July 25, 2024/CSL Research In its H1 2024 earnings result, Cadbury Nigeria Plc. (Cadbury) reported a 44.5% y/y and 31.0% q/q increase in Revenue to N51.44bn from N35.61bn and N21.18bn in H1 2023 and Q1 2024 respectively. Most of this growth was driven by domestic sales, which increased to N45.74bn […]
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FBNH, ZENITHBANK Pressure Nigerian Bourse to -0.02% Loss
July 25, 2024/Cordros Report EQUITIES The local bourse extended yesterday’s loss as sell pressure on ZENITHBANK (-2.6%) and FBNH (-2.8%) caused a 0.2% decline in the NGX ASI to 100,156.96 points. Consequently, the Month-to-Date and Year-to-Date returns printed +0.1% and +34.0%, respectively. The total volume traded increased by 169.1% to 1.34 […]
SEC Charges Virginia Engineer with Orchestrating $30 Million Offering Fraud
July 25, 2024/US SEC The Securities and Exchange Commission today charged Babu Ramaraj, a resident of Aldie, Virginia, with defrauding over 70 investors of approximately $31 million through his company, DAB Inspection and Consulting Services LLC. The SEC’s complaint alleges that, from February 2019 through May 2024, Ramaraj solicited and […]
