May 15, 2025/Cordros Update Based on the rebased CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation eased by 52bps to 23.71% y/y in April (March: 24.23% y/y). On a month-on-month basis, consumer prices moderated to 1.86% (March: 3.90% m/m). Food inflation slowed by 53bps to 21.26% […]

May 8, 2025/Cordros Report Just as in previous periods, Access Holdings Plc delivered the largest gross earnings in Q1-25 (+39.0% y/y) underpinned by the group’s robust asset portfolio (NGN39.09 trillion). The group recorded a 36.3% y/y growth in interest income to NGN980.68 billion driven by the elevated interest rate environment. […]

May 2, 2025/CSL Research Financial Highlights: Interest Income: +71.5% y/y to N837.64BN Interest Expense: +35.3% y/y to N246.45BN Cost of Risk: -10bps y/y to 1.8% Cost to Income Ratio: +627bps y/y to 41.2% Profit before Tax: +9.6% y/y to N350.82BN Stock Rating: BUY Target Price: N59.69/s To read the full […]