The Nigerian stock market yesterday maintained its upward momentum as the overall capitalisation rose by N342 billion on investors' demand for First Holdco that gained 5.9 per cent. 
The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 544.06 basis points or 0.52 per cent to close at 105,283.67 basis points..............Read-More

The Federal Government plans to raise between N900bn and N1.2tn from the domestic bond market in the second quarter of 2025, a sharp drop from the N1.8tn targeted in the first quarter of the year.
This is according to the FGN Bond Issuance Calendar for Q2 2025, newly released by the Debt Management Office...............Read-More

The Debt Management Office (DMO), has announced plans to reopen two federal government bonds for auctioning, valued at N350 billion, for subscriptions of N1,000 per unit.
The FGN savings bond offers are targeted at retail investors with guaranteed quarterly interest payments and repayment of the principal at maturity. ..............Read-More

Nigerian banks may report lower profits this year compared to the previous year, as the naira's recent stability eliminates the extraordinary foreign exchange (FX) revaluation gains that boosted earnings in 2023, financial experts have said.
The era of windfall profits from currency depreciation appears to be over, and industry watchers believe that upcoming results will reflect the new reality................Read-More

MTN Nigeria has set the target of between seven and 12 per cent contribution to Nigeria's gross domestic product.
The telco said it currently contributes six per cent to the GDP, adding that it is committed to empowering the next generation through digital literacy..............Read-More

United Bank for Africa Plc has announced a growth in its profit for the first quarter of 2025, recording a profit after tax of N189.8bn. This represents a rise from the N142.6bn reported in the same period last year.
In its Condensed Consolidated Statements of Comprehensive Income for the three months ended 31 March 2025, UBA reported a 36 per cent rise in interest income, which climbed...............Read-More

VFD Group Plc has clarified that the recent markdown in shares is a technical adjustment due to the dilution effect caused by the 5-for-1 bonus share offer and the 2025 dividend declaration.
The company, in an official statement, confirmed to shareholders and investors that the bonus sees every shareholder receiving five additional shares...............Read-More