March 5, 2024/Cordros Report EQUITIES The Nigerian equities market extended yesterday’s positive sentiment following bargain hunting in FBNH (+9.9%) and TRANSCORP (+10.0%). Specifically, the All-Share Index notched a 0.4% gain to close at 99,190.46 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.8% and +32.7%, respectively. The total volume […]

March 5, 2024/Cordros Report NASCON Allied Industries Plc (NASCON) released its 2023FY audited results yesterday (04 March), reporting a remarkable 151.0% y/y growth in 2023FY EPS to NGN5.18 (2022FY: NGN2.06). The outturn was driven by the marked revenue print (+37.5% y/y). NASCON’s board proposed a bonus issue of two (2) […]

March 4, 2024/United Capital Research Kindly see below company dividend declarations as at Friday, 01-March-2024.  S/N Company Bonus Dividend/Share Dividend Yield Type Period Qualification Dates Closure of Register Payment Date 1 BUA Cement Plc – ₦2.00 1.5% Final Dividend 31-Dec-23 9-Aug-24 12-Aug-24 29-Aug-24 2 Dangote Cement Plc – ₦30.00 4.4% […]