- 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+
Livestock Feed Exit: UACN Rationalises Portfolio to Boost Capital Efficiency …
Swift Telephone Network Secures NCC Licence to Operate Nationwide …
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.
Dangote Cement Plc hit a 52-week high on the Nigerian stock market, with investors posting a 12.16% gain over the last five trading sessions.
Fitch Ratings has affirmed Zenith Bank Plc’s Viability Rating (VR) at ‘b’, Long-Term Issuer Default Rating (IDR) at ‘B’ and National Long-Term Rating at ‘AA(nga)’. Fitch’s outlook on the Long-Term IDR and the National Long-Term Rating is stable.
First HoldCo Plc delivered a deeply mixed but strategically revealing audited FY2025 performance, reflecting the harsh realities of Nigeria’s elevated interest rate regime, regulatory tightening, asset repricing pressures, and post-FX reform adjustments within the banking industry.
Equities investment analysts at CardinalStone Securities Limited, one of the top brokers with the highest transaction record in the Nigerian Exchange, have raised Unilever Nigeria’s 12-month target price to a hold recommendation.
Access Holdings Plc has clarified that its inability to pay dividends for the 2025 financial year was due to regulatory and prudential compliance requirements rather than weak earnings or liquidity challenges.
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