Uncertainty in global stock markets sent ripples through the Nigerian Exchange Limited (NGX), last week, prompting a wave of selloffs and causing market capitalisation to fall by N570 billion.
Despite strong corporate earnings, investors' sentiment remained weak, reflecting concerns over global economic instability and profit-taking activities that drove the market downward..................Read-More

The Securities and Exchange Commission (SEC), over the weekend, said its attention has been drawn to the activities of MY SHARE operating under the name, Uyj Multitrade Limited stressing that the firm is an illegal capital market operator.
The commission in a statement stated that the illegal firm holds itself out as an Investment Adviser/Fund Manager in the Nigerian capital market...............Read-More

Amid dwindling Naira value at the foreign exchange market, MTN Nigeria Communication Plc and six other Nigeria's leading manufacturing companies incurred a combined foreign exchange loss of N2.06 trillion in the 2024 financial year, about 28.9 per cent increase over N1.6 trillion recorded in 2023.
Others are: Nestle Nigeria Plc, Dangote Cement Plc, Lafarge Africa Plc, BUA Cement Plc and Nigerian Breweries Plc and Dangote Sugar Refinery Plc.................Read-More

Transnational Corporation Plc (Transcorp) has grown profit before tax (PBT) by 132 per cent to N136.7 billion last year, up from N58.8 billion in the previous year.
Similarly, profit after tax (PAT) climbed 188 per cent to N94.1 billion, compared to N32.6 billion in 2023. It also achieved a revenue growth of N408 billion last year, representing a 107 per cent increase compared to N197 billion in 2023..................Read-More

TotalEnergies Marketing Nigeria Plc has projected a revenue of N191.61bn for the second quarter of 2025, according to its forecast of the statement of profit or loss and other comprehensive income recently filed with the Nigerian Exchange Limited.
The company anticipates a gross profit of N25.7bn for the period spanning April to June 2025, after accounting for a cost of sales of N165.9bn. .............Read-More

AXA Mansard Insurance Plc has projected an insurance revenue of N86.78bn for the second quarter of 2025, according to a forecast statement filed with the Nigerian Exchange Limited.
The statement, signed by the company secretary, Omowunmi Adewusi, showed that the firm anticipates an insurance service result of N10.50bn after deducting an insurance service expense of N47.23bn.............Read-More