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UBA, NEM Insurance, NNFM top stock pick this week

Nigeria, Oct. 27 -- Nigerian stocks gained 4.5 per cent last week, driven by increased buy interest in industrial goods and oil & gas stocks. The main share index has returned 51.2 per cent year to d... Read More


Revaluation gain helps Tolaram-backed Guinness Nigeria return to profitability

Nigeria, Oct. 26 -- Guinness Nigeria, the liquor producer in which Singapore-based conglomerate Tolaram acquired Diageo's 58 per cent holding last year, netted N26.3 billion in profit for the fifteen ... Read More


Aradel Holdings set to acquire ND Western through Swiss-based Petrolin's 40% stake

Nigeria, Oct. 25 -- Lagos-listed Aradel Holdings is snapping up a 40 per cent equity stake held by Geneva-based Petrolin Trading Limited in ND Western. The company is one of its four consortium partn... Read More


S&P Global Commodity Insights targets Nigeria's mineral development push, opens country office

Nigeria, Oct. 25 -- S&P Global Commodity Insights is setting its heart on Nigeria's blooming resource development drive to spur its operations in the country and start an office next year. The West A... Read More


Nigeria's building boom lifts Lafarge Africa's nine-month profit by 246%

Nigeria, Oct. 23 -- Nigeria's building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9 per cent boost in net profit for Lafarge Africa in the ni... Read More


Okomu Oil, Fidelity Bank, Fidson top stock pick this week

Nigeria, Oct. 20 -- The arrival of the earnings season is on track to stir up more activity in the Nigerian equity market in the weeks ahead, with the corporate results so far released largely positiv... Read More


OPay unveils seven security features to shield customers from cyber fraud

Nigeria, Oct. 19 -- Digital bank OPay has unveiled seven in-app security features in the latest drive to firm up its operational safety mechanism to deliver improved protection of customers' funds. T... Read More


Okomu Oil declares special dividend as nine-month profit more than doubles

Nigeria, Oct. 18 -- Okomu Oil Palm intends to pay a special cash reward to shareholders any moment from now, after its net profit for the first nine months of the year surged more than twofold to N60.... Read More


Transcorp, First HoldCo, Custodian Investment top stock pick this week

Nigeria, Oct. 13 -- Last week, Nigerian stocks posted their biggest gains in weeks as the main equity index rose by 2.4 per cent, driven by heavy buy interest in industrial goods and oil & gas stocks.... Read More


Britain's Savannah Energy appoints two Nigerians as independent directors

Nigeria, Oct. 10 -- British independent oil & gas company Savannah Energy has handed independent director roles to Nigeria's Uyi Akpata, a former country senior partner at PwC Nigeria, and Kehinde Ogu... Read More