May 11, 2026/Dangote Group The President/Chief Executive of Dangote Group, Aliko Dangote has held a high-level meeting with Nicolai Tangen, the Chief Executive Officer of Norges Bank Investment Management, the world’s largest sovereign wealth fund manager, overseeing assets valued at approximately $1.9 trillion. At the meeting, the Norwegian investment institution […]
Author: InvestAdvocate
FY’26 Airtel Africa Maintains Strong Growth Trajectory Amid Improving Profitability
May 11, 2026/CSL Report Financial Highlights: Revenue: +29.5% y/y to US$6.4bn Direct Network Operating Costs: +21.5% y/y to US$1.2bn OPEX: +22.3% y/y to US$2.1bn EBITDA +38.2% y/y to US$3.2bn Operating Profit: +45.2% y/y to US$2.1bn Profit before Tax: +114.7% y/y to US$1.4bn Stock Rating: Buy Target Price: N4,096.2/s Airtel Africa […]
Nestle Nigeria Plc Q1-26 Update: Strong Cost Dynamics to Anchor Earnings Resilience
May 11, 2026/Cordros Report We update our outlook on Nestle Nigeria Plc (NESTLE) for 2026E following the release of its Q1-26 unaudited results. Earnings performance was driven by revenue growth (+10.6% y/y) and a sharp decline in net finance costs (-92.8% y/y) amid. The sharp decline in net finance costs […]
