Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118 percent from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores…
The Nigerian equities market sustained the bearish sentiment on the trading floor on Thursday as investors lost N225 billion at the close of the day”s business. This followed the dip in the share prices of stocks like VERITASKAP, ARADEL, and…
Cadbury Nigeria Plc in the first nine months of 2024 recorded a 65 percent increase in pre-tax losses from N10.24 billion in the same period of 2023 to N16.93 billion in the period under review. The company’s 2024 nine-month financial…
Despite analysts’ expectation that Nigeria’s equities market will continue its upward trajectory this week, record dip in stocks like BUA Cement, Lasaco, Japaul Gold and other major laggards on the Bourse caused the market to open this new week on…
By Esther Agbo Transnational Corporation Plc (Transcorp) has reshaped its capital framework by reducing its issued shares by 75 percent. The initiative brings Transcorp’s total shares from N40.6 billion down to N10.2 billion following a 1-to-4 share consolidation. The President…
The National Insurance Commission (NAICOM) has issued an exposure draft of its “Insurance Risk-Based Capital Regulation, 2024,” introducing new minimum capital requirements aimed at strengthening the capital adequacy and resilience of Nigeria’s insurance sector. The draft, detailed in a circular…
Ikeja Hotel Plc has reported a 188 percent increase in pre-tax profit in the first nine months of 2024. The company recorded a pre-tax profit of N3.089 billion between January and September 2024 compared to N1.07 billion in the same…
Guinness Nigeria Plc recorded a pre-tax loss of N16.03 billion in the period between July and September 2024. This is according to the company’s unaudited result for the first quarter of 2024/2025 where revenues more than doubled from N59.53 billion…
NGX Regulation Limited (NGX RegCo), the regulatory arm of the Nigerian Exchange Group (NGX), has suspended trading in the shares of Oando Plc. NGXRegCo announced the suspension in a notice issued by the Head of Issuer Regulation in the organisation,…
…Equities market ends trading week with N156bn profit for investors Investors in the Nigerian equities market experienced a boom this trading week gaining N801 billion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation increased from N59.42…
