Stock Market Down N1.17trn on Profit-taking in Dangote Cement, Others
Stock Market Down N1.17trn on Profit-taking in Dangote Cement, Others The Nigerian stock market yesterday commenced the week on a downward momentum, with a decline of N1.17 trillion on investors’ profit-taking in Dangote Cement Plc (10 per cent drop) and 23 others. The Nigerian Exchange Limited All Share Index (NGX ASI) lost... Read More →
In Show of Confidence, Investors Oversubscribe Lagos N200bn Bond
In Show of Confidence, Investors Oversubscribe Lagos N200bn Bond In a historic show of confidence, investors have oversubscribed Lagos State’s N200 billion Conventional Bond. The transaction was overbooked by 55 per cent, yielding N310 billion. The overwhelming reception from the... Read More →
SEC, FMBN collaborate to tackle housing deficit
SEC, FMBN collaborate to tackle housing deficit The Securities and Exchange Commission and the Federal Mortgage Bank of Nigeria have announced a strategic collaboration to develop a robust non-interest mortgage ecosystem. This was disclosed in a statement from the SEC... Read More →
Champion Breweries holds signing ceremony for N15.9bn Rights Issue
Champion Breweries holds signing ceremony for N15.9bn Rights Issue Champion Breweries Plc has held a formal signing ceremony to advance its plan to raise N15.9bn through a Rights Issue to existing shareholders. A statement from the firm on Sunday said... Read More →
Universal Insurance posts 386% profit on investment rebound
Universal Insurance posts 386% profit on investment rebound Universal Insurance Plc has announced its financial accounts for the nine months ended September 2025, revealing a significant surge in profitability primarily fuelled by enhanced investment performance. According to the insurer’s unaudited... Read More →
FCMB Group to raise share capital
FCMB Group to raise share capital FCMB Group Plc is set to seek the approval of its shareholders to increase its share capital as part of its ongoing capital-raising programme. This was contained in the Notice of Extraordinary General Meeting... Read More →
Nearly $3bn spent on Eurobond debt servicing under Tinubu
Nearly $3bn spent on Eurobond debt servicing under Tinubu The Federal Government has spent about $2.93bn servicing Eurobond debt across eight quarters under President Bola Tinubu, according to an analysis of external debt-service records published by the Debt Management Office.... Read More →
NSITF Injects N1bn into Economy Through Workers’ Compensation Payouts
NSITF Injects N1bn into Economy Through Workers’ Compensation Payouts The Nigeria Social Insurance Trust Fund (NSITF), has said that it has boosted Nigeria’s economy with over N1 billion in compensation payments to employees and families of deceased workers — a... Read More →
Equities market rebounds with N1tn investor gain
Equities market rebounds with N1tn investor gain The Nigerian Exchange Limited continued its bullish trading on Thursday, as the All-Share Index rose by 1.08 per cent to close at 146,981.17 points. Investors also recouped some of their losses from the... Read More →
Afreximbank backs Africa metals, minerals processing with $300m
Afreximbank backs Africa metals, minerals processing with $300m The Fund for Export Development in Africa, the development equity impact investment arm of the African Export-Import Bank (Afreximbank), has announced a $300m strategic investment in the Africa Minerals and Metals Processing... Read More →