Nigeria, Dec. 8 -- Nigerian stocks are gaining back lost ground after an announcement of plans to aggressively increase capital gain tax on shares caused the market to tank by 5 per cent on a single d... Read More
Nigeria, Dec. 6 -- FCMB Group leveraged a sharp expansion in interest income to drive a 52.3 per cent increase in net profit for the first nine months of the year, making it one of the few outliers th... Read More
Nigeria, Dec. 4 -- The Nigerian Exchange Limited (NGX) has launched a listing segment for commercial papers in a move targeting improved trading in corporate debt in the country's fixed income market.... Read More
Nigeria, Dec. 1 -- Nigerian stocks marginally declined by 0.1 per cent last week, even as trade volume improved by roughly 52 per cent. The financial services sector, dominated by banks and insurers,... Read More
Nigeria, Nov. 24 -- Nigerian stocks diminished by 2.2 per cent last week on account of sell pressure on a number of equities. Profit taking in insurance and industrial goods stocks largely accounted ... Read More
Nigeria, Nov. 17 -- Nigerian stocks shed 1.7 per cent last week on the back of profit-taking activities in a number of equities. Sell pressures on industrial goods stocks triggered the decline. Howe... Read More
Nigeria, Nov. 16 -- The recent upgrade of Nigeria's credit rating by S&P Global Ratings is an indication that the economic reforms implemented by the current administration are gaining traction and yi... Read More
Nigeria, Nov. 14 -- Net profit at Fidelity Bank Plc fell by 17.2 per cent in the first half of the year, compared to the same period of 2025, despite a moderate improvement in revenue, according to th... Read More
Nigeria, Nov. 13 -- Agro-processing firm Presco Plc has opened a rights issue through which it plans to sell 166.7 million ordinary shares to existing shareholders. The Edo State-based producer of ru... Read More