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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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Good morning and welcome to this week’s edition of Bulls and Bears. This is a weekly thread where i look at happenings on the NGX and global stock market space. If you have any questions, please feel free to share. This thread goes up at 10am WAT on my substack and 11 am WAT here…
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Fidson and Presco Fidson and Presco take a joint first place in my watchlist because they both hit a 52 week high last week, and were one of the top gainers last week. I expect that the stocks will either retrace or keep going higher in the coming week. McDonalds MCDonalds will drop its Q4…
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To my regular readers of watchlist, some context as to why this is going out a bit later than usual. Donald Trump over the weekend announced tariffs to be imposed on goods from Canada, Mexico and China. A 25% tariff was imposed on imports from Mexico and Canada, as well as a 10% duty on…
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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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On my watchlist are stocks i will be paying attention to in this coming trading week. It is not a Buy/Sell/Hold recommendation. Sofi Sofi takes the first place because it will be releasing its results before the US market opens. As a high growth stock, it has passionate camps for both for and against. Boeing…