- 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
- Bitcoin Climbs, JP Morgan Says BTC Trades Below Mining Costs
- Equities Investors Lose N939bn as Banking Index Tumbles
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.
AXA Mansard Plc lost 6.5% of its market value as investors sold insurance stocks on the Nigerian Exchange (NGX) due to weak sentiment.
Champion Breweries Plc lost more than 5% of its market value on the Nigerian Exchange (NGX) last week as investors booked profit amidst a small dividend payment to shareholders.
Securities and Exchange Commission-regulated (SEC) AAG Capital Limited has set N141.62 per share as the target price for Guaranty Trust Holding Company (GTCO), according to details from the investment firm’s equity review.
Dual-listed telecom company Airtel Africa Plc traded at a 52-week high on the Nigerian Exchange (NGX), with 3.578 billion outstanding shares valued at N12.489 billion.
The blockbuster IPOs expected imminently from SpaceX, OpenAI and Anthropic could weaken the grip the Magnificent Seven — Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla — have held over Wall Street for years, says Nigel Green, CEO of global financial advisory deVere Group.
A total of 464 in the S&P 500 that have declared their earnings for the first quarter of 2026 surpassed expectations, South African Oldest Bank, First National Bank (FNB) said in a brief on Friday.