The  stock market yesterday extended its losing streak as the major market indicator was down. Y 0.05 per cent.
The Nigerian Exchange Limited All-Share Index (NGX ASI) depreciated by 49.26 basis points or 0.05 per cent to close at 105,426.12 basis points. Also, market capitalisation declined by N31 billion to close at N66.110 trillion....................Read-More

Industry leaders at the African Securities Exchanges Association (ASEA)  yesterday emphasised the need for modernisation, regulatory reforms, and digital innovation to drive the expansion of Africa's capital markets.
They spoke at the first quarter webinar themed ...Enhancing Equity Markets for Sustainable Growth" ..............Read-More

Abbey Mortgage Bank Plc recorded a 23 per cent increase in profit after tax to N1.07bn in its audited financial statements for the year ended December 31, 2024, compared to N871.3m in the previous year.
According to its financial statement on the Nigeria Exchange Limited on Thursday, the growth in profit was driven by a rise in interest income, which surged by 66 per cent to N11.95bn from N7.2bn in 2023...............Read-More

Ecobank Transnational Incorporated has reported a profit after tax of N735.9bn for the 2024 financial year, marking a 179 per cent increase from N263.5bn recorded in the previous year.
According to its financial statement released on the Nigeria Exchange Limited on Thursday, Ecobank's gross earnings rose by 131 per cent to N4.22tn in 2024, up from N1.83tn recorded in the previous year...............Read-More

The Nairametrics article published on March 17, 2025, titled, ...AIICO's 2024 Profit Growth Masks a Claims-Driven Underwriting Crisis," presents an inaccurate and misleading interpretation of AIICO Insurance Plc's financial performance. The analysis misrepresents key financial metrics and, if left unaddressed, could misinform our stakeholders. ................Read-More

United Bank for Africa (UBA) Plc, has outlined its roadmap for the 2025 financial year, with a strong focus on innovation, digital transformation, physical and financial strength as well as its global reach.
On the back of its full-year financial performance for the year 2024, which was released to stakeholders this week, the bank disclosed plans to accelerate growth through ..............Read-More

VFD Group Plc has announced that its Board of Directors approved significant investments in Abbey Mortgage Bank Plc and the e-commerce platform Bvndle Loyalty Limited.
This was detailed in a disclosure published on the Nigerian Exchange Group on March 27, 2025, and signed by company secretary Gbeminiyi Shoda, following a Board meeting held two days earlier..............Read-More