October 24, 2025/Cordros Report We update our outlook and estimates for Lafarge Africa Plc (WAPCO) following the release of its 9M-25 results. The company delivered a robust performance during the period, with revenue (+62.8% y/y), EBITDA margin (+986bps y/y), and earnings (+245.9% y/y) all expanding meaningfully. These results were broadly […]
Author: InvestAdvocate
Nigerian Breweries Plc: Earnings Momentum Sustained Despite Pressures and Integration Costs
October 24, 2025/InvestmentOne Report Nigerian Breweries Plc delivered a strong performance through the first nine months of 2025, extending the earnings recovery that began in late 2024. The group posted revenue of NGN1,046.38bn, representing a 47.21% YoY increase from NGN 710.87bn in 9M:2024. This impressive growth reflects sustained pricing actions […]
Recapitalisation Reality Check: Uncovering the Truth Behind Nigeria’s Banking Boom
October 24, 2025 By Blaise Udunze When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks, especially those boasting record-breaking profits in the hundreds of billions and trillions, to sail through with ease. Their financial statements glistened with […]
