Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The […]
Category: Financial Analysis
Financial Analysis
Airtel Africa’s Data Penetration Climbs 13.8% To 71.4m as Customer Base Expands
Airtel Africa has reported a significant increase in its data and mobile money customer base in its nine months ended December 31, 2024. The company’s total customer base grew by 7.9 per cent to reach 163.1m, with data customer penetration rising by 13.8 per cent, bringing the number of […]
CAP Records 57% Growth In PBT
Chemical and Allied Products Plc (CAP) Plc has released its unaudited Consolidated Financial Statements for the full year ended December 31st, 2024, to the Nigerian Exchange Group (NGX). The company’s balance sheet remained resilient with total assets growing by 27 per cent to N19.58bn in in 2024 […]
Trump’s Policies Shifts: What They Mean For Nigeria, Africa’s Future-Analysts
Donald Trump’s recent speech and executive orders have sparked discussions about their potential implications for Nigeria and Africa. Analysts at Data Services and Resources Limited have highlighted key areas of impact, ranging from trade policies to energy, immigration, and global influence. The analysts noted that the U.S. administration’s protectionist […]
Wema Bank To Raise Additional N200bn To Complete CBN Recapitalization Requirement
Wema Bank Plc has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with the goal of raising N200bn in fresh capital. This would mark the second and final tranche […]
Collective Investment Schemes Rises to Over N3trn In 2024, says SEC
The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024. The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abuja, explained that collective investment schemes are a part of […]
NiDCOM Lauds CBN’s Initiatives to Enhance Diaspora Contributions
The Nigerians in Diaspora Commission (NiDCOM) has lauded the Central Bank of Nigeria (CBN) for introducing two groundbreaking financial products aimed at engaging the Nigerian diaspora: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). In a statement released on Thursday by the Commission’s spokesperson, […]
Nigeria’s Headline Inflation Rate Increases to 34.80% in December 2024
Nigeria’s headline inflation rate rose to 34.80% in December 2024, according to the latest report from the National Bureau of Statistics (NBS). This represents a slight increase of 0.20% from the 34.60% recorded in November 2024, primarily driven by heightened demand for goods and services during the festive season. The […]
BudgIT Raises Concern Over Irregularities in 2025 FG Proposed Budget, Calls for Prudent, Patriotic, and Inclusive Review by National Assembly
BudgIT, a civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has observed certain legacy issues with the 2025 Federal Government Proposed Budget and calls on the National Assembly to proactively address the irregularities, exercise its “Powers of the Purse” responsibly, allow robust public participation in the budget […]
LG Allocation: SEC To Improve Framework On Borrowing By Governments, Corporates
The Securities and Exchange Commission has expressed its readiness to improve the regulatory framework as it regards borrowing by governments and corporates. Director General of the Commission, Dr. Emomotimi Agama who disclosed this during an interview, said this has become important given the critical role borrowing plays in the […]