Oil operator Aradel falls 11% one week after stock listing
Aradel Holdings Plc, an indigenous oil and gas company, has seen its share price drop by almost 11% one week
Read more
Stocks
Transcorp Hotels’ Q3 earnings nearly triple as occupancy rate rises
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, reported a 192 percent jump in its profit before tax for
Read more
FG’s $500m domestic bond believed to be 100% oversubscribed: Rewane
The federal government is believed to have secured $1 billion for the $500m dollar bond issued locally last month, the
Read more
Nigerian stocks post first net foreign inflows in four months
Foreign inflows into the Nigerian stock market surpassed outflows in July for the first time in four months, new official
Read more
Stock investors lose N1trn in July amid banks’ capital raising
Investors in the Nigerian stock market saw the value of their holdings fall by N1.05 trillion in July amid banks’
Read more
Salt refiner NASCON’s profit dips as inflation, devaluation bite
Nascon Allied Industries Plc, a salt refiner owned by Dangote Industries Limited, reported a 16 percent drop in its pretax
Read more
Dangote Sugar’s half-year loss widens fivefold to N144bn on weaker naira
Dangote Sugar Refinery Plc saw its loss after tax widen to N144.01 billion in the first half of this year
Read more
BUA Cement’s N40bn FX loss drags down half-year profit
BUA Cement Plc reported a decline in its profit before tax for the first half of this year as its
Read more
UAC profit jumps more than fourfold in H1
UAC of Nigeria Plc saw its profit before tax surge more than fourfold in the first half of 2024 to
Read more
Nigerian Breweries’ half-year loss widens to N116.34bn
Nigerian Breweries Plc posted a loss after tax of N116.34 billion in the first half of this year, up from
Read more