April 23, 2024/Cordros Report This report provides our updated view of Unilever Nigeria Plc (UNILEVER) for 2024E. While UNILEVER reported strong topline growth (+57.8% y/y) in Q1-24, elevated cost pressures and higher operating expenses derailed gains from improved revenue, leading to significant contractions in gross (-571bps to 41.8%) and operating […]
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Flour Mills of Nigeria to Hold Court-Ordered Meeting on May 15, 2024
April 22, 2024/NGX Notice Of The Court Ordered Meeting Published on Friday, 19 April 2024. Flour Mills of Nigeria Plc wishes to notify the holders of the fully paid-up ordinary shares to consider and, if thought fit, approve (with or without modification) a Scheme of Arrangement proposed to be entered […]
Total Domestic Debt Stock Rise to N59.1Trillion in Q4 2023
April 22, 2024/FBNQuest Research As of Q4 2023, Nigeria’s domestic debt stock rose by 6% q/q to NGN59.1trn, according to the Debt Management Office (DMO). On a y/y basis, total domestic debt more than doubled. The sharp y/y rise in the FGN’s debt profile can be attributed to the inclusion […]
