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Shares of Eterna Plc have soared more than 60 percent month-to-date as of the trading day on February 11, 2025, shattering the N40 barrier. The group recently released its results for the full year ending December 31, 2024, reporting a pre-tax profit of N3.1 billion, which represents a significant recovery from a loss of N4.2 ...
Nigeria’s stock market gained about N779billion on Wednesday after rising by 1.17percent, its highest daily gain since the beginning of this month. The record gain was driven majorly by stocks like Transcorp Hotels, VFD Group, Eterna, Ikeja Hotel and Honeywell Flour Mills. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased ...
VFD Group Plc has reported a full-year pre-tax profit of N12.4 billion, as detailed in their earnings report released on the Nigerian Exchange (NGX) on February 10, 2025. This marks a strong turnaround from the pre-tax loss of N1 billion recorded for the full year of 2023. The group also highlighted a substantial full-year net ...
Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity capital raise through its Public Offer and Rights Issue (the Combined Offer) following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN), and approval of the Basis of Allotment by the ...
UAC of Nigeria Plc has reported a profit before tax of N25.828 billion for the year ending December 31, 2024, reflecting an impressive 109.30% year-over-year (YoY) growth compared to the previous year. The unaudited Group financial statements, which have been reviewed, show that the company’s revenue surged by 63.96% YoY, reaching N197.614 billion. This substantial ...
By Seun Ibiyemi The Nigerian equities market sustained the bullish trend recorded last week as investors gained N883.7bn on the trading floor of the Nigerian Xchange (NGX) in a perfect trading week. Recall that investors recorded a gain of N1tr the previous week. In the current week, the equities market gained in all the five ...
As Nigeria’s local currency strengthens further against the US dollar, investors’ interest in naira assets like equities continues to increase. This is in addition to the FY’24 earnings season that contributes in fueling bargains at the Nigerian Exchange Limited (NGX). At the local bourse, increased buy activities made the market record four consecutive days of ...
Sterling Bank’s Confam Jara 2.0 promotion has seen its first millionaire emerge, marking a significant milestone in the campaign aimed at rewarding loyal customers. Launched last month, the initiative encourages customers to conduct at least five transactions monthly using their debit cards, OneBank app or USSD (*822#) for purchasing goods and services. This campaign spans ...
Fidelity Bank, a leading financial institution, has announced the launch of the Fidelity SME Hub, a state-of-the-art facility designed to support Small and Medium-scale Enterprises (SMEs) and entrepreneurs in the creative industry. The Fidelity SME Hub is a multipurpose centre featuring training halls, meeting rooms, networking spaces, and specialised studios for music, photography, and content ...
Nigeria’s equities market on Wednesday rose by 0.51 percent or N332billion, recording its third consecutive day of positive close this week. The record positive at the Lagos Bourse was driven by investors who bought shares of FBN Holdings, Eterna Plc and Cadbury, among other major gainers. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and ...
The nascent growth in the Nigerian private sector seen at the end of 2024 was sustained into the first month of 2025, with new orders and business activity each continuing to rise. There was also large improvement in business confidence while firms expanded employment, purchasing and inventories. Although input costs and output prices continued to ...
Nigeria’s equities market moved further north by 0.15 percent on Tuesday as stocks like Northern Nigeria Flour Mills and Beta Glass pushed the local bourse higher. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased from preceding day’s lows of 104,630.3 points and N64.791 trillion respectively to 104,788.35 points and N64.889 ...
…As full-year revenue hits N84bn Fidson Healthcare PLC has reported a full-year pre-tax profit of N7.5 billion in its recent unaudited financial report, published on the Nigerian Exchange (NGX) on January 30, 2025. This represents a 27.31% increase from the N5.9 billion reported for 2023, with fourth-quarter pre-tax profit reaching N2.3 billion—an increase of 282.35% ...
By Seun Ibiyemi The Nigerian Naira closed January 2025 at N1, 475/$1, marking its strongest performance since May 2024. The Nigerian currency was officially exchanged for N1, 485 to a dollar in May 2024, the strongest until January 31, 2025. This represents a significant gain from its closing rate of N1, 535/$1 on December 31, ...
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure investors get equitable access to financial services, investment opportunities. A statement by SEC said the commission’s Executive Commissioner, Corporate Services, Mrs Samiya Usman, made the commitment on Sunday. Usman said the commission’s dedication to fostering an inclusive financial ecosystem that ...
FBN Holdings has delivered impressive financial performance in 2024, posting a 142% YoY growth in pre-tax profit to N862.391 billion. This strong growth is driven by significant improvements across key financial metrics, despite challenges related to rising interest expenses and increasing impairments. The bank’s interest income growth is impressive, but there is a notable shift ...
The Nigerian equities market sustained the bullish trend recorded last week as investors gained N1.064 trillion on the trading floor of the Nigerian Xchange (NGX) this week. Investors recorded a gain of N794bn the previous week. The market capitalisation increased to N64.709 trillion from N63.645 trillion recorded the previous week. Similarly, the All-Share Index (ASI) ...
By Seun Ibiyemi BUA Foods Plc reported a pre-tax profit of N73.4 billion for the fourth quarter of 2024 in its latest financial report released on the Nigerian Exchange (NGX) on January 30, 2025. This represents a 288.04% increase from N18.9 billion in the same quarter last year, while the full-year pre-tax profit reached N289 ...
By Seun Ibiyemi The Nigerian stock market maintained its upward momentum on Thursday, driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share. This contributed an additional N347 billion gains to the market capitalisation at the close of the session. Notably, the market capitalisation, which opened at N64.521 trillion, ...
By Seun Ibiyemi The Nigerian equities market sustained its bullish trading with a N347 billion gain by investors at the close of business on Thursday This followed a surge in the share prices of stocks like Honey Flour, NNFM, and Red Star Express amongst others on the trading floor. After five hours of trading at ...
…As nine-month profits climb 164% Northern Nigeria Flour Mills Plc has announced a third quarter (Q3) pretax profit of N2.3 billion in its latest financial report, published on the NGX on the 29th of January 2025. The company’s Q3 profit represents a 291.64% increase from the N589.6 million profit in the same period in 2023, ...
Nigeria’s equities market failed to stay on the previous day’s negative lane as investors’ interest in Aradel Holdings, Stanbic IBTC Holdings and other major gainers pushed the market back into the green zone on Wednesday. The market rose by 0.57 percent or N364billion at the close of trading. The market’s return year-to-date (YtD) is in ...
By Seun Ibiyemi Nigeria’s equities market recorded another session of negative close on Thursday amid scarcity of positive triggers capable of keeping the market on the positive path. The market decreased by 0.05 percent on Thursday, thereby strengthening the previous day’s negative. The market’s year-to-date negative return increased to 0.13 percent. Though this week, the ...
