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Geregu Power Plots Exponential Growth After FEDA Deal
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…as output set to hit 1,000MW in 3-years
The year 2023 is set to be the first in a multi-year growth surge for Geregu Power...
Moody’s Downgrades Nigeria’s Ratings to Caa1 With a Stable Outlook
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Moody's Investors Service (Moody's) has downgraded the Government of Nigeria's long-term foreign-currency and local-currency issuer ratings as well as its foreign currency senior unsecured...
Drug Makers to Maintain Earnings Growth in 2023 as Fidson Leads Pack
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Analysts are sanguine that drug makers in Africa’s largest economy will surmount the macroeconomic headwinds and maintain earnings growth in 2023 as the health...
Buy Dangote Cement, Zenith Bank, Conoil, UBA on High Dividend Yields
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As companies will soon be rewarding their owners from distributable profit, it is important to identify defensive and high yielding dividend stocks.
At a time...
Union, Wema, Unity Bank Bloated Operating Expenses Are a Problem
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Union Bank Plc, Wema Bank Plc, and Unity Bank Plc have the highest cost-to-income-ratio (CIR) as they are spending more money to earn every...
Weak Macro Conditions to Put Pressure on Corporate Profit in 2023
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A weakening macroeconomic environment in Nigeria increases uncertainties for companies operating in the country and is expected to exert pressure on corporate profit and...
Julius Berger Eyes Investments Outside Nigeria in Growth Push
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Julius Berger Nigeria Plc, the largest engineering construction company in the country is looking to invest beyond Nigeria as it seeks to maximise growth...
High Interest Rates: UBA Charged 28.5% For Loans in Q3 as Customers Groan
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Tier-One Lender United Bank for Africa (UBA) saw its average interest rate charged on loans to customers rise to 28.5% per annum in the...
Transcorp Optimises Existing Resources and Delivers Returns to Shareholders
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Transnational Corporation Plc or Transcorp, the largest conglomerate in Africa’s most populous nation has done well even amid a challenging environment.
In short, the company...
Soaring Borrowing Costs Heap Pressure on Indebted Nigerian Firms
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Higher inflation exacerbated by Russia Invasion of Ukraine that forced the central bank to raise its benchmark interest rate incessantly is threatening to balloon...