Guinness Nigeria Plc Q4-22 shows standalone EPS of NGN0.17
Guinness Nigeria Plc published its 2022FY audited results after market last week, delivering a Q4-22 standalone EPS of NGN0.17 (vs Loss per Share of NGN0.27 in Q4-21). For 2022FY, the EPS came in at NGN7.15 (+1146.8% y/y). The company’s achieved…
FBNH H1-22 records growth in top, bottom-lines
FBNH released its H1-22 financial report this morning (29 July 2022), which showed that the Holdco recorded growth in its top and bottom-lines. The performance was supported by the growth recorded in core income as a combination of increased risk…
Shelter Afrique records US$1.04M in net profit for 2021
Pan African housing development financier Shelter Afrique has posted an operating profit of US$ 1.04 million up from operating loss of US$ 0.58 million the Company recorded in 2020, backed by impairment recoveries and effective cost control measures. The Company…
NASCON Reports standalone EPS of NGN0.87 (Q2-21: NGN0.55)
NASCON Allied Industries Plc (NASCON) published its unaudited Q2-22 financials recently, in which the company reported a standalone EPS of NGN0.87 (Q2-21: NGN0.55), bringing H1-22 EPS to NGN1.16 (H1-21: NGN1.09). The EPS increase was driven by the sturdy growth in…
Zinox Group begins Nationwide Recruitment
As part of its efforts to ameliorate the harsh economic crunch on the youths, leading technology conglomerate, the Zinox Group, has recently offered employment to a batch of unemployed Nigerian graduates who successfully scaled through its internship programme. The successful…
Dangote Industries issues Nigeria’s Largest Corporate Bond
Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest…
Unilever Nigeria Plc reports standalone EPS of NGN0.02
Unilever Nigeria Plc (UNILEVER) published its Q2-22 unaudited results last week Friday (July 15), reporting standalone EPS of NGN0.02 (Q2-21: NGN0.22), bringing H1-22 EPS to NGN0.33 (H1-21: NGN0.12). The EPS decline was due to the growth in finance costs (Q2-22:…
Dangote Cement partners Agencies, orders on environmental sustainability
…plants 7,205 trees to commemorate the 2022 Environment Day Nigeria’s bid to reduce carbon emissions has received a boost as Pan-African cement manufacturer, Dangote Cement Plc entered into partnership with partnered with the United Nations Environment Programme (UNEP) and National…
Nigeria Inflation Jumps to 5 year high, Hits 18.60%
Nigeria’s headline inflation rose by 89bps in June to 18.60% y/y (May: 17.71% y/y) – the highest print since January 2017 (18.72% y/y). The outturn is in line with Cordros’ estimate (18.61% y/y) and 10bps higher than Bloomberg’s median consensus…
FG swoops on tax defaulters as VAIDS’ amnesty ends
Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have mobilised for full-scale enforcement and recovery of taxes owed by recalcitrant defaulters. The move, which includes prosecution, follows the expiration of a long grace window provided by the…
