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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…
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Good morning and welcome to this week’s edition of Bulls and Bears, my weeky thread on the US and Nigerian equity space. If you have any questions, please feel free to share. Starting with the NGX The NGX All-Share Index depreciated by 0.55%. The index measures the average performance of stocks on the exchange. Livestock…
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Rigmarole An English word, meaning a long complicated process. About the firm National Sports Lottery Limited was incorporated on 03 January 2000, and commenced operations in July 2001 The company was granted in December 2001, exclusive licence to carry out the business of lottery in Nigeria. On the 9th July 2011 the firm was converted…
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Good morning and welcome to this week’s bulls and bears. This is a weekly thread where i look at happenings on the NGX and UJS equity space. If you have any questions, please feel free to share. Starting with the US Last week, the S&P fell by 3.1% The Nasdaq Composite declined 3.5%. The Dow…
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For ease of understanding Transnational Corporation of Nigeria is a conglomerate with subsidiaries operating in the power and hospitality space. The company few days ago released its results for the financial year ended December 2024. FY 2024 numbers Revenue increased by 107%, rising to N408 billion in 2024 from N197 billion in 2023. Profit after…
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Little little patience is a single released by the rainmaker Majek Fashek Shareholders have been patient for two years running, but that patience could be wearing thin. In an unstable economy like Nigeria, cash is king. For two years running, the firm has been unable to pay a dividend because it has been running on…
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NASCON Allied Industries (Dangote Salt as it was prior known) had strong topline growth in the financial year 2024. Profit grew at a much slower pace due to higher costs. Shareholders have reason to cheer as the company hiked its dividend payout by 100%. About the firm The Company was incorporated on April 30, 1973…
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BUA Cement is one of the 3 cement companies on the NGX. It is also one of the 3 cement companies in Nigeria. It was founded Abdulsamad Rabiu. FY 2024 numbers There was a decent increase in revenue. Full year revenue came in at N876 billion. Up 47.5% from the N459 billion in 2023 At…
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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 US equity space. If you have any questions, please feel free to share. Occasionally, i veer into other asset classes. Today, being one of such days due to yesterday’s…