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The Financial Markets Dealers Association (FMDA) has predicted that liquidity in Nigeria's fixed-income market may hit N10.53 trillion. This anticipated surge represents a notable increase from the N9.08 trillion recorded in April, signaling a high-liquidity environment that could significantly impact interest rate movements and investment strategies across the financial sector. According to the FMDA Monthly Market Report ...
By Damilare Adeleye Abbey Mortgage Bank PLC has unveiled plans to pay shareholders a final dividend of 12 Kobo for every 50 Kobo share held for the financial year ended December 31, 2025. The announcement was made on Thursday through a corporate actions notice signed by the Company Secretary, Geoff Amaghereonu, and made available on ...
...core earnings drive strong performance Guaranty Trust Holding Company Plc (GTCO) has submitted its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2026, to both the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), posting a strong first-quarter performance anchored on growth in its core income streams. The Group ...
...Investor appetite lifts market to new peak Nigeria’s equities market wrapped up the final trading session of April on a decidedly bullish footing, extending the upward trajectory that has defined trading activity since the first quarter of 2026. The benchmark NGX All-Share Index (ASI) climbed by 2.14 per cent to close at a fresh all-time ...
The Nigerian equities market delivered a stellar performance during today's trading session, as the benchmark All-Share Index advanced by 3.77%. This robust gain further solidified the market’s bullish trajectory, pushing the year-to-date return to an impressive 52.43% and reflecting sustained investor confidence across key asset classes. Despite the surge in the primary index, market activity ...
...posts N67.07bn revenue Customer deposits in Wema Bank have surged to N3.29 trillion for the first quarter ended March 31, 2026. This is as the Bank sustained its upward trajectory reporting a significant expansion in its bottom line for the first quarter ended March 31, 2026. Building on a record-breaking 2025 performance, the bank's latest financial statements reveal a ...
Guaranty Trust Holding Company PLC (GTCO) has reported a Profit Before Tax (PBT) of ₦485.2 billion for the first quarter of 2026. The unaudited financial statements for the first quarter ended March 31, 2026 demonstrated a robust balance sheet and sustained profitability despite a challenging macroeconomic environment. This is as the financial giant also reported ...
Fidson Healthcare Plc has sustained its growth momentum into Q1 2026, reporting a 41.4% year-on-year revenue increase to reach ₦119.1 billion. The pharmaceutical giant's ethical segment remained its strongest performer, accounting for over 65% of total sales. The company's Profit After Tax (PAT) grew by 61.1% reaching ₦9.3 billion, up from ₦5.8 billion in the ...
The Board of Directors of Meyer Plc have officially recommended a dividend of 45 kobo per share for the financial year ended December 31, 2025. This announcement comes ahead of the company’s 54th Annual General Meeting (AGM), scheduled to take place on May 22, 2026, at the Radisson Blu Hotel, Lagos. According to the corporate ...
UAC of Nigeria PLC has reported a significant surge in its financial performance for the first quarter of 2026, with revenue reaching ₦191 billion, a 241% increase compared to ₦56 billion in the same period of 2025. This growth was primarily fueled by the consolidation of C.H.I. Limited following its acquisition from The Coca-Cola Company ...
Transcorp Power Plc, one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc has announced a ₦41,250,000 total dividend to its shareholders at the 13th Annual General Meeting held at the Congress Hall, Transcorp Hilton Abuja. The total dividend consists of an interim dividend payment of ₦11billion, representing ₦1.50 kobo per share, which was paid ...
By Osordi Ayomide Nigeria’s foreign reserves declined by approximately $731 million within the first three weeks of April 2026, underscoring persistent pressure on the country’s foreign exchange position. Figures from the Central Bank of Nigeria (CBN) show that gross reserves fell from $49.18 billion on April 1 to $48.45 billion as of April 23, reflecting ...
The year 2025 was a test of endurance for many global institutions, and United Bank for Africa (UBA) Plc was no exception. While the bank’s decision to declare no final dividend for the 2025 financial year might raise eyebrows among retail investors, a deeper dive into the numbers reveals a strategic reset designed to pave ...
By Ejire Folakunmi Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has declared an end to years of economic stagnation, revealing that the nation's real GDP grew by 3.87% in 2025, marking the first time in nearly a decade that economic expansion has officially outpaced population growth. Speaking at a high-stakes interactive session with ...
By Damilare Adeleye Wema Bank Plc has announced its plans to pay shareholders a final dividend of N1.25 per ordinary share for the 2025 financial year. This was disclosed in a notice filed on Nigerian Exchange Limited on April 22, 2026, and signed by Company Secretary, Johnson Lebile. The first-generation bank also set April 29, ...
The Nigerian Exchange (NGX) closed Wednesday’s trading session on a bullish note, driven by a strong rally in the banking sector led by UBA, First Holdco, Access Holdings, and Zenith Bank. The surge pushed the All-Share Index (ASI) closer to the 220,000-point milestone. Key performance indicators rose by 0.61%, reflecting increased investor interest in fundamentally ...
…retains position as Nigeria’s most valuable Bank Zenith Bank Plc has made history on the Nigerian Exchange (NGX) by becoming the first Nigerian financial institution to cross the ₦5 trillion market capitalization threshold. This landmark achievement cements the bank's status as the most valuable banking stock in the country and crowns a period of exceptional ...
By Damilare Adeleye Meyer Plc has announced the resignation of former First Lady of Ekiti State, Erelu Angela Adebayo, as a Non-Executive Director of the company. In a notice dated April 20 and posted on Nigerian Exchange Limited website, the paints and coatings manufacturer disclosed that the resignation takes effect from April 17, 2026. The ...
Access Holdings PLC has issued an official disclaimer following the unauthorized circulation of projected financial results on various social media platforms. In a statement filed with the Nigerian Exchange Limited (NGX) on Tuesday, the Company Secretary, Sunday Ekwochi, categorically distanced the corporation from the leaked figures, describing them as speculative and unauthorized. The company clarified ...
…investors gain ₦546.12bn The Nigerian Exchange (NGX) maintained its historic bullish momentum on Monday as investors confidence in financial services and the energy sector propelled the market to a significant new milestone. By the close of trading, the benchmark All-Share Index (ASI) appreciated by 0.44%, adding 948.20 points to settle at 218,115.77. This performance reinforces ...
By Damilare Adeleye The Governor of Central Bank of Nigeria, Olayemi Cardoso, has stated that the reforms implemented by the apex bank helped ameliorate the impact of global economic shocks on Nigerians. This was just as he asserted that if the reforms were not implemented, the country could have been facing more severe hardship. Cardoso ...
By Damilare Adeleye The federal government has dismissed claims that a significant portion of Nigeria’s federation revenue is being diverted or concealed, describing such interpretations of the World Bank’s latest Nigeria Development Update as misleading and inaccurate. In a statement issued on Saturday via his X account, former presidential candidate of Labour Party, Peter Obi, ...
By Fredrick Ameh The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has held a strategic meeting with the Secretary-General of the Islamic Financial Services Board (IFSB), Ghiath Shabsigh, on the sidelines of the IMF and World Bank Spring Meetings in Washington, D.C. The high-level engagement focused on deepening collaboration between Nigeria and ...
