The Nigerian stock market opened the week strong on Monday, April 29, 2025, with investors witnessing a continued bullish trend. The market capitalisation rose by N228.48 billion as investors took …
Markets
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AFRICA NEWSBanking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesINVESTMENTMarkets
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AFRICA NEWSBusinessBusiness InsightsEconomyINVESTMENTMarketsNigeria
Transcorp Hotels Grows Revenue by 52% in Q1 2025, Hits N21bn
Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc, has announced a major leap in revenue for the first quarter of 2025. The company recorded N21 billion in revenue, marking …
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AFRICA NEWSBusinessBusiness InsightsEconomyFinance & ServicesManufacturingMarketsNigeria
Guinness Nigeria Bounces Back with N6.7bn Profit in Nine Months
Guinness Nigeria Plc has bounced back into profitability, posting a profit after tax of N6.72 billion for the nine months ended March 31, 2025. This is a major turnaround for …
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The Nigerian Exchange Limited (NGX) added N966bn in market value last week, helped by improved investor confidence and strong performances by major banking and consumer goods stocks. The market only …
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BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …
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EconomyFinance & ServicesINVESTMENTMarkets
Nigeria Begins Talks to Rejoin JPMorgan Bond Index After 10 Years
Nigeria has officially opened discussions with JPMorgan to re-enter its Government Bond Index for Emerging Markets (GBI-EM), almost a decade after being delisted. The Director-General of the Debt Management Office …
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Spice 360, one of Nigeria’s well-known integrated marketing communications agencies, has just made two big appointments as it moves to strengthen its position in the industry. The agency announced that …
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The South African rand strengthened against the U.S. dollar on Wednesday, as market uncertainty shook the greenback due to concerns about U.S. tariffs and the political situation in South Africa. …
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Finance & ServicesMarketsSouth Africa
South African pharmacy chain Clicks Group posts 13% rise in half-year profit
South Africa’s leading pharmacy chain, Clicks Group, has posted a 13.2% increase in its half-year profit, showcasing a strong performance in its health and beauty segments. For the six-month period …
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African Markets
African financial markets are currently facing a challenging situation, influenced by both global and local factors. There is growing uncertainty in the global economy, as well as domestic political tensions …