Nigerian stocks near 255,000 resistance as market signals overbought risk
Nigerian stocks maintain buying pressure into the 11th month. The NGX ASI has gained over 63% in 2026, and market capitalization has reached 165.1 trillion, while the market remains in a structural primary uptrend. The bullish momentum that engulfed the... Read More →
Aradel seeks earn-out review as N529.1 billion payout to SPDC weighs on profit
Aradel Holdings Plc is seeking a review of the earn-out arrangement linked to Renaissance’s acquisition of SPDC after a N529.1 billion charge weighed on its nine-month earnings. The company disclosed this in its unaudited results for the period ended September... Read More →
Aradel’s 9M revenue hits N3.95 trillion, pre-tax profit rises 154%, declares interim dividend
Aradel Holdings Plc reported a 154.3% increase in consolidated pre-tax profit to N764.71 billion for the nine months ended September 30, 2026, from N300.68 billion in the corresponding period of 2025, driven by stronger crude oil and gas operations. According... Read More →
PZ Cussons shareholders approve N9.926bn dividend
Shareholders of PZ Cussons Nigeria Plc, a leading manufacturer of personal healthcare products and consumer goods, have unanimously approved a final dividend payout of N9.926bn for the 2026 financial year. The dividend was approved at the company’s 78th Annual General... Read More →
Haldane McCall profit jumps 30% on asset expansion
Haldane McCall Plc has reported a 30.2 per cent increase in net profit to N540.87m for the nine months ended September 2026, driven by revenue expansion and increased investments in its property development portfolio. The real estate firm disclosed this... Read More →