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 […]

April 23, 2025/Cordros Report United Bank for Africa Plc (UBA) published its Q1-25 interim financials today (April 23), recording a 35.1% y/y growth in EPS to NGN5.35 (Q1-24: NGN3.96). The expansion in the group’s earnings was underpinned by impressive growth across its core (+36.1% y/y) and non-core (+44.2% y/y) income […]

April 22, 2025/InvestmentOne Report Total revenue for Q1:2025 reached NGN383.64 billion, marking a substantial 68.91% increase over the NGN227.12 billion recorded in Q1:2024. This growth comes on the heels of Nigerian Breweries’ record-breaking NGN1,084.44 billion full-year 2024 revenue, which had grown by 80.85% from NGN599.64 billion in 2023.  Despite this […]