Category: Napkin Notes
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Zenith Bank last week released its first quarter 2025 results. The bank made N949 billion in revenue (up 2.68% from the same period last year). Its about a N100 billion shy from joining a select group of firms that generate N1 trillion in revenue every quarter. The bulk of revenue came from interest income (more…
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Fidelity bank, last week released its results for the first quarter ended March 2025. There was a huge bounce in revenue and profit after tax Gross earnings increased by 64.2% from N192 billion in 2024 to N315.4 billion in 2025. Profit after tax rose by 189.7% from N31.4 billion in 2024 to N91.1 billion in…
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Zenith Bank held an earnings call last week, to discuss its audited FY 2024 results. Management touched on a bunch of topics including pausing Holdco plans, returning to its usual dividend payout ratio and stage 2 loans. Suspending Holdco Pursuing holdco would have delayed recapitalization. Suspended Holdco to raise capital. After capital raise, focus is…
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GTCO last week held an earnings call following the release of its audited FY 2024 results. Group CEO Segun Agbaje discussed a bunch of topics including the usual suspect. Why isnt the bank growing its loan book in line with peers. All quotes are from him On the quality of earnings of 2024 (Can we…
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Total Energies Nigeria is the downstream unit of energy giant Total. Downstream means the distribution and sales of petroleum products. Topline and bottomline Revenue rose by 63.8% from N635 million in 2023 to N1.04 trillion. This is the highest revenue (in Naira) earned by the firm. Profit after tax increased by 112.9% year on year.…
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UAC of Nigeria Plc last week held an earnings call following the release of its audited FY 2024 results. Management provided some colour on its FY 2024 dividend (which was quite small), plans for the QSR unit (Mr Biggs) among other topics. All quotes are by Group CEO Fola Aiyesimoju On the dividend policy In…
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Though 2024 was a better year for ABC Transport Plc, negative retained earnings mean it wont be paying a dividend. About the firm ABC Transport Plc was incorporated as a Private Limited Company on April 5, 1993, and commenced operations that same year. The firm was converted to a Public Limited Liability Company on…
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Not Send. A Nigerian slang meaning to not care. Depending on your favourite genre of music, you might know the term from the Tuface song See Me So where he sings As you see me so, i no send you o…. Hihphop heads may know the song by Tha Suspect (who’s a great musician by…
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Chemical and Allied Products (CAP) delivered stellar results in 2024, amidst what was an extremely challenging year. Management needs to work on making the stock more liquid. Revenue Revenue made during the period was N36.3 billion, 52% higher than the N23.8 billion it generated in 2023. N36.2 billion of revenue (the lion share) was from sales…
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CWG Plc (Computer Warehouse Group) yesterday released its results for the audited FY 2024. The company hiked its dividend payout by 143%. About the firm CWG was incorporated in Nigeria as a private limited liability company on 1 February 2005 and listed on the Nigerian Stock Exchange on the 15th of November 2013. The Group…