Latest in
By Seun Ibiyemi The Nigerian equities market rebounded from previous day’s with a N30 billion gain for investors at the close of trading on Thursday. This followed a surge in the share prices of stocks like African Prudential Insurance, Guinea Insurance and DAAR communication amongst others on the trading floor. After five hours of trading ...
Oando Plc has informed its shareholders and the public that it will not be able to release its 2024 Audited Financial Statements (2024 AFS) by the regulatory deadline of 31 March 2025, as stipulated under Rule 1.1.4 of the NGX Rulebook on the Filing of Accounts and Treatment of Default Filing. The energy company, which ...
Okomu Oil Palm Company Plc has announced a final dividend of ¦ 26.00 per ordinary share of 50 kobo, payable to shareholders whose names appear in the Register of Members as of the close of business on 24 April 2025. The announcement was disclosed in a regulatory filing published on the Nigerian Exchange on 3 ...
The Centre for the Promotion of Private Enterprise (CPPE) has said that the impact of the current trade war by U.S. President Donald Trump on Nigeria’s economy is likely to be limited. CPPE Director and CEO, Dr. Muda Yusuf, said on Thursday in Lagos that the impact could be limited because Nigeria’s external trade to ...
By Seun Ibiyemi The Securities and Exchange Commission (SEC) says the Investments and Securities Act (ISA) 2025 will be a game changer in the nation’s capital market with the potential to stimulate economic growth. The Director-General of SEC, Dr Emomotimi Agama, said this in a statement made available to newsmen on Thursday in Abuja. Agama ...
Nigeria’s stock market declined by 0.11 percent, amounting to a loss of N72 billion on Wednesday, April 2, marking the first trading session after the two-day public holiday for the Eid-el-Fitr celebration. UACN topped the list of the market’s biggest losers, with its share price falling from N35.50 to N31.95, a drop of N3.55 or ...
Cadbury Nigeria Plc has published its audited financial results for the year ending 31 December 2024, reporting a pre-tax loss of N28.3 billion, showing an improvement from the N32.2 billion loss recorded in the previous year. The company recorded full-year revenue of N129.1 billion, a significant increase from N80.3 billion in the prior year, reflecting ...
BUA Foods has announced a final dividend of N13.00 per ordinary share of 50 kobo each, payable to shareholders registered as of the close of business on 21 August 2025. This information was disclosed in a statement published on the Nigerian Exchange and signed by the company secretary, Oluseye Alayande. The final dividend relates to ...
By Seun Ibiyemi The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have signed a $175 million Programme for Country Partnership (PCP). Speaking at the signing ceremony on Wednesday in Abuja, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, stated that the programme aims to accelerate Nigeria’s industrial development and economic ...
United Bank for Africa (UBA) generated a total of N284.7 billion from electronic business transactions in the 2024 financial year, reflecting a substantial increase in digital banking adoption. The earnings from electronic transactions encompass various services, including ATM withdrawals, card payments, online and mobile banking, interbank transfers, SMS/email notifications, and merchant transactions. This marks an ...
The Nigerian equities market made a strong recovery during the just-concluded trading week, bouncing back from four consecutive weeks of decline and recording a gain of N437 billion on the Nigerian Exchange (NGX). This rebound follows a significant loss of N532 billion reported in the previous week. Throughout the week, the market closed on a ...
...As profits rise 3% in 2024, declares final dividend Unilever Nigeria Plc has released its audited financial results for the year ended December 31, 2024, reporting a total revenue of N149.5 billion. This represents a 43.94 per cent increase compared to the N103.8 billion reported the previous year, with domestic sales contributing significantly at N145.6 ...
By Seun Ibiyemi President Bola Tinubu has signed the Investments and Securities Act (ISA) 2025 into law, repealing the Investments and Securities Act No. 29 of 2007. The Securities and Exchange Commission (SEC) announced this landmark development on Saturday, noting that the new legislation strengthens the legal framework of the Nigerian capital market. It enhances ...
By Seun Ibiyemi Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ¦ 1.266trilion, representing an increase of 107.8 per cent ...
Nigeria’s equities market on Thursday defied analysts’ expectations of renewed bargain hunting, closing 0.06 per cent lower, with a decline of N31 billion. In a post-trading commentary on Wednesday, analysts at Vetiva Research had expressed cautious optimism that bargain hunters would step in during Thursday’s trading session, “potentially spurring a modest rebound.” “Nonetheless, the risk ...
By Seun Ibiyemi The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said this on Wednesday in Lagos, during “an all parties meeting” for the issuance of the ...
Nigeria’s equities market recorded its first negative close on Wednesday, confirming analysts’ expectations of mixed trading sessions throughout the week. Following a disappointing performance at the Nigerian Exchange Limited (NGX) last week, which saw a loss of over N500 billion, many investors took advantage of undervalued stocks, making buy decisions earlier in the week, as ...
The stock market continued on a positive trend, with investors gaining N26 billion and performance indices rising by 0.04 percent on Tuesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.04 per cent to N66.214 trillion from an opening of N66.188 trillion recorded on Monday. The All-Share Index also rose by 0.04 per ...
The Debt Management Office has allotted a total of N271.2bn in the Federal Government’s bond auction held on March 24, 2025. The allotment includes N4.686bn for the 19.30 per cent FGN April 2029 re-opening (five-year bond) and N266.542bn for the 19.89 per cent FGN May 2033 re-opening (nine-year bond). According to the auction results, the ...
...Announces stricter measures to protect investors The Securities and Exchange Commission (SEC) has reaffirmed its dedication to safeguarding investors in Nigeria’s capital market by intensifying efforts to eliminate fraudulent activities. According to the Director-General of SEC, Dr Emomotimi Agama, operators engaging in dishonest practices will face severe consequences, as the Commission prioritises the protection of ...
The equities market had a strong start to the week on Monday, 24 March 2025, as investors recorded a profit of N369 billion on the trading floor of the Nigerian Exchange Group (NGX). This gain was driven by a surge in the share prices of stocks such as ROYALEX, LIVESTOCK, and ABBEYBDS, among others. After ...
Solid core earnings drive growth in profitability and returns.Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise ...
By Seun Ibiyemi The Nigerian Exchange Limited (NGX) on Thursday removed the suspension imposed on the shares of Mutual Benefits Assurance. The NGX disclosed this in its weekly report, which was made available to journalists over the weekend. The company had been suspended on 8 July 2024 for failing to submit its required accounts within ...
