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  • Business & Finance

    Financial Highlights of SEPLAT in the first 9 months of 2020

    Aminu Musa / November 10, 2020

    Although revenue declined, we note that the cost of sales surged during the period. Specifically, cost of sales was N103.94 billion compared to N70.65 billion recorded in the corresponding period of 2019. This…

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  • Business & Finance

    Financial Highlights of Bua Cement Plc in 9M-2020

    Adebisi Samuel / November 10, 2020

    Gross profit grew by 13.6% compared to the corresponding period of 2019. The gross profit growth is however slow due to the fact that the growth in cost of sales was more than…

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  • Business & Finance

    Financial Highlights of AIICO Insurance Plc in the First 9 Months of 2020

    Joshua Olorunsaiye / November 9, 2020

    With profit after tax increasing by 16.7% and earnings per share declining by 30.8%, then we suspect the decline must have been due to the listing of additional shares during the year.

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  • Business & Finance

    Financial Performance of Dangote Cement Plc in the First 9 Months of 2020

    Abdulazeez Kuranga / November 9, 2020

    In the first 9 months of 2020, Dangote Cement (DANGCEM) plc was able to grow its revenue by 12% on the basis of solid production volume (+5.6% y/y to 18.40 million tonnes) with…

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  • Business & Finance

    NNPC 2019 Financial Performance in Four Visuals

    Okeowo Ebenezer / October 28, 2020

    A simple analysis of the 2019 NNPC Group and NNPC Corporation Financial Performance

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  • Business & Finance

    How Profitable is the Lagos Property Market?

    Adebisi Samuel / October 24, 2020

    This report examines the property market in Nigeria based on the data obtained from the NIESV.

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  • Business & Finance

    Analysis of the Financial Performance of MTN Nigeria Communications Plc in Half Year 2020

    Sheriffdeen Adeoti / September 23, 2020

    MTN Nigeria increased its subscribers base by adding 6.8m to its network totaling 71.1m mobile subscribers as of June 2020. Total revenue generated was up by 12.5% (y/y) to ₦638.08bn for the first…

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  • Business & Finance

    Is a Wave of Bankruptcies Heading for the Offshore Oil Industry?

    Aminu Musa / August 23, 2020

    Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of some $6.5 billion in debt that will see…

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  • Business & Finance

    H1’20 Review of Activities in Nigeria Equities Market

    Sheriffdeen Adeoti / August 17, 2020

    Although Stock bourses are forward looking in nature, they generally portray the momentum of the economy. An upward trend could signal investors' confidence in the market while otherwise could mean sell-offs and economic…

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  • Business & Finance

    NNPC: Inefficient in its Core Business, Excelling in Non-Core Areas (3)

    Abdulazeez Kuranga / July 3, 2020

    This article provides a critical review of the financial performance of the 20 subsidiaries of the NNPC for the 2018 financial year. We also provide an aggregate figure for the Group based on…

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