Stock Market Up N153bn on H1 Earnings Report Optimism - Thisday |
The Nigerian stock market yesterday commenced the week on a positive note with a gain of N153 billion, reflecting sustained investor optimism over half year ended June 2025 corporate earnings of listed companies. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained 241.11 basis points or 0.18 per cent to close at 131,826.77 basis points with the Month-to-Date and Year-to-Date returns settled higher at +9.9per cent and +28.1per cent, respectively..............Read-More |
Businesses expect interest rate cut as MPC reconvenes today - Punch |
Manufacturers and business owners have expressed an expectation for a cut in the benchmark rate at the end of the ongoing Monetary Policy Committee meeting in Abuja. The expectation comes off the back of a hold stance of the MPC of the Central Bank of Nigeria, which has held the rate at 27.50 per cent in the first half of the year, even as headline inflation has consistently declined....................Read-More |
Stocks shed 40% in 2025, despite N20tr market-wide rally - Guardian |
Despite the unprecedented N20.1 trillion gain in market capitalisation since the beginning of the year, six stocks lost an average of 40 per cent of their value year-to-date (YTD). The six companies "" VFG Group, Sunu Assurance, Conoil. MRS Oil, Julius Berger and Morison Industries "" with a combined market capitalisation of N531.59 billion underperformed the index, emerging as the top six worst-performing stocks on Nigerian Exchange Limited (NGX) this year.....................Read-More |
High interest rates now Nigeria's biggest business threat ""CBN - The Sun |
Businesses across Nigeria are feeling the squeeze of rising borrowing costs, with high interest rates emerging as the most pressing constraint to operations in June 2025, according to the Central Bank of Nigeria's latest Business Expectations Survey which was released on Monday. The report, published by the CBN's Statistics Department, reveals that firms gave interest rates a constraint index score of 75.6, edging out perennial challenges like insecurity (75.2) and insufficient power supply (74.3)..............Read-More |
See 7 investment platforms flagged as Ponzi scheme by SEC so far in 2025 - Nairametrics |
With the increasing penetration of social media and digital finance tools, more Nigerians are falling prey to dubious platforms promising quick and unrealistic returns. The Securities and Exchange Commission (SEC) has responded with repeated public warnings, investor sensitization campaigns, and regulatory enforcement actions to shield investors from such scams..............Read-More |
Craneburg lists N32.5bn infrastructure bond on NGX - Punch |
Craneburg EKSG Motorway Company Plc has listed its N32.5bn 20-year 22 per cent senior guaranteed fixed-rate infrastructure bond on the Nigerian Exchange Limited. The bond, which was admitted for trading on Monday, July 21, 2025, is due for maturity in April 2045. It is backed by Infrastructure Credit Guarantee Company Limited and carries a fixed annual coupon of 22 per cent, with semi-annual interest payments................Read-More |
Oando targets N500bn capital raise - Punch |
Oando Plc has announced plans to raise up to N500bn in additional capital through a mix of equity and debt instruments, subject to shareholder approval at its upcoming 46th Annual General Meeting. According to the notice of meeting filed with the Nigerian Exchange Limited on Monday, the capital raise is aimed at strengthening the company's financial position and enabling it to pursue new business opportunities..............Read-More |
Lafarge Africa posts N132.7bn profit - Punch |
Lafarge Africa Plc has recorded a profit after tax of N132.7bn for the six months ended June 30, 2025, representing an increase from N29.4bn in the same period last year. According to its Statements of Profit or Loss and Other Comprehensive Income for the period ended June 30 and filed with the Nigerian Exchange Limited on Monday, its revenue for the first half of 2025 surged by 75 per cent to N517.0bn from N295.6bn in H1 2024.................Read-More |
Seplat Banks on Indigenous Capacity, Innovation to Boost Oil Production - Thisday |
Seplat Energy Plc, has reinforced its commitment to responsible leadership and sector transformation, noting that with its indigenous capacity and deployment of innovative strategies, it was set to markedly impact the oil sector in the country positively. Participating in the 13th Annual BusinessDay CEO Forum Nigeria, with the theme, ...Nigeria: From Reform to Recovery," Seplat Energy's...............Read-More |