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 […]
Category: Financial Market
Financial Market
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 […]
Tariff Pressures To Push Global Public Debt Past Pandemic Levels-IMF ….. Sees Global Public Debt At Nearly 100% Of GDP by 2030
Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100 per cent of global GDP by the end of the decade as slower growth and trade strain government budgets, the International Monetary Fund said on Wednesday. The IMF’s […]
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 […]
Nigeria’s Currency in Circulation Falls ₦240bn in Q1’2025
Nigeria’s currency in circulation (CIC) declined by ₦240bn in the first quarter of 2025, according to newly released data from the Central Bank of Nigeria (CBN), reflecting a 4.58 per cent contraction over the three-month period. The report, published by the apex bank, shows that the total currency […]
IMF Cuts Global Growth Forecast for 2025 to 2.8% Amid Rising Trade Tensions
The International Monetary Fund (IMF) has lowered its global economic growth forecast for 2025 to 2.8 per cent, citing escalating trade tensions and growing policy uncertainty triggered by sweeping new U.S. tariffs. The revised figure represents a 0.5 percentage point downgrade from its January 2025 projection and […]