Research Analysis Archives | Page 6 of 50

Why Nestle Nigeria’s return remains strong - EFG Hermes, Nestle Nigeria Plc appoints new Director, Nestle Plc: FY 2019 Revenue beats estimate; but profit underperforms, GTB, Zenith Bank, & Nestle emerge as Renaissance Capital’s top stock picks

Nestle Plc: FY 2019 Revenue beats estimate; but profit underperforms

Nestle Plc released its FY 2019 audited numbers where the company recorded a 6.7% y/y increase in Revenue to N284.0 billion from N266.3 billion in FY...

Health: Nigeria records first case of coronavirus

Columnists6 months ago

Health: Nigeria records first case of coronavirus

The Federal Ministry of Health released a circular confirming the first recorded case of the coronavirus (COVID-19) in the nation’s commercial hub, Lagos

Google partners Flutterwave to train 5,000 merchants

Companies6 months ago

Google partners Flutterwave to train 5,000 merchants

Google Nigeria has announced a partnership with Digital payments company, Flutterwave for the training of 5,000 merchants across the country.

PoS transactions hit N3.20 trillion in 2019, as stamp duty rip-off remain , Charges: Current accounts held drops by 4.5 million, as PoS transactions hit N373 billion, Digital payments sustains surge, affirms growth prospects

Business News6 months ago

Digital payments sustains surge, affirms growth prospects

The volume and value of PoS transactions grew 46.7% y/y and 40.6% y/y to 41.3 million transactions and N313.4 billion respectively in Jan 2020.

Competition alert as Dangote Cement launches biggest sales promo in Nigeria, Dangote Cement: Feeling the heat of a slowing Nigerian market, Dangote Cement: Weak revenue performance, elevated OPEX weigh on earnings

Columnists6 months ago

Dangote Cement retains BUY status despite weak revenue

Based on the recently released FY 2019 results published by Dangote Cement, revenue declined albeit marginally by 1.1% y/y to N891.7 billion.

Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited

Columnists6 months ago

Bank’s lending rates decline albeit slower than expected

Based on CBN's report, Prime Lending Rate and the Maximum Lending Rate declined 0.3ppts and 1.2ppts respectively to 15.0% and 30.0% respectively in Q4 2019.

Flour Mills plans to issue N20 billion fixed rate bonds

Columnists6 months ago

Flour Mills: Growth outlook still positive, potential upside exists

Flour Mills Nigeria Plc released its 9M 2020 financial results showing a 5.7% y/y growth in Revenue to N423.5 billion from N400.6 billion in 9M 2019.

Quality of local rice improves as food prices drop across major markets Prices of major household items on the high as weather condition limits harvest, Onions, Pepper, Yam, others increase across various Lagos markets as dealers lament low sales, Traders bag imported rice in local bags, as prices of onions, Ppepper, others drop

Business News6 months ago

Prices of tomatoes, garri, potatoes, others jump as low inventory hits major markets

Nigerians may face hard times in the coming weeks as the latest Nairametrics Household survey reveals that the prices of major household commodities increased significantly as...