By Seun Ibiyemi The management of Zichis Agro-Allied Industries Plc has proposed a 20 kobo dividend and a one-for-one bonus issue for shareholders amid impressive 2025 financial year result and accounts. The reward to shareholders came days after the management of the Nigerian Exchange Limited (NGX) suspended trading of the company’s shares. The dividend and…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has revoked the registration of Kensington Agro Trading Limited as a capital market operator with immediate effect. The company, which operated as a Commodity Broker/Dealer and Collateral Manager, lost its licence following regulatory action taken by the Commission in line with its statutory powers. Read also:Weak…
Nigerian Exchange Group (NGX Group) has confirmed the appointment of Ms. Jumoke Olaniyan as its Group Chief Strategy Officer, a move aimed at strengthening executive leadership as the organisation advances its next phase of strategic growth and digital transformation. The Group announced the development on Monday, stating that the appointment would reinforce its drive for…
By Seun Ibiyemi BUA Cement Plc has reported a profit after tax of N356.04 billion for the 2025 financial year, marking a sharp increase from the N73.91 billion recorded in 2024. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd, highlighting a year of strong financial performance and improved operational efficiency.Read…
By Seun Ibiyemi The Nigerian equities market closed on a bearish note on Thursday, declining by 0.41 per cent as investors lost N515 billion in market value, with Zenith Bank Plc emerging as the most traded stock by value. Despite the overall downturn, Zenith Bank stood out in market activity, recording the highest value of…
By Seun Ibiyemi Seplat Energy Plc has reported a 144.2 per cent surge in revenue to $2.73 billion in 2025, up from $1.12 billion recorded in 2024, driven largely by a full-year contribution from its offshore assets. In a statement released on Thursday, the energy company also posted an 86.7 per cent increase in profit…
By Seun Ibiyemi Lafarge Africa Plc has reported a strong financial performance for the 2025 financial year, with net sales rising by 53 per cent to N1.07 trillion, up from N696.76 billion recorded in 2024. The cement manufacturer disclosed the results in its audited financial statements released to the Nigerian Exchange Limited on Thursday, attributing…
By Seun Ibiyemi Nigerian Exchange Limited and the investing public have been notified that Guaranty Trust Holding Company Plc has received regulatory approval to extend the filing deadline for its Audited Financial Statements (AFS) for the year ended December 31, 2025. The company disclosed that its Board of Directors approved the 2025 AFS on January…
By Seun Ibiyemi The Nigerian equities market remained in negative territory on Wednesday as investors lost N74 billion amid sustained sell pressure across major stocks. Market capitalisation on the Nigerian Exchange Limited declined from N124.827 trillion at the opening of trading to N124.753 trillion at the close, representing a drop of N75 billion or 0.06…
By Seun Ibiyemi Nestlé Nigeria Plc has reported a 26 per cent increase in revenue to N1.2 trillion for the full year ended December 31, 2025, compared to N958.8 billion recorded in 2024. The company disclosed this in its corporate filing with the Nigerian Exchange Limited on Wednesday, highlighting a strong financial turnaround during the…
