CAPITAL MARKET

Nestlé Nigeria PLC has reported an acceleration in profitable growth and a substantial improvement in operating and financial performance for the first quarter of 2025. The company achieved a profit before tax of N51.2 billion, a significant turn-around from a loss of -N196.1 billion in Q1 2024. Nestlé Nigeria PLC...

Shareholders of Zenith Bank Plc have approved the proposed final dividend payment of NGN4.00 per share, bringing the total dividend for the 2024 financial year to NGN5.00 per share, with a total value of NGN195.67 billion. This was disclosed at the bank’s 34th Annual General Meeting (AGM) held in Lagos....

Shareholders of tier one lender, Fidelity Bank, have applauded the board and management of the bank for delivering an outstanding performance in FY 2024. Speaking at the bank’s 37th Annual General Meeting (AGM) held virtually on Tuesday, April 29, 2025, the National Chairman of The Progressive Shareholders Association, Chief Boniface...

Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturer of a range of cement brands successfully held its 66th Annual General Meeting (AGM) in Lagos on Friday. The AGM, attended by shareholders, board members, and stakeholders, reviewed the company’s exceptional 2024 financial results and set the...

The Securities and Exchange Commission (SEC) has issued a fresh warning to Nigerians, urging them to report any suspicious investment schemes for prompt investigation and enforcement. The development comes in the wake of the CBEX investment fraud, a digital asset trading platform accused of defrauding unsuspecting Nigerians to the tune...

The Securities and Exchange Commission (SEC), on Thursday, disclosed that it will collaborate with law enforcement agencies to take appropriate enforcement action against fraudulent cryptocurrency investment scheme known as “CBEX”, its affiliates and promoters. The Commission clarified it did not grant registration to Crypto Bridge Exchange (CBEX) or its affiliates...

Nigerian Exchange Group Plc (NGX Group) held its 64th Annual General Meeting (AGM) on Wednesday, April 9, 2025, at the Nigerian Exchange Group House. During the meeting, the Group reaffirmed its unwavering commitment to delivering long-term, sustainable value, emphasizing innovation, operational excellence, and stakeholder engagement as key drivers of growth...

United Capital Plc, a leading pan-African financial and investment services group, held its 12th Annual General Meeting (AGM) at the Transcorp Hilton Hotel, Abuja, where shareholders approved a total dividend payout of N14.4 billion for the 2024 financial year. This represents a 33% increase from the previous year, reinforcing the...

...declares a total dividend of N2.10 per share Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank's results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings...

The Securities and Exchange Commission (SEC) has announced that His Excellency, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Act (ISA) 2024, which repeals the Investments and Securities Act No. 29 of 2007. This landmark legislation strengthens the legal framework of the Nigerian capital market, enhances...