African institutions and global credit rating agencies reaffirmed their commitment to developing a fair, transparent, and inclusive credit rating ecosystem for Africa April 30, 2025/AfriCatalyst With more than 30 African countries subject to sovereign credit ratings, the decisions of global rating agencies significantly impact debt sustainability and access to international […]
Author: InvestAdvocate
First HoldCo Plc Q1-25: Fair Value Losses Weigh on Profitability
April 30, 2025/Cordros Report First HoldCo Plc (FIRSTHOLDCO) published their Q1-25 unaudited financials yesterday (29 April), reporting an earnings per share of NGN4.72 (Q1-24: NGN5.76). We attribute the decline to the lower non-interest income (-60.0% y/y) recorded during the period. FIRSTHOLDCO recorded a 40.2% y/y growth in interest income to […]
Cement Sector Begins 2025 on a Strong Note
April 29, 2025/CSL Research The cement industry kicked off 2025 on a robust note, delivering impressive financial results in the first quarter. Total Revenue for all listed cement producers surged by 37.4% year-on-year (y/y) to ₦1.53 trillion, up from ₦1.12 trillion in Q1 2024. This topline growth was largely driven […]
