April 23, 2025/IMF The Global Sovereign Debt Roundtable (GSDR) met today and reviewed progress on the work to improve debt restructuring processes and timelines, and to help address debt vulnerabilities. Participants also discussed priority areas for the work going forward. At the end of the meeting, the International Monetary Fund […]
Author: InvestAdvocate
Nigerian Bourse Extends Bullish Run +0.5%, Driven by Banking Counters
April 23, 2025/Cordros Report EQUITIES The domestic bourse extended yesterday’s bullish sentiments following buying interest in UBA (+5.9%), FIRSTHOLDCO (+5.9%) and FIDELITYBK (+8.3%). Consequently, the NGX ASI advanced by 0.5% to close at 105,283.67 points. Accordingly, the month-to-date and year-to-date returns settled at -0.4% and +2.3%, respectively. The total volume […]
First HoldCo Plc 2024FY: Higher Funded and Non-Funded Income Boosts Profitability
April 23, 2025/Cordros Report First HoldCo Plc (FIRSTHOLDCO) recently released their 2024FY audited financial statements, recording a 115.4% y/y increase in earnings per share to NGN18.31 (2023FY: NGN8.53). We attribute this to the broad-based growth across both core (+155.9% y/y) and non-core (+27.7% y/y) income lines. The board proposed a […]
