Okomu Oil and its multifarious related party transactions
For Okomu Oil, its majority shareholder holds the aces when it comes to related party transactions.
Tag: Company Financial Results
Dangote Cement: Subdued earnings outlook but valuations still attractive
Trading at FY 2020 EV/EBITDA of 7.0x compared to its EM peer average of 9.2x and its 5-year average of ...
Zoom’s market valuation hits $50 billion mark, thanks to COVID-19
Zoom's share price now trades at an eye-watering 55 times estimated revenue compared with an average of 7 times for ...
STOCKS: Poor operating performance downgrades Guinness Nigeria to Sell
In its recently released 9M 2020 results, Guinness reported a 5.3% y/y decline in Revenue to N96.0bn from N101.4bn in ...
GlaxoSmithKline Consumer Nigeria Plc announces 55kobo dividend, AGM
GlaxoSmithKline Consumer Nigeria Plc on 24th July 2020, will pay dividends electronically to Shareholders whose names appear in the Register.
Tiktok’s In-App revenue surges amid lockdown
ByteDance Ltd’s brainchild, TikTok, together with Douyin ranking tops globally on mobile apps with the highest revenue generated for the ...
BUA Cement Plc Releases audited Financial Results for 2019; Revenue Increased by 47.5% to N175.52 billion
BUA Cement's Profit before Tax (PBT) for the period rose 69.1% (y/y) from N39.17 billion in 2018 to N66.23 billion.
FIDELITY BANK PLC: Frail earnings outlook but valuations still attractive
Despite the substantial growth in loan book in 2019 (up 33% y/y) amidst frail macro conditions, we do not envisage ...
COVID-19: MTN says it has put strict measures in place to preserve resources
"The group will continue to focus on business continuity and efficiency, and we have implemented strict measures to preserve resources ...
Jumia is optimistic of COVID-19 boost, despite poor Q1 2020 earnings report
"We are seeing unprecedented demand to join the Jumia platform, especially for named brands. We believe those dynamics will help ...
