Nigeria’s inflation jumps to 17 years high at 19.64%
Latest details according to the National Bureau of Statistics (NBS) showed that consumer prices rose by 105bps to 19.64% y/y in July (June: 18.60% y/y) – the highest print since September 2005 (24.32% y/y). Parsing through the breakdown, price pressures…
Ghana Inflation Rate Jumps to 31.74% y/y in July
According to the recently released inflation report by the Ghana Statistical Services (GSS), headline inflation rose by 192bps to 31.74% y/y in July (June: 29.82% y/y) – the highest print since November 2003 (33.63% y/y). Parsing through the breakdown provided,…
NGX All-Share Index slips, down 0.12%
Today, the domestic bourse reversed course after yesterday’s rally bringing the benchmark index lower by 0.12% to settle at 50,014.60 points. Losses in telco heavyweight, MTNN (-0.50%) alongside Tier-one banking names, ZENITHBANK (-0.23%), GTCO (-0.49%), STANBIC (-3.28%) and UBA (-2.78%)…
Trophy hunting puts South Africa’s tourism industry in Limbo
New research reveals that South African citizens and international tourists want to see an end to trophy hunting, in favour of wildlife-friendly experiences. This comes as South Africa opens-up consultation on its draft Conservation and Sustainable Use of South Africa’s…
More Supports for Ezeala College Of Nursing, Okwudor
Just as the Management of Ezeala College Of Nursing Sciences in Okwudor, Njaba Local Government Area of Imo State has announced the commencement of admissions of new students wishing to graduate as Nurses and Midwives, more international bodies and Diaspora…
Dangote bags Nigerien national Honour over his Foundation’s Health Scheme
…As Dangote, Bill Gates Foundations sign MOU on immunization of Nigeriens President/Chief Executive of Dangote Industries Limited, Aliko Dangote has been conferred with the Commander of the Order of Merit of Niger award by the President of the Republic of…
Dangote Cement’s Revenue Growth Supported by Price Increases
Dangote Cement (DANGCEM) released its Q2 22 unaudited results on Sunday (31 July). The group reported EPS decline of 33.8% y/y in Q2 22, culminating in a fall in H1 22 EPS by 9.9% y/y. The earnings slump was mainly…
FMN unaudited results show EPS of NGN1.37 (Q1-22: NGN1.17)
FLOURMILL published its Q1-23 unaudited results recently, reporting EPS of NGN1.37 (Q1-22: NGN1.17), underpinned by solid revenue growth of 45.3% y/y in the period. Revenue grew by 45.3% y/y driven by substantial growth across the Food (+45.1% y/y), Agro-Allied (+37.7%…
NGX All-Share Index slips by 0.83%
Nigerian equities opened the week on a weak note Monday August 1, 2022, reversing most of the prior session gains as the All-Share Index lost 0.83% to close at 49,950.32 points. The drag on the market’s performance was borne from…
INTBREW reports lower Loss per Share of NGN0.01 in Q2-22
International Breweries Plc (INTBREW) published its Q2-22 unaudited financials on Friday (July 29), reporting a lower Loss per Share of NGN0.01 in Q2-22 (vs Loss per Share of NGN0.42 in Q2-21). However, the H1-22 EPS printed NGN0.01 (vs Loss per…
