- 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.
With a profit margin of more than 60%, Dangote Cement Plc sold 64% of its production volume
GCR Ratings (GCR) has upgraded Wema Bank Plc’s national scale long and short-term issuer ratings to A(NG)
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.
Guinness Nigeria Ranks Third-Largest Guinness Market Globally Guinness Nigeria Plc says the country has emerged…
Ecobank Delivers Q1 Earnings on Asset Quality Reset, Efficiency Ecobank Transnational Incorporated delivered a resilient…
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