Geregu records N83bn revenue as operating profit increases by 110%
Geregu Power Plc has released its 2023 audited financial statement, disclosing a year-on-year increase of 74 percent in revenue and a 110 percent growth in operating profit. The company’s board…
Wema Bank reports 104.7% profit growth in 2023
Wema Bank Plc has released its unaudited financial statement for the full year 2023, posting a pre-tax profit of billion, marking a percent growth from the billion recorded in full…
Guinness posts over N5bn loss
Foreign exchange expenses eroded the operating profit of Guinness Nigeria Plc for the year ended December 2023, resulting in an loss. This was contained in the unaudited interim financial statements…
WFE: Popoola emphasizes technology revamp, listing rules review, FPI targeting
Temi Popoola, CEO NGX Ltd The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc has highlighted various plans by the exchange group to revamp its technology…
Investors gained N316.75 billion as the NGX barometer stands at +36.61% year-to-date …Naira depreciated by 2.12% to ₦900.96
The Nigerian equities market extended its bullish momentum, concluding the day’s trading positively. Today's session saw the benchmark NGX All-Share Index experience an uptick of 57 basis points, rising from…
Amolegbe tasks FG on listings to boost tax revenue
L-R: Vice Chairman, Capital Market Correspondents Association of Nigeria (CAMCAN), Mr Friday Ekeoba; Managing Director/Chief Executive of Arthur Steven Asset Management Limited, Mr Olatunde Amolegbe and Chairman CAMCAN, Chinyere Joel-Nwokeoma…
Bulls sustain trend as investors gained N1.8 trillion; Naira depreciated by 4.72% to ₦878.57/$
Bulls held sway as the Nigerian Equities market extended the previous day’s positive outing to close the day’s trading session in the green region amidst improved turnover. The benchmark NGX…
Access Holdings Acquires Megatech Insurance Brokers
An insurance brokerage company, Megatech Insurance Brokers Limited, has been acquired by Access Holdings Plc, the parent firm of Access Bank Plc. The acquisition of Megatech Insurance Brokers was announced…
Bears halt bullish run; NGXASI down by 140bps
Bulls and bears wrangle as The Nigerian Equities market closed the mid-week trading session on a negative note, marking the first bearish close for the year. The benchmark NGX All-Share…
Bulls extend dominance as Naira depreciated by 27.19% to
Kayode Ogunwale The bulls dominated the equities market today, with the All-Share index rising per cent to 83, points. Today's performance was driven by gains in MTN Nigeria (+ per…