——As Elumelu Upholds Commitment to Exceed Growth Trajectory, Create Value April 8, 2022/UBA Plc Africa’s Global Bank, United Bank for Africa (UBA) Plc, has assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory even as its efforts at business diversification across Africa and beyond continues […]
Results & Dividends
Unilever Nigeria Plc 2021FY Update: Faring Better; We Remain Cautious on Near Term Earnings
April 6, 2022/Cordros Report We hold a cautious outlook on UNILEVER in the near term, mainly due to the increasing price competition in the home and personal care (HPC) segments from listed and unlisted brands amid the tight consumer wallet. Although we like that management intends to focus on the […]
MTNN Company Update: Growth in Subscriber Base to Provide Tailwind for Expansion in Revenue
April 1, 2022/Cordros Report Recent data published by the Nigerian Communications Commission (NCC) showed that the number of telecommunication subscribers in Nigeria grew by 1.4% to 198.12 million in February 2022 from 195.46 million as of December 2021. Similarly, teledensity which measures the number of active telephone connections per 100 […]
