April 23, 2026/Cordros Report EQUITIES The domestic bourse maintained its bullish momentum as buying interest in BUAFOODS (+7.9%), DANGCEM (+2.4%), and ZENITHBANK (+3.5%) drove a 1.5% increase in the All-Share Index to 222,837.68 points. As a result, the Month-to-Date and Year-to-Date returns settled higher at +10.7% and +43.2%, respectively. The […]
Author: InvestAdvocate
Nigeria’s Booming Growth Leaves Citizens Trapped in Deeper Poverty
April 22, 2026 By Blaise Udunze With the chanting of the ‘Renewed Hope’, it appears to be Uhuru in Nigeria, following the recent World Economic Outlook presented by the International Monetary Fund, which projected that Nigeria’s economy would expand by 4.1 percent in 2026. Though this specifically shows an economy […]
BUA Cement Plc 2025FY Update: Pricing to Drive Earnings; Premium Valuation Unjustified
April 22, 2026/Cordros Report We update our 2026E estimates for BUA Cement Plc (BUACEMENT) following the release of its 2025FY results. During the period, the company reported revenue growth of 34.6% y/y, largely price-driven amid volume softness, alongside a 16.75ppts y/y expansion in adjusted EBITDA margin to 47.8% and EPS growth […]
