Stock
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Profit-Taking Storms the NGX — But the Bull Market Is Not Broken
Nigerian exchange (NGX) retreated sharply in the first trading week of June 2026, as a wave of profit-taking erased approximately…
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Honeywell Flour Mills Posts N21.9bn Profit, Declares Dividend
Honeywell Flour Mills Plc has reported a profit before tax of N21.896 billion for the financial year ended March 31,…
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Nigeria’s External Reserves Gain $551m in May as FX Outlook Strengthens
Nigeria’s foreign exchange reserves have rebounded strongly in May 2026, rising by approximately $551 million after sustained pressure throughout April,…
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Stanbic IBTC Outperforms Wema Bank in Q1 2026
Stanbic IBTC Holdings and Wema Bank both delivered strong first-quarter 2026 results, but Stanbic maintained the upper hand through diversified…
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Profit-Taking Ends NGX’s Seven-Week Winning Streak as Market Sheds 618 Points
The Nigerian equities market closed the trading week ended May 22, 2026, on a slightly bearish note as renewed profit-taking…
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Dangote Refinery’s Mega IPO Puts NGX Listing Plans on Ice for Many Firms
Several Nigerian companies are reportedly stalling or reconsidering their plans to list on the Nigerian Exchange (NGX), as the anticipated…
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Airtel Africa Launches Tranche 3 of $100M Share Buyback Programme
Airtel Africa has commenced the third tranche of its share buyback programme, having already repurchased approximately 1% of its total…
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Otedola to Invest $100m into Dangote Refinery Before Planned IPO
Billionaire businessman Femi Otedola has announced plans to invest 100 million dollars in Dangote Refinery, as Nigeria’s largest refinery prepares…
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NGX This Week: Nigerian Equities Add N3.34 Trillion as All-Share Index Surges 2.27% Week-on-Week
The Nigerian stock market ended the trading week ended May 15, 2026, on a broadly positive note, with equity investors…
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Femi Otedola Secures First HoldCo Shares Worth Over N43bn
Billionaire businessman Femi Otedola has significantly expanded his ownership in First HoldCo, acquiring 549.5 million shares worth approximately N43.41 billion…
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