Stanbic IBTC announces delay in release of Audited Financial Statements for...
Stanbic IBTC Holdings PLC has informed the NGX and the public that it may encounter a slight delay in the release of its Audited Financial Statement for the full year of 2024. The post Stanbic IBTC...
View ArticleFBI accuses North Korea of $1.5 billion crypto heist from Bybit
The US Federal Bureau of Investigation (FBI) has accused North Korea of orchestrating the theft of $1.5 billion worth of digital assets from cryptocurrency exchange Bybit last week, marking the largest...
View ArticleNestlé Nigeria reports N221.6 billion loss before tax in 2024, returns to...
Nestlé Nigeria Plc has reported a loss before tax (LBT) of N221.589 billion for the financial year ended December 31, 2024, representing a 113% year-on-year (YoY) increase from 2023. The post Nestlé...
View ArticleAll-Share Index falls 0.11%; OANDO and PZ Cussons surge, FCMB trades 102...
The All-Share Index closed the trading session on February 27, 2025, in negative territory, declining by 123.53 points to reach 107,675.46. The post All-Share Index falls 0.11%; OANDO and PZ Cussons...
View ArticleTrump’s trade tariffs send Bitcoin below $80K
Bitcoin entered a corrective phase, dropping below $80,000 and losing almost 37% of its peak of $109K, which was reached during Trump’s inauguration on January 20. The asset’s recent bad performance...
View ArticleMTN Nigeria records N400.4 billion loss after tax in 2024 despite revenue...
MTN Nigeria Communications Plc recorded a N400.4 billion loss after tax in the full year of 2024 despite a 35.9% growth in revenue to N3.3 trillion. This is according to its audited financial results...
View ArticleLafarge Africa posts N152.2 billion pre-tax profit in 2024, declares a final...
Lafarge Africa Plc has unveiled its financial report for the year ending 31 December 2024, reporting a pre-tax profit of N152.2 billion. The post Lafarge Africa posts N152.2 billion pre-tax profit...
View ArticleNaira falls to N1,500/$1 in parallel market as FX pressure mounts
The Nigerian naira depreciated further in the parallel market on Friday, closing at N1,500 per dollar as foreign exchange (FX) scarcity continues to pressure the local currency. The post Naira falls...
View ArticleBDC operators request exemption of excise taxes on forex transactions
The Association of Bureau De Change Operators (ABCON) has requested the exemption of excise taxes on foreign exchange transactions. Excise duty is a tax charged on manufactured goods, levied at the...
View ArticleABC Transport surges by 24% in February, closes final trading week in the green
ABC Transport Plc has gained over 24% month-to-date as of the last trading day of February 2025, rising from an opening price of N1.14 to N1.42. The company recently released its full-year results for...
View ArticleNaira surges in parallel market; hits strongest level against dollar, euro,...
The Nigerian naira made a significant comeback in February 2025, appreciating against the US dollar, British pound, and euro in the parallel market. This marks a positive shift from its previous...
View ArticleBUA Cement reports N99.630 billion pre-tax profit, up 48.20% in 2024
BUA Cement Plc has reported profit before tax of N99.630 billion for the financial year ended December 31, 2024, representing a 48.20% year-on-year (YoY) increase from 2023. The post BUA Cement...
View ArticleMTN MoMo active wallet users decline by 47% in 2024
MTN Nigeria has said that its mobile money subsidiary, MoMo PSB, recorded a 47% decline in active wallet users at the end of 2024. The post MTN MoMo active wallet users decline by 47% in 2024...
View ArticleNGX Group’s pre-tax profit hits N13.58 billion in 2024, declares record N2...
The Nigerian Exchange Group has reported its 2024 full-year results, showing a 157.62% surge in pre-tax profit to N13.581 billion, compared to N5.272 billion in 2023. The post NGX Group’s pre-tax...
View ArticleNaira shows biggest sign of stability for 2025 after holding firm in February
The Nigerian naira showed its biggest sign of stability in February, despite closing the month 1.6% weaker in the official market. The post Naira shows biggest sign of stability for 2025 after holding...
View ArticleDangote Cement reports N732.537 billion pre-tax profit in 2024, sustains...
Dangote Cement Plc has reported a profit before tax of N732.537 billion for the financial year ended December 31, 2024, representing a 32.44% year-on-year (YoY) increase from 2023. The post Dangote...
View ArticleMecure reports a 10.49% decline in pre-tax profit in 2024
Mecure Industries Plc has reported a pre-tax profit of N3.303 billion for the financial year that ended December 31, 2024, representing a 10.49% year-on-year (YoY) decline from 2023. The decline was...
View ArticleNigerian stock market ends February in the green, as Dangote Cement, shines
The All-Share Index closed February 2025 on a strong note, rising 3,325.27 points to 107,821.39 points by February 28th. This represents a 3.18% increase from the month’s opening figure of 104,496.12...
View ArticlePresident Trump turns Bitcoin green like Nigerian Flag
Bitcoin experienced a substantial increase, climbing around 20% from its recent lows, while other cryptocurrencies mentioned by President Donald Trump in a recent Truth Social post also experienced a...
View ArticleDangote Cement’s 2024 N30 dividend: Will it reignite another share price rally?
Investors hoping for a bigger payday from Dangote Cement’s 2024 earnings just got a reality check: the dividend remains stuck at N30 per share, unchanged from 2023. The post Dangote Cement’s 2024 N30...
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