May 14, 2026/SEC Nigeria The Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being promoted across social media platforms, saying many of them exhibit characteristics of Ponzi and prohibited investment operations. In a public notice issued on Thursday, the Commission said its attention […]
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MTN Nigeria Q1-26 Update: Investment Case Remains Intact; TP Raised to NGN1,047.85
May 14, 2026/Cordros Report We revise our 2026E estimates for MTNN following its Q1-26 earnings release. Specifically, we raise our 2026E revenue growth forecast to 24.0% y/y (Prev: +22.6% y/y), reflecting stronger subscriber momentum across both voice and data, with net adds now projected at 7.83m and 4.77m, respectively (Prev.: +5.71m […]
Market Closes on a Softer Note as Equities Slip Marginally
May 14, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in ZENITHBANK (-0.69%) and WAPCO (-0.26%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.10% to settle at 252,243.11 points Year to date returns […]
