Nigeria’s top-performing Stocks in January 2025: Key winners & market insights
The Nigerian equities market started 2025 on a moderate bullish note, posting a 1.53% gain in January. The post Nigeria’s top-performing Stocks in January 2025: Key winners & market insights...
View ArticleMarket Wrap: All-Share tops 105,000; FUGAZ stocks up, ACCESSCORP hits N12.5...
The Nigerian stock market, tracked by the All-Share Index, concluded the trading session on February 5, 2025, on a positive note, gaining 536.54 points to close at 105,324.89. The post Market Wrap:...
View ArticleUAC of Nigeria achieves 109% profit increase for 2024, reports strong sales,...
UAC of Nigeria PLC has reported a full-year pre-tax profit of N25.8 billion for 2024, marking a 109.30% increase from last year’s N12.3 billion. In the fourth quarter alone, pre-tax profit reached N4.8...
View ArticleBitcoin dips 11% to $97.3K as TRUMP price surges 10% on Thursday
Bitcoin (BTC) has experienced a significant drop, falling below the crucial $100,000 mark and triggering industry-wide liquidations worth over $2 billion. As of Thursday morning, BTC/USD was trading at...
View ArticleNigeria’s money market mutual fund yields average 20.58% in January: Top...
In the face of Nigeria’s high inflation, money market mutual funds have continued to attract investor interest with competitive returns. The post Nigeria’s money market mutual fund yields average...
View ArticleFG Treasury Bills attract over N3.1 trillion in subscriptions in February...
The Federal Government of Nigeria, through the Central Bank of Nigeria (CBN), has released the results of its Treasury Bills (T-Bills) auction conducted on February 5, 2025. The auction, which featured...
View ArticleNaira strengthens at unofficial market, breaks below N1,600/$
The Nigerian currency showed strength in the black market but dipped for the third consecutive time against the dollar at Nigeria’s official foreign exchange market. The post Naira strengthens at...
View ArticleNigeria’s Eurobond yield drops to 39-day low as investor interest rises
Average Nigeria’s Eurobond yield declined to 9.13% on Tuesday, February 4, 2025, down from 9.21% recorded the previous day, marking a 7.76 basis points (bps) decrease. The post Nigeria’s Eurobond yield...
View ArticleAnalysts predict rise in consumer goods stocks for February 2025, reveal top...
Analysts at CardinalStone have projected an optimistic outlook for consumer goods stocks throughout February 2025, amid a series of financial statements released in late January and early February....
View ArticleUACN Plc pre-tax profit surges by 109% to N25.828 billion in 2024
UAC of Nigeria Plc has reported a profit before tax of N25.828 billion for the year ended December 31, 2024, representing 109.30% year-over-year (YoY) growth from the previous year. The post UACN Plc...
View ArticleBitcoin and Ethereum options worth over $3 billion set to expire today
Bitcoin (BTC) and Ethereum (ETH) options worth a combined $3.12 billion are set to expire today, potentially impacting market trends. The post Bitcoin and Ethereum options worth over $3 billion set...
View ArticleTop 10 Nigerian stockbrokers for January 2025 based on trading value
On January 31, 2025, the Nigerian Exchange Group (NGX) released a report ranking the top ten stockbrokers in Nigeria, based on the total trading volumes and values they facilitated throughout the...
View ArticleUACN Plc’s pre-tax profit surges by 109% to N25.828 billion in 2024
UAC of Nigeria Plc has reported a profit before tax of N25.828 billion for the year ended December 31, 2024, representing 109.30% year-over-year (YoY) growth from the previous year. The post UACN...
View ArticleNaira strengthens, trades below N1,555/$1 in parallel market
The Nigerian naira showed significant stability in the first week of February 2025, trading below N1,555/$1 in the parallel market, signaling a strong appreciation against the US dollar, market sources...
View ArticleAll-Share gains 502 points; ZENITHBANK lead volume, ACADEMY soars
The Nigerian stock market, tracked by the All-Share Index, concluded the trading session on February 7, 2025, on a positive note, gaining 502.88 points to close at 105,933.03. The post All-Share...
View ArticleFidelity Bank Plc increases share capital to N36.7 billion, reveals issuance...
Fidelity Bank Plc has announced an increase in its issued share capital with the addition of 20,000,000,000 ordinary shares at N0.50 each, elevating its total share capital to N36.7 billion. This...
View ArticleBeta Glass Plc: Buy, Sell, or Hold?
Beta Glass Plc, a player in the Industrial Goods and Packaging/Container sector of the NGX, has shown impressive stock performance so far in 2025. As of February 5, 2025, the stock has delivered a...
View ArticleWeekly Market Wrap: All-Share climbs 1.38% amid gains in Premium stocks and...
The All-Share Index concluded the trading week ending on 7th February 2025 with a notable increase, rising by 1,436.91 points to reach a closing value of 105,933.03. This marks a 1.38% gain compared to...
View ArticleGuinness Nigeria’s turnaround: A sustainable recovery or just a lucky break?
After several quarters in the red, Guinness Nigeria Plc has finally clawed its way back to profitability. The post Guinness Nigeria’s turnaround: A sustainable recovery or just a lucky break?...
View ArticleNEM Insurance: Strong profits, rising stock, should investors take a position?
NEM Insurance has been on a strong rally this year, closing at N13.20 per share on Friday, February 7, 2025, marking a 9.5% gain from its previous closing price of N12.05. This makes it the...
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