February 29, 2024/Seplat Energy Seplat Energy, a leading Nigerian energy company dual listed on both the Nigerian Exchange Limited and the London Stock Exchange, is pleased to announce the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman to succeed Mr. Basil Omiyi who will retire […]
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Q4-23 GDP: Real GDP Improves on Oil Sector Growth
February 29, 2024/Cordros Report According to the recently released GDP report by the Nigerian Bureau of Statistics (NBS), the domestic economy maintained its growth trajectory for the third consecutive quarter as real GDP grew by 3.46% y/y in Q4-23 (Q3-23: +2.54% y/y). The growth outturn is 72bps higher than Cordros’ […]
Nigerian Bourse Gains +0.7% Driven by Blue Chips
February 29, 2024/Cordros Report EQUITIES The domestic bourse recorded its first positive performance of the week as gains in GTCO (+10.0%) and ZENITHBANK (+7.9%) offset the loss in NESTLE (-9.1%). As a result, the NGX ASI increased by 0.7% to settle at 99,980.30 points. Accordingly, the Month-to-Date and Year-to-Date returns […]
