- 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.
Nigeria’s banking sector is not in distress, but it is entering a more disciplined phase of capital stewardship. The Central Bank of Nigeria’s (CBN) new directive requiring regulatory approval before dividend declarations is less a constraint on profitability and more a recalibration of financial resilience.
Seplat Energy Plc has posted revenue of $840.7 million for Q1 ended March 31, 2026, up from $809.3 million last year. Revenue rose 4 per cent year-on-year, reflecting stronger output and pricing support across its oil and gas portfolio.
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Guaranty Trust Holding Company’s (GTCO) net profit slipped more than 15% to N218 billion at the end of the first quarter of 2026, from N259.9 billion posted in the equivalent period in 2025.
Jaiz Bank plc. dropped an additional 9% of its market value as concerns about the Islamic lender’s delayed audited financial statements stoked sell pressure in the local bourse.