Markets & Investing

Earnings and Dividend

Presco Plc approves second interim dividend as profit doubles

Plu Team -
Presco Plc, Nigeria’s leading integrated edible oil producer, reported a sharp jump in profit...
Markets & Investing

Africa’s private capital hits $5 billion, fuelled by M&A rise

Plu Team -
Africa’s private capital market staged a sharp rebound in the third quarter of 2025,...
Commodities

Gold hits record $4,000 before easing as investors take profits

Plu Team -
Gold prices hit an all-time high this week, climbing above $4,000 an ounce for...
Banks

GTCO makes history as first Nigerian banking company to hit ₦100

Plu Team -
Shares of Guaranty Trust Holding Company Plc (GTCO) surged past the ₦100 mark on...
Markets & Investing

Analysis | Why is Nigeria’s stock market booming while the economy isn’t?

Olawale Afolabi -
Nigeria’s stock market is defying the country’s economic struggles. In the face of inflation,...
Banks

GTCO targets international investors with direct London listing

Plu Team -
Guaranty Trust Holding Co. Plc (GTCO), the parent company of Nigeria’s GTBank, plans to...
Banks

Losses mount for Nigerian bank stocks after new CBN directive

Olawale Afolabi -
Nigerian bank stocks continued to fall on Tuesday as investors reacted to a new...
Markets & Investing

Stocks slide, oil prices rise as Israel attacks Iran’s nuclear sites, kills military leaders

Olawale Afolabi -
Global financial markets were thrown into turmoil on Friday after Israel launched major military...
Markets & Investing

Stockbroking firm Morgan Capital increases fee for first time in seven years

Plu Team -
Morgan Capital, one of Nigeria’s most popular online stockbrokers, has announced an increase in...
Markets & Investing

Nigeria’s Sovereign Wealth Fund profit surges 59% amid asset gains

Plu Team -
The Nigeria Sovereign Investment Authority (NSIA) has reported a 59% surge in total comprehensive...
Markets & Investing

Nigeria cuts savings bond rates to lowest in a year

Eric Ojo -
The federal government has lowered interest rates on its March 2025 savings bond, marking...
Markets & Investing

Market Extra: Geregu shares earn Otedola’s brother ₦3bn profit in two years

Plu Team -
Olurotimi Otedola, brother to Nigerian billionaire and business mogul Femi Otedola, has cashed in...
Markets & Investing

GTBank co-founder Fola Adeola sells N10.9 billion Aradel shares

Plu Team -
Fola Adeola, co-founder of Guaranty Trust Bank (GTBank), has divested part of his equity...
Markets & Investing

GTCO looks overseas after missing N400 billion capital target in Nigeria

Plu Team -
Guaranty Trust Holding Company (GTCO), the parent of Guaranty Trust Bank (GTB), says it...
Markets & Investing

FCMB Group says share offer oversubscribed 33%

Plu Team -
FCMB Group Plc, which owns FCMB bank, has announced the successful completion of its...
Markets & Investing

Oando shares hit three-month low amid profit decline, auditor warning

Olawale Afolabi -
Oando PLC’s stock price has fallen to its lowest in three months, trading at...
Markets & Investing

Global wealth soared to $477 trillion in 2023 on stock market boom

Plu Team -
Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult...
Markets & Investing

Recapitalization: UBA offers shareholders over 17% yield to reinvest dividends

Eric Ojo -
United Bank for Africa Plc (UBA) is offering its shareholders a lucrative opportunity to...
Markets & Investing

Weekly Nigerian market performance (May 3, 2024)

Olawale Afolabi -
This week offered a dynamic picture for Nigerian investors, with contrasting performances across equities,...
Markets & Investing

Investment opportunity: Earn 18% interest lending to Nigerian govt

Plu Team -
The Nigerian government is offering citizens a chance to lend them money and earn...
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