Daily Market Update | 10-08-2023
The Nigerian Equities Market closed positive today as its benchmark index soared by 1.62% to 65,204.82 points. Consequently, its Year-to-Date return printed at 27.23% (Yesterday: 25.20%). The positive market performance was primarily driven by gains in Dangote Cement Plc, FBN Holdings, and MTN Nigeria Plc offsetting the losses in Dangote Sugar Refinery and Unilever Nigeria […]
H1:2023 BUACEMENT Earnings Note | Spiraling Finance Costs Limits Bottom-Line Growth
This report provides a detailed overview of BUA Cement’s performance during the first half of 2023 (H1:2023). BUA Cement Plc. recently released its H1:2023 financial results, depicting a 17.24% YoY growth in revenue to NGN221.07bn. On the other hand, production cost of sales (adjusted for depreciation) rose by 17.42% YoY to NGN105.36bn while total operating […]
5 Ways Compound Interest Supercharges Your Investments
Albert Einstein once referred to compound interest as the “eighth wonder of the world.” This deep statement from one of the smartest people in the world emphasizes just how great this concept is and urges everyone to pay attention to it. When used effectively, compound interest has the potential to generate great wealth over a […]
7 Benefits of Working with an Investment Advisor
Working with an investment advisor is important when it comes to making investment decisions. In today’s era of advanced technology making, it easier for people to self-manage their investments, many have disregarded the need for an investment advisor to achieve their financial goals. Nonetheless, seeking the guidance and expertise of a reliable investment advisor can […]
