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Financial Highlights of SEPLAT in the first 9 months of 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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Financial Highlights of Bua Cement Plc in 9M-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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Financial Highlights of AIICO Insurance Plc in the First 9 Months of 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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Financial Performance of Dangote Cement Plc in the First 9 Months of 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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NNPC 2019 Financial Performance in Four Visuals
A simple analysis of the 2019 NNPC Group and NNPC Corporation Financial Performance
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How Profitable is the Lagos Property Market?
This report examines the property market in Nigeria based on the data obtained from the NIESV.
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Analysis of the Financial Performance of MTN Nigeria Communications Plc in Half Year 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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Is a Wave of Bankruptcies Heading for the Offshore Oil Industry?
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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H1’20 Review of Activities in Nigeria Equities Market
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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NNPC: Inefficient in its Core Business, Excelling in Non-Core Areas (3)
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…
