May 7, 2025/Cordros Report EQUITIES The Nigerian equities market extended its bullish run for the fourth consecutive session, buoyed by buying interest in banking stocks, including GTCO (+3.9%), ETI (+9.9%), and ZENITHBANK (+2.1%). Consequently, the All-Share Index rose by 0.5% to 108,849.83 points, bringing the Month-to-Date and Year-to-Date returns to […]
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Nestle Nigeria Plc Q1-25 Update: Strong Fundamentals to Drive Earnings Rebound in 2025
May 7, 2025/Cordros Report In this report, we present our outlook for NESTLE for 2025E, following a stronger than expected Q1-25 performance, characterized by lower cost and operating margins. We like that NESTLE was able to bring down its cost-to-sales ratio by 13.86ppts to 59.4% in Q1-25 (Q1-24: 73.3%). This […]
N4.7Tn Debt: Gencos Warn of a Looming Collapse of the Power Sector
May 7, 2025/CSL Research Amid growing fears of a national grid collapse due to severe liquidity constraints, the Federal Government of Nigeria has pledged urgent action to address the N4.7 trillion debt owed to electricity generation companies (Gencos), according to a Punch news report. Following a high-level meeting between Minister […]
