The United Capital Infrastructure Fund (UCIF) has recorded a year-to-date gross return of 24.62 per cent as it strengthens its governance framework with the appointment of new independent members to its Investment Committee. United Capital Plc, the fund manager, announced that four infrastructure and investment professionals have been appointed […]
Category: Financial Analysis
Financial Analysis
Nigerian Stock Market Hits Record Highs, Creates N36.62trn Wealth in 2025
The Nigerian equities market delivered a historic performance in 2025, generating approximately N36.62trn in capital gains for investors, even as the economy contended with soaring inflation, foreign exchange volatility, and political uncertainties. Data from the Nigerian Exchange Limited (NGX) showed that the benchmark All-Share Index (ASI) rose by 51.19 […]
Nigeria’s Inflation Falls to 18.02% in September, Driven by Lower Food Prices … Dips Below 20% First Time in 3 Years …Experts Nigeria’s Disinflation Trend, Calls for Policies to Tackle Persistent Cost Pressures
Nigeria’s headline inflation rate eased to 18.02 per cent in September 2025, marking a significant moderation from 20.12 per cent recorded in August, according to the latest data from the National Bureau of Statistics (NBS). The drop represents a 2.1 per cent month-on-month decline and the first […]
Breaking: Nigeria’s Inflation Eases to 21.88% in July, Lowest in 13 Months
Nigeria’s headline inflation rate slowed to 21.88% in July 2025, a marginal decline from 22.22% recorded in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The moderation marks the lowest year-on-year inflation level since June 2024, offering tentative relief amid […]
Seplat Energy’s H1 2025 Revenue Hits N2.17trn … Declares US 4.6 Cents Dividend Per Share for the Quarter
Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year. Its gross profit soared to N751.2bn from N247.5bn Year-on-Year. Cash generated from its operations for the period grew to […]
Citi Q2 Earnings Top Estimates Amid Dealmaking Resurgence
Citigroup Inc. reported a sharp 25 per cent year-on-year increase in second-quarter earnings, beating analysts’ expectations as its trading desks capitalized on volatile markets and its investment banking unit benefited from a resurgence in dealmaking. The third-largest U.S. lender posted a net income of $4bn, or $1.96 per share, […]
Oando Profit-After-Tax up 267% to N220 billion in FY2024 Audited Results
Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9 trillion in FY 2023. In the upstream, Oando’s production […]
Lafarge earns N248.350bn Revenue In Q1
Lafarge Africa Plc has recorded N242.67bn from sales of cement following rising cost of cement in the country driven by inflation. This accounted for 97.7 per cent of the total sales revenue of N248.35bn for the first quarter of the 2025 financial year. The sales […]
UBA Reports Net Trading, FX Income of N37.04bn in Q1
United Bank for Africa (UBA) Plc reported a net trading and foreign exchange income of N37.04bn for the first quarter ended March 31, 2025—representing a 236.3 per cent increase from N11.90bn posted in the corresponding period of 2024. The growth was largely driven by higher yields from fixed-income […]
Access Holdings Records 88% Growth in Gross Earnings To N4.878trn
Access Holdings Plc has announced its audited financial results for the full year ended December 31, 2024. The Group delivered 88 per cent year-on-year growth in gross earnings, rising from N2.594trn in 2023 to N4.878trn in 2024. According to the group’s financial results seen by THE […]