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 […]
Category: Financial Market
Financial Market
APT Securities Projects NGX Market Cap Above ₦100tr by Year-End … Blue-Chip, Insurance Stocks Tipped for Strong 2025 Performance
Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, has projected that the Nigerian Exchange (NGX) market capitalisation will surpass ₦100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activities. Speaking at […]
Alternative Bank, AMWMF Partner to Empower Entrepreneurs Nationwide
The Alternative Bank, one of Nigeria’s non-interest financial institutions, has entered into a partnership with the Association of Market Women/Men and Farmers of Nigeria (AMWMF) to boost economic empowerment and expand financial inclusion for millions of grassroots entrepreneurs across the country. The initiative, launched in collaboration with Sterling Financial […]
Oando Shareholders Approve ₦500bn Capital Raise, Debt Conversion
Shareholders of Oando Plc have given approval to a comprehensive capital raising and restructuring plan worth up to ₦500bn, alongside the conversion of $300m in existing debt to equity, as part of efforts to strengthen the company’s financial position and drive long-term growth. The resolutions were passed at the […]
Insurance Reforms Must Address Policy Complexity, Says Analyst
Financial analyst and Managing Director, Cowry Asset Management Limited, Johnson Chukwu, has called for a comprehensive simplification of insurance policies in Nigeria to boost public confidence and drive growth in the sector. He made the call during an interview on Channels Television, following the signing of the […]
UBA, Afrexim Bank Partner to Digitise African Trade Via LEO, PAPSS
United Bank for Africa (UBA) has integrated its Artificial Intelligence (AI) chatbot, LEO, with the Pan-African Payment and Settlement System (PAPSS) in a bid towards enhancing intra-African trade. The initiative launched in partnership with the African Export-Import Bank (Afrexim Bank), enables seamless end-to-end transactions across African borders in […]
FG Urged To Incentivize NASD Listings For Market Growth
The Federal Government has been urged to introduce targeted incentives to encourage public limited liability companies to list on the NASD OTC Securities Exchange, as part of broader efforts to deepen Nigeria’s capital market and drive inclusive economic growth. This appeal was made by the Managing Director and […]
Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion
Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period ended June 30, 2025, to the Nigerian Exchange Group (NGX). On track to set an unprecedented benchmark, Wema Bank’s […]
Q2 2025: Nigerian Breweries Records N733.19bn Revenue
Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the same period of 2024. According to the provisional result, net profit for the second quarter of 2025 stood at […]
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 […]