Seplat Energy Plc has reaffirmed its commitment to long-term investments across its core business divisions, following a transformative year in which the company significantly increased its production and reserve base through the acquisition of Mobil Producing Nigeria Unlimited (MPNU). Addressing shareholders and journalists at the company’s 2025 Annual […]
Category: Capital Market
Capital Market
Legend Meets 20% Free Float Requirement Post-NGX Listing
Legend Internet Plc has confirmed compliance with the Nigerian Exchange Limited’s (NGX) minimum free float requirement, following its listing on the Main Board of the Exchange on 24 April 2025. The company in a notice to the Nigerian Exchange Limited, disclosed that it has made a sufficient quantity […]
CSCS Launches USSD Code To Boost Investments
Central Securities Clearing System Plc (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025. The USSD code service is a solution designed to enhance the ease and accessibility of investment services for all users. […]
BUA Foods’ Sugar Share Falls to 48% Amid Rising Food Inflation
BUA Foods Plc reported a 24 per cent year-on-year revenue growth to ₦442.1bn in Q1 2025, but its Sugar division—traditionally its largest revenue contributor—saw its share fall to 48 per cent, down from 67 per cent in the same period last year. The decline was driven by a significant drop […]
Ekiti State, CIS To Partner On Financial Intelligence Training
The Ekiti State Government and Chartered Institute of Stockbrokers (CIS) have agreed to collaborate in capacity building on financial intelligence for top-level government officials in line with the Institute’s financial literacy programme. Besides, plans are underway to introduce Bachelor Degree Programme in Securities and Investment at Ekiti State […]
ITMB Secures Two-Year Extension To Meet Free Float Requirement
Infinity Trust Mortgage Bank (ITMB) Plc has received a two-year extension from NGX Regulation Limited (NGX RegCo) to meet the Free Float requirement stipulated for companies listed on the Main Board of the Nigerian Exchange Limited (NGX). In a formal disclosure to the NGX and the investing […]
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 […]
SEC Urges Nigerians To Report Any Suspected Illegal Investment Scheme
The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action. The Commission said this in a notice issued on Thursday to the investing public warning that ponzi investment schemes posed great danger […]
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 […]
DMO Offers N350bn FGN Bonds for Auction
The Debt Management Office (DMO) has announced plans to re-open two Federal Government of Nigeria (FGN) bonds worth N350 billion for public auction, scheduled for April 28, 2025, with settlement on April 30, 2025. The offer, which forms part of the federal government’s domestic borrowing strategy, will […]