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Systemically Weak Banks Put Nigeria’s $1Trillion Ambition at Risk

April 26, 2026 By Blaise Udunze Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of Nigeria under the leadership of Olayemi Cardoso.  About N4.65 trillion ($3.38) has been raised. Balance sheets have been strengthened, at least […]

BUA Cement Plc Q1-26: Earnings Surge on Revenue Growth and EBITDA Margin Expansion

April 24, 2026/Cordros Report BUA Cement Plc (BUACEMENT) released its Q1-26 unaudited financials yesterday (23 April), reporting a 117.4% y/y surge in EPS to NGN5.21 (Q1-25: NGN2.40). The expansion in earnings was driven by a 22.1% y/y growth in revenue, a muted increase in cost of goods sold (+0.5% y/y), and a […]

Zenith Bank Plc 2025FY: Provisioning Tailwind to Materially Bolster Profitability

April 24, 2026/Cordros Report In this update, we present our 2026E outlook for Zenith Bank Plc (ZENITHBANK) following the release of its 2025FY results. Our thesis for ZENITHBANK in 2026E centres on our expectations of a decline in credit costs, reflecting improved asset quality and already elevated coverage levels. Specifically […]