- 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.
MTN Group’s acquisition of IHS Holding will elevate the telecom company’s leverage positions and increase its exposure to Nigeria, Moody’s Rating said in a commentary note.
Nigeria’s biggest financial institution by total assets, Access Holdings Plc (Ticker: ACCESSCORP) gained about 9% in the equities market as investors’ sentiment improved ahead of the group’s earnings release.
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank,
The United Bank for Africa (UBA) Plc gained more than 9% in the Nigerian stock market as investors stepped up bargain hunting ahead of earnings releases.
Afriland Taps UBA to Address Diaspora Investment Risks A property management, investment and development company,…
Fidelity Bank Gains 8% as Investors Price in Earnings Outlook With 8% weekly price surge,…