The Nigerian Exchange reversed previous gains on Wednesday, April 16, as investors lost N445bn following a widespread decline in banking stocks, especially Guaranty Trust Holding Company and Zenith Bank.
At the close of trading, the All-Share Index dropped by 708.14 points, representing a 0.68 per cent decline, to settle at 103,851.88 points. This downward movement also dragged the overall market capitalisation from N65.7 tn to N65.3 tn, reflecting a N445 bn loss in value................Read-More

Dangote Cement has won the platinum award at the second edition of the Corporate Reporting Award, as MTN Nigeria won gold and Seplat Energy emerged as runner-up for being outstanding in their corporate reporting for 2023.
The Corporate Reporting Award, which was organised by the Institute of Chartered Accountants of Nigeria and the NGX Regulation Limited, was held on Tuesday at the NGX. .................Read-More

Despite robust growth in its top line with nearly 90 per cent growth in its earnings, Access Holdings Plc struggled to record marginal growth in its bottom line last year.
Its profit before tax (PBT) closed the year at N867 billion in its 2024 operation, a 19 per cent year-on-year (y/y) growth from N729 billion achieved in 2023..............Read-More

The Managing Director and Chief Ex­ecutive Officer, Universal Insurance Plc, Dr, Jeff Duru has reiterated the compa­ny's commitment in bringing into insur­ance net the informal sector operators.
The CEO, in addition, said the one of the old generation insurer in poise to drive growth from the retail space with pocket-friendly products designed to meet individual needs.............Read-More

Lasaco Assurance Plc has revealed that it has obtained the ISO/IEC 27001:2022 certification, a globally recognised benchmark for information security management systems.
According to a statement issued on Wednesday, Lasaco said that the certification followed a thorough and detailed re-certification audit, validating its commitment to upholding the highest standards in information security and cybersecurity..............Read-More

Central Securities Clearing System (CSCS) has achieved a profit before tax (PBT) of N13.8 billion in its 2024 operations, 24 per cent up from N11.2 billion recorded in the corresponding period in 2023.
Its total revenue also surged by 37 per cent to N26.1 billion, up from N19 billion posted in the previous year..............Read-More

The C&I Leasing Plc said it has recorded over subscription in its recent Series 5 Commercial Paper Issuance concluded last month.
The Group Managing Director/CEO of the firm, Lenin Ugoji, who disclosed this in a recent report, alluded the success to several factors that are positioning the company for improved shareholder value..............Read-More

Access Bank, a subsidiary of Nigeria's Access Holdings PLC, has secured approvals from the Central Bank of Kenya (CBK) and Kenya's National Treasury and Economic Planning for the acquisition of 100 per cent shareholding of the National Bank of Kenya (NBK). 
Access Bank is acquiring NBK through the purchase of NBK shares from KCB Group PLC, which had held full ownership of the bank since 2019..............Read-More