Stanbic IBTC Holdings Plc is looking to raise N150 billion through a rights issue programme and N400 billion through a debt issuance programme, amounting to a...
On Thursday, 1.009 million shares of Airtel Africa were traded, leading to the group’s market value rising by N665 billion to N8.08 trillion. This marks an...
Mecure Industries, which is listed on the Nigerian Exchange Group (NGX) in the fourth quarter (Q4) of 2023, has posted first quarter (Q1) 2024 financial results....
UPDC Real Estate Investment Trust (UPDC REIT) has declared a final dividend of N0.22 per unit of share for the period ending December 31, 2023. This...
Banks are pivotal entities within Nigeria’s financial landscape, embodying significant economic prowess and serving as pillars of stability. With a collective asset value nearing N150 trillion...
For the second consecutive day, NGX demonstrated bearish trends, marking a decline of 0.77%, with the All-Share Index closing at 97,473.98 points, down from yesterday’s 97,708.74...
The Nigerian Exchange (NGX) exhibited a second consecutive day of bearish trends, with the All-Share Index falling by 0.77%. The index closed at 97,473.98 points, down...
GT Fund Managers (GTFM), the investment management business of GTCO Holdings, reported its total Assets Under Management (AUM) at N330.5 billion in 2023. This represents a...
GT Bank’s retail customers’ deposits hit N3.85 trillion in 2023, representing 54.4% of the bank’s total customer deposits within the year. However, despite making up 54.4%...
Zenith Bank Plc onboarded about 4.08 million new customers in 2023 as the group’s total number of customers hit 33.07 million by the end of the...
Chief Executive Officers (CEOs) and Group CEOs of seven Nigerian banks will earn approximately N796.6 million in final dividends for 2023. The seven banks are United...
Paul Arkwright, who served as the UK High Commissioner to Nigeria from 2015 to 2018, has been appointed to the board of Airtel Africa. According to...
Airtel Africa Plc released its full-year financial statement for the year ending March 31, 2024. The company posted a loss after tax of $89 million during...
Zenith Bank has paid N109.9 billion in final dividend for the financial year (FY) 2023, representing a payment of N3.50 per ordinary share. The figure marks...
This week started on a bearish note in the Nigerian Exchange (NGX), which posted a 0.89% decline to close today with an All-Share Index of 98,703.68...
The Debt Management Office (DMO) has opened the subscription offer for May FGN savings bonds, priced at N1,000 per unit. The two-year savings bond maturing on...
UPDC Real Estate Investment Trust (REIT) has released its unaudited financial results for Q1 2024. The REIT disclosed a notable net income of N789.5 million, indicating...
UBA has released its unaudited financial statements for Q1 2024, with the group posting a pre-tax profit of N156.3 billion, marking a 155% year-on-year increase from...
The NGX kicked off the month of May on a bullish note with the All-Share Index appreciating by 0.55%, gaining 537.15 points to close at 98,762.78...
Seplat Energy Plc is set to disburse a total of N46.2 billion for its 2023 final and special dividend, representing a payout ratio of 57%. This...
Access Holdings has maintained its position as Nigeria’s largest banking group, with assets reaching N32.6 trillion as of March 31, 2024. This represents a whopping 22%...
BUA Foods has posted a profit before tax of N62.4 billion in Q1 2024, representing a 36% year-on-year increase from the N45.9 billion pre-tax profit posted...
Lafarge Africa Plc has released its unaudited financial statement for the first quarter (Q1) of 2024, posting a pre-tax profit of N8.7 billion. This represents a...
MTN Nigeria released its Q1 2024 results, showing revenue of N752.9 billion, up 32.5% compared to N568.1 billion for the same period in 2023. However, the...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Between 2021 and 2023, about 15 firms have been delisted from the Nigerian Exchange Limited (NGX) due to varying reasons ranging from breach of regulatory requirements...
Nigerian Breweries is seeking to convert part of its liabilities into equities. This is according to the resolutions from the group’s Annual General Meeting (AGM) held...
As part of the resolutions at its Annual General Meeting (AGM), the board of Nigerian Breweries Plc has received shareholders’ approval for a N600 billion rights...
Following a brief uptick on April 25, 2024, the NGX resumed its downward trajectory on Friday, April 26, concluding the week with minimal movement. The...
A relatively unknown Dubai-based company is currently eyeing a $12.9 billion oil-for-cash deal with South Sudan. The company seeks to lend the country $12.9 billion in...
Stanbic IBTC Holdings Plc has released its unaudited financial statement for Q1 2024, posting a pre-tax profit of N62.7 billion, representing a 73% year-on-year growth of...
Google’s parent company, Alphabet LLC, will pay its first ever dividend, even as the group’s earnings for Q1 2024 exceeds estimates. The group reported a revenue...
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a 101% year-on-year increase from the N406.7...
Guinness Nigeria Plc has released its unaudited financial statement for the nine-month period ending March 31, 2024, revealing a loss after tax of N61.7 billion. The...
Since the start of April 2024, the Nigerian stock market has been on a bearish run, with the All-Share Index (ASI) declining by 6.16% and the...
After releasing the FY 2022 financial statements, Oando Plc has issued a press statement to address its net loss of N81.2 billion incurred in 2022, citing...
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year compared to a profit after tax...
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year. This marks a significant decline from...
Four of Nigeria’s top banks – GTCO, UBA, Zenith Bank, and Access Holdings – posted a total profit after tax (PAT) of N2.44 trillion in 2023....