Total PLC forecasts a post-tax deficit for the current year
In the dynamic world of Nigerian finance, several key players are making headlines. Let's delve into the latest developments in the energy sector.
AIICO, a leading insurance conglomerate, is projecting a full-year profit of N19.5 billion, building on a robust first-half performance. Meanwhile, C&I Leasing, a prominent leasing company, has secured the approval for a N15 billion bond issue from its shareholders, although specifics about the company's financial performance remain undisclosed.
The energy sector is not without its challenges. Total Energies Marketing Nigeria Plc, a major player in the industry, is grappling with eroding margins due to competition from the Dangote Refinery. This competition has led to a 22.7% increase in operating expenses for the company, reaching N17.7 billion. The company's share price, currently at N640, has decreased by 8.3% year-to-date, causing concern among analysts. Despite this decrease, the share price remains a point of discussion, with some suggesting it looks stretched.
On a more positive note, Geregu Power, under the leadership of billionaire investor Femi Otedola, is projecting profits of up to N44 billion for 2025. This represents a significant increase from the N27.4 billion recorded in 2024. The company's consistent delivery and strong dividend history have made it a market favourite. However, valuations for Geregu Power may have already priced in much of the optimism.
In related news, the T-REX 2X Long CRCL Daily Target ETF (CCUP) is now live, offering 2X exposure without directly investing in CRCL shares.
Geregu Power's success story is not unique. AIICO is also projecting a strong finish for the year, aiming for a full-year profit of N19.5 billion. C&I Leasing, despite not providing new financial details beyond the mentioned dividend and bond issue, remains a significant player in the leasing sector.
In conclusion, the Nigerian energy sector is marked by both challenges and opportunities. While Total Energies Marketing Nigeria Plc faces competition and financial hurdles, Geregu Power and AIICO show promise for the future. The introduction of innovative financial products like the T-REX 2X Long CRCL Daily Target ETF (CCUP) further underscores the sector's dynamic nature. As always, investors are advised to conduct thorough research before making decisions.
