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The Agricultural Sector rew by 2.82% in Q2 2025

November 11, 2025/CSL Research Recent data from the National Bureau of Statistics (NBS) indicates that Nigeria’s agricultural sector expanded by 2.82% in real terms in Q2 2025, compared to 2.60% in Q2 2024. On a quarter-on-quarter basis, growth improved from 0.07%, reflecting a modest recovery. However, the sector’s contribution to […]

First HoldCo Plc 9M-25: Robust Core Income Growth Offset by Weak Non-Core Performance

October 31, 2025/Cordros Report First HoldCo Plc (FIRSTHOLDCO) published its unaudited 9M-25 results, reporting a 27.3% y/y dip in EPS to NGN10.65 (9M-24: NGN14.64). The preceding was buoyed by the 49.1% y/y decline in the HoldCo’s non-interest income. Interest income rose 40.4% y/y to NGN2.29 trillion, driven by stronger returns […]

AMCON Transfers 34% Stake in Unity Bank to Providus, Strengthening Merger Deal

September 26, 2025/Chain Reactions Rising from a court-ordered Extraordinary General Meeting (EGM) on Friday, the shareholders and Boards of Directors of Providus Bank and Unity Bank have given their resounding approval to proceed with the business combination of the two financial institutions. The nod to go ahead by the boards […]