In Your Interest
October 29, 2024/Cordros Report EQUITIES Profit-taking activities continued today in the Nigerian equities market, with TRANSCORP (-7.4%), ACCESSCORP (-4.7%) and BUACEMENT (-1.0%) weighing down the bourse. Consequently, the ASI ended the session 0.7% lower at 98,058.07 points. Thus, the Month-to-Date and Year-to-Date returns settled at -0.5% and +31.1%, respectively. The total […]
October 29, 2024/CSL Research Industry data from the Nigerian Communications Commission (NCC) indicates a significant drop in active mobile subscriptions during the third quarter of 2024. The total number of active subscriptions declined by 16 million or 9.36% to 154.90 million in September, down from 170.90 million in June 2024. […]
October 29, 2024/Cordros Report BUA Cement Plc (BUACEMENT) published Q3-24 unaudited financials yesterday (28 October) after COB, reporting a standalone EPS of NGN0.43 (+18.2% y/y), bringing the 9M-24 EPS to NGN1.45 (9M-23: NGN2.25). The higher EPS print was driven by a 91.2% y/y surge in revenue. Revenue surged by 91.2% y/y […]