- Court Nullifies Order Deregistering ADC, 4 Other Political Parties
- Italy Slashes Diesel Tax Again to Counter High Fuel Prices
- 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
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.
MTN Nigeria Plc slumped by about 9% on the Nigerian Exchange amid a surge in transaction volume driven by sell-side actors. The share price declined, dragging MTN Nigeria’s market value back from the 52-week high reached after its Q1 2026 earnings.
Cement company Lafarge Africa Plc’s post-earnings stock market valuation surged about 19% to N5.64 trillion, according to data obtained from the Nigerian Exchange (NGX).
MTN Nigeria Plc.’s market value topped N19 trillion on the Nigerian Exchange (NGX) as robust earnings performance triggered strong bargain hunting in the local bourse.
In its weekly stock recommendation, equity analysts at Cowry Asset Limited confidently project a 36% upside for Fidelity Bank’s share price on the Nigerian Exchange.
First Holdco Plc lost approximately 14% of its market value on the Nigerian Exchange (NGX) as investors rotated out interest in the oldest listed financial services companies in Nigeria.
Access Holdings Plc lost about 14% of its market capitalisation over the last four trading sessions on the Nigerian Exchange (NGX) due to deteriorated investor sentiment.