NGX extends bearish trend as ASI falls by 0.66% amid continued profit-taking
The Nigerian Exchange’s All-Share Index (ASI) ended the trading session in red on Tuesday, continuing its downward trend from Monday. The post NGX extends bearish trend as ASI falls by 0.66% amid...
View ArticleNestle Nigeria Plc posts N255 billion pre-tax losses in first nine months of...
In the first nine months of 2024, Nestle Nigeria Plc recorded a pre-tax loss of N255.38 billion on the back of significant increase in finance cost. The post Nestle Nigeria Plc posts N255 billion...
View ArticleEcobank reports Q3 2024 pre-tax profit of N265.029 billion
Ecobank Plc has reported its 2024 third-quarter results showing pre-tax profits grew by 136.94% year on year, reaching N265.029 billion. The post Ecobank reports Q3 2024 pre-tax profit of N265.029...
View ArticleSeplat Energy reports 483% profit growth in Q3 2024; declares US$3.6 Cents...
Seplat Energy has released its unaudited Q3 2024 results, reporting an impressive 532.15% year-on-year (YoY) growth in profit before tax (PBT) to N122.663 billion. The post Seplat Energy reports 483%...
View ArticleGTCO pre-tax profits hit N1.2 trillion in first 9 months of 2024
GTCO Plc released its third-quarter results, showing that pre-tax profits rose to N215.69 billion, compared to N105.8 billion recorded in the corresponding quarter of 2023. The post GTCO pre-tax...
View ArticleCrypto Market turns green as Bitcoin nears its all-time high of $73,737
The crypto market is basking in the green as major assets experience an upward surge as anticipated by analysts. The post Crypto Market turns green as Bitcoin nears its all-time high of $73,737...
View ArticleBitwise CIO says Bitcoin could hit $200,000 without a dollar collapse
Bitwise Chief Investment Officer (CIO) Matt Hougan has stated that the flagship cryptocurrency could go as high as $200,000 without the dollar collapsing. The post Bitwise CIO says Bitcoin could hit...
View ArticleFBN Holdings 9 months pre-tax profit rises 128% to N610 billion, boosts...
Nigeria oldest financial institution, FBN Holdings released its 2024 third quarter results showing a pre-tax profit of N198.871 billion, representing a 216.50% YoY growth. The post FBN Holdings 9...
View ArticleAfrican crypto adoption surges by 189% as youths prefer telegram over...
Research by leading cryptocurrency exchange Bitget has revealed that crypto adoption in Africa has surged by 189% and the technology is quite popular amongst the continent's young demographic. The...
View ArticlePump. fun earns over 1 million Sol, with its ecosystem market cap crossing...
Pump. fun, the Solana-based memecoin generator which allows users to create a memecoin instantly with few clicks has surpassed 1 million Solana in earnings with its ecosystem market capitalization...
View ArticleNigeria’s money supply surges to N108.9 trillion, up 68% in one year
Nigeria’s money supply (M3) has grown by 62.8% year-on-year (YoY) in September 2024, despite the Monetary Policy Committee’s (MPC) tightening stance aimed at curbing excess liquidity to control...
View ArticleAradel Holdings market value plummets by N960 billion two weeks after listing
Aradel Holdings Plc, listed on the Nigerian Exchange (NGX) Main Board on October 14, 2024, has witnessed a sharp drop in market value, with its capitalization plunging by close to N1 trillion. The...
View ArticleMarket Wrap Oct 30th: Sky Aviation leads gainers table, Jaiz Bank Plummets as...
The All-Share Index (ASI) closed the day in negative territory, dipping by 34.84 points to settle at 98,023.23, slipping below its opening value. The post Market Wrap Oct 30th: Sky Aviation leads...
View ArticleWema Bank posts N30 billion Q3 Profit, nine-month pre-tax profit hits N60.6...
Wema Bank released its third-quarter results, showing that pre-tax profits rose to N30.050 billion, compared to N10.059 billion recorded in the corresponding quarter of 2023. The post Wema Bank posts...
View ArticleBUA Foods grow pre-tax profit by 94% to N215.6 billion in nine months
BUA Foods in the first nine months of 2024 saw its pre-tax profit rise by 94% from N111.4 billion in the first nine months of 2023 to N215.66 billion. The post BUA Foods grow pre-tax profit by 94% to...
View ArticleNaira struggles at the official market, U.S dollar index shows recovery
The Nigerian currency slightly depreciated at the official market, as the U.S dollar index showed some recovery after Wednesday's sell-off. The post Naira struggles at the official market, U.S dollar...
View ArticleFidelity Bank reports N81 billion Q3 profit, nine-month pre-tax profit...
Fidelity Bank has released its financial results for the third quarter of 2024, reporting a pre-tax profit of N81.6 billion, marking a 135.5% increase from the N34.6 billion recorded in the same period...
View ArticleFlour Mills returns to profitability, posts N19.7 billion pre-tax profit in...
Flour Mills of Nigeria Plc in the six months ending September 30, 2024, reversed its losses posting a pre-tax profit of N19.7 billion. The post Flour Mills returns to profitability, posts N19.7...
View ArticleMTN Nigeria posts N514.9 billion loss in 9 months of 2024, blame Naira...
MTN Nigeria recorded a loss after tax of N514.9 billion for the first nine months of 2024, primarily attributed to naira depreciation, which increased foreign currency-denominated obligations. The...
View ArticleTomarket kick starts token generation event to 40 million users today
Tomarket is a crypto web 3 game project powered by Telegram and hosted on the Ton blockchain. The post Tomarket kick starts token generation event to 40 million users today appeared first on...
View Article