March 12, 2026/CSL Update The Central Bank of Nigeria (CBN) has issued baseline standards for automated Anti-Money Laundering (AML) solutions to strengthen the capacity of financial institutions to detect and prevent illicit financial activities. The framework requires banks, fintech companies, and other regulated institutions to deploy automated systems capable of […]
Author: InvestAdvocate
MTN Nigeria 2025FY: We Raise Our Target Price to NGN975.47; Maintain BUY
March 12, 2026/Cordros Report We update our view on MTNN following the release of its 2025FY results, which reflected a stronger operating performance, supported by ARPU growth (+45.4% y/y), subscriber net additions of 6.40 million, EBITDA margin expansion (+13.63ppts y/y), and a swing from FX losses to FX gains. For 2026E, […]
Fixed Income Review: Yield Compression Persists Amid Geopolitical Flux
March 12, 2026/Cordros Report In February, US Treasury yields experienced a broad-based rally as a bull-flattening dynamic took hold. During the month, the average yield across the US curve declined by 13bps m/m to 3.77%. This move was led by the long end of the curve, where yields fell by […]
