Oando reports N47.7 billion pre-tax profit as full-year revenues top N4.1...
Oando Plc has disclosed a full-year pre-tax profit of N47.7 billion in its latest unaudited financial report for 2024, released on the Nigerian Exchange on January 30, 2025. This figure shows a decline...
View ArticleMarket Wrap: All-Share Index drops 248 points; OANDO and STANBIC decline
The All-Share Index concluded the trading session on January 31, 2025, on a negative note, declining by 248.31 points to finish at 104,496.12. The post Market Wrap: All-Share Index drops 248 points;...
View ArticleStanbic IBTC’s pre-tax profit surges 76% to N304 Billion in 2024
Stanbic IBTC posted an impressive pre-tax profit of N303.8 billion, reflecting a 75.70% YoY growth. The post Stanbic IBTC’s pre-tax profit surges 76% to N304 Billion in 2024 appeared first on...
View ArticleConoil reports N13.806 billion pre-tax profits, up 12.45% YoY
Conoil Plc has reported a profit before tax of N13.806 billion for the year ended December 31, 2024, representing a 12.45% year-over-year (YoY) growth from the previous year. The unaudited Group...
View ArticleSterling Holdings pre-tax profit surges by 97% to N44.753 billion in 2024
Sterling Financial Holdings Company Plc has released its unaudited interim results for the year ended December 31, 2024, reporting an impressive 97.21% YoY increase in pre-tax profit to N44.753...
View ArticleNigerian Stocks post solid gains as January ends in green
The All-Share Index concluded January 2025 on a bullish trajectory, soaring by 1,567.55 points to reach 104,496.12 points at the market's close on January 31st. The post Nigerian Stocks post solid...
View ArticlePresco PLC reports N128 billion full-year pre-tax profit as revenue soars 93%
Presco PLC has announced a full-year pre-tax profit of N128 billion in its latest financial report, released on the Nigerian Exchange (NGX) on January 31, 2025. The post Presco PLC reports N128...
View ArticleBitcoin, XRP, Ethereum crash, sinks 729,728 traders in Crypto Market
XRP, Dogecoin (DOGE), and Cardano's ADA dropped more than 25%, reaching pre-U.S. early November election levels. The post Bitcoin, XRP, Ethereum crash, sinks 729,728 traders in Crypto Market appeared...
View ArticleNaira closes January at N1,475/$1 NAFEM rate, strongest since June 2024
The Nigerian Naira closed January 2025 at N1,475/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), marking its strongest performance since June 2024. The post Naira closes January at...
View ArticleJulius Berger’s pre-tax profit for FY 2024 jumps 32% as total revenue ascends...
Julius Berger has reported a pre-tax profit of N29.5 billion for the full year ending December 31, 2024, as outlined in their financial report published on the Nigerian Exchange (NGX) on January 31,...
View ArticleFidson Healthcare achieves 27% growth in FY 2024 pre-tax profit as full-year...
Fidson Healthcare PLC has reported a full-year pre-tax profit of N7.5 billion in its recent unaudited financial report, published on the Nigerian Exchange (NGX) on January 30, 2025. The post Fidson...
View ArticleMarket Wrap: All-Share Index climbs 0.13% as PRESCO, BETAGLAS, and other...
The Nigerian stock market, tracked by the All-Share Index, concluded the trading session on February 3, 2025, on a positive note, gaining 134.18 points to close at 104,630.30. The post Market Wrap:...
View ArticleNaira appreciates to N1,605/$1 in parallel market on Monday
The naira made a significant recovery in the parallel market, appreciating by N5 against the US dollar on Monday. The post Naira appreciates to N1,605/$1 in parallel market on Monday appeared first...
View ArticleCrypto markets rebound as Trump pauses proposed tariffs on Canada and Mexico
The cryptocurrency market experienced a sharp rebound after U.S. President Donald Trump agreed to temporarily halt proposed tariffs on Canada and Mexico as negotiations with the two countries continue....
View ArticleNigeria’s FX reserves fall by $1.16 billion in January as CBN boosts dollar...
Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded in December 2024. The post Nigeria’s FX reserves fall by...
View ArticleBeta Glass reports N21 billion full-year pretax profit amid boom in glassware...
Beta Glass PLC has reported a full-year pre-tax profit of N21 billion in its latest financial report released on the Nigerian exchange, highlighting the company's performance for 2024. The post Beta...
View ArticleTop-performing Nigerian equity funds in January 2025
The Nigerian stock market started the year on a positive note, with the All-Share Index (ASI) posting a 1.53% gain in January 2025. The post Top-performing Nigerian equity funds in January 2025...
View ArticleGold hit a new high, Bitcoin falls below $100K again
Bitcoin saw notable volatility in the face of growing geopolitical uncertainty triggered by trade tariffs. The post Gold hit a new high, Bitcoin falls below $100K again appeared first on Nairametrics.
View ArticleExchange rate stabilises mid-week as Naira strengthens to N1,605/$1 in...
The exchange rate between the naira and the US dollar showed signs of stability mid-week, trading at N1,605/$1 in the parallel market on Wednesday, February 5, 2025. The post Exchange rate stabilises...
View ArticleSEC advocates for blockchain technology to enhance capital market regulation...
The Securities and Exchange Commission (SEC) has highlighted the potential of blockchain technology to improve efficiency and enhance the regulation of the capital market. The post SEC advocates for...
View Article