Capital Market
Caverton returns to profit with N1.6bn
Caverton Offshore Support Group Plc has reversed its losses from the previous year, posting a profit after tax of N1.64bn for the first quarter ended March 31, 2025, driven by strong foreign exchange ...
5th May 2025
Financial services dominate as equity market gains N182bn
Trading activities on the Nigerian Exchange Limited ended on a positive note last week, as the equity market gained N182bn amid performance from financial services stocks. Despite a shortened trading ...
5th May 2025
ABC Transport suffers N116m FX loss
ABC Transport Plc reported a foreign exchange loss of N116.4m in the first quarter ended March 31, 2025, despite returning to profitability during the period under review. According to the company’s...
2nd May 2025
SEC flags Tofro as unregistered crypto platform
The Securities and Exchange Commission has flagged an online investment platform, Tofro.com, as an unregistered and potentially fraudulent cryptocurrency trading operation. In a public notice issued o...
2nd May 2025
Presco revenue doubles to N93.8bn
Presco Plc has reported a 120.4 per cent year-on-year growth in revenue for the first quarter ended 31 March 2025, rising to N93.8bn from N42.5bn recorded in the same period in 2024. According to its ...
2nd May 2025
GTCO records N300bn PBT
Guaranty Trust Holding Company Plc has reported a profit before tax of N300.4bn for the first quarter ended March 31, 2025, demonstrating resilience in its core earnings and continued leadership in Ni...
2nd May 2025
Firm unveils talent development programme for youths
Blanche Aigle Communications has launched a talent development programme designed to equip young graduates with practical skills for the communications and digital media industries. In a statement rel...
2nd May 2025
Improved income drives NGX Group to profitability
The Nigerian Exchange Group Plc recorded a 58 per cent rise in profit after tax to N2.11bn in the first quarter ended March 31, 2025, compared to N1.34bn reported in the corresponding period of 2024. ...
1st May 2025
BUA Foods records N125.3bn PAT
Bua Foods Plc has posted a profit after tax of N125.3bn for the first quarter ended March 31, 2025, representing a 124.5 per cent increase from N55.8bn recorded in the same period of 2024. According t...
1st May 2025
Nestlé returns to profit with N30.2bn gain
Nestlé Nigeria Plc has returned to profitability in the first quarter of 2025, posting a profit after tax of N30.2bn, a significant recovery from a loss of N142.7bn recorded in the same period of 202...
1st May 2025
Ecobank posts N187.1bn profit in Q1
Ecobank Transnational Incorporated has reported a profit after tax of N187.1bn for the first quarter of 2025, marking a 33 per cent increase compared to N140.9bn in the same period of 2024. In the ban...
1st May 2025
CIS, tertiary institutions partner on securities careers
The Chartered Institute of Stockbrokers has forged strategic partnerships with several tertiary institutions in Nigeria to promote the securities and investment profession among the youth. This collab...
1st May 2025
Nigerian Breweries posts N45bn profit
Nigerian Breweries Plc has returned to profitability, recording a profit after tax of N45bn in the first quarter of 2025, following a period of sustained losses. According to its unaudited and provisi...
1st May 2025
Trading stagnates as equity market sheds N81bn
The Nigerian Stock Exchange closed today’s trading session with a market capitalization loss of N81.29bn, reflecting a continued downward trend in the market. At the end of the session, the All-Shar...
1st May 2025
Nascon records 77% Q1 revenue growth
Nascon Allied Industries Plc has reported a remarkable 77 per cent increase in its revenue for the first quarter of 2025. According to the company’s unaudited financial statements for the period end...
30th April 2025
Cadbury reverses losses with N5.97bn profit
Cadbury Nigeria Plc has reported a profit after tax of N5.97bn for the first quarter ended 31 March 2025, marking a significant recovery from the N7.32bn loss posted in the corresponding period of 202...
30th April 2025
NGX loses N116bn as market cap dips
The Nigerian Exchange Limited closed Tuesday’s trading session in the red, as investors booked profits on key tickers including MTN Nigeria Communications Plc, Livestock Feeds Plc, and Multiverse Mi...
30th April 2025
FG urges NGX to support $1tn economy goal
The Federal Government has called on the Nigerian Exchange Group to play a pivotal role in helping Nigeria achieve its $1tn economy target by 2030. This call was made by the Minister of Industry, Trad...
29th April 2025
Guinness Nigeria returns to profit, posts N6.72bn
Guinness Nigeria Plc has reported a profit after tax of N6.72bn for the nine months ended March 31, 2025, marking a rebound from the loss of N61.65bn posted in the same period of 2024. The company’s...
29th April 2025
International Breweries, Cadbury drive N228bn equity market surge
The Nigerian stock market extended its bullish momentum on Monday, as gains recorded in the shares of International Breweries, Cadbury Nigeria, and other blue-chip companies lifted the market capitali...
29th April 2025
SEC warns traders against Ponzi schemes
The Securities and Exchange Commission has warned traders against investing in Ponzi schemes, urging them to verify any investment opportunity with the commission before committing their funds. Speaki...
28th April 2025
BUA Cement three-month revenue hits N290.8bn
BUA Cement Plc has reported a revenue of N290.8bn for the three months ended March 31, 2025, representing an increase of 80.5 per cent compared to N161.1bn recorded in the corresponding period of 2024...
28th April 2025
NGX gains N966bn in holiday-shortened week
The Nigerian Exchange Limited gained N966bn in market capitalisation, buoyed by improved investor sentiment and positive movements in key banking and consumer goods stocks. The market opened for four ...
28th April 2025Foreign investors dominate NGX as total trades cross N1tn
Foreign investors took the lead on the Nigerian Exchange Limited in March 2025, accounting for 62.74 per cent of total equity transactions, as the market recorded a significant spike in trading activi...
25th April 2025
Ponzi schemes threaten capital market growth — SEC
The Securities and Exchange Commission has raised concerns over the growing threats posed by Ponzi schemes and other illegal investment platforms, warning that such activities endanger the growth and ...
25th April 2025Firm to empower youths in property, investment
A real estate development company, Poshfield, has announced plans to host the Game Changer Summit 2025 as part of efforts to empower Nigerian youths with knowledge and tools for wealth creation throug...
25th April 2025
Guinea Insurance records 39.5% rise in profit
Guinea Insurance Plc recorded a 39.5 per cent increase in profit after tax for the first quarter ended 31 March 2025, with profit rising to N130.3m from N93.4m reported in the same period in 2024. The...
25th April 2025
Consumer goods, industrial stocks push market index 0.75%
The Nigerian Exchange closed in positive territory on Thursday as the All-Share Index rose by 0.75 per cent to settle at 106,074.26 points. This led to a N508bn increase in the overall market capitali...
25th April 2025BATN Foundation wins award for empowering rural communities
The British American Tobacco Nigeria Foundation has been honoured with the Longstanding Investment Recognition and Making a Positive Impact Award by the Nigerian-American Chamber of Commerce. In a sta...
23rd April 2025
Unilever records N15.1bn Profit
Unilever Nigeria Plc has reported a net profit of N15.1bn for the 2024 financial year, reflecting a 79 per cent increase from the N8.4bn recorded in the previous year. The company also achieved a turn...
23rd April 2025
NGX posts N318bn gain after Easter break
The Nigerian Stock Exchange market capitalisation rose by N318bn after resuming trading following the Easter break. The market ended the day’s session with a total market value of N65.8tn, an increa...
23rd April 2025
