Dangote Cement, Transcorp Power, Oando drive N2.32 trillion stock market rebound
The Nigerian equities market bounced back strongly on Monday, November 9, 2026, gaining N2.32 trillion in market capitalization or 1.44% to close higher at N163.92 trillion, up from N161.59 trillion and driven by robust gains in industrial stocks led by... Read More →
Investors punish Nigerian insurance stocks even as profits surge
AIICO Insurance Plc reported that its nine-month pre-tax profit had jumped 27% to N19.4 billion. Its profit after tax of N17.3 billion beat the N14.4 billion the insurer had forecast to the exchange earlier in the year. Its shares fell... Read More →
NB, HBM, Nestlé Nigeria, others book N129.4 billion in fees and royalties paid to parent
Seven foreign-owned companies on the Nigerian Exchange that disclose the figures booked N129.4 billion in royalties, licence, technical and management fees to their parent groups in the nine months through September. That is up 7.7% from N120.1 billion a year... Read More →