Author Archives: R. Daniels Chidozie

February 2024 Inflation review – Inflation nudges to 31.7%, a new 27-year high

Analyst: Ibukun Omoyeni*i.omoyeni@vetiva.com Inflation nudges to 31.7%, a new 27-year high Headline inflation rose by [...]

LAFARGE AFRICA PLC FY’23 Earnings Release – Higher prices masks weak volumes

Analyst: Abigail Alabi* a.alabi@vetiva.com Target price: ₦42.63 Rating: BUY Lafarge recently released its audited result, [...]

MTN NIGERIA COMMUNICATIONS PLC FY’23 Earnings Release – Topline maintains growth trajectory

Analyst: Victoria Ejugwu* v.ejugwu@vetiva.com Target price: ₦254.86 Rating: BUY MTNN’s full year performance came in [...]

SEPLAT ENERGY PLC FY’23 – Performance mixed on higher opex, FX losses

Analyst: Victoria Ejugwu*v.ejugwu@vetiva.comTarget price: ₦2,102 Recommendation: SELL Topline expands on improved outputAmidst lower oil prices [...]

MPC awakens the hawks in first meeting of the year

Ibukun Omoyeni*i.omoyeni@vetiva.com The Monetary Policy Committee (MPC) gave its first policy direction under the chairmanship [...]

Initiation of Coverage – Transcorp Power PLC

We initiate coverage of TRANSCORP Power PLC (TPP) with a BUY recommendation and a target [...]