July 24, 2024/GCR Ratings GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG), respectively, accorded to Dangote Cement Plc. Concurrently, GCR has affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Cement Plc’s existing Senior Unsecured Bonds. The N3.6bn […]
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Unilever Nigeria Plc Q2-24: Cost Pressures Triggers Earnings Revision
July 24, 2024/Cordros Report In this report, we provide an updated view on Unilever Nigeria Plc (UNILEVER) for 2024FY following a review of its Q2-24 results. UNILEVER’s topline has remained sturdy driven by higher pricing and increasing volumes, despite the weak macroeconomic backdrop. Elevated cost pressures from naira devaluation and […]
CBN Communiqué No. 153 of the MPC Meeting, July 22 – 23, 2024
July 23, 2024/CBN The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 296th meeting on July 22nd and 23rd, 2024, to review recent economic and financial developments and assess risks to the outlook. Eleven members attended the meeting. Decisions of the MPC The Committee’s decisions […]
