-
The Policymaker’s Trilemma
Imagine you’re a policymaker in sub-Saharan Africa. You’ve been charged with lifting your country out of the worst health crisis in living memory, and nobody around you knows when it will end—the second…
-
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…
-
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…
-
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…
-
NNPC 2019 Financial Performance in Four Visuals
A simple analysis of the 2019 NNPC Group and NNPC Corporation Financial Performance
-
Mission Impossible? Can Fragile States Increase Tax Revenues?
The COVID-19 shocks are proving to be especially challenging for fragile states. Pre-COVID, fiscal revenues were low in such countries and governments were struggling to raise them. Now, COVID-19 is hitting them hard…
-
2021-2023 MTEF: Key Implications and Market Impact
We recently received the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) released by the budget office of the Federation. We have thus provided an update on the key highlights,…
-
Analysis of Nigeria’s Fiscal Revenue from January to April 2020
₦1.25 trillion was expected to be generated in January and February, however, ₦952.5 billion and ₦845.1 billion was generated respectively implying that only 76% and 68% of expected revenue were achieved. The month…
-
[INFOGRAPHICS] 7-Year Comparison of Revenue of Brewers in Nigeria
Both Nigerian Breweries and International Breweries have had their revenue grown over the years while there have been fluctuations in the revenue of Guinness during the same period under review. That said, Nigerian…
-
[INFOGRAPHICS] 5-Year Revenue Vs Loss of Kaduna Refinery
The Kaduna refinery has posted N24.81 billion combined revenue between 2014 and 2018, while combined loss during the same period amounted to N276.08 billion. The refinery did not generate revenue in 2018 but…
