Author: Olu Anisere
NCR Returns to Profitability as Overhead Drops Sharply NCR Nigeria Plc returned to profitability in 2025, according to unaudited financial results posted in the Nigerian stock market on Tuesday, recording N1.82 kobo as earnings per share. The ICT stock topped Nigerian Exchange (NGX) performers with multifold price appreciation in 2025 despite a tight earnings scorecard. Details from its unaudited results showed that profit after tax came at N196 million at the of 2025 after N2.172 billion net loss was posted in 2024. The company’s performance improved as a result of a significant decline in overhead costs. Details from results released…
The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, says the commission will fully automate its procurement processes
Cadbury Nigeria Delivers N12bn Profit as Net Finance Costs Ease Cadbury Nigeria Plc returned to profitability in the financial year 2025, the consumer goods company revealed in its unaudited figures released on Tuesday. A breakdown of the consumer goods consumer performance showed that revenue increased by 31% year on year following price adjustments on its consumer goods, including beverages. Cadbury Nigeria Plc announced that total revenue for 2025 surged to N169.837 billion, from N129.165 billion in the comparable period in 2024. The significant topline year-on-year growth enhanced the company’s gross profit, up by 101% to N36,599 billion at the end…
Ripple (XRP) rebounds by about 1% over the last 24 hours as sell pressures eased. With the positive price movement, the altcoin has outperformed the broader crypto market’s +0.52% gain.
The Nigerian naira traded at N1,418 per dollar at the Nigerian Foreign Exchange Market (NAFEM) window on Monday in the absence of foreign payments pressures.
Oil: Brent Surpasses $65, U.S WTI Hits $61 Over Uncertainty Oil prices increased in the global commodity market on Monday as investors priced in growing geopolitical risks tied to US-Iran tensions, while uncertainty over US trade policy added to market caution. International benchmark Brent crude traded at $65.49 per barrel, up about 0.1% from the previous close of $65.40. US benchmark West Texas Intermediate (WTI) rose around 0.3% to $61.40 per barrel, compared with $61.20 in the prior session. US Central Command chief Brad Cooper and Israeli military Chief of Staff Eyal Zamir discussed ways to strengthen defense cooperation during…
Equity Analysts Raise Target Price for Guinness Nigeria Equity analysts have raised the target price for Guinness Nigeria Plc to N391.15, reflecting a significant upside potential to its currency market price. According to data from the Nigerian Exchange, NGX, Guinness Nigeria Plc closed flattish at N349.90 on Friday due to thin trading activities on the brewer stock. This translates to 12% upside potential for investors. Afrinvest Limited equity analysts guided investors to accumulate Guinness Nigeria shares from the stock market last week at the current price. The investment firm set its 12-month target price at N391.15, saying that Guinness Nigeria…
The Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation in the money market last week.
The British pound or the sterling climbed against the US dollar at the forex market, traded at $1.3525, its highest level in over two weeks.
First Holdco Loses 5.8% as Buying Sentiment Fades Elephant-branded financial services company, First Holdco Plc., retreated after fast and furious price appreciation that lifted its market value above N2 trillion mark on the Nigerian Exchange. The significant rerating of First Holdco came after its chairman, Femi Otedola, increased shareholdings in the group in December, 2025. Trading data from the Nigerian bourse showed that First Holdco’s share price printed at N49 on Friday as investors traded more than 2.4 million units at a total value of N118.292 million. First Holdco fell successively from its week high of N52 on downbeat investor…