- First Holdco Slumps 20% as Investors’ Sentiment Deteriorates
- FX Spot, Derivatives Markets Turnover Rises 7.7% to $2.32bn
- Banking Index Sinks as 12 Nigerian Listed Banks Lose N2.5trn
- Naira Softens on Weak FX Supply, Foreign Reserves Top $51bn
- Equities Investors Lose N5.6trn as NGX Indicators Plunge
- 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
Companies
First Holdco Plc experienced significant sell-offs and lost more than 20% of its market value
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.
With a profit margin of more than 60%, Dangote Cement Plc sold 64% of its production volume
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