October 2023 CPI Report | Rising Prices Remain Unabated
Rising Prices Remain Unabated Yesterday, the National Bureau of Statistics (NBS) released the inflation report for October 2023. Headline inflation jumped by 61bps to reach 27.33% YoY (vs 26.72% YoY in September 2023). This is on the back of increases in its two major sub-components, Food inflation (+88bps to 31.52% YoY) and Core inflation (+73bps […]
MTNN Plc Q3:2023 Earnings Note – Resilient Performance amidst Macro Headwinds
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the third quarter of 2023. Data ReveData Revenue Supports Revenue Growth In its recently released Q3:2023 financial result, MTN Nigeria Communications Plc (MTNN) noted increased revenue, exceeding its growth from a year ago. Topline grew by 21.76% YoY to NGN1.77trn […]
Daily Market Update | 16-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.02% to 71,025.16 points. This marginal gain was spurred on by gains in Nigerian Breweries, MTNN and Oando PLC offsetting losses in Zenith Bank, E-Tranzact and UBA. Notably the market’s year-to-date […]
