April 3, 2024/Cordros Report EQUITIES The local stock market extended yesterday’s losses driven by sell pressures on FBNH (-5.0%) and other tier-1 banks. As a result, the NGX ASI declined by 0.3% to close at 104,181.32 points. Accordingly, the Month-to-Date and Year-to-Date returns printed -0.4% and +39.3%, respectively. […]
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Monetary Aggregates Grow Despite CBN’s Policy Tightness
April 3, 2024/FBNQuest Research The Central Bank of Nigeria’s (CBN) latest data on monetary aggregates shows that domestic credit to the private sector almost doubled y/y to NGN80.7trn in Feb ‘24. This growth marks the fastest credit extension to the private sector in recent months. On a m/m basis, PSCE […]
Transcorp Group Demonstrates Robust Growth in FY 2023; Revenue Increases By 47.3%, PBT by 93.5%
April 3, 2024/Transcorp Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023. The Group achieved substantial growth in its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp reported significant year-on-year growth, […]
