Author: Julius Alagbe

Ripple (XRP) crashed to its lowest level in weeks at $1.30, losing more than 3% over the last 24 hours amid bearish conditions in the global cryptocurrency market, closely tracking a broader market sell-off.

PZ Cussons Boosts Earnings, Profit Rises by 246.5% PZ Cussons Nigeria Plc has significantly improved its earnings in the first nine months of the financial year 2026, achieving a remarkable 246.5% year-on-year increase in profit. Its financials revealed that pretax profit rose to ₦68.2 billion in 9M 2026, up from ₦15.0 billion in 9M 2025, a 355.5% increase. This was supported by significant top-line growth. The company’s revenue expanded substantially in the period, up by 27.7% year on year to ₦197.2 billion, compared to ₦154.4 billion in 9M 2025. The cost of sales rose in tandem with revenue, increasing by…

Market value of FCMB Group Plc.’s 65.954 billion outstanding shares climbed by 2.54% to about N800 billion, an uptick driven by bargain hunting and additional listing.

GTCO Gains as 2025 Dividend, Payout Ratio Attract Investors GTCO Plc surged by more than 7% on Wednesday, barely 24 hours after the financial services company declared a surprise dividend for the financial year 2025. According to trading data from the Nigerian Exchange, GTCO’s share price rose by 7.37% to N120.95, as 73.660 million units of its outstanding shares, valued at N8.967 billion, were executed on Wednesday. Traders’ volume transaction actions surged multi-fold after the board of directors announced a proposal to pay shareholders N11.76 per share following the earnings release. The board’s decision to sharply increase dividend payments came…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says crude oil and condensate reserves stand at 31.09 billion barrels and 5.92 billion barrels, respectively, amounting to a total of 37.01 billion barrels.

XRP price increased by about 2% to $1.36 as Ripple announces a list of stablecoins on the South Korean Exchange Coinone, amidst the launch of its unified Treasury platform on April 1. 

The naira halted two days of depreciation on Wednesday, gaining 0.58% to ₦1,378.70/$ at the official window as foreign payment pressures eased from N1386 per dollar.

NGX Index Rises by 21bps as FCMB, VFD Group List Shares Nigerian Exchange (NGX) All-share index (ASI) rose by 21 basis points as FCMB and VFD Group listed additional shares in the local bourse on Wednesday. The local bourse opened the new month in positive territory, as key performance indicators showed mixed outcomes. The NGX-ASI increased by 0.21%, while the market cap rose 0.46% due to a new listing. The market welcomed the additional listing of 5,067,396,400 ordinary shares of 50 Kobo each of VFD Group, as well as the listing of 23,182,887,000 Ordinary Shares of 50 Kobo each arising…

The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024.

Renaissance Hails NUPRC As Company’s Gas Production Hits 2.2bcf Renaissance Africa Energy Company Nigeria Ltd has commended the regulatory reforms of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), praising the Commission for driving its recent production growth, including a record 2.2 billion cubic feet (bcf) of gas output. The company’s Managing Director and Chief Executive Officer, Chief Tony Attah, made this known during a courtesy visit to the Commission’s headquarters in Abuja to mark its one-year anniversary. Specifically, the CEO of Renaissance expressed appreciation for the Commission’s regulatory support, noting that the enabling environment has been critical to the company’s…