Pantami, Danbatta Commit to Indigenous Telecom Content Drive
Minister of the Communications and Digital Economy, Prof. Ali Ibrahim Pantami, has reaffirmed Federal Government’s determination to reverse the trend of importation of all types of telecommunications products, especially where production in Nigeria is possible. Pantami, who spoke at the…
NIMASA Reviews Sponsorship of Cadets Training
The Nigerian Maritime Administration and Safety Agency, NIMASA, is currently reviewing the cost of direct sponsorship of Nigerian cadets undergoing foreign training under the Nigerian Seafarers Development Programme (NSDP). The Director General of NIMASA Dr Bashir Jamoh noted that the…
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…
Presco Plc reports a standalone EPS growth of 12.7% y/y
Presco Plc (PRESCO) published its Q2-22 unaudited financials on Friday (July 29) reporting a standalone EPS growth of 12.7% y/y to NGN7.59 in Q2-22 (Q2-21: NGN6.73). Accordingly, H1-22 EPS stood at NGN13.47 (+33.1% y/y). The growth in EPS was driven…
Nestle Nigeria Plc reports standalone EPS of NGN12.33
Nestle Nigeria Plc (NESTLE) published its Q2-22 unaudited result last week Friday, reporting standalone EPS of NGN12.33 (NGN11.77); bringing H1-22 EPS to NGN35.01 (H1-21: NGN27.42). The EPS outturn was supported by the sturdy top-line expansion (+33.3% y/y) in the period….
MTN Nigeria’s Q2 22 report maintains strong earnings
MTN Nigeria Communications (MTNN) released its H1 22 unaudited results after the close of trading on Friday (29 July). The group reported Q2 22 EPS of N4.16 (+24.2% y/y), culminating in H1 22 EPS of N8.92 (+28.0%). An interim dividend…
Dangote Sugar EPS growth driven by the stellar growth in sales y/y
Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-22 unaudited financials last week Friday, reporting standalone EPS of NGN0.94 (NGN0.35); bringing H1-22 EPS to NGN1.67 (H1-21: NGN1.04). The EPS growth was driven by the stellar growth in sales (+41.0% y/y) in…
NCC Doles out N500m for research in Nigerian Universities
The Nigerian Communications Commission (NCC) has committed over N500 million to the Nigerian universities and other tertiary institutions across the country to facilitate research and innovations to promote developments in the Nigerian telecommunications industry. Executive Vice Chairman of the Nigerian…
