By Esther Agbo Ecobank Transnational Incorporated has announced a remarkable profit after tax of N311 billion for the first half of 2024, representing an impressive 196 per cent surge compared to the N105 billion recorded in the corresponding period last…
By Esther Agbo Presco Group Plc, a key player in Nigeria’s agro-industrial sector, has reported an impressive profit after tax of N38.8 billion for the first half of 2024, marking a significant 157 percent year-on-year increase from N15.1 billion in…
Investors in Nigerian equities market enjoyed a fairly profitable trading week on the floor of the NGX gaining N480bn in the just ended trading week. This follows a loss of N107bn in the previous week. The bourse recorded losses in…
About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalisation of the Nigerian Exchange (NGX) has declined by $27.8 billion. Less than two weeks after assuming…
Nigeria’s equities investors who bought shares of Okomu Oil Palm, MTNN, Oando, Unilever and Vitafoam on Thursday made the market record its highest daily gain since the beginning of August. Increased buy-side activities on the Nigerian Exchange Limited (NGX) pushed…
By Esther Agbo In preparation for the upcoming Capital Market Committee (CMC) meeting, the Securities and Exchange Commission (SEC) is set to unveil its strategic vision for enhancing the Nigerian capital market’s role in the nation’s economic development. The meeting,…
Nigerian neobank, Kuda, recorded a net loss of $32 million in 2022 according to its latest financial report filed in the UK. This came despite a 190 percent surge in the company’s revenue for the year to $22 million from…
AXA Mansard published its 2024 second-quarter results, reporting a pre-tax profit of N14.9 billion. This indicates a 57.79 percent year-over-year increase from a pre-tax profit of N9.4 billion reported in 2023. The company experienced a surge in revenue by 88.88…
By Esther Agbo The Nigerian equities market yesterday saw a bullish performance as REDSTAREX Plc and 26 others led the total capitalisation to a gain of N97 billion, the first gain this week following the bear reign during the peak…
The Director General, Securities and Exchange Commission (SEC), Emomotimi Agama, says the commission is set to outline its vision for the Nigerian capital market at the second Capital Market Committee (CMC) Meeting. Agama, in a statement made available to newsmen…
