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 …
STOCK MARKET
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AFRICA NEWSBanking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesINVESTMENTMarkets
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BusinessEconomyFinance & ServicesMarkets
Nigerian Breweries Bounces Back, Records N44.6bn Profit in Q1 2025
Nigerian Breweries Plc has recorded a major turnaround in its business, posting a net profit of N44.6 billion in the first quarter of 2025. This marks a big comeback for …
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Banking, Finance & InvestmentEconomyGOVERNMENTNigeriaWestern Africa
Six Banks Pay Over N751bn in Taxes for 2024
Six Nigerian banks have paid a total of N751.796 billion in taxes to the Federal and State Governments for the 2024 financial year, which ended on December 31, 2024. This …
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Guaranty Trust Holding Company Plc (GTCO) has announced that shareholders will receive a final dividend of N7.03 per share on April 24, 2025, subject to approval. This disclosure was made …
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First City Monument Bank (FCMB) has reported a Profit Before Tax (PBT) of N111.9 billion for the financial year ending December 31, 2024. This was disclosed in a corporate statement …
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BusinessEconomyFinance & ServicesManufacturingMarkets
International Breweries’ loss extends to seventh year
International Breweries has recorded another year of losses, marking its seventh consecutive year in the red. The company’s audited financial report, filed on the Nigerian Exchange Limited on Thursday, showed …
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BusinessEconomyFinance & ServicesMarketsPolitics
South African rand strengthens as gold hits fresh peak
South Africa’s rand made gains on Monday, strengthened by a surge in gold prices and growing optimism about a potential agreement between the country’s two largest political parties on the …
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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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EconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
NNPC Limited to Sell Shares in Landmark Move Towards Privatization
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to sell shares to the public as part of its transition into a fully commercial entity. This move is …
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For investors trying to decipher if the stock market rebound has staying power, Apple Inc. holds a clue. The world’s most valuable company has the biggest influence in the S&P …