Tokede Kayode

Nigerian Stock Market Gains N18.2 Trillion in 11 Months Amid Macroeconomic Challenges

The Nigerian stock market has gained N18.2 trillion in 11 months, driven by strong corporate earnings and foreign investor participation.

3 weeks ago

Foreign Transactions On NGX Hit ₦744.34bn in 10 Months, Up 156% YoY

The NGX has seen a record foreign investor transaction activity, with a 156% YoY increase reaching ₦744.34

4 weeks ago

FBN Holdings Approves N14.4 Billion Dividend Payout, Appoints Oyedeji As New GMD

FBN Holdings has approved a N14.4 billion dividend, appoints Adebowale Oyedeji as new Group Managing Director.

1 month ago

10 Nigerian Banks’ Interest Income Soars By 148% Amid MPR Hikes, Totals N12.24tn In 2024

Access, Zenith, 8 other banks reported a record N12.24 trillion in interest income amid the Central Bank’s policy hikes.

2 months ago

Top Nigerian Banks Report N4.15trn Profit, Surging Over 100% Amid Economic Challenges

Nigeria’s leading banks, including Zenith and GTCO, has achieved N4.15trn profit before tax, over 100% increase from 2023.

2 months ago

Zenith Bank Emerges Nigeria’s Best Bank for Fourth Year at Global Finance Awards 2024

Zenith Bank's consistent excellence has again earned recognition as Best Bank in Nigeria and Retail Bank of the Year.

9 months ago

Geregu Power Aligns with New Standards Following $550m Investment To Date in Nigeria’s Power Sector

Shareholders have approved N20 billion dividend payout, reflecting Geregu Power's strong financial performance and commitment to value creation.

9 months ago

Nigerian Stock Market Records 39.84% Gain, Emerges Second Best Performing In Africa Amid Economic Reforms

In Q1 2023, the overall market performance measured by NGX ASI rose by 5.11% to close at 54,232.34 basis points.

9 months ago

UBA Secures $175 Million Facility from AfDB for Infrastructure

“The facility will be complemented with technical assistance from the Affirmative Action for Women in Africa."

1 year ago

Nigeria’s Stock Market Gains N711bn in Two Days on Sustained Positive Sentiments

This was due in part to renewed interest in the shares of BUA Cement, AccessCorp, GTCO, Dangote Cement, Zenith Bank,…

1 year ago

Zenith Bank’s Landmark N100.47bn Dividend Payout Excites Shareholders

Many dignitaries congratulated and commended Ovia and the management of Zenith Bank for ensuring and bringing about growth.

2 years ago

Zenith Bank Delivers Strong Q1 2023 Results with Exceptional 41% Gross Earnings’ Growth

The growth in the topline was propelled by substantial increases in both interest income and non-interest income.

2 years ago

Nigeria’s Resilient Stock Market Gained N5.62trn in 2022 Despite Foreign Investors’ Exit

The stock market had to contend with factors such as foreign investors' exit and aggressive hike in the Monetary Policy…

2 years ago

Lafarge SA Pleads Guilty to Providing Support to ISIS, Fined $778m in US

The company’s stock has depreciated by 2.13% on the Nigeria Exchange.

2 years ago

Geregu Makes History, Becomes First Power Company to List on Nigerian Stock Exchange

Executive Chairman Femi Otedola said “the listing of the company was the actualisation of a vision to bring world-class standards…

2 years ago

Nigeria’s Stock Market Sheds N772bn in July as Investors Switch to Fixed Income Securities

The stock market arm of the Nigerian Exchange Limited (NGX) in July 2022 fell by N772 billion to N27.163 trillion…

2 years ago

Zenith Retains Best Commercial Bank in Nigeria at World Finance Awards, Named Best Corporate Governance Bank

Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria, at the World Finance Banking Awards 2022, retaining the…

2 years ago

Naira Weakens to N600/$ at Parallel Market as Politicians Mop Up Dollars

Politicians stocking up dollars ahead of political parties’ primary elections over the weekend have driven the naira to a new…

3 years ago

Nigeria’s Stock Market Hits 13-Year High

  The Nigerian Exchange Limited (NGX) opened the holiday- shortened week to extend gains from last week as the All-Share…

3 years ago

Nigeria’s Stock Market Sustains Positive Momentum, Gains N4.5trn in Four Months

The stock market segment of the Nigerian Exchange Limited (NGX) has gained N4.46 trillion in its year-to-date (YtD) performance, outperforming…

3 years ago