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Nascon Allied Industries Plc has released its full-year results for the period ending December 31, 2024, revealing a pre-tax profit of N23.6 billion. This marks a 14.9 percent increase compared to the previous year’s profit of N20.5 billion, amid a strong surge in revenue. For the reported period, the company achieved a total revenue of ...
...Sustains dividend per share of N30 Dangote Cement Plc has reported a profit before tax of N732.537 billion for the financial year ended 31 December 2024, marking a 32.44 per cent year-on-year (YoY) increase from 2023. According to the company’s annual report and financial statements, full-year revenue surged by 62.16 per cent YoY to N3.581 ...
BUA Cement Plc has reported profit before tax of N99.630 billion for the financial year ended December 31, 2024, representing a 48.20 per cent year-on-year (YoY) increase from 2023. According to the annual report and financial statements reviewed, the company’s full-year revenue surged by 90.54 per cent YoY to N876.470 billion, driven by strong domestic ...
...Board approves record N4.4bn dividend for shareholders Nigerian Exchange Group Plc (NGX Group or the Company) has announced its audited financial results for the year ended 31 December 2024, delivering a record-breaking profit before tax (PBT) of N13.6 billion, marking an impressive 157.3 per cent year-on-year growth. This strong performance was driven by robust revenue ...
By Seun Ibiyemi The Nigerian equities market experienced a significant downturn in the just-concluded trading week, with investors collectively losing N421 billion on the trading floor of the Nigerian Exchange (NGX). This followed a previous week where the market recorded a gain of N196 billion. During the week under review, the equities market posted gains ...
By Matthew Denis The Director-General of the National Pension Commission (PenCom), Ms Omolola Oloworaran, has described the approval of N758 billion to fully settle outstanding pension liabilities under the Contributory Pension Scheme (CPS) as a significant milestone. Speaking at a press conference in Abuja on Thursday, she noted that pension reforms have transformed the system, ...
The Nigerian equities market recorded another loss on Thursday, February 27, 2025, as investors lost ¦ 76 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices of stocks like FIDSON, ETI, and GUINEAINS amongst others on the trading floor. After five hours of trading at ...
Nestlé Nigeria has reported a 75.2% year-on-year revenue growth, reaching ¦ 958.8 billion in 2024. This was disclosed in the company’s latest financial report released on Thursday. According to Mr Wassim Elhusseini, the Chief Executive Officer and Managing Director of Nestlé Nigeria Plc, the company’s operating profit increased by 35.6%, amounting to ¦ 167.9 billion. ...
Nigeria’s stock market increased slightly by 0.02 percent on Wednesday, thanks to investors who bought shares of Africa Prudential, UH Real Estate Investment Trust, Caverton Offshore Support Group and Lasaco. These stocks helped to pull the market into the green zone despite major dip seen in stocks like Oando, Eunisell Interlinked, and Union Dicon Salt. ...
Unity Bank Plc has reported gross earnings of N59.3 billion for the financial year ending 31st December 2023, reflecting a 3.84% year-on-year growth. The bank’s audited financial results, submitted to the NGX Group Limited, also show significant improvements across key performance indicators, particularly a 23% surge in customer deposits to N402.9 billion, up from N327.4 ...
...Proposes 64 kobo dividend to shareholders Transcorp Hotels Plc has posted an impressive growth of 144% in Profit After Tax (PAT) for the 2024 fiscal year. Transcorp Hotels which is the hospitality subsidiary of Transcorp Group, made this known in its latest audited results, submitted to the Nigerian Exchange (NGX). The hospitality company recorded a ...
Nigeria’s stock market recorded another session of negative close on Tuesday by 0.32 percent. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding trading day’s highs of 108,126.97 points and N67.383trillion respectively to 107,781.79 points and N67.168 trillion. The market’s closed in the red zone as investors sold stocks ...
Transcorp Power Plc has reported a revenue growth of 115 per cent for 2024, reaching N305.9 billion, with an operating profit after tax of N80.01 billion. The Chairman of the Board of Directors, Mr. Emmanuel Nnorom, disclosed this during the company’s Annual General Meeting (AGM) held on Tuesday in Abuja. Nnorom noted that the financial ...
The Federal Government of Nigeria’s (FGN) bond auction for February 2025 saw a substantial increase in investor demand, with total subscriptions rising to N1.63 trillion, a notable jump from the N670.94 billion recorded in January. This heightened interest resulted in a higher allotment, though at lower yields, signalling growing investor confidence in Nigeria’s debt market. ...
The Nigerian equities market began the week in the red zone on Monday, February 24, 2025, as investors lost ¦ 230 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a dip in the share prices of stocks like INNFM, Eunisell, and Sovrenins amongst others on the trading floor. After five ...
The Nigerian equities market sustained a quiet week as investors gained N196 billion on the trading floor of the Nigerian Xchange (NGX). Reports that investors recorded a gain of N1.8 trillion the previous week. In the current week, the equities market gained in only one of the five trading days but still ramped up a ...
The Chief Executive Officer of Flutterwave, Olugbenga Agboola, has sought the support of President Bola Tinubu for the company’s listing on the Nigerian Exchange (NGX). This was disclosed in a statement released on Saturday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. The request was made during a meeting with ...
By Seun Ibiyemi The Debt Management Office (DMO) on Thursday unveiled Stanbic IBTC Stockbrokers Ltd. as the new stockbrokers of the Federal Government. This is coming after the expiration of the tenure of CSL Stockbrokers Ltd., a subsidiary of First City Monument Bank (FCMB). According to the Director-General of DMO, Patience Oniha, Stanbic is a ...
Public and private companies have raised about N8.6 trillion through the capital market in the past 13 and half months. Data by the Nigerian Exchange (NGX) obtained recently indicates that the capital market provided more than one-fifth of the Federal Government’s fiscal expenditures during the period. Many companies also used the capital market for major ...
...Losses balloon to N144 billion in 2024 Nigerian Breweries Plc reported a post-tax loss of N144.8 billion for FY 2024, as detailed in its full-year audited financial report released on the NGX on February 14, 2025. This figure represents a 36.3% increase in post-tax loss compared to the previous year when the company reported a ...
PZ Cussons Nigeria has announced the appointment of Richard Walker as a Director on the Board of the Company, effective from February 13, 2025. The announcement was made in a statement signed by the company secretary, ALSEC Nominees Limited, and noted that the new appointment is subject to ratification at the next Annual General Meeting. ...
Nigerian Breweries Plc has announced two changes to its board of directors. The Board has appointed Mrs. Olufunmilayo A. Akande as an Independent Non-Executive Director, effective February 20, 2025, to fill the vacancy on the Board. In a statement signed by Company Secretary Uaboi G. Agbebaku, it was also revealed that Mrs. Ifueko M. Omoigui ...
By Seun Ibiyemi The Nigerian equities market sustained the bullish trend recorded last week as investors gained N1.826 trillion on the trading floor of the Nigerian Xchange (NGX) in a near-perfect trading week. Recall that investors recorded a gain of N883.7 billion the previous week. In the current week, the equities market gained in four ...
