February 29, 2024/Cordros Report Lafarge Africa Plc (WAPCO) released its 2023FY audited financials today, reporting an EPS of NGN3.17 (2022FY: NGN3.33). The decline in the company’s EPS is attributable to the higher net FX losses (+84.0% y/y) and tax payments (+83.6% y/y) for the year, majorly due to its expired […]
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Seplat Energy Names Udoma Udoma Independent Non-Executive Chairman, Bello Rabiu Senior Independent Non-ED
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 […]
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’ […]
