On Friday, August 23rd, the US Federal Reserve Chair, Jay Powell delivered a much awaited speech at the Jackson Hole symposium hinting at a possible interest rate cut in the coming months. According to Jay Powell, “The time has come for policy to adjust,” stating that “The direction of travel is clear, and the timing
UAC of Nigeria Plc recently released its Q2 2024 results, showing a 44% growth in pre-tax profit to N5.92 billion. This brings the company’s pre-tax profit for the first half of 2024 to N14.950 billion, representing an impressive 373% year-on-year increase. The company’s shares have experienced significant price fluctuations this year, rising to highs of
Amidst macroeconomic challenges, BUA Foods has continued to demonstrate strong financial performance, good market presence and operational strength. The company’s latest financial (Q2 2024) results reveal both impressive growth and some areas of concern, painting a mixed picture for investors. Impressive revenue growth amid cost pressures: BUA Foods reported a 110% year-on-year revenue increase, reaching N672.3