- Naira Softens on Weak FX Supply, Foreign Reserves Top $51bn
- Equities Investors Lose N5.6trn as NGX Indicators Plunge
- 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
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.
Pan-African lender, United Bank for Africa (UBA) Group, has hinted at the final dividend payment for 2025, as the market awaits the release of its audited financial statements.
Tier-1 banks: GTCO, Zenith, First Holdco, UBA, and Access Plc added N778 billion to their combined market value (MV) in the Nigerian stock market as investors stepped up actions.
Telecommunications company MTN Nigeria Plc has broken valuation records on the Nigerian Exchange (NGX), hitting N16.373 trillion after a fast-and-furious rally.
Non-operating company of First Bank of Nigeria, First Holdco Plc’s stock market value increased by more than 12% last week, reflecting investors’ improved sentiment as the first quarter of the 2026 earnings season approaches.
GTCO Climbs to N4.3trn Ahead of 2025 Earnings Dual-listed Nigerian lender GTCO Plc’s stock market…
Non-interest lender Jaiz Bank Plc. gained about 33% in the stock market as investor sentiment improved following about 5% year-on-year earnings-per-share growth in the financial year 2025.