AIICO Insurance, Jaiz Bank, Transcorp Power top stock pick this week

Nigeria, Aug. 11 -- Insurance stocks are the rave of the moment. The completion of a radical revamp of the sector, leading last week to the Nigerian Insurance Industry Reform Act, is profoundly boosti... Read More

Nigerian insurance stocks jump to peak level ever after new industry rules

Nigeria, Aug. 9 -- Nigerian insurance stocks swept to their highest level on Friday since the official record began after the adoption of new laws for the industry this week. PREMIUM TIMES observed t... Read More

Ecobank Group sells Mozambican subsidiary to Malawian lender

Nigeria, Aug. 5 -- Ecobank Transnational Incorporated agreed to offload its stake in its subsidiary in Mozambique to FDH Bank Plc, a lender based in Malawi and listed on the local bourse, the pan-Afri... Read More

Custodian Investment, Wema, NEM Insurance top stock pick this week

Nigeria, Aug. 4 -- Nigerian stocks recorded one of its sharpest weekly gains last week, adding 5.1 per cent, largely supported by strong half-year corporate results, which helped create positive senti... Read More

First HoldCo's half-year profit falls 21% to N290 billion

Nigeria, July 31 -- Financial services group First HoldCo witnessed a 20.7 per cent slide in net profit to N289.8 billion for the first half of the year, compared to the same period of 2024 as bottom ... Read More

First HoldCo's half year 2025 revenue rises to N1.7 trillion from N1.4 trillion

Nigeria, July 31 -- Financial services group First HoldCo witnessed a 20.7 per cent slide in net profit to N289.8 billion for the first half of the year, compared to the same period of 2024 as bottom ... Read More

UAC strikes deal to acquire Chivita, Hollandia from Coca-Cola

Nigeria, July 31 -- UAC of Nigeria announced in a statement on Wednesday that it reached an agreement to take over Chivita/Hollandia (Chi Limited) from Coca-Cola Company Limited. Chi Limited is a lea... Read More

Nigerian Breweries reports N88 billion half-year profit amid sharp jump in sales

Nigeria, July 30 -- Nigerian Breweries recorded a net profit of N88.4 billion in the first half of the year, in contrast to a net loss of N85.2 billion a year ago, as a considerable increase in revenu... Read More

Transcorp Power reports 20% jump in half-year profit, declares N11.3 billion interim dividend

Nigeria, July 28 -- Transcorp Power, the electricity generation subsidiary of Transnational Corporation Plc, recorded a 19.8 per cent increase in net profit for the six months to June, compared to a y... Read More

BUA Cement, Nascon, Dangote Cement top stock pick this week

Nigeria, July 28 -- Nigerian stocks continued their upward trend last week, advancing by 2.2 per cent on the back of notable gains recorded by industrial goods stocks. In all, the benchmark index has ... Read More

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