Friday, April 19, 2024
MARKET UPDATE
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Company Analysis

How Access Holdings built N26.7trn balance sheet in 2023 — biggest expansion in years

    How Access Holdings built N26.7trn balance sheet in 2023 — biggest expansion in years

Access Holdings Plc took a big advantage of its aggressive offshore expansion to build a balance sheet of N26.7 trillion in 2023 — the biggest asset expansion the bank holding

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N195bn FX loss wipes off Nestlé Nigeria’s capital base — first in years

    N195bn FX loss wipes off Nestlé Nigeria’s capital base — first in years

Nestlé Nigeria Plc rolled in a net loss of N79 billion from the 2023 operations, as huge net foreign exchange (FX) losses of N195 billion wiped off the company’s capital

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MRS Oil misses mark on revenue but beats full-year profit target at N4.9bn

    MRS Oil misses mark on revenue but beats full-year profit target at N4.9bn

MRS Oil’s final quarter sales revenue is far off the high mark set for the quarter but the bottom line is surprisingly better than expected. The company’s final quarter delivered

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FX gains, investment income spur Julius Berger to N12.7bn profit in 2023

    FX gains, investment income spur Julius Berger to N12.7bn profit in 2023

Julius Berger Nigeria Plc rode on the back of huge foreign exchange (FX) gains and much-enhanced investment income to avert a profit drop and elevated the bottom line to N12.7

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Nigerian Breweries records N106bn loss, equity shrinks to lowest in years

    Nigerian Breweries records N106bn loss, equity shrinks to lowest in years

Nigerian Breweries Plc travelled on the path of losses all the way from the first to the final quarters in

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FBN Holdings’ foreign exchange losses swell to N350bn at full-year

    FBN Holdings’ foreign exchange losses swell to N350bn at full-year

FBN Holdings Plc moved against the trend of monumental foreign exchange (FX) gains, particularly among banking majors with substantial offshore

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FCMB overshoots full-year profit target on N84bn foreign exchange gains

    FCMB overshoots full-year profit target on N84bn foreign exchange gains

FCMB Group Plc overshot its 2023 full-year profit target with a better-than-expected final quarter that swelled foreign exchange (FX) gains

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Flour Mills stays deep in the red, as FX loss multiplies to N51bn at H1

    Flour Mills stays deep in the red, as FX loss multiplies to N51bn at H1

Flour Mills of Nigeria Plc saw its huge foreign exchange (FX) loss of N22.5 billion in the first quarter (Q1)

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MRS Oil expects another high jump in profit to N4.4bn for Q4

    MRS Oil expects another high jump in profit to N4.4bn for Q4

MRS Oil Plc expects to hit the market with one of the most outstanding profit increases in 2023, with a

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Presco expects lean Q4 profit amid sales revenue drop projection

    Presco expects lean Q4 profit amid sales revenue drop projection

Presco Plc expects quite a lean final quarter for its 2023 operations to be marked by a drop in sales

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