FBN Holdings Plc, the parent company of FirstBank Nigeria, recorded a massive off-market transaction on July 16, 2025, involving the sale of 10.43 billion units of its shares. The bulk …
NIGERIAN EXCHANGE
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Banking, Finance & InvestmentINVESTMENTMarketsNigeria
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Banking, Finance & InvestmentEconomyInsuranceINVESTMENTManufacturing & Consumer GoodsMarketsNigeria
NGX Opens Week Strong with N193bn Gain
The Nigerian stock market started the week with a positive push, as the Nigerian Exchange Limited (NGX) recorded a significant boost on Monday, July 7, 2025. The All-Share Index (ASI) …
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BusinessEconomyEnvironmentFinance & ServicesLeadershipNewsNigeria
Unilever Nigeria Appoints Ibrahim Sodipe as Executive Director
Unilever Nigeria Plc has appointed Ibrahim Sodipe as its new Executive Director, effective July 1, 2025. The company announced this appointment in a statement released to the Nigerian Exchange Limited, …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTMarkets
Nigerian Equities Market Gains N1.43tn on Strong Bank Stock Rally
The Nigerian equities market continued its upward trajectory last week, recording a robust gain of N1.43 trillion on the back of heightened investor interest, especially in the banking sector. Key …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTMarketsNigeria
Stanbic IBTC Lists 2.94 Billion New Shares on NGX After Oversubscribed Rights Issue
Stanbic IBTC Holdings Plc has successfully listed 2,944,772,083 additional ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX), following the conclusion of its recently completed rights issue. …
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BusinessEconomyFinance & ServicesNewsNigeriaOil & Gas
Oando Reports N113bn Profit in Q1 2025 After Tax Credit and Impairment Reversal
Oando Plc has recorded a profit after tax of ₦113.06 billion in the first quarter of 2025, showing a strong 90.5 percent rise compared to the ₦59.35 billion it posted …
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BusinessEconomyFinance & ServicesINVESTMENTMarkets
Nigerian Exchange Gains N279bn as Investors Rally
The Nigerian Exchange Limited (NGX) opened the week on a bullish note as market capitalisation rose by ₦279 billion on Monday, June 24, 2025, driven by renewed buying interest in …
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Banking, Finance & InvestmentEconomyFinance & ServicesInsuranceMarketsNigeriaOil & Gas
Nigerian Stock Market Gains N1.18tn in One Day as Insurance
The Nigerian Exchange (NGX) closed strong on Wednesday, 19 June 2025, with investors showing renewed interest in insurance and oil and gas stocks, pushing the market capitalisation up by ₦1.18 …
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Chams Holding Company Plc is set to raise N3.99 billion from the Nigerian capital market through a rights issue. The move is meant to help the company strengthen its capital …