Cordros Capital reviews Nigeria’s economic outlook 2020
The intersection of global and domestic developments has had a weighty impact on the Nigerian economy, and by extension, the Nigerian capital market in the first half of the year. As a background to our view of the domestic economy…
Expect turbulent domestic capital markets in Nigeria, others in 2020—Cordros
Leading capital market investment group, Cordros Capital Group, has envisaged turbulence across emerging markets capital markets, saying “In our view, we are entering a more challenging investment landscape in 2020.” “This is because, the combination of a lack of market-friendly…
GTBank on trajectory to post strong full year financial earnings—Cordros Capital
Leading corporate financial performance analysis group and stock market pundit, Cordros Capital, has projected that “GTBank’s result is strong, and should lead to the bank posting equally strong FY-19.” The group said in its latest market report that “We are…
Dangote Cement grosses growth in EPS due to drop in NFC, effective tax rate
The latest Q2 2019 updated results of Dangote Cement has shown a 44.5% y/y growth in EPS due to declines in net finance cost (-71.5% y/y) and the company’s effective tax rate (-23.9 ppts y/y). However, a new assessment report…
Lafarge Africa’ll bounce back to profitability after disengaging LSAH—Cordros
Leading market analyst and investment advising group, Cordros Capital has welcomed the management decision of cement giant, Lafarge Africa Plc to divest from Lafarge South Africa Holdings Limited (LSAH), which is expected to be completed at the end of July…
Endless killings across Northern food producing states aiding inflation—Cordros
Cordros Capital Group forecast has given fresh angle to the latest headline inflation in Nigeria which rose by 2bps to 10.40% y/y in May. In its report made available to Business Hilights weekend, Cordros Capital noted that “While the core…
Q1 2019 reveals Total’s first quarterly loss on record as PAT drops by 128% y/y
Just published Total Nigeria’s 2019 Quarter one results has displayed some percentage of drop in success with Profit After Tax (PAT) declining by 128.4% year-on-year (y/y). This forced the energy giant to post its first quarterly loss on record as…
Deep pocket decisions on Nigerian economy last week ending June 30, 2018
The week in review kicked off penultimate Monday with the Federal Government, through the Debt Management Office (DMO), announcing it intends to raise up to USD2.8 billion (N899bn) in Eurobonds, as part of its plan to finance the 2018 budget,…
