NGX

PaprSwing Equity Research | Nigeria — Report date: July 12, 2026 | Benchmark: NGX All-Share Index 243,954.45 (Jul 10, 2026; +56.77% YtD) | Analyst: Babatunde Aloba Macro Backdrop — CardinalStone 2026 Mid-Year Outlook: Key Takeaways Recommendation Summary Company (Ticker) Rec. Price (N) 12-Mo Target (N) Upside Div. Yield Outlook Theme MTN Nigeria (MTNN) BUY 780.00…