In this limited trading window, investors once again took profits off the banks – most predominantly GTCO (-13.8%), FBNH (-11.2%) and ZENITHBANK (-5.9%). Accordingly, the All-Share Index declined by 1.1% w/w to close at 102,314.56 points April 12, 2024/Cordros Report Global Economy According to the Bureau of Labor Statistics (BLS), […]
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Dangote Cement Plc Opens Series 13 & 14 Commercial Paper Offer
April 12, 2024/Futureview Research Dangote Cement PLC (“Dangote Cement” or the “Company”) has announced the launch of Series 13 & 14 Commercial Paper offer of up to ₦100 billion under its ₦300 billion Commercial Paper Issuance Programme (the “Offer”). The Offer is NOW OPEN and scheduled to close on Tuesday, […]
GTCO 2023FY: Surge in FX Revaluation Gains Drive Bottomline Growth
April 12, 2024/Cordros Report Guaranty Trust Holding Company Plc (GTCO) published its 2023FY audited financials on Monday (08 April), in which the Holdco reported a 220.5% y/y surge in EPS to NGN19.07 (2022FY: NGN5.95) supported by both funded and non-funded income lines. For context, non-funded income was propelled by the […]
