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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NGX
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BusinessFintechNigeriaWestern Africa
eTranzact International Reports N5bn Pre-Tax Profit in 2024, Marks 53% Growth
Lagos – Nigerian fintech giant, eTranzact International Plc, has posted a robust N5 billion pre-tax profit for the year ended December 31, 2024, representing a 53.2% increase from the N3.1 …
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LivingTrust Mortgage Bank Plc has secured an extension to file and publish its 2024 Audited Financial Statements. The bank received approval from the NGX Regulations Limited to submit and release …
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Business and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
NGX records 30% reduction in foreign inflows
Foreign inflow to Nigeria’s equities market fell by 29.66 per cent in February 2025, dropping to N18.05bn from N25.66bn recorded in January.This decline in foreign inflow, alongside a drop in …
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AfricaAFRICA NEWSBanking, Finance & InvestmentNigeria
7 institutions founded by Africa’s doyen of accounting, Akintola Williams
by Editorby EditorThe late Akintola Williams, Nigeria’s first chartered accountant and founder of Africa’s first indigenous accounting firm, Akintola Williams & Co. (now known as Deloitte & Touche), was a true icon …
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AfricaAFRICA NEWSBanking, Finance & InvestmentNigeriaStanbic IBTC
Stanbic IBTC, Honeywell Flour Mills and others Profit-taking activities depreciated by 0.70%
Profit-taking activities recorded in Stanbic IBTC, Vitafoam, Nigerian Exchange (NGX) Group and Honeywell Flour Mills pulled down market indicators at the end of last week’s transactions on the Nigerian Exchange …
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BusinessEconomyFinance & ServicesNigeriaOil & Gas
Investors dump shares in exchange’s alternative Securities Market board
Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaWestern Africa
Geregu Power to list 2.5bn shares on Nigerian Exchange
Geregu Power, an electricity generation company has announced that it will be listing 2.5 billion ordinary shares of 50 kobo each at a share price of N100 per share on the Nigerian Exchange. Geregu …
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Nigerian Exchange Group Plc has released a dividend policy to ensure adequate returns on investments by shareholders. According to a statement by NGX, the policy document, which was approved by …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Lagos Free Zone N25bn infrastructure bond launches on Nigerian exchange
The Lagos Free Zone (LFZ) N25 billion series 2 bonds, which is Nigeria’s first 20-year corporate infrastructure bond, have been launched on the Nigerian Exchange Limited (NGX) market. LFZ is the infrastructure development …