Section

MARKETS

News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.

Company Results 1 min
Nigerian Breweries H1 profit rises 18% to N156.3 billion, erases accumulated losses
By Idika Aja
Currencies 1 min
Naira hits N1,834/£1 as British Pound slips against US dollar
By Olumide Adesina
Breaking News 1 min
MTN Nigeria hits N1.09 trillion H1 2026 profit, up 75.4%
By Kelechi Mgboji
Dividends 1 min
First HoldCo to pay out 60% of annual profit as dividends
By Samson Akintaro

More Stories

Company Results

Seplat’s pre-tax profit rises 74% to N790 billion, declares record US$0.12 quarterly dividend

Equities

NGX extends losing streak, investors lose N1.65 trillion in two days

Company Results

Dangote Cement’s H1 2026 profit jumps 34% as Nigeria carries Group

Equities

PenCom’s new RSA rules could send N2 trillion into Nigerian stocks

Company Results

Prestige Assurance doubles H1 profit to N1.05 billion despite 16% drop in premiums

Company Results

UAC Nigeria pre-tax profit jumps 210% in H1 2026 on consolidation of C.H.I. Limited

Billionaire Watch

Otedola spends another N222.2 billion on First HoldCo shares, raises stake to 25.87%

Fixed Income

CBN lowers T-bill yield as oversubscription jumps sevenfold

Equities

Nigerian equities lose N648 billion as TIP, NREIT lead broad mid-week sell-off

Company Results

Sterling Bank’s profit climbs 22%, but loan losses are rising faster