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VFD Group posts twofold jump in half-year profit amid higher investment income

Nigeria, Aug. 1 -- Investment company VFD Group recorded a twofold increase in net profit for the first half of the year, supported by a significant improvement in investment income, its unaudited rep... Read More


Fidson dominates Nigeria's Pharma sector first-quarter 2026

Nigeria, Aug. 1 -- As one of Africa's largest pharmaceutical markets - trailing only South Africa by value, and among the continent's largest by population and consumption volume - Nigeria nonetheless... Read More


Seplat posts 430% surge in half-year profit, declares special dividends

Nigeria, July 30 -- Seplat Energy Plc, the London-listed Nigerian oil driller where billionaire mogul Tony Elumelu bought a 20.1 per cent interest on the eve of this year, reported a surge of more tha... Read More


FCMB Group posts 90% surge in half-year profit

Nigeria, July 27 -- FCMB Group deployed a mix of strategies, including top-line expansion and cost management, to deliver a 90.5 per cent increase in net profit for the six months to June, compared wi... Read More


United Capital, Aradel, Custodian Investment top stock pick this week

Nigeria, July 27 -- Trading in Nigerian stocks last week hit a buoyancy last seen in the market more than six weeks ago, with transaction size accelerating 57.3 per cent to 4.4 billion shares as the e... Read More


Drug maker Fidson posts 28% jump in half-year profit

Nigeria, July 24 -- Pharmaceutical firm Fidson Healthcare, whose stock is up 99.6 per cent this year, enlarged net profit by 28.2 per cent in the year to June, relative to the same period of last year... Read More


Lower energy income leaves Transcorp's half-year profit 17% weaker

Nigeria, July 23 -- Weaker income from energy sent out, the top contributor to the revenue pool of Transnational Corporation of Nigeria (Transcorp), set in motion a slide of 16.6 per cent in its post-... Read More


Otedola buys N77.6 billion-worth of First HoldCo shares, taking stake near 22%

Nigeria, July 22 -- Femi Otedola, the chair of First HoldCo Plc, procured 706.1 million new shares in the banking group on Wednesday, a market disclosure said, taking his interest in the corporation t... Read More


Unilever Nigeria raises interim dividend fourfold amid slight increase in half-year profit

Nigeria, July 22 -- Unilever Nigeria chose to go lavish with shareholder rewards at half-year 2026, despite a paltry increase in the net profit for the period, rather than take the long view in reinve... Read More


UBA, Fidson, Wema top stock pick this week

Nigeria, July 20 -- Nigerian stocks depreciated slightly last week, shedding 0.1 per cent as profit-taking activities weighed on the market. Sell pressure on industrial goods stocks triggered the decl... Read More