May & Baker’s margins improve despite revenue contraction
MAY & BAKER reported a decline in its top-line of 9.57% to NGN5.92 billion (vs. NGN6.54 billion in 9M:2018).
AIICO 9M 2019: Growth in net profit hits five-year high
AIICO's gross premium earned advanced by 37.13% YoY to NGN35.56 billion, driven by the extensive distribution network of the firm.
CONOIL consolidates success despite industry worries
CONOIL’s topline expansion surged further in Q3:2019; 9M:2019 revenue printed at NGN112.72 billion.
Earnings quality undermined by missed output, oil shocks
For the third time this year, SEPLAT has missed its production and revenue targets. 9M:2019 topline was down by 12.57%...
Elevated direct costs restrain MOBIL earnings growth
MOBIL's 9M:2019 scorecard has distinguished it from its peers – for its ability to consistently grow topline in a year...
Borrowing costs drag TOTAL to 40-year nadir
TOTAL failed to achieve positive revenue growth in its petroleum products segment.
Oil exploration breakthrough in Gongola opens up new frontiers
NNPC drilling crew working at Kolmani River-II in Gongola Basin encountered hydrocarbon outflow to the wellhead while testing
Earnings Pressured by Lower Interest Income
Guaranty Trust Bank (GUARANTY) released its third-quarter result for 2019 in which it reported a slump in gross earnings
Macro-Economic Update: Inflation Expectation
Although trade tension between the U.S and China persists, officials of the two countries have agreed to reopen trade talks...
P & ID versus Nigeria… How the markets have responded
As we commence the sojourn into the final quarter of 2019, we muse on what has been an eventful third...
