Other News

FirstBank Set for Ethiopia, Angola, Cameroon Expansion

January 9, 2025/FirstBank of Nigeria Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to new opportunities.   More than a decade after an acquisition spree that boosted its footprint […]

MTNN Drives Nigerian Stocks to +1.3% Gain

January 9, 2025/Cordros Report EQUITIES The Nigerian stock market closed higher in today’s session as sustained interest in MTNN (+10.0%) caused a 1.3% increase in the benchmark index to 105,530.74 points, with the Year-to-Date returns settling at +2.5%. The total trading volume decreased by 36.3% to 481.69 million units, valued […]

NBS GDP & Inflation Rebasing 2025

January 9, 2025/Cordros Report The Nigerian Economic Summit Group (NESG), in collaboration with the Nigerian Bureau of Statistics (NBS), held a sensitisation workshop on GDP and CPI Rebasing earlier today (9 January). The NBS proposed; GDP Changing the base year for Real GDP computation to 2019 from 2010 Coverage of more areas […]