Blogs
Foreign Exchange Woes: MTN Nigeria posts a decline in profits
MTN Nigeria has reported a notable decline in its profits for the second quarter of 2023, with pre-tax profits dropping by 64.32% compared to the […]
Tesla Is Lapping Germany’s Automakers in the Global EV Race
Tesla delivered 889,015 cars in the first half of this year, more electric vehicles than Volkswagen AG, BMW AG, Mercedes-Benz Group AG, and Porsche AG […]
Profit Decline in Nigerian Banks’ Foreign Subsidiaries Linked to High Impairment Losses on Assets.|Idika Aja
Article Highlights Driven by the desire to unlock incremental value, Nigerian banks have aggressively expanded into other African countries, as well as the UK, US, […]
The Battle for Tier-2 market share
Key Highlights Nigeria’s Tier-2 banking industry subsector has become highly competitive, with players in this sector striving to establish market niches for themselves. This competitiveness […]
Conoil Plc: After hitting a 5-year high, is it still a Buy?
Conoil Plc: After hitting a 5 year high, is it still a Buy? Conoil’s share price has experienced a remarkable surge, reaching a new 5-year […]
Sterling Bank’s Financial Performance: Navigating the Impact of Loan Contraction and Non-Performing Loans.
In the 2022 financial year, Sterling Bank reported a year-on-year (YoY) growth in gross earnings, amounting to N175.1 billion. This growth can be attributed to […]
Airtel Africa records double-digit revenue growth.
Article Summary Airtel Africa’s financial results for the year ended March 31, 2023, showed strong revenue growth of 11.5% to $5.255 billion, driven by growth […]
Okomu Oil Plc: The days of price adjustments are numbered
Although price adjustments can have a positive impact on short-term revenue and profitability, sustaining long-term growth and mitigating the effects of market fluctuations and external […]
Unity Bank needs to enhance profitability to restore positive shareholders’ funds
Unity Bank’s negative retained earnings of N379.786 billion and negative shareholders’ funds of N139.797 billion as of Q1 2023 pose a significant obstacle to the […]