July 30, 2025/Cordros Report In this report, we update our position and estimates for Unilever Nigeria Plc (UNILEVER) for 2025E, following a stellar H1-25 performance. UNILEVER successfully implemented price increases across their product portfolio alongside achieving moderate volume expansion. This translated into a 53.5% y/y increase in revenue generated in […]

July 30, 2025/CSL Research Financial Highlights: Interest Income: +51.7% y/y to N1.44TN Interest Expense: +23.1% y/y to N532.58BN Cost of Risk: +190bps y/y to 4.2% Cost to Income Ratio: +360bps y/y to 50.5% Profit before Tax: -13.6% y/y to N356.1BN Stock Rating: UR First Holdco’s unaudited H1 2025 results showed […]

July 30, 2027/Cordros Report NASCON Allied Industries Plc (NASCON) released their Q2-25 unaudited financials today (30 July), reporting an earnings per share (EPS) of NGN11.87, up from NGN5.35 in Q2-24. This brings H1-25 EPS to NGN11.54, a significant increase from NGN3.59 recorded in H1-24. The Q2-25 performance was underpinned by […]