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Oando awaits regulatory approvals for proposed N220.8 billion rights issue

Nigeria, April 30 -- Oil driller Oando Plc said Wednesday it is on course to secure regulators' nod for its planned share sale to shareholders, through which it is looking to sell 4.4 billion ordinary... Read More


GTCO grows interest income to N458bn amid mounting costs

Nigeria, April 29 -- Banking group Guaranty Trust Holding Company's (GTCO) interest income rose to N458.5 billion from N386 billion, deriving strength from interest earned from loans and advances to c... Read More


UACN's acquisition of CHI Limited propels quarterly profit up by more than fourfold

Nigeria, April 29 -- UAC of Nigeria (UACN)'s buyout of rival Chivita|Hollandia (CHI Limited) last October helped deliver a 311.4 per cent profit rise for the post-consolidation entity in the first qua... Read More


United Capital's quarterly profit jumps 66% as revenue crosses N17 billion

Nigeria, April 28 -- United Capital Plc reported a 66.2 per cent leap in net profit in the first quarter of 2026, relative to the same period of 2025, the earnings report of the financial and investme... Read More


Africa Prudential, BUA Cement, Mutual Benefits top stock pick this week

Nigeria, April 27 -- Nigerian Stocks extended their gaining tempo for the fourth time in a row last week, adding 3.9 per cent, riding on the favourable investor sentiment that has kept trade bullish f... Read More


Nigerian Breweries quarterly profit up 26% on higher revenue, lower finance costs

Nigeria, April 24 -- Nigerian Breweries, the local unit of the world's second biggest brewer Heineken, logged a 25.6 per cent rise in first-quarter earnings on Thursday, relative to the corresponding ... Read More


Cost efficiency drives BUA Cement's quarterly profit 117% higher

Nigeria, April 24 -- BUA Cement more than doubled its net profit for the quarter to March, compared to a year ago, after putting a couple of cost management strategies to use. Post-tax profit soared ... Read More


UP-CLOSE: Key achievements, downsides of Nigeria's ex-finance minister, Wale Edun

Nigeria, April 23 -- Wale Edun, Nigeria's immediate past minister of finance and coordinating minister of the economy, who gave up his role on Tuesday, was essentially a corporate finance professional... Read More


Dangote Sugar plans N500 billion rights issue

Nigeria, April 20 -- Dangote Sugar has received shareholders' nod to raise half a trillion naira by way of rights issue, the sugar manufacturer stated in the outcome of its 20th annual general meeting... Read More


Sterling Bank, Mutual Benefits, NPF Microfinance Bank top stock pick this week

Nigeria, April 20 -- Nigerian stocks advanced strongly last, with the benchmark equity index rising by 6.6 per cent, driven by increased investors' interest in oil & gas stocks. The market has so far ... Read More