Key Takeaways:
Nigeria’s industrial goods sector showed marked improvement in 2024, with the majority of listed companies reporting stronger Earnings Per Share (EPS). Meyer Plc emerged as the top performer with an EPS of ₦59, while Beta Glass delivered the most substantial growth, more than doubling its 2023 figure to reach ₦22.71. Cement producers also recorded solid results, led by Dangote Cement with an EPS of ₦29.74, reflecting continued strength in the sub-sector.
Lafarge Africa, CAP Plc, and Berger Paints contributed to the sector’s positive momentum with positive year-on-year growth. Notore Chemical Industries, though still operating at a loss, significantly narrowed its negative EPS, pointing to a gradual operational recovery. Meanwhile, Austin Laz & Co reported a flat EPS for the second consecutive year.
FCT, Ogun, and Nasarawa consistently rank as the top three states with the highest number of road accidents.
The FCT recorded its peak accident figures in 2022, particularly in Q2 (842 cases) and Q4 (864 cases).
In Q2 and Q3 of 2024, Ogun State surpassed the FCT in the number of reported accidents.
Across these three states, there has been a notable decline in accident numbers, with an average decrease of approximately 37.6% between Q2 and Q3 2024.
