Headquarters and logo of Dangote

Dangote Cement Plc:

  • A Pan-African multinational positioned to take advantage of infrastructural deficit in Africa
  • Solid distribution network, attractive returns and profit margins in Nigeria bode well for the group 

Logo of Niger Delta Exploration & Production Plc, an oil and gas company quoted on the Nigerian Stock Exchange

Oil tank of Seplat, an oil and gas company quoted in Nigeria and London


The mast and logo of MTN Nigeria, a renowned telecommunication company in Africa and the Middle East

Houses constructed by Afriland Properties Plc

Houses built by UBN Property Co. Plc

Service station of Ghana Oil Company Limited

Recent Reports



Champion Breweries turned the corner after years of losses

Logo Champion Breweries, a quoted brewery in NigeriaProfitability was restored in 2015; operating profit was NGN154.5 million in 2015 compared to operating losses of the earlier years. Profit Before Tax (PBT) and Profit After Tax (PAT) were NGN248.4 million and NGN77.1 million respectively in 2015. At present, CHAMPIONprovides brewing services to Nigerian Breweries Plc, a member of the Heineken group and the largest brewing company in Nigeria.

Vitafoam broadened its product portfolio to improve profitability

Logo of Vitafoam Plc, a maker of foam and allied products in Nigeria.Revenue has grown annually at a Compound Annual Growth Rate (CAGR) of 1.9% over the past three years. Nigeria produced a revenue increase of 2% (on a three-year CAGR basis) while operations outside Nigeria lost 37.9% on a three-year CAGR basis. Revenue from Foam, its flagship product, was NGN15.4 billion up from NGN11.7 billion, gaining 31.7%.


Omoluabi Mortgage Bank grew earnings against the backdrop of  huge leap in investment income

Logo of Omoluabi Mortgage Bank PlcOMOLUABI enjoys financial support of the Federal Mortgage Bank of Nigeria (FMBN) by procuring loans which it lends to qualified National Housing Fund (NHF) beneficiaries. We expect this to boost its capacity to grant more loans as the government embarks on creation of more housing units in the country by injecting  more funds into  FMBN.


McNichols: Liquid and growing shareholders' fund

Logo of McNichols Consolidated Plc, food products producer in Nigeria.Though revenue dipped 11.6% year-on-year, it has grown by 23% on a 3-Year Compound Annual Growth Rate (CAGR) basis. Cost to turnover ratio rose to 84.9% from 82.6% of the previous year, 2016. Despite an 18% decrease in operating expenses, operating profit dropped to NGN47.1 million from NGN69.8 million, losing 32.4% in a year.


UBA: Leveraging on its foothold in Africa to deliver strong earnings growth

Logo of a foremost bank in Nigeria called UBAUBA has a strong distribution network in Nigeria from where it derives roughly 76% of its revenue and 78% of its Profit After Tax (PAT). We believe that UBA has a fair share of the market and should be able to maintain it in the longer term.


Neimeth embarks on research and capacity upgrade to improve product portfolio and drive down costs

Logo of Neimeth, a pharmaceutical company that supports local researchers.Capital spending has been on the rise; the company spent cash of NGN223 million on capital in the period under review (2016: NGN120.1 million). In addition, its collaboration with local researcher should encourage the use of local materials and drive down its costs; also, it would help it find its niche in the pharmaceutical industry in Nigeria.


NASD OTC Exchange-Nigeria



The photo of the MD of Central Securities Clearing System Plc and the company's logo




A branch of Societe Generale Bank Ghana

The logo of Fan Milk Ghana


South Africa



Office of Accelerate Property Fund in South Africa

Research laboratory of Adcock Ingram Holdings with scientific equipment