The stock market section of the Nigerian Exchange Limited (NGX) commenced the new week with positive sentiment, gaining N83 billion as investors position in MTN Nigeria Communication Plc and 20 others
As MTN Nigeria appreciated by 1.24 per cent to close at N253.10per share, the All Share Index (NGX ASI) gained...........Read-More

The Nigerian banking sector experienced significant growth, with banking stocks soaring by 9.8% month-on-month (m/m), driven by an accelerated recapitalisation drive initiated by the Central Bank of Nigeria (CBN).
The surge in banking stocks is part of a broader positive trend in the Nigerian stock market,............Read-More

The imposition of between 10 and 25 per cent tariffs on importation from Canada and Mexico and Chinese goods by the United States has heightened fears of a global trade war, causing global stock markets to witness a significant decline yesterday. In Europe, the FTSE 100 fell by 1.4 per cent. Germany's DAX and France's CAC also declined by 1.6 per cent and 1.5 per cent............Read-More

The Debt Management Office (DMO) has opened offers for subscription on two Federal Government of Nigeria (FGN) savings bonds in February at an interest rate of 17.799 per cent and 18.799 per cent respectively.
The DMO, in a statement on Monday, said the first offer is a two-year savings bond...........Read-More

Amid the challenging operating environment in Nigeria, Airtel Africa revealed that it paid $739 million in foreign currency debt over the past year.
Its Chief Executive Officer, Airtel Africa Plc, Sunil Taldar further revealed that the company's capital structure remains robust with just 8% of operating company (OpCo)'s debt in foreign currency,..........Read-More

Eunisell Interlinked Plc has reported a profit before tax of N267m for the six months ending December 31, 2024, marking a turnaround from a loss of N13m in the same period of 2023.
The disclosure was made in a statement on Monday, in which the company said revenue rose 961 per cent to N974m ...........Read-More

Beta Glass Plc reported revenue of N117.58bn for the financial year ended December 31, 2024, representing an 87 percent increase from the N62.91bn recorded in the previous year.
The company's unaudited financial statement filed with the Nigerian Exchange Limited recently showed that the surge in revenue contributed...........Read-More

VFD Group Plc has reported a profit of N10.4bn for the year ended December 31, 2024, marking a recovery from a loss of N750.4m recorded in the previous year.
In its unaudited financial results for 2024, the company saw a rise in gross earnings, which surged by 84 per cent to N83.2bn, up from N45.1bn in 2023.............Read-More

AIICO Insurance Plc has posted a profit after tax of N13.6bn for the financial period, representing a 12 per cent increase from the N12.1bn recorded in the previous year.
According to the company's financial statements filed on the Nigeria Exchange Limited recently, the growth in profit was driven by premium income, investment returns, and cost management. ...........Read-More

Geregu Power Plc has announced an impressive audited financial year result and accounts for the full year ended December 31, 2024, with its profit before tax at N41bn, an increase of 69 per cent from the N24bn declared in the 2023 financial year.
The power-generating company quoted on Nigerian Exchange Limited also announced N27.4bn profit after tax...........Read-More

Unilever Nigeria Plc has recorded a turnover of N149.8bn. This marks a 44 per cent increase from the N103.9bn achieved in the corresponding period in 2023.
A statement made available to our correspondent on Monday by the company stated that the gross profit stood at N55.7bn, a 75 per cent increase compared to N31.9bn recorded in the same period last year...........Read-More