NGX rallies as index surges to 251,290 points
The Nigerian equities market posted notable gains on Monday, driven by impressive advances across major sectoral indices and key blue-chip stock performances. The All-Share Index surged to 251,290.54 points, rising from Friday’s close of 247,222.27 points. Correspondingly, market capitalisation expanded... Read More →
Sanwo-Olu supports stockbrokers’ drive for N5bn fund
Lagos State Governor, Mr Babajide Sanwo-Olu, has pledged support for the Chartered Institute of Stockbrokers as the institute works towards establishing a N5bn endowment fund to strengthen professional training and capacity development in Nigeria’s capital market. Sanwo-Olu gave the assurance... Read More →
Transcorp reports pre-tax profit of N111.39 billion in 9M 2026 as revenue falls
Transnational Corporation Plc (Transcorp) reported a pre-tax profit of N111.39 billion for the nine months ended September 30, 2026, representing a 10.54% decline from N124.52 billion recorded in the corresponding period of 2025. According to its unaudited financial statements, profit... Read More →
United Capital’s 9M 2026 pre-tax profit rises 66% to N41.58 billion as investment income nearly doubles
United Capital Plc recorded a 66.24% increase in pre-tax profit to N41.58 billion for the nine months ended September 2026, compared with N25.01 billion in the corresponding period of 2025, driven largely by a surge in investment income. This is... Read More →
Dangote refinery IPO meets target as investors from 119 countries apply –Report
Dangote Petroleum Refinery and Petrochemicals FZE has reportedly enough commitments from Nigerian and retail investors to meet its initial public offering (IPO) fundraising target, with investors from 119 countries applying for shares in the company. This is according to a... Read More →