- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
- Dangote, FirstHoldCo Halt NGX Downtrend, Investors Gain N1.47trn
- CBN Grants JPMorgan Licence to Operate Merchant Bank in Nigeria
- Oil Prices Jump on Heightened Supply Risk, Brent Tops $114
- XRP Selloff Slows as Ripple Supports SEC Crypto Asset Framework
- Global Equities Markets Tank on AI Sustainability, Financing Fears
Companies
With 2 entities now controlling about 50% of outstanding shares, FirstHoldco shareholders …
Transcorp Power Plc delivered N83.1 billion pretax profit in the nine months results in the financial year 2026
Guinness Nigeria Profit Surges 53%, Declares N7 as Dividend Guinness…
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.
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.
Editors Picks
Subscribe to News
Get latest news from MarketForces Africa...
Subscribe to Updates
Subscribe to updates from MarketForces Africa, an independent financial news service provider.
