November 1, 2021/Cordros Report ZENITHBANK released its 9M-21 interim financial report last Friday (29 October), which was in line with expectations. The report showed that the bank recorded relatively weaker core income growth over the period, on a year-on-year basis. Nonetheless, overall bottom line performance was supported by improvements in funding […]

October 29, 2021/Cordros Report NASCON published its Q3-21 unaudited financials after market close yesterday. The result showed that Q3-21 standalone PAT grew by 20.4% y/y to NGN965.16 million with EPS settling at NGN0.36/share, bringing 9M-21 EPS to NGN0.91/share (+5.5% y/y).  The PAT growth was supported by higher operating income (+296.7% y/y).   […]

October 29, 2021/CSL Research Based on its recently released 9M 2021 results, Dangote Cement recorded a solid 34.2% y/y growth in Revenue to N1.02tn in 9M 2021 from N761.4bn in 9M 2020. In Q3 2021 standalone however, the performance was quite uninspiring relative to Q2 2021 as Revenue was down […]