November 5, 2025/Cordros Report In this note, we update our estimates and outlook for NASCON Allied Industries Plc (NASCON). Revenue growth in Q3-25 was driven by measured volume expansion; however, cost of sales increased at a faster pace (+15.3% q/q) relative to revenue (+7.9% q/q). Consequently, we revise our 2025E […]
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AICIF 2025: Nigeria’s Non-Interest Capital Market Now Worth N1.6Trn – SEC DG
November 5, 2025/SEC Nigeria The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that Nigeria’s non-interest capital market has grown to a valuation of over N1.6 trillion, underscoring its expanding role in deepening financial inclusion and supporting infrastructure development.Speaking at the 7th African International Conference […]
Nestle Nigeria Plc Q3-25 Update FX Gains Cushion Margin Pressure; Earnings Recovery Intact
November 5, 2025/Cordros Report In this report, we provide an update on our views on Nestle Nigeria Plc’s (NESTLE) for the rest of the year, following the release of their 9M-25 numbers. Given that direct overheads, and brand support spending in Q3-25 have trended above our initial expectations, we have […]
