OPINION/EDITORIAL

FX Losses and Cost Pressures Weigh on Telcos’ Profitability

March 18, 2025/CSL Research In 2024, Nigeria’s telecommunications sector saw mixed performances among its listed companies. MTN Nigeria sustained its revenue growth momentum, recording a 36.0% year-on-year (y/y) increase to ₦3.36 trillion, up from ₦2.47 trillion in FY 2023. In contrast, Airtel Africa  eported a 5.8% y/y revenue decline in […]

Rapid Response: Headline Inflation Slows to 23.18% Y/Y in February

March 17, 2025/Cordros Update Based on the rebased CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation slowed by 130bps to 23.18% y/y in February (January: 24.48% y/y). On a month-on-month basis, consumer prices fell to 2.04% (January: 10.68% m/m).

PenCom Grants PFAs Autonomy to Expedite Benefits Processing

March 17, 2025/CSL Research The National Pension Commission (PenCom) has introduced a new directive granting Pension Fund Administrators (PFAs) full authority to approve and process various retirement benefits without requiring prior approval from the Commission. Effective from 1 June 2025, this policy aims to streamline pension payments and eliminate bureaucratic […]