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BUA Cement Plc 2025FY Update: Pricing to Drive Earnings; Premium Valuation Unjustified

April 22, 2026/Cordros Report We update our 2026E estimates for BUA Cement Plc (BUACEMENT) following the release of its 2025FY results. During the period, the company reported revenue growth of 34.6% y/y, largely price-driven amid volume softness, alongside a 16.75ppts y/y expansion in adjusted EBITDA margin to 47.8% and EPS growth […]

JRB 159th Meeting: Sanwo-Olu Commends LIRS, Seeks Autonomy for State Tax Agencies

… says IGR driving Lagos development April 22, 2026/LIRS Lagos State Governor,  Mr Babajide Sanwo-Olu, on Wednesday commended the performance of the Lagos State Internal Revenue Service (LIRS), describing it as a critical driver of the state’s economic growth, while calling for greater autonomy for tax agencies across the country. […]

How the Middle East War Has Affected Oil Exporters and Importers

(Credit Alexander Farnsworth/iStock by Getty Images) Countries face vastly different exposure to higher oil prices and supply uncertainty, shaped by whether they import or export, and how much policy space they have to respond April 22, 2026/IMFBlog By Carlos Guevara, Andrew Mayeda, Ken Nakagawa, Andrew Stanley The war in the Middle East has […]