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MTN Nigeria 2025FY: Data Demand, Tariff Adjustments, Cost Efficiencies and FX Gains Drive Earnings Recovery

February 27, 2026/Cordros Report MTN Nigeria Communications Plc (MTNN) published 2025FY audited financials yesterday (26 February) after close of business, reporting an EPS of NGN53.07 vs a loss per share of NGN19.05 in 2024FY (Q4-25: +216.7% y/y to NGN17.29). The sharp earnings recovery was underpinned by revenue growth of 54.9% […]

NGX Group Reports ₦15.6 Bn FY 2025 Profit, Declares ₦3.00 FY Dividend, 1-for-3 Bonus

February 27, 2026/NGX Nigerian Exchange Group Plc (“NGX Group” or “the Group”) reported audited results for the year ended 31 December 2025, posting double-digit revenue growth, improved operating margins, stronger liquidity and a reinforced balance sheet, underscoring earnings resilience amid a challenging macroeconomic environment. The Board of Directors approved the […]

Nigeria’s Real GDP Expands by 4.07% Y/Y in Q4-25

February 27, 2026/Cordros Update According to the National Bureau of Statistics (NBS), Nigeria’s economy grew by 4.07% y/y in Q4-25, up from 3.98% y/y in Q3-25. The growth outturn is 15bps higher than Cordros’ estimate (+3.92% y/y).   Based on the GDP breakdown provided, the oil sector growth rose to 6.79% […]