June 3, 2026/Cordros Report In this note, we update our 2026E estimates and outlook for Lafarge Africa Plc (WAPCO) following the release of its Q1-26 results. We now forecast 2026E revenue growth of 33.2% y/y (Prev.: +26.1% y/y), alongside EBITDA margin expansion of 396bps y/y to 44.0% (Prev.: +10bps y/y to 40.1%) […]
Author: InvestAdvocate
IFC, NGX Group, LCCI Unveil Nigeria Gender Country Program at CEO Roundtable
June 3, 2026/NGX The International Finance Corporation (IFC), Nigerian Exchange Group (NGX Group), and the Lagos Chamber of Commerce and Industry (LCCI) have unveiled the Nigeria Gender Country Program (NGCP) at a high-level virtual CEO Roundtable convened to advance private sector action on gender equality and inclusive economic growth. The […]
Nigerian Bourse Post Third Straight Loss -1.4%, Dragged by Losses in Bellwether Counters
June 3, 2026/Cordros Report EQUITIES The domestic bourse posted its third consecutive loss as the losses in MTNN (-7.0%), WAPCO (-10.0%), and FIRSTHOLDCO (-6.8%) drove a 1.4% decline in the All-Share Index to 243,132.61 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -2.9% and +56.2%, respectively. The total […]
