Dangote Petroleum Refinery and Petrochemicals (“DPRP” or the “Enterprise”) has noted with concern the recent circulation of unauthorised information across various media and social platforms regarding a potential Initial Public Offering (“IPO”). DPRP further notes that several online platforms and unofficial sources have published unverified, and in some instances inaccurate, […]
Updates
Nigerian Stocks Trade Bearish as Indices Dip -0.1% Week-on-Week
The domestic stock market traded on a bearish note this week, primarily driven by losses in MTNN (-5.3%), ZENITHBANK (-6.4%), FIRSTHOLDCO (-4.7%), and UBA (-2.1%). Consequently, the All-Share Index declined by 0.1% w/w to 200,913.06 points, bringing month-to-date and year-to-date returns to +4.2% and +29.1%, respectively. March 27, 2026/Cordros Report […]
FGN Bond Auction Expectation for 30 March 2026
March 27, 2026/Cordros Update The DMO is scheduled to conduct an FGN Bond primary market auction on Monday, 30 March, comprising the reopening of the AUG 2030, JUN 2032 and MAY 2033 bonds, with offer sizes of NGN250.00 billion, NGN200.00 billion, and NGN300.00 billion, respectively. Please see our expectations below
