April 23, 2025/Cordros Report First HoldCo Plc (FIRSTHOLDCO) recently released their 2024FY audited financial statements, recording a 115.4% y/y increase in earnings per share to NGN18.31 (2023FY: NGN8.53). We attribute this to the broad-based growth across both core (+155.9% y/y) and non-core (+27.7% y/y) income lines. The board proposed a […]
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IMF Cuts Nigeria’s 2025 Growth Forecast to 3.0%
April 23, 2025/CSL Research The International Monetary Fund (IMF) has revised Nigeria’s 2025 economic growth forecast downward to 3.0% from the earlier projection of 3.4% in 2024. The downgrade is attributed to declining oil supply and rising global trade tensions. According to the report, the economic outlook for low-income, commodity-dependent […]
Amadou Hott Urges Mobilization of Domestic Resources & Unveils Agenda to Drive Africa’s Transformation
Hott emphasized that innovative financial instruments and regulatory reforms are crucial to facilitate this mobilization of domestic resources April 23, 2025 By Amadou Hott As part of his campaign for the presidency of the African Development Bank, Amadou Hott, the former Senegalese Minister of Economy, Planning, and Cooperation, has revealed […]
