MTN Nigeria Exits Investors Relegation, Gains 21% in Fresh Rally
MTN Nigeria Plc gained 21% in the equities market in a two-day rally driven by investors' improved sentiment on telco shares in the local bourse. The stock, which had earlier entered relegation, began to attract investors’ attentions after the management...
Zenith Bank Sets Stage for Strong Finish after Q3 Earnings Beat
Zenith Bank has once again proven its dominance in the Nigerian banking sector, showcasing remarkable financial results for Q3 2024 that position it strongly in the market.
With a profit before tax (PBT) of N1.0 trillion, the bank achieved an...
FCMB Earnings Growth in Q3 Raised Investors Expectations
FCMB Group Plc demonstrated impressive financial resilience in its Q3 2024 unaudited results, reflecting robust growth across key performance indicators. The bank reported a remarkable surge in gross earnings, reaching N213.3 billion, which represents an 88.18% increase from the previous year.
This growth...
Zenith Bank Climbs Near 52-week High Ahead of Q4 Earnings
Zenith Bank Plc's market value rose as investors continued to pay attention to top tier-1 lenders in the local bourse. The Ajose Adeogun-based financial services group topped investors top picks ahead of the fourth quarter of 2024 earnings release.
According to...
MTN Nigeria Crosses N5trn on Tariff Hike Expectations
MTN Nigeria Plc.’s market value has continued to increase as tariff hike expectations draw investors’ attention to the telecom stock. In the equities market on Thursday, MTN Nigeria share price climbed by 10% to N242.
The telecom company’s market value increased to N5.08...
MTN Nigeria Plc returned to profitability in the third quarter (Q3) of the financial year 2024, a development that marked a significant turning point after three consecutive quarters of net losses. The feat signalled a successful recovery strategy and a promising trajectory moving forward.
Sovereign Trust Jumps by 45% as Investors Bet on Insurance Stocks
Sovereign Trust Insurance Plc jumped by more than 45% as insurance stocks get popular among equities investors in the Nigerian market, details from its weekly trading performance revealed. Insurance stocks were generally low priced in the stock market.
The...
Neimeth Hits 52-Week High as Investors Hunt for Pharma Stock
Neimeth International Pharmaceutical Plc experienced a valuation surge in the equities segment of the Nigerian Exchange (NGX) due to demand for pharma shares. Data showed that Neimeth was second on the top performer chart in the local bourse last week...
Prestige Assurance Hits 52-Week High as Shares Gain Attention
Investors on the Nigerian Exchange (NGX) priced Prestige Assurance Plc higher by 46% as the Insurance Index drove the equities market performance. The Assurance services company share price rose from N1 to N1.46 in the equities market over renewed interest from...
