Naira appreciates to N1,514/$1 in parallel market as CBN leaves banks with...
The naira's strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market on Wednesday, February 19, 2025. The post Naira appreciates to N1,514/$1...
View ArticleTreasury Bills yield crashes as market awaits MPC decision
Yields on Nigerian Treasury Bills dropped significantly in the latest auction, reflecting changing market conditions as investors anticipate the Central Bank of Nigeria’s (CBN) first Monetary Policy...
View ArticleNaira settles near N1,500/$ baseline in unofficial market
The Nigerian naira posted decent gains against the American dollar on the parallel foreign exchange market during the mid-week trading session, amid ongoing improved market sentiments in Nigeria's...
View ArticleVFD Group approves N5 Billion capital injection for V Bank, indicates intention
VFD Group announced that its board has approved a capital injection of N5 billion into VFD Microfinance Bank (V Bank), dated February 18, 2025. The post VFD Group approves N5 Billion capital injection...
View ArticleJumia cuts operating loss by 10% in 2024 amid revenue decline
Africa’s e-commerce giant Jumia on Thursday released its earnings statement for Q4 and full year 2024, reporting a 10 % decline year-on-year in its operating loss to $66 million from $73.3 million in...
View ArticleAll-Share drops 0.04% amid decline in FUGAZ stocks; ELLAHLAKES dominates...
The All-Share Index closed the trading session on February 20, 2025, in negative territory, declining by 41.01 points to finish at 108,568.50. The post All-Share drops 0.04% amid decline in FUGAZ...
View ArticleUPDC share price surge: A compelling rally or a speculative bubble?
UPDC’s share price has surged a whopping 94.97% YTD, making it the third-best performing stock on the Nigerian Exchange as of February 21, 2025. The post UPDC share price surge: A compelling rally or a...
View ArticleSterling delays Audited Financial Statement for 2024, blames banking system...
Sterling Financial Holdings Company Plc has communicated to the public and the Nigerian Exchange Group (NGX) regarding the delayed filing of its Audited Financial Statements for the fiscal year ending...
View ArticleAll-Share Index sheds N300 billion in market cap; JAIZBANK, ZENITHBANK lead...
The All-Share Index concluded the trading session on February 24, 2025, in negative territory, declining by 370.43 points to finish at 108,126.97. The post All-Share Index sheds N300 billion in...
View ArticleBitcoin drops below $91K as Trump’s tariffs spark inflation fears
Bitcoin (BTC), the world’s leading cryptocurrency, experienced a significant drop, falling below $91,000 as of February 25, 2025. The crash followed reports of US President Donald Trump’s tariffs...
View ArticleTrump tariffs threat turns Crypto market into Red Sea
Bitcoin and the altcoin market turned pessimistic after US President Donald Trump announced he would proceed with tariffs on Canada and Mexico in March. The post Trump tariffs threat turns Crypto...
View ArticleAnalysts predict 50% surge in paddy rice for 2025, reveals forecast for sorghum
Analysts at Africa Exchange (AFEX) have projected a 50% year-over-year rise in paddy rice prices for 2025, citing the likely effects of the 150-day import waiver on food commodities. The post Analysts...
View ArticleCadbury Nigeria 2024 performance: Sweet revival or bittersweet recovery?
Cadbury Nigeria’s share price has been on a tear, surging 35.4% year-to-date to N29.10, extending a 59.66% return in 2023. The post Cadbury Nigeria 2024 performance: Sweet revival or bittersweet...
View ArticleFGN bond auction records N1.63 trillion subscriptions in February amid...
The Federal Government of Nigeria’s (FGN) bond auction for February 2025 recorded a significant surge in investor demand, with total subscriptions soaring to N1.63 trillion, a sharp increase from the...
View ArticleShares of PZ Cussons Nigeria gain over 24% in February, eyes recovery from...
Shares of PZ Cussons Nigeria PLC have surged over 24% so far in February 2025, climbing from an opening price of N23 to N29 as the company attempts to recover from a pullback in 2024. The post Shares...
View ArticlePZ Cussons Nigeria’s debt-to-equity swap: Lifeline or dilution trap?
This article analyzes PZ Cussons Nigeria’s debt-to-equity swap and its impact. The post PZ Cussons Nigeria’s debt-to-equity swap: Lifeline or dilution trap? appeared first on Nairametrics.
View ArticleAll-Share Index dips 0.32%, falls below 108,000-mark; ACCESSCORP dominates...
The All-Share Index concluded the trading session on February 25, 2025, in negative territory, experiencing a decline of 345.19 points to settle at 107,781.78. This decrease translates to a 0.32% drop...
View ArticleTranscorp Power approves final dividend of N3.50 per share, other resolutions...
Transcorp Power Plc has announced the approval of a final dividend of N3.50 per ordinary share, recommended by its directors for the fiscal year ending December 31, 2024. The post Transcorp Power...
View ArticleCaverton announces joint venture with NNPC’s Stena Bulk, reveals foreseeable...
Caverton Offshore Support Group Plc has announced a joint venture involving the Nigerian National Petroleum Corporation (NNPC) Shipping, Stena Bulk, and its subsidiary, Caverton Marine Limited, which...
View ArticleTranscorp Hotels’ pre-tax profit soars 138% to N22.6B in 2024, announces...
Transcorp Hotels Plc has reported a profit before tax (PBT) of N22.613 billion for the year ended December 31, 2024, marking an impressive 138.48% year-on-year (YoY) growth. The post Transcorp...
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