March 16, 2026/FirstBank of Nigeria The dream by Nigerians of homeownership is taking a bold new turn and those who move early will gain the most. Through a strategic partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), First Bank of Nigeria Limited is unlocking access to […]
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Lafarge Africa Plc 2025FY Update: Expect Negative Free Cashflow in 2026E; Downgrade to HOLD
March 16, 2026/Cordros Report In this note, we update our 2026E estimates and outlook for Lafarge Africa Plc (WAPCO) following the release of its 2025FY results and subsequent management engagement. A key takeaway from the company’s earnings call was management’s confirmation that the 4.50MTPA capacity expansion at the Sagamu and Ashaka plants has commenced, […]
CBN Prepared to Support the Naira amid Global Risk-Off Sentiment
March 16, 2026/CSL Update The Central Bank of Nigeria (CBN) has indicated that it has prepared contingency measures to stabilise the Naira should the currency come under pressure from global market volatility triggered by tensions in the Middle East. According to a Bloomberg report, Deputy Governor Muhammad Sani Abdullahi disclosed […]
