March 27, 2025/CSL Research The February 2025 Gas Production Status Report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicates that Nigeria’s total gas production for the month was 197,131.88 million standard cubic feet (MMscf), 2.44% year-on-year (y/y) higher than 192,430.74 MMscf recorded in February 2024. The breakdown of gas […]
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ZENITHBANK FY 2024: Solid Growth Amid Rising Costs
March 27, 2025/CSL Research Zenith Bank’s FY 2024 audited numbers showed a strong 137.7% y/y growth in Interest Income driven by growth in Interest Income on both Net Loans and Investment Securities. Net Loans to Customers grew 52.0% y/y, inclusive of the impact of devaluation on foreign currency loans. Interest […]
Bears Resurface as Nigerian Bourse Loss -0.1%, Dragged by MTNN, ZENITHBANK
March 26, 2025/Cordros Report EQUITIES Bearish sentiments resurfaced in the Nigerian equities market, halting a three-day winning streak, as sell-offs in MTNN (-2.7%) and ZENITHBANK (-1.1%) dragged the All-Share Index down by 0.1% to 105,475.38 points. Sequentially, the Month-to-Date and Year-to-Date returns settled lower at -2.2% and +2.5%, respectively. The […]
