) recently released its H1-22 financial performance, showing top line and bottom line growth of 40.5% y/y and 60.6% y/y, respectively. In this report, one of our trainees at…
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Nigeria’s inflation rate hits 19.64% in July 2022, the highest in 17 years
An examination of the NBS inflation data shows that this is the highest since September 2005 when the inflation rate hit 24.32% year-on-year. On a month-on-month basis, the headline inflation rose by 1.82%…
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Fundamentals of Investing: An Emergency Fund
It is important that you see yourself as a company with a structure from earning money, to saving it, to budgeting for expenses and then investing. There should be room for liquidity first.…
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SEPLAT: Global Dynamics Support Medium Term Growth Expectations
We value Seplat at #1,706 per share, representing a 21% upside from its current selling price of #1,430, hence, we issue a BUY recommendation. Our valuation is based on three methodologies which include;…
