May 6, 2024/United Capital Research Global Markets: The Fed Kept its Benchmark Interest Unchanged Last week, the global equities market closed on a mixed note amid a slate of earnings news and market-moving economic releases. In the US, the performance of the mega cap stocks significantly impacted the overall index […]
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Fitch Raises Nigeria’s Debt Rating Outlook to Positive
May 6, 2024/CSL Research Fitch Ratings has revised the outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at ‘B-‘. According to the Fitch report, the positive outlook partly reflects reforms over the last year to support the restoration of macroeconomic stability […]
Zenith Bank Plc Q1-24: Stellar Core Income Growth Boost Net Earnings
May 6, 2024/Cordros Report Zenith Bank Plc (ZENITHBANK) published its Q1-24 unaudited financial report last Friday, revealing a significant increase in gross earnings (+189.1% y/y) and net profit (+291.4% y/y) during the period. As a result, the bank’s EPS in Q1-24 settled at NGN8.22 (+291.4% y/y vs NGN2.10 in Q1-23) […]
