MARKETS

11 Plc has demonstrated its resilience and adaptability in the Nigerian hydrocarbon industry, with a strong revenue performance and significant contributions to gas utilization.  Chairman ,11plc ,  Ramesh Kansagra, who disclosed this in an address at the company's 47th Annual General Meeting held at Abuja Continental Hotel said the organization...

Leading financial institution, Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from N19.95 to N21.00 on May 13, 2025, according to data from the Nigerian Exchange Limited (NGX). This latest development also brings the total number of Nigerian companies with...

The innovative digital gateway, which is projected to actualise the CBN’s $1 billion monthly diaspora remittances target and about $12 billion annually, allows Nigerians in the diaspora to obtain a BVN remotely. The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the...

Fidelity Bank grows PBT by 167.8% to N105.8bn in Q1 202 Fidelity Bank Plc, one of Nigeria's leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to...

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has issued a warning to Nigerians about firms that claim their registration with the Corporate Affairs Commission (CAC) and possession of a SCUML certificate from the Economic and Financial Crimes Commission (EFCC) authorise them to operate investment schemes...

Revenue: Grew by 24% to ₦442.1 billion Gross Profit: Increased by 39% to ₦160.91 billion Profit After Tax: Rose by 124% to ₦125.28 billion Total Equities: Improved by 29.2% to ₦554.34 billion BUA Foods Plc has announced its unaudited financial results for the first quarter of 2025, demonstrating robust growth...

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...