BUA Cement Strong topline growth drives FY 22 earnings
BUA Cement (BUACEMENT) released its FY 22 audited results after trading hours last week Friday (24 February). The company reported an EPS growth of 11.3% y/y in Q4 22, translating to a FY 22 EPS growth of 12.0% y/y. The…
Lafarge Africa Plc reports jump in EPS
Lafarge Africa Plc (WAPCO) released its 2022FY audited financials yesterday, reporting an EPS of NGN3.33 (2021FY: NGN3.17). The increase in the company’s EPS was supported by the stellar growth in revenue (+27.3% y/y) during the period. WAPCO’s board has proposed…
Dangote Cement reports an EPS of NGN22.27 on its 2022FY
Dangote Cement Plc (DANGCEM) released its 2022FY audited financials recently, reporting an EPS of NGN22.27 (2021FY: NGN21.24). The achieved EPS (3.1% higher than our estimates) was driven by the robust growth in its topline (+17.0% y/y) and a moderation in…
FIFA Congress to discuss remedies for World Cup human rights abuses
Reacting to the growing pressure on FIFA from its own members, led by the Norwegian Football Association, for it to remedy human rights abuses connected to the 2022 football World Cup, Amnesty International’s Head of Economic and Social Justice Steve…
ASPMDA: Court stops Umeji, insists on determination of Suit with Igboanuzue
At the resumed hearing of the suit between the current administration in Auto Spare Parts and Machinery Administration (ASPMDA) and ousted government led by Bro. James Umeji on Thursday, 23rd February, 2023 in Lagos, Business Hilights gathered that the Presiding…
Just in: Lagos Int’l Complex to remain closed till Tuesday—TSFA
The leading umbrella body controlling all the over 17 stakeholding business associations at the Lagos International Trade Fair Complex, Badagry Expressway, the Trade Fair Stakeholders Association (TFSA), has maintained that due to the hassles many people experienced on Saturday’s presidential…
NEPC negates forest protection, lifts ban on charcoal export
Contrary to the stand of environmental activists in the protection of Nigerian forest resources and carbon sink, the Federal Government has announced the conditional lifting of the ban on charcoal and processed wood export in a bid to revamp businesses…
Just in: Dangote casts his vote in VI, expresses faith in INEC
Africa’s industrial giant and President Dangote Group, Alhaji Aliko Dangote, few minutes ago voted in his Ward in Victoria Island, Lagos State. In a brief comments shortly after accreditation and voting, the industrial icon expressed faith in the ability of…
NBPlc reports EPS of NGN1.58
Nigerian Breweries Plc (NB) published its 2022FY audited financials Friday, reporting an EPS of NGN1.58 (2021FY: NGN1.57). The achieved EPS (-38.5% variance from our estimates) was driven by the sturdy growth in revenue (+25.9% y/y). The board has proposed a…
NGX All-Share Index advances by 0.61%
Equities on the Lagos bourse edged higher as the benchmark index advanced by 0.61% to close at 54,646.38 points, the highest level since 15 July 2008. Gains in BUAFOODS (+8.87%), WAPCO (+1.18%) as well as Tier-1 banking names, ZENITHBANK (+0.60%),…
