VFD Group reports N11.2 billion profit as investment income soars
VFD Group Plc has published its audited financial statement for the year ended December 31, 2024, reporting a pre-tax profit of N11.2 billion. The post VFD Group reports N11.2 billion profit as...
View ArticleISA 2025: Nigeria formally recognizes cryptocurrency as securities in new SEC...
Nigeria has formally recognized cryptocurrency and other virtual assets as securities for the first time. The post ISA 2025: Nigeria formally recognizes cryptocurrency as securities in new SEC Act...
View ArticleTop 10 Nigerian stockbrokers by transaction value in Q1 2025
Based on the value of shares transacted from January 1, 2025, to March 28, 2025, this article features the top ten stockbrokers in Nigeria The post Top 10 Nigerian stockbrokers by transaction value in...
View ArticleFCMB Group reports pre-tax profit of N111.8 billion as interest and operating...
FCMB Group Plc has reported a pre-tax profit of N111.8 billion for the full year ended 31st December 2024, as detailed in its recently released audited financial statement. The post FCMB Group...
View ArticleForex losses push International Breweries to N111.8 billion loss in 2024
International Breweries Plc has released its audited financial report for the period ending on 31 December 2024, revealing a pre-tax loss of N111.8 billion. The post Forex losses push International...
View ArticleAll-Share holds steady above N66 trillion, slips by 0.01%; UBA and UCAP lead...
The All-Share Index concluded the trading day on Friday, 4th April 2025, in the red, dipping by 13.37 points to settle at 105,511.89. The post All-Share holds steady above N66 trillion, slips by...
View ArticleTop performing stocks on the NGX in Q1 2025
The NGX All-Share Index (ASI) posted a modest 2.66% gain in Q1 2025, closing at 105,660.64 points. This marks a sharp contrast to the 39.84% return recorded in the same period last year. The post Top...
View ArticleNGX Lotus Islamic Index emerges as best-performing index in Q1 2025 with a...
The NGX Lotus Islamic Index recorded 8.56% increase, emerging as the best-performing index for Q1 2025, outperforming the NGX All-Share Index (ASI), which gained 2.66%. In Q1 2024, the index had a...
View ArticleTranscorp Hotels announces N7.6bn dividend for shareholders, plans flagship...
Transcorp Hotels Plc on Thursday announced the approval of a final dividend payment of 64 kobo per share for the 2024 financial year, bringing the total dividend payout to 74 kobo per share, amounting...
View ArticleNigeria’s official exchange rate crashes to N1,600/$1 as Trump tariffs rattle...
Nigeria’s official exchange rate crashed to N1,600/$1 at the end of trading on April 4, 2025, as Trump-era tariffs continued to rattle global markets. The post Nigeria’s official exchange rate crashes...
View ArticleCBN injects $197.71 million into FX market to boost liquidity and stability
The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange (FX) market on Friday, April 4, 2025, as part of its ongoing commitment to ensuring adequate liquidity and...
View ArticleWeekly Market Wrap: All-Share Index dips 0.14% as market activity declines,...
The Nigerian All-Share Index concluded the week ended April 4, 2025, on a downward note, decreasing by 148.75 points as price movements stalled. This decline represents a weekly drop of 0.14%, bringing...
View ArticleTotalEnergies reports 140.35% surge in full-year profit as revenue surpasses...
TotalEnergies Marketing Nigeria Plc has published its audited financial report for the period ended 31 December 2024, reporting a pre-tax profit of N42.2 billion. This represents a 140.35% increase...
View ArticleNigeria’s bond market in red, naira depreciates as Trump tariffs crater...
Nigeria’s financial markets are under pressure as global shocks triggered by new tariff threats from Donald Trump send ripples through emerging markets. On Monday morning, local bond and currency...
View ArticleBitcoin dips below $75k amid trade war turmoil
Bitcoin's price has plummeted below $75,000, hitting an intraday low of $74,637 as global markets wrestle with the aftermath of U.S. President Donald Trump's newly implemented tariff regime. The post...
View ArticleAXA Mansard declares a final dividend of 45 kobo for registered members
AXA Mansard Insurance Plc has announced a final dividend of 45k per ordinary share of N2.00 for shareholders listed in the Register of Members as of the close of business on June 25th, 2025. The post...
View ArticleBest performing Nigerian pension funds as of March 2025
The Nigerian pension industry witnessed varied performances across different Retirement Savings Account (RSA) funds in March 2025, as sixteen Pension Fund Administrators (PFAs) posted an average return...
View ArticleSoybean prices surge beyond N950.00 in the commodities market, eyes analysts’...
Soybean prices have risen above N950.00 in the commodities market, increasing by 15% and marking the fourth time in 2025 that the commodity has reached this level. This rise follows a prediction from...
View ArticleNaira plunges to N1,629/$1 at official market despite CBN’s $200 million...
The Naira fell sharply on Monday, closing at N1,629.00/$1 in the official Foreign Exchange Market. The post Naira plunges to N1,629/$1 at official market despite CBN’s $200 million intervention...
View ArticleTen Nigerian Companies incur N2.17 trillion in forex losses
Some of Nigeria’s leading companies incurred a combined forex loss of N2.17 trillion in the financial year 2024, according to data collated by Nairametrics from published financial statements. The...
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