Guinness Nigeria has reported a revenue of N730.8 billion for the eighteen-month period ended December 31, 2025, representing a 144 per cent increase from the N299.5 billion recorded in the twelve months ended June 2024. The company disclosed this in its audited financial results released on Tuesday, marking its first full reporting cycle after shifting…
By Adeyemi David The Nigerian stock market reversed its bullish run on Tuesday, shedding N577 billion in market value to halt a 13-day rally amid widespread selloffs in bellwether stocks. Market capitalisation of listed equities declined by 0.48 per cent, dropping from N122.129 trillion to N121.552 trillion, while the Nigerian Exchange Limited All-Share Index fell…
By Adeyemi David The Nigerian Exchange Limited (NGX) opened the week on a bullish note, with market capitalisation rising by N5.1 trillion to reflect a 4.36 percent gain at the close of trading on Monday. The surge was largely driven by heightened investor interest in high-capitalised equities, including ABC Transport, Beta Glass, Ikeja Hotel, Oando…
The Chairman of Nigerian Exchange Group, Umaru Kwairanga has called for the listing of viable state-owned enterprises as part of efforts to deepen liquidity and strengthen Nigeria’s capital market. Kwairanga made the appeal in a statement on Saturday after a strategic engagement with industrialist Aliko Dangote on Friday, which focused on sustaining ongoing reforms and expanding…
The Nigerian Exchange Limited closed the week on a high note, with the All-Share Index rising by 6.16 per cent to 182,313.08 and Market Capitalisation appreciating to N117.027 trillion, up from 171,727.49 and N110.235 trillion respectively in the previous week. Investors added N6.792 trillion to their portfolios over the period. All other indices finished higher,…
The Nigerian stock market extended its bullish run on Wednesday, adding N881 billion to investors’ wealth as renewed buying interest in key equities strengthened overall market sentiment. The surge was driven by increased demand for large- and mid-cap stocks, including Meyer, Nestlé Nigeria, Fortis Global Insurance, Consolidated Hallmark Holdings, and Zichis Agro Allied Industries, alongside…
By Adeyemi David The Nigerian Exchange Ltd. (NGX) recorded a bullish performance last week as the All-Share Index and market capitalisation rose by 3.84 per cent to close at 171,727.49 points and N110.235 trillion respectively. The latest figures marked an increase from the previous week’s close of 165,370.40 points and N106.153 trillion, translating to a…
Fidelity Bank emerged as the most actively traded stock on the Nigerian Exchange Ltd. (NGX) on Friday, as the equities market closed the week on a bullish note with N1.105 trillion added to investors’ portfolios. The bank recorded a trading volume of 92.39 million shares, accounting for 9.69 per cent of the total transactions for…
Adeyemi David Stanbic IBTC Holdings Plc has announced its unaudited financial results for the year ended December 31, 2025, recording a pre-tax profit of N552 billion, an impressive 81.6 pet cent increase from N303.8 billion in 2024. The robust performance was driven by higher interest income, boosted by increased loan volumes, rising interest rates, and…
