- Iran Plans to Restore 3mbpd Oil Production in 60 Days
- Aradel Grows Profit by 192%, Declares N23 as Final Dividend
- Dangote Cement Sells 64% of Production Volume to Nigerians
- Naira Tumbles as Interbank FX Turnover Drops by 43%
- XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment
- ETC- Ethereum Classic Gains 6% on Listing Speculation
- Bitcoin Climbs, JP Morgan Says BTC Trades Below Mining Costs
- Equities Investors Lose N939bn as Banking Index Tumbles
Companies
Oil company Aradel Holdings Plc has announced a N23 dividend per share following an earnings beat for the 2025 financial year. The company grew profit after tax by 192% year-on-year to N757 billion, beating analysts’ estimates by miles.
UAC Nigeria Plc shares have been considered a good addition for investors looking to hold….
Seplat Energy Plc has appointed Mr Effiong Okon as Chief Executive Officer from Aug. 1, while Mr Tony Elumelu will become Chairman from Jan. 1, 2027.
Moody’s Ratings has today affirmed Bank of Industry Limited’s (BOI) long-term issuer ratings and long-term corporate family rating at B3.
BUA Cement Plc’s share price declined by 10% week-on-week due to profit-taking amid a broader sell-off in the Nigerian stock market. The cement company’s share price printed at N378, though low volume was seen all week, reflecting BUA’s concentrated holding.
The market value of Wema Bank Plc.’s 40.118 billion outstanding shares declined by more than 10% over the last five trading sessions due to sell pressure to N1.203 trillion.
Abbey Mortgage Bank Plc soared by more than 47% in 5 days as investors increased bets on the Nigerian lender following the announcement of Central Bank (CBN) regional licence approval last week.