Category Archives: Uncategorized

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 [...]

FBN HOLDINGS PLC UNAUDITED FY’23 EARNINGS – Propelling loan growth amidst regulatory shifts

Analyst: Olumide Sole*Target price: ₦29.00Rating: HOLD FBNH released its Q4’23 results, showing a 106% y/y jump [...]