BREAKING: Risevest operating illegally, Nigerians at risk of fraud, SEC insists
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians against engaging with Risevest Technologies Limited, a firm that presents itself as a Digital Dollar/Fund Manager in...
View ArticleBDCs explain why Naira will be strong in 2025
Bureau de Change (BDC) operators in Nigeria have expressed optimism about the Naira's prospects in 2025, forecasting a stronger currency buoyed by anticipated reforms in the country’s foreign exchange...
View ArticleAradel reports N321.6 billion pre-tax profits, up 187% YoY
Aradel Holdings Plc has reported a profit before tax of N321.6 billion for the year ended December 31, 2024, representing a 187% year-over-year (YoY) growth from the previous year. The post Aradel...
View ArticleCadbury Nigeria recovers to N2 billion pre-tax profit in Q4 2024, cuts...
Cadbury Nigeria PLC has reported a pre-tax profit of N2 billion for the fourth quarter of 2024 in its recently released financial statement on the Nigerian Exchange (NGX) on January 27, 2025. The...
View ArticleNaira strengthens to N1,635/$1 in parallel market as FX market shows signs of...
The Nigerian naira appreciated to N1,635 per dollar in the parallel market on Tuesday, strengthening from N1,650 per dollar recorded on Tuesday. The post Naira strengthens to N1,635/$1 in parallel...
View ArticleNorthern Nigeria Flour Mills Q3 pre-tax profit hits N2.3 billion, as...
Northern Nigeria Flour Mills Plc has announced a third quarter (Q3) pretax profit of N2.3 billion in its latest financial report, published on the NGX on the 29th of January 2025. The post Northern...
View ArticleMarket Wrap: All-Share gains 590.99 points as ARADEL and CHELLARAM top gainers
The All-Share Index closed the trading day on January 29, 2025, with a positive performance, rising by 590.99 points to reach 104,549.74. This marks a 0.57% increase from the previous close of...
View ArticleGeregu Power post record pre-tax profit of N41.2 billion, up 69.5%
Geregu Power Plc released its 2024 full-year audited accounts showing pre-tax profit for the period under review also rose 69.5% to N41.2 billion. The post Geregu Power post record pre-tax profit of...
View ArticleTotalEnergies sees 140% surge in FY 2024 pre-tax profit as revenue hits N1...
TotalEnergies Marketing Nigeria Plc announced a pre-tax profit of N415.5 million for the fourth quarter of 2024, as detailed in its latest financial report released on the Nigerian Exchange (NGX) on...
View ArticleTelcos’ 50% tariff hike: A lifeline or a double-edged sword for Airtel...
As previously noted, the Nigerian Communications Commission’s (NCC) approval of a 50% tariff increase marks a pivotal moment for the telecom sector, with the potential to reshape the financial outlook...
View ArticleAirtel Africa reports $248 million profit after tax in 9 months, boosted by...
Airtel Africa has reported a $248 million profit after tax for the nine-month period ending December 31, 2024. This shows a significant growth when compared with the $2 million reported for the same...
View ArticleMarket Wrap: All-Share climbs to 104,744, HONYFLOUR sees gains, FBNH...
The All-Share Index concluded the trading session on January 30, 2025, in a positive light, climbing by 194.69 points to reach a total of 104,744.43. The post Market Wrap: All-Share climbs to...
View ArticleMRS Oil Nigeria reports 63% surge in FY 2024 pre-tax profit, amid strong PMS...
MRS Oil Nigeria Plc reported a pre-tax profit of N403.5 million for Q4 2024 in its recent financial statement, published on the Nigerian Exchange (NGX) on January 29, 2025. This marks a 60.67% decline...
View ArticleFCMB Group reports N117.2 billion pre-tax profit as gross earnings jump 53.9%...
FCMB Group Plc reported a pre-tax profit of N117.2 billion for the year ended December 31, 2024, in a financial report released on the Nigerian Exchange (NGX) on January 30, 2025. This figure...
View ArticleU.S. President’s trade tariff threat increases Bitcoin,Gold appeal
U.S. President Donald Trump's trade tariff threat on global trade has increased the appeal of Bitcoin and gold. The post U.S. President’s trade tariff threat increases Bitcoin,Gold appeal appeared...
View ArticleWema Bank’s pre-tax profit soars 134% to N102 billion in 2024
Wema Bank Plc has reported a profit before tax of N102.105 billion for the year ended December 31, 2024, marking a 134% year-over-year (YoY) growth from the previous year. The unaudited Group financial...
View ArticleBUA Foods soars 288% in Q4 pre-tax profit, as full-year revenue hits N1.5...
BUA Foods Plc reported a pre-tax profit of N73.4 billion for the fourth quarter of 2024 in its latest financial report released on the Nigerian Exchange (NGX) on January 30, 2025. This represents a...
View ArticleFBN Holdings pre-tax profit surges by 142% to N862 billion in 2024
FBN Holdings has delivered impressive financial performance in 2024, posting a 142% YoY growth in pre-tax profit to N862.391 billion. This strong growth is driven by significant improvements across key...
View ArticleTRUMP token struggles as market cap drops by $2 billion in a week
The TRUMP memecoin, once celebrated as the financial embodiment of the MAGA movement, has experienced a dramatic decline, with its market capitalization falling from $7.07 billion to $5.07 billion....
View ArticleExchange rate appreciates to N1,610/$1 in parallel market
The Nigerian naira appreciated against the U.S. dollar in the parallel market on Friday, closing at N1,610/$1, compared to N1,630/$1 recorded on Thursday. The post Exchange rate appreciates to...
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