MARKETS

  Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock...

  Cornerstone Group has announced insurance revenue of over N30.6billion in 2023 as against N22.2billion recorded in 2022 business year. This represents 38 per cent growth in its topline. The company also announced to shareholders, a dividend at N0.16kobo per Ordinary Share of 50kobo per share amounting to N2.9billion gross...

  Guinness Nigeria Plc recorded N73 billion loss before tax for the financial year ended June 30, 2024. This is even as the company announced 31 per cent revenue growth for the period , up from the corresponding period in 2023. The huge loss is attributed to currency devaluation and...

  The Central Bank of Nigeria (CBN), has offered 876 million dollars to the foreign exchange (fx) markets to fulfil bids submitted by customers at an auction concluded on Wednesday. This is contained in a statement issued by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali. According to her,...

Nigerian Exchange Limited (NGX) hosted over a hundred scholars from Nigerian Higher Education Foundation (NHEF) as part of its financial literacy initiative, X-Lit on Tuesday 2 July 2024. The event aimed to deepen understanding of sustainable finance and increase young investors' participation in responsible investing within the capital market. The...

  The Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the evolution of our respective institutions. This proposed merger represents a strategic and complementary union that will leverage the strengths of both banks to...

  The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has emphasised the critical role of the ongoing bank recapitalisation efforts in helping the nation achieve its goal of becoming a $1 trillion economy by 2030. According to a statement by the Commission, Agama hwo spoke at...

  MTN Nigeria Communications Plc has reported a loss after tax of N519.1 billion for the first half of 2024. This indicates an upward trend of 34.9 per cent from a loss of N85.59 billion posted in the corresponding period of year 2023. Mr Karl Toriola, Chief Executive Officer, MTN...

VFD Group Plc, a leading proprietary investment company in Nigeria, is pleased to announce its unaudited financial results for the first half of the year 2024. The Group reported a profit after tax (PAT) of N3.11 billion, demonstrating strong financial performance and resilience in a challenging economic landscape. Group’s total...

  FCMB Group Plc says it plans to raise N397 billion in three phases ahead of the Central Bank of Nigeria (CBN) recapitalisation exercise. FCMB Group Plc says it plans to raise N397 billion in three phases ahead of the Central Bank of Nigeria (CBN) recapitalisation exercise. Mr Ladi Balogun,...