October 31, 2024/Cordros Report Zenith Bank Plc (ZENITHBANK) released their 9M-24 unaudited financials at the close of business yesterday (30 October), reporting a 90.6% y/y growth in EPS to NGN26.34 (9M-23: NGN13.82), driven by the expansion across the funded (+190.2% y/y) and non-funded (+41.0% y/y) income lines. Interest income advanced […]
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NASCON Allied Industries Plc Q3-24: Rising Cost Pressures Weigh on Margins and Earnings
October 31, 2024/Cordros Report NASCON Allied Industries Plc (NASCON) published their unaudited Q3-24 financials today, in which the company reported a standalone EPS of NGN6.09 (Q3-23: NGN7.26), with 9M-24 EPS settling at NGN4.42 (9M-23: NGN5.54). The EPS decline reflects a substantial increase in cost of sales (+114.0% y/y) during the […]
Malawi Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa
This key milestone reflects the Fund’s growing support across Africa, bringing the total number of participating countries in FEDA to eighteen October 31, 2024/Afreximbank The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank), has announced the Republic of Malawi’s accession to […]
