Why Nigerian Breweries reported decent Q4-19 upon operating challenges
Leading capital market analyst group, Cordros Securities has given insights on why the Nigerian Breweries reported a decent Q4-19 result despite the challenging operating environment. The new report showed that the company’s revenue growth hit a nine-quarter high, and gross…
Nigerian economy shocks W’Bank, IMF grows 2.28% y/y in Q3-19
Amidst dwindling fortunes of businesses in Nigeria over harsh operating environment and new high tax regimes, Nigeria’s economic growth strengthened in Q4-2019, driven by sharper than expected growth in non-oil GDP. According to the National Bureau of Statistics (NBS), GDP…
Cordros Securities reacts to new ministerial policy on SIM card registration, usage
Leading financial market research group, Cordros Securities have reacted to the recent directive to the Nigerian Communications Commission (NCC) by the Minister of Communications and Digital Economy, Dr Isa Pantami on policy reversal bordering on SIM card registration and usage…
2020 Cordros outlook for commercial banks depicts uncertainty, fears
Whereas facts and figures in the nation’s banking sector growth in 2019 remained resilient through tumultuous periods, 2020 will usher in fresh phase, wherein industry players are legislated to transact in the more traditional business of banking. Otherwise, activities in…
From 11.85%, experts see inflation hitting 12.05 for December if…
Whereas the negative impacts of border closure on Nigeria’s food prices has pushed November’s headline inflation to 11.85% y/y – the highest since May 2018, analysts as Cordros Securities say “We expect festive induced demand, coupled with the impact of…
Five factors that will make or mar brewing sub-sector in 2020
Fresh outlook for the Nigerian Consumer Goods Sector, with a key focus on the Brewers by Cordros Securities has identified four factors that will shape the Nigerian brewing industry from next year. In a new report made available to our…
Why CBN kept rates unchanged at November MPC meeting—Rewane, Cordros
Leading economic analysts and development pundits have given insights on why the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), rose from its November meeting Tuesday to retain the previous standing of all rates. In his assessment, Chief executive…
Cordros Securities reviews performance, sees bright future in cement sector
Leading stock market and equities performance analyst group, Cordros Securities Thursday published a report detailing corporate performances in the Nigerian cement sector and gave on company basis, activities in market since this year. The report revealed what Cordros Group saw…
Cordros Securities sees growth potentials on NASCON offerings
Leading stock and capital market analysts group, Cordros Securities Thursday said it has initiate coverage on NASCON Allied Industries (NASCON) with a ‘Buy Rating’ and a one-year TP of NGN25.97. This, according to a statement made available to Business Hilights,…
