May 8, 2025/Cordros Report ZENITHBANK’s Q1-25 results aligned with our expectations. The bank recorded a 20.7% y/y growth in profit after tax as the strong core growth of 71.5% y/y offset the 67.1% y/y decline in non-core income. For 2025E, we forecast a 34.8% y/y growth in funded income (previously: […]
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Intraday Update: Nigerian Stocks Inch Up +0.14%, Buoyed by Blue Chips
May 8, 2025/InvestmentOne Update ASI as at 12.00pm: +0.14% Top Gainers and Losers: CILEASING (+9.87%), ACADEMY (+9.78%), LEGENDINT (-8.50%) and REGALINS (-8.33%). Sector Performances: Banking (+0.64%), Consumer Goods (-1.13%), Oil & Gas (-0.13%) and Industrial. Market activity: In today’s trade, total volume and value declined by 20% and 10% respectively […]
United States Fed Holds Policy Rate at 4.25%-4.50%
May 8, 2025/CSL Research The United States Federal Reserve held its benchmark interest rate steady at 4.25% to 4.50% following its two-day Federal Open Market Committee (FOMC) meeting on May 7, 2025. This marks the third consecutive meeting since the end of 2024 in which the Fed has opted to […]
