Stocks rally as NGX cap hits N164.91tn
The Nigerian Exchange Limited recorded positive trading activity on Tuesday, as total equity market capitalisation climbed to N164.91tn from N163.16tn recorded on Monday. Correspondingly, the All-Share Index advanced to close at 253,990.06 points, which also represented the highest index point... Read More →
RMB opens Beijing advisory office to deepen China–Africa ties
Rand Merchant Bank has officially launched Rand Merchant Advisory (Beijing) Co., Ltd. at the 2026 China–Africa Forum in Beijing to strengthen the China–Africa economic corridor, enhancing its ability to connect Chinese companies, investors, and financial institutions with trade and investment... Read More →
GTCO’s pre-tax profit slips 2.3% to N879.90 billion in 9M 2026 as funding costs bite
Guaranty Trust Holding Company Plc (GTCO) recorded a 2.32% decline in pre-tax profit to N879.90 billion for the nine months ended September 30, 2026, compared with N900.80 billion in the corresponding period of 2025, as rising funding costs weighed on... Read More →
GTCO’s non-bank subsidiaries grow nine-month profit by 70% to N23.9 billion
The three non-banking subsidiaries of Guaranty Trust Holding Company Plc (GTCO) recorded a combined profit before tax of N23.88 billion in the nine months ended September 30, 2026, representing a 70% increase from N14.08 billion reported in the corresponding period... Read More →
Dangote Cement’s 9M pre-tax profit jumps 41.5% to N1.47 trillion as finance costs fall 58%
Dangote Cement Plc reported a pre-tax profit of N1.47 trillion for the nine months ended September 30, 2026, up 41.5% from N1.04 trillion a year earlier. Profit after tax rose 31.2% to N974.79 billion, with earnings per share at N58.37,... Read More →