This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent September 18, 2025/AfDB The Board of Directors of the African Development Bank Group has approved an equity investment of USD […]
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Zenith Bank Plc H1-25: Profitability Tapers Slightly Amid Lower Trading Gains
September 18, 2025/Cordros Report Zenith Bank Plc (ZENITHBANK) published its H1-25 interim financial results today (18 September). The group reported a 7.9% y/y decline in profit after tax to NGN532.18 billion (H1-24: NGN578.00 billion), translating to an EPS of NGN12.95 (H1-24: NGN18.41). Earnings momentum in H1-25 was constrained by weaker […]
United Bank for Africa Plc H1-25: Core Strength and Lower Tax Charge Sustain Profitability
September 18, 2025/Cordros Report United Bank for Africa (UBA) released its H1-25 financials, reporting a 6.1% y/y growth in PAT to NGN335.53 billion (H1-24: NGN316.36 billion). We attribute the preceding to the sustained core performance, which offset the lower non-core income recorded. Meanwhile, EPS marginally declined to NGN8.86 in H1-25 […]
