Browsing: Companies

In capital markets, there are moments when rhetoric becomes irrelevant, and conviction is measured only in cash deployed. Today, Wednesday, May 13, 2026, delivered one of those moments.

MTN Group (MTN) released an update for the first quarter ended 31 March 2025. Service revenue increased 20.5% to R56.7 billion.  The topline was buoyed by 5.4% increase in customer base, which expanded to 312.7 million.

NBET Finance Company Plc has listed N500 billion fixed rate bonds on the FMDQ Exchange, according to an official statement.

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.

The market value of Tier-2 financial services company Wema Bank Plc fell by about 8.5% over the last seven trading sessions, tracking below its 52-week high due to deteriorated investor sentiment.