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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.
Ecobank Transnational Incorporated (ETI) has announced plans to raise funds in the international debt capital markets to repay a 2031 maturing borrowing note.
Naira Gains 4.42% in 4 Months as FX Reforms Hold The naira gains 4.42% in four months as FX reforms…
CBN Foreign Subsidiary Rule Sparks N1.92trn Loss on NGX The stock market on Thursday closed on a negative note as…
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.
Universal Insurance Unveils N3.2bn Rights Issue for Shareholders Universal Insurance Plc has concluded arrangements for its proposed N3.2 billion rights…
The Nigerian local currency, the naira, rallied across the currency markets on Thursday, driven by improved FX liquidity. In its daily FX report, the Central Bank reported that the spot FX rate rose by ₦1.49 to N1355.85 against the U.S. Dollar.
Ripple (XRP) price has lost about 3% over the last 24 hours to $1.39 amid sell-offs triggered by investors exiting their Bitcoin positions. The world’s largest digital asset has posted significant gains since last week, and altcoins have followed suit.
Equities investors lost N1.92 trillion on Thursday in the Nigerian stock market as sell pressure hit some high-cap stocks, reversing the previous rally. Major losers include BUACEMENT (-6.51%), DANGCEM (-4.89%), WAPCO (-5.07%), and ZENITHBANK (-3.10%).
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices declined, fueling sell pressures in altcoins after a previous rally that lifted the market cap of all digital assets.