Category: Napkin Notes
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PZ Cussons Nigeria yesterday held a facts behind the figures session at the Nigerian Exchange Limited. Companies usually do this when they have a major move to make (mostly fund raising). Ideally this should be a more frequent event, but ideals and reality are on two different bus stops. About the firm PZ Cussons Nigeria…
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During its 45th Annual General Meeting (AGM) which held on the 17th of December 2024, Oando shares gave approval for a special bonus issue. The shares were in lieu of loans granted to the firm’s CEO Wale Tinubu and DCEO Mofe Boyo. The resolution was as follows The Company may cause shares received pursuant to…
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Airtel Nigeria is one of the big 3 telcos in Nigeria (the other two being MTN Nigeria and Globacom Nigeria). Last week its parent company Airtel Africa dropped its 9M 2024 results and held an earnings call. Airtel Africa is the listed entity on the Nigerian and London Stock exchanges. My initial focus was to…
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Total Energies Nigeria today dropped its unaudited full year 2024 results. Revenue went up by 64% from N635 billion in 2023 to N1.04 trillion. The company joined the N1 trillion club. This is a select group of companies that have made N1 trillion or more in revenue. They include Dangote Cement and MTN Nigeria. About…
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Netflix co founder Reed Hastings Netflix (one of the major streaming platforms globally) dropped its Q4 2024 earnings last week. Here are the key points FY 2024 numbers Below is a table showing the revenue statement for the last 3 financial years, and the percentage change for each year. Paid membership grew by 19 million subscribers…
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JP Morgan is America’s largest bank by assets. Last week, it dropped its results for the fourth quarter ended December 2024. Key numbers Total revenue for Q4 2024: $43.7 billion Net income (profit after tax): $14 billion Earnings per share: $4.81 Proposed dividend per share $1.25 Income split The 4 key revenue lines are Consumer…
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Vitafoam dropped its audited FY 2024 results a few days ago. While revenue grew year on year, there was a sharp dip in profit due to higher foreign exchange losses and finance costs. In response, the company has cut its dividend. About the firm Vitafoam Nigeria Plc was Incorporated on 4th August,1962 and listed on…
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PZ Cussons Nigeria, seems to be on the road to recovery going by the higher revenue earned year on year and sharply lower losses made in Q2 2024/2025 About the firm PZ Cussons Nigeria Plc was incorporated in Nigeria on 4 December 1948 under the name of P.B. Nicholas and Company Limited. The name was…
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NAHCO Aviance, yesterday held a facts behind the figure session on the NGX. In the presentation shared, the company unveiled huge goals. A key detail was left out: The cost About the firm The principal activities of NAHCO are the provision of services including aircraft handling, cargo handling, passenger handling, passenger profiling, crew transportation, energy…
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Error of Omission or Commission? A few days ago, Champion Breweries dropped an insider dealings notice. It was for a sale of 300,000,000 shares @ ₦4.00 per share held by Raysun Nigeria Limited. The notice was dated October 22, 2024, but uploaded on the 4th of December. Why did it take so long for the…