The Federal Government has unveiled plans to strengthen regulation in the housing and construction sector through mandatory licensing for property developers and agents, alongside the introduction of escrow accounts designed to protect home buyers across the country.
Nigeria's ambition to achieve a one trillion dollar economy by 2030 requires accelerated economic expansion, which carries significant implications for corporate growth and market performance across various listed sectors on the exchange.
HBM Nigeria Plc released its unaudited financial statements for the first half of 2026, reporting a pre-tax profit of N317.73 billion and declaring an interim dividend for shareholders.
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📊 NGX Market Update
The Nigerian Exchange closed slightly lower today, with the All-Share Index down 0.05% as profit-taking weighed on the market. CNIF, THOMASWY, and LASACO led the gainers, while SUNUASSUR, TRANSPOWER, and INTBREW topped the losers. Trading remained active,
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H1 2026: FCMB Group posts 99% growth in PBT
FCMB Group Plc has announced its unaudited financial results for the half-year ended June 30, 2026, reporting a 99% year-on-year increase in profit before tax to ₦157.3 billion from ₦79.1 billion in the corresponding period of 2025, https://t.co/Pre9FIvrLI
Ikeja Hotel Plc announced a profit after tax of N4.06 billion for the first half of 2026, representing a 30.5 percent increase compared to the previous year and marking its highest profit in five years.
Nigerian paint manufacturer CAP Plc reported a 20 percent year-on-year increase in operating profit during the first half of 2026, driven primarily by effective cost discipline measures across its operations.