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Geregu Power 307% Profit Growth in Q1 a Catalyst For Much Higher Share Price
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Geregu Power has become the first NGX listed company to release First Quarter (Q1), 2024 financial results, with the recorded 307.5% profit growth a...
NSIA Reports N1.18trn 2023 Profit, Receives $96m Oil Price Royalty
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The Nigeria Sovereign Investment Authority (NSIA), managers of the country’s Sovereign Wealth Fund (SWF) reported a 1,057% increase in profit for the year 2023 to...
Access Holdings Rest of Africa Buying Spree is Beginning to Payoff
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Access Holdings made a pre-tax loss in it Rest of Africa operations in 2022. By the end of last year there was a 1,600...
IEI’s Accounting Shenanigan Mislead Investors
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The management and board of directors of International Energy Insurance Plc (IEI) have to explain to investors and the regulatory authorities about some accounting...
MTN, Nestle, Nigerian Breweries to Book Billions in New FX Losses in 2024
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There will be no respite just yet for many Nigerian firms who booked major foreign exchange (FX) related losses last year as the FX...
Transcorp Power Insiders Pocket N37.97bn From Share Sales Post Listing
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Insiders and major shareholders of Transcorp Power Plc that listed its shares on the Nigeria Exchange Limited by introduction on Monday pocketed a total...
High Yields Lure Carry Traders Back to Africa’s Largest Economy With $1bn of Inflows
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Global carry traders are being lured back to Nigeria by higher yields and new reforms of its foreign exchange (FX) markets by the Central...
Transcorp Doubles Annual Profit to N34.08bn
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Transnational Corporation of Nigeria (Transcorp), the largest conglomerate in Africa’s most populous nation, doubles profit in 2023, joining other bellwether firms in fattening their...
Deep Dive into Geregu Power FY 2023 Earnings Shows Accelerating Growth
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MoneyCentral’s deep-dive into Geregu Power Plc’s Full Year (FY) 2023 earnings report shows the power firm is accelerating its growth, has a stress free...
Nigeria’s Red-Hot Stock Rally Faces Reality Check as Rate Hike Looms
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It could be a case of ‘what goes up will eventually come down’, for Nigeria’s red-hot stock market as risk of higher bond yields...