Your Guide to Money, Finance, Investment, Tax and More

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News

Investors Boost Activity as NGX Trades Double Volume Despite Market Dip

Trading activity on the Nigerian Exchange (NGX) surged this week as investors exchanged 7.48 billion shares worth ₦145.43 billion in 159,487 deals — almost double the 3.70 billion shares valued at ₦129.89 billion recorded last week...

5 min read Nov 1, 2025

BUA Foods Doubles Profit as UBA Sees Marginal Dip Amid Tight Market Conditions

Nigeria’s corporate earnings season produced a mixed picture as BUA Foods Plc posted an impressive near-doubling of profit before tax for the third quarter of 2025, while United Bank for Africa (UBA) Plc reported a modest decline in pre-tax profit despite higher interest income...

5 min read Oct 31, 2025

Dangote Sugar Swings to Profit in Q3 2025, Narrows Nine-Month Loss

Dangote Sugar Refinery Plc has reported a dramatic turnaround in its performance for the third quarter ended 30 September 2025, posting a profit before tax of ₦13.38 billion at the Group level, compared with a loss of ₦64.16 billion in the same period last year...

5 min read Oct 31, 2025

NGX Group Declares ₦1 Interim Dividend, Reaffirms Commitment to Shareholder Value

Nigerian Exchange Group Plc (NGX Group) has declared an interim dividend of ₦1.00 per ordinary share of 50 kobo each, following the approval of its unaudited financial statements for the third quarter ended 30 September 2025...

5 min read Oct 31, 2025

Insurance Stocks Lead NGX Rally as Sovrenins Tops Gainers’ Chart; McNichols, Lasaco Drag Market Lower

Insurance stocks led a modest rebound on the Nigerian Exchange (NGX) on Tuesday, as Sovereign Trust Insurance Plc (SOVRENINS) emerged the day’s top gainer, climbing 9.88% to close at ₦4.45 per share, up from ₦4.05...

5 min read Oct 28, 2025

Dangote Cement’s Profit Soars 166% as Côte d’Ivoire Plant Pushes Capacity to 55Mta

Dangote Cement Plc has reported a record profit after tax of ₦743.3 billion for the nine months ended 30 September 2025 — a 166% rise compared to the same period last year — as Africa’s largest cement producer continues ...

5 min read Oct 28, 2025

Airtel Africa’s Half-Year Profit Surges Over 375% as Data and Mobile Money Drive Growth

Airtel Africa Plc has posted a sharp rise in profits for the half-year ended 30 September 2025, buoyed by strong growth in its data and mobile money segments and gains from currency appreciation across its markets...

5 min read Oct 28, 2025

Nigerian Stocks Soar 4.5% as Cement and Oil Giants Drive Market to ₦98.8 Trillion

Nigeria’s equities market closed the week on a strong note as renewed investor appetite for industrial and oil and gas stocks lifted the benchmark index. The Nigerian Exchange (NGX) All-Share Index rose by 4.48% to close at 155,645.05 points, while market capitalisation climbed to ₦98.79 trillion, up from ₦94.54 trillion the previous week...

5 min read Oct 25, 2025

PZ Cussons, TIP Lead Bulls as Banking Stocks Drag NGX Sector Indices Lower

Trading on the Nigerian Exchange (NGX) closed on a mixed note on Thursday as investors rotated portfolios following a spate of corporate disclosures and profit-taking across key blue-chip counters...

5 min read Oct 23, 2025

Guinness Nigeria Announces Company Secretary Transition, NCR Nigeria Discloses Major Shareholding Change

Guinness Nigeria Plc and NCR (Nigeria) Plc have both announced significant corporate governance changes, as disclosed in separate statements filed with the Nigerian Exchange Limited on Thursday....

5 min read Oct 23, 2025

Nigerian Blue-chips Rebound as Profit Margins Widen

Three of Nigeria’s major listed firms — Nigerian Breweries Plc, Lafarge Africa Plc and Secure Electronic Technology Plc — have released their September-quarter results, showing sharply divergent performances...

5 min read Oct 23, 2025

AXA Mansard Executive Director Steps Down from Board

AXA Mansard Insurance Plc has announced the resignation of Mrs. Rashidat Adebisi, the Executive Director for Technical and Client Services, effective from 31st December 2025.

3 min read Oct 23, 2025