February 26, 2026/CSL Update Financial Highlights: Revenue: +26.0% y/y to ₦1.2Tn Cost of Sales: +18.3% y/y to ₦771.9Bn OPEX: +52.0% y/y to ₦211.7Bn EBITDA: +34.4% y/y to ₦264.5Bn Operating Profit: +34.3% y/y to ₦225.4Bn Profit After Tax: +163.8% y/y to ₦105.0Bn Stock Rating | Target Price: Under Review (Prior: Buy […]
Author: InvestAdvocate
Market Momentum Softens in Measured Pullback
February 26, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in WAPCO (-8.21%) and ZENITHBANK (-2.20%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.41% to settle at 193,567.81 points Year to date returns […]
AfDB Awards $16.6 Million Grant to IITA to Scale Agricultural Technologies in Africa
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 […]
