Tag
2020 Q1 RESULTS
Airtel Africa had risen in customers’ base by 11.8% to 111.5 million in spite of the pandemic.
Despite the substantial growth in loan book in 2019 (up 33% y/y) amidst frail macro conditions, we do not envisage a significant deterioration in Fidelity Bank's asset quality.
"We are seeing unprecedented demand to join the Jumia platform, especially for named brands. We believe those dynamics will help accelerate the shift toward online."
Being a market leader is great, but in times of economic despair, it can quickly turn you into prey.
Despite unprecedented challenges across Africa resulting from the COVID-19 pandemic, Continental Reinsurance has posted a 29% increase in gross premium
Food and beverage giant, Nestle Nigeria Plc, has released its unaudited financial statement for the first quarter (Q1), 2020.
African Alliance Insurance PLC has announced that its Board of Directors will hold a meeting at 54, Awolowo Road, Ikoyi, Lagos on Wednesday.
With the pandemic on our tails, one of the lessons many businesses and individuals have learnt is that certain things are more important than others.
The company's cost of sales grew 13.2% y/y to N24.5 billion in Q1 2020, driven by double-digit growth in raw material cost.
The increased profits benefited from the twin effects of continuing top-line growth and focused cost-of-funds optimisation.
The report showed relative improvements across key financial indicators. As always, the summary is presented below.
We place a BUY recommendation on FBN Holdings (FBNH NL) Plc, with a 12-month target price of NGN10.30. This translates to an estimated capital gain of 136.76% from its April 24, 2020 closing price of N4.35.