- 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.
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.
Transcorp Power Plc, one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc, has announced a ₦41,250,000 total dividend to its shareholders at the 13th Annual General Meeting held at the Congress Hall, Transcorp Hilton Abuja.
Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy.
First Holdco’s share price dipped by 10% as investors trimmed holdings in the group amidst a missed regulatory filing on the Nigerian Exchange.
Transcorp Power Posts N30bn Profit in Q1 2026 Transcorp Power Plc delivered about N30 billion…
Stanbic IBTC Plc fell by about 14% on the stock market as investors’ buying sentiment faded amid the first-quarter earnings festival for the 2026 financial year.