Latest in
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi has declared that the orange economy presents an opportunity to create sustainable economic growth. The NITDA DG made this known when the agency hosted the Director-General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior ...
eTranzact International Plc has announced a proposed dividend of 5 kobo per ordinary share for the 2025 financial year, following the conclusion of its annual audit. The 5 kobo payout is subject to the approval of the company’s shareholders and the deduction of the statutory withholding tax at the point of payment. The electronic payment ...
The Board of Directors of Ikeja Hotel Plc has recommended a final dividend of 10 kobo per ordinary share of 50 kobo each for the financial year ended December 31, 2025. This dividend, which is subject to appropriate withholding tax and the approval of shareholders at the upcoming Annual General Meeting (AGM), represents a total ...
Nigeria's industrial and financial heavyweights have moved to deepen a partnership that has quietly underpinned decades of enterprise growth, as the Founder and Chairman of BUA Group, Abdul Samad Rabiu, hosted the Chairman of United Bank for Africa (UBA), Tony Elumelu, and his executive management team at BUA Group's corporate headquarters in Lagos. More than ...
Oando PLC has released its comprehensive report on the Nigerian Code of Corporate Governance (NCCG), detailing the company’s adherence to national standards of transparency and ethical leadership as of March 2026. The report acts as a transparency manifesto, outlining how the energy giant has institutionalized the 28 principles of the NCCG to protect shareholder interests ...
Guaranty Trust Holding Company PLC (GTCO) has reported a record-breaking profit before tax of N1.16 trillion for the 2025 financial year, representing a massive jump from the N607.7 billion recorded in the previous year. According to the audited financial statements filed on NGX, the Group’s profit after tax settled at N945.3 billion, solidifying its position ...
The Nigerian Naira remained stable during Tuesday’s trading session, maintaining its position within the 1,380 range against the dollar as the Central Bank of Nigeria (CBN) continues its efforts to achieve price discovery and market stability. According to data from the Nigerian Foreign Exchange Market (NFEM), the official closing rate settled at ₦1,386.75 per US ...
The Nigerian Exchange (NGX) commenced the trading week on a bearish note, with the equity segment recording a loss of ₦275.14 billion on Monday. The downturn reflected a broader sell-off that pulled the market capitalization down to ₦128.69 trillion. The benchmark All-Share Index (ASI) declined by 0.21%, closing at 200,484.43 points. This negative performance retracted ...
Neimeth International Pharmaceuticals Plc has officially ended a three-year cycle of losses, reporting a decisive return to profitability for the financial year ended December 31, 2025. According to the audited financial statements released in March 2026, the pharmaceutical giant posted a profit after tax (PAT) of N982.11 million, a staggering 211% recovery from the N885.33 ...
Foreign capital outflows from the Nigerian Exchange (NGX) increased by 9.12% in February 2026, reaching ₦72.32 billion compared to ₦66.27 billion in January. This rise occurred despite a concurrent 15.4% improvement in foreign inflows, which climbed to ₦58.41 billion during the same period. The data indicates that while international interest in Nigerian equities is recovering, ...
Computer Warehouse Group (CWG) PLC has released its full-year 2025 (Quarter 5) financial statements, reporting substantial double-digit growth across its key performance metrics. The technology firm saw its total revenue climb by 42 percent to reach a record N65.66 billion, marking a significant leap from the N46.35 billion recorded during the 2024 financial year. The ...
Unilever Nigeria PLC has announced a proposed final dividend of N3.25 per 50 kobo ordinary share for the financial year ended December 31, 2025. According to the corporate action document released to the Nigerian Exchange, the proposed payout will be drawn from the company's after-tax profit and remains subject to the appropriate withholding tax deductions. ...
…as structural hurdles keep Naira under pressure Total FX inflows into the Nigerian market has jumped by 45 percent month-on-month, reaching $4.4 billion in February. This marks the third consecutive month of increased inflows, a trend largely driven by offshore investors capitalizing on Nigeria's high-yield environment and positioning the country as an attractive carry trade ...
Dangote Sugar Refinery Plc has placed its ambitious local production and sustainability goals at the forefront of its latest corporate actions and Nigerian Code of Corporate Governance (NCCG) annual filing. Released on the NGX doc-library in March 2026, the submission goes beyond standard compliance with the Financial Reporting Council of Nigeria (FRCN) to spotlight the ...
Unilever Nigeria Plc has published its audited financial results for the year ended December 31, 2025, revealing exceptional growth and robust financial health across all major performance indicators. The fast-moving consumer goods giant reported a turnover of N214 billion, representing a massive 43% increase from the N150 billion turnover recorded during the corresponding period in ...
Cutix Plc has announced the appointment of a new Chief Executive Officer and the Chief Financial Officer following the abrupt departure of the previous office holders. The company made this known yesterday in a corporate actions filing submitted to the Nigerian Exchange Group. To navigate this significant structural shift and maintain market confidence, the Board ...
Following the Eid-el-Fitr public holiday on Monday, March 23, 2026, the Nigerian equities market resumed trading on a bearish note. The downturn was largely driven by investor profit-taking and selloffs across several heavyweight stocks, leading to a noticeable dip in the primary market indicators. The benchmark All-Share Index (ASI) declined by 1.07%, settling at 199,014.02 ...
In a decisive move to bolster its financial standing and meet the rigorous new capital requirements set by the National Insurance Commission (NAICOM), Guinea Insurance Plc has formally executed the signing ceremony for its ₦5.8 billion Rights Issue. This action, finalized in March 2026, marks a critical milestone in the company’s broader strategy to raise ...
Nigerian Breweries PLC has officially announced a landmark partnership aimed at promoting environmental sustainability through the establishment of a food-grade recycled Polyethylene Terephthalate (rPET) processing plant in Nigeria. The company disclosed this strategic move in a corporate filing to the Nigerian Exchange Group, signaling a significant step in its commitment to a circular economy and the reduction ...
AIICO Insurance Plc has projected a strong financial performance for the first half of 2026, driven by a significant expansion in insurance revenue and strategic investment income. According to the latest earnings forecast prepared in alignment with the IFRS 17 accounting standard, the company anticipates a Gross Written Premium of approximately N68.4 billion for the ...
The Nigerian equities market began the trading week on a positive note, with the All-Share Index (ASI) gaining 161 points to close at 196,968.15. This upward movement pushed the market capitalization to approximately N126.59 trillion, reflecting continued investor confidence despite broader macroeconomic pressures. Monday's session saw a notable improvement in market activity, with trading volume ...
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has hailed the significant contributions of women to the Nigerian capital market. Speaking during an International Women’s Day event held on Monday, March 9, 2026, Dr. Agama praised the resilience, professionalism, and intellect of the commission’s female staff, noting that their dedication ...
Jaiz Bank Plc, Nigeria's premier non-interest financial institution, has officially announced the appointment of Omolara Muinat Ismail as Executive Director in charge of Business Development. This strategic move, which has received the formal confirmation of the Central Bank of Nigeria, is designed to strengthen the bank's leadership capacity as it seeks to accelerate growth within ...
