Nigerian market news and social signals.
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With this kind of performance, FCMB is reinforcing its position as one of the standout performers in Nigeria's banking sector. Investors will now be watching closely for the sustainability of earnings and the bank's dividend outlook.
#NGX #FCMB #BankingStocks #Investing
Sterling Bank reported a pre-tax profit of N55.53 billion for the six months ended June 30, 2026, representing a 21.92% increase compared to the previous year. However, the financial institution also experienced an accelerated rise in loan losses during the same period.
Wema Bank Plc reported a pre-tax profit of N154.56 billion for the six months ended June 30, 2026, representing a 53.65% increase compared to the corresponding period of the previous year.
NASCON Allied Industries Plc announced its first half 2026 financial performance, posting a profit before tax of 29.70 billion naira. This represents a 27.59 percent year-on-year increase driven by stronger operating margins, higher finance income, and lower borrowing costs despite modest revenue growth of four percent.
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🚨 “Forget the NGX. Just invest in U.S. stocks. That’s where the real money is.”I’ve heard this statement many times.And while there are amazing companies listed on the NYSE and NASDAQ, there is one important question many investors forget to ask:Do you actually understand
🚨 “Forget the NGX. Just invest in U.S. stocks. That’s where the real money is.”I’ve heard this statement many times.And while there are amazing companies listed on the NYSE and NASDAQ, there is one important question many investors forget to ask:Do you actually understand
Aliko Dangote has described the construction of the seven hundred thousand barrel per day Dangote Petroleum Refinery as the most significant business risk of his career, highlighting the scale of capital deployment and operational exposure involved in the landmark industrial project.
📊 UZEE STOCKS UPDATE LTD🇳🇬 Nigerian Stock Market Wrap-Up | Wednesday, July 29, 2026The Nigerian Exchange (NGX) ended Wednesday's session slightly lower as investors booked profits in some large-cap stocks, particularly in the banking sector. Despite the pullback, the broader
📊 UZEE STOCKS UPDATE LTD🇳🇬 Nigerian Stock Market Wrap-Up | Wednesday, July 29, 2026The Nigerian Exchange (NGX) ended Wednesday's session slightly lower as investors booked profits in some large-cap stocks, particularly in the banking sector. Despite the pullback, the broader
The Dangote Petroleum Refinery is projected to consume approximately 2.5 percent of globally traded crude oil upon reaching its full operating capacity.
Data from the Chinese Embassy indicates that Nigerian imports to China surged by 81 percent during the first half of 2026. This increase is attributed to expanding bilateral trade agreements and preferential tariff policies between the two nations.
World Trade Organisation Director-General Ngozi Okonjo-Iweala has advised Nigeria and other African nations to process critical minerals locally before exporting them, a policy stance that could influence industrial development, export earnings, and macroeconomic strategies across the continent.
The Federal Government has approved forty-six billion naira for the resurfacing and reconstruction of the second runway at the Mallam Aminu Kano International Airport. The Minister of Aviation and Aerospace Development announced the development during the commissioning of the remodelled domestic terminal at the facility.
The Federal Government has highlighted the strategic importance of the Dangote Petroleum Refinery and Petrochemicals in achieving Nigeria's economic growth targets. Authorities emphasized the need for stronger public-private partnerships to boost industrial development, generate employment, and support overall economic expansion.
Royal Exchange Plc released its financial statement for the first half of 2026, indicating a significant drop of 94.2% in pre-tax profit compared to the previous period.
Stanbic IBTC celebrated three decades of providing custody services in Nigeria through a Closing Gong ceremony at the Nigerian Exchange, highlighting the institution's long-standing presence in the country's capital market operations and financial sector development.
The Federal Competition and Consumer Protection Commission alongside the Lagos consumer protection agency issued compliance warnings to businesses regarding pricing transparency, product labelling, and refund policies.
The National Information Technology Development Agency plans to license technology firms for independent software testing to improve quality and security standards across government and private sector operations in Nigeria.
Stock Market Reverses Gains in Midweek Trade as Broad Selloffs Erase N648bn in Investor Wealth; BDC Rate Closed Flat at N1,410/US$1With 45 decliners outpacing 23 gainers, reflecting broad-based selloffs across major sectors, the NGX closed Wednesday's trading session on a
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