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 Nigeria’s equities market recorded a 42 per cent increase in trading activity in January 2026 on a year-on-year basis, even as monthly transactions fell sharply compared to December 2025, data from the Nigerian Exchange Ltd. (NGX) showed.Stock market gains N6.79trn as NGX All-Share index climbs 6.16% Total market transactions rose to N862…
By Seun Ibiyemi United Bank for Africa Plc (UBA) has approved its Group Audited Consolidated and Separate Financial Statements for the year ended December 31, 2025, alongside a final dividend payment, subject to regulatory approval. In a corporate disclosure referencing its earlier announcement of January 2, 2026, the bank informed Nigerian Exchange Limited and the…
By Seun Ibiyemi The Nigerian stock market opened the week on a strong footing on Monday as investors gained N804 billion, driven by renewed buying interest in key equities. Market capitalisation rose by N804 billion or 0.64 per cent to close at N125.968 trillion, up from N125.164 trillion recorded at the start of trading. Similarly,…
By Seun Ibiyemi The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has warned that weak governance of Artificial Intelligence (AI) systems could trigger capital flight, distort markets and erode investor confidence in Nigeria. Kwairanga gave the warning ober the weekend while delivering the opening address at the InnovateAI Conference Lagos 2026, stressing that the…
By Seun Ibiyemi Conoil Plc has announced the resignation of its Company Secretary, Mr. David Lanre-Leke, effective September 8, 2025. In a notice issued to shareholders, the Nigerian Exchange Limited (NGX), and the investing public, the company confirmed the development and expressed appreciation to Lanre-Leke for his services during his tenure. “The Board and Management…
By Adeyemi David Nigeria’s trillion-naira stocks are tightening their grip on the equities market, with just 25 companies accounting for N111.11 trillion out of the N124 trillion total market capitalisation on the Nigerian Exchange Limited (NGX). Out of 148 listed firms, GTCO tops value chart as equities market gains N1.698trncapital remains heavily concentrated in companies…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) emerged as the most traded stock by value on Thursday as the Nigerian equities market extended its bullish rally, delivering a N1.698 trillion gain to investors. GTCO recorded the highest value of traded equities at N6.20 billion, accounting for 16.51 per cent of the total value…
