- Risk-Off Mood: NGX Index Drops, Investors Lose N262 Billion
- Cardano Extends Rally on RealFi Launch, Payments Partnership
- AI Poses Risks to Financial Markets, Bank of England Chief Warns
- Oil Prices Ease on Supply Boost Expectation, Brent Dips to $101
- South African Rand Weakens, Demand Keeps US Dollar Firmer
- Micron Technology Tokenised bStocks Up on Q4 Earnings Beat
- Wall Street Climbs, FTSE 100 Dips as 30-Year Gilt Yield Tops 6%
- Naira Gains N3.78 in Sept., Foreign Reserves Rise $1.11bn
Companies
GCR Ratings has affirmed HBM Nigeria Plc’s national scale long-term and short-term issuer ratings of AA+(NG) and A1+
FirstHoldco Plc’s market value fired up in the stock market, gaining about 17% in two days as investors positioned in the financial services company.
The state-owned oil giant Saudi Aramco reported a 25% increase in first-quarter net profit for 2026, supported by stronger oil prices compared to the same period last year.
Nigerian Aviation Handling Company (NAHCO) Plc has reinforced investor confidence with a bold shareholder reward strategy following the release of its 2025 audited report, underscoring the company’s accelerating earnings momentum and resilient balance sheet expansion despite Nigeria’s challenging macroeconomic environment.
Dangote Cement Plc has overtaken BUAFoods and MTN Nigeria as the most valuable listed company on the Nigerian Exchange, with its market cap hitting N18.358 trillion at the close of trading on Friday.
MTN Nigeria Plc lost about N2.4 trillion in market value due to significant selloffs on the local bourse amid a threat of licence revocation against South African companies.
Citibank Nigeria Limited, Stanbic Nominees and Zenith Pensions Limited controlled about 40% of GTBank’s non-operating holding company, GTCO, as of the end of the financial year 2025.