- Bitcoin Cash Price Slides on Broader Market Selloffs
- Rwanda to Phase Out 2G, 3G Mobile Networks
- NLNG Generates $149.6bn, Moves to Expand LNG Capacity
- Naira Weakens as Nigeria’s Foreign Reserves Dip Below $52bn
- Solana Hovers at $74 as Morgan Stanley Launches ETH, Solana ETFs
- NGX Swells by N481bn on Insurance, Consumer Goods Stocks Rally
- CBN Auctioned N600bn in OMO Bills, Raises N3.5trn at 20%
- NCC, REA Sign MoU to Drive Digital Infrastructure Expansion Through Renewable Energy
Analysis
Transnational Corporation Plc’s earnings per share (EPS) shrank in the first half of 2026 due to a 17% year-on-year decline in profitability to N54.4 billion, its unaudited financial statement revealed.
First HoldCo Plc extended its bullish momentum as renewed investor interest and strong market participation pushed its share price higher.
Fitch Ratings has affirmed Guaranty Trust Holding Company Plc’s (GTCO) and Guaranty Trust Bank Limited’s (GTB) – its main operating subsidiary – Long-Term Issuer Default Ratings (IDRs) at ‘B’. Fitch has also affirmed their National Long-Term Ratings at ‘AA+(nga)’.
Fitch Ratings has affirmed Stanbic IBTC Holdings PLC’s and Stanbic IBTC Bank Ltd.’s – its banking subsidiary – National Long-Term Ratings at ‘AAA(nga)’ with stable outlooks.
In capital markets, there are moments when rhetoric becomes irrelevant, and conviction is measured only in cash deployed. Today, Wednesday, May 13, 2026, delivered one of those moments.
MTN Group (MTN) released an update for the first quarter ended 31 March 2025. Service revenue increased 20.5% to R56.7 billion. The topline was buoyed by 5.4% increase in customer base, which expanded to 312.7 million.
FirstHoldco Plc’s market value fired up in the stock market, gaining about 17% in two days as investors positioned in the financial services company.