Daily Market Update | 20-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative today, as its benchmark index, the NGX All Share Index (ASI) went down by 0.15% to 71,008.70 points. This decline was spurred on by losses in STANBIC IBTC, NB and Zenith Bank offsetting gains in Geregu, Oando and GTCO. Notably the market’s year-to-date (YtD) returns […]
Airtel Africa Plc H1:2024 FYE Performance – Charting through Tumultuous Headwinds
Below is a detailed overview of Airtel Africa Plc’s performance during the first half of its fiscal year. FX Devaluation Hinder Revenue Growth In its recently released H1:2024 financial result, Airtel Africa Plc (AIRTELAFRI) posted a marginal increase in its consolidated topline in reporting currency. Overall Revenue increased by 2.28% Year-on-Year (YoY) in H1:2024 (vs. […]
