The African Development Bank’s Director General for Nigeria, Dr Abdul Kamara, and IITA Director General, Dr Simeon Ehui, jointly sign the $16.61 million TAAT‑III grant agreement in Abuja. Image Credit: AfDB The agreement, signed on 18 February 2026 in Abuja, bolsters a shared commitment to modernise African agriculture by scaling […]
Author: InvestAdvocate
Lafarge Africa Delivers Strong Earnings Growth in FY 2025
February 26, 2026/CSL Update Financial Highlights: Revenue: +53.0% y/y to ₦1.1tn Cost of Sales (ex-dep): +29.1% y/y to ₦416.7bn OPEX (ex-dep): +43.1% y/y to ₦227.0bn EBITDA: +92.0% y/y to ₦426.9bn Operating Profit: +103.2% y/y to ₦392.1bn Profit Before Tax: +169.7% y/y to ₦411.3bn Stock Rating: BUY | Target Price: 214.4/s […]
Nigerian Equities Loss -0.4%, Dragged by Bellwether Counters
February 26, 2026/Cordros Report EQUITIES The Nigerian equities market ended today’s session on a bearish note, as losses in WAPCO (-8.2%), TRANSCORP (-7.3%), and ZENITHBANK (-2.2%) dragged the All-Share Index lower by 0.4% to 193,567.81 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +17.1% and +24.4%, respectively. The total […]
