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Bargain-Hunting Continues as ETI, NESTLE Lift Nigerian Stocks to +1.6% Gain

May 6, 2025/Cordros Report EQUITIES Bargain-hunting activities continued today in the Nigerian equities market, with ETI (+10.0%) and NESTLE (+10.0%) lifting the bourse. Consequently, the ASI ended the session 1.6% higher at 108,361.10 points with the Month-to-Date and Year-to-Date returns settling at +2.6% and +5.3%, respectively. The total volume of […]

IMF Concludes 2025 Discussions on Common Policies of Member Countries of

May 6, 2025/IMF Economic growth continues to be strong in the WAEMU. Inflation has fallen back to its target range, and recent improvements in regional external imbalances are supporting a strong recovery in reserves. The Council of Ministers has agreed to submit for approval by Heads of State a proposal […]

PepsiCo Declares Quarterly Dividend of $1.4225 Per Share

May 6, 2025/PepsiCo The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.4225 per share of PepsiCo common stock, a 5 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to $5.69 per […]