Business 24 of 2,244 Stories

Guaranty Trust Holding Company (GTCO) Plc recorded a 7.8 percent decline in profit after tax to N414.19 billion in the first half of 2026 as a sharp increase in income-tax expenses offset growth in interest earnings and a significant reduction in loan impairment charges. The financial services group reported profit after tax of N414.19 billion […].

Dangote Group said a Kenyan court ruling over a land rights dispute will not halt the groundbreaking ceremony for its planned 700,000-barrel-per-day (bpd) oil refinery in Lamu, although some activities at the site could be affected. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.

Official updates highlight key developments regarding abuja developer bets on property ownership as wealth creation engine. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

University Press Plc (UPL) emerged as the best-performing equity on the Nigerian Exchange (NGX) on Monday after its share price gained 9.89 percent to close at N5. The publishing company’s stock advanced by N0.45 from its previous closing price of N4.55, placing it ahead of other major gainers during Monday’s trading session.

A share trading well below its highest price of the year can look like a bargain. That is the picture across Nigerian consumer goods stocks: the 19 companies reviewed traded, on average, about 22% below their individual 52-week highs. The Index had gained just 2.99% year to date, making it the second-worst performer among the […].

Official updates highlight key developments regarding dangote IPO expands across Africa as Zimbabwe investors gain access. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

ABC Transport Plc extended its rally on the Nigerian Exchange (NGX) on Monday gaining 9.80 percent to N5.60 after recording another strong advance in the previous trading session. The transport company’s share price increased by N0.50 from Friday’s closing price of N5.10, making it the third-highest percentage gainer during Monday’s trading session.

Bank of Ghana Governor Dr Johnson Pandit Asiama has appointed Second Deputy Governor Matilda Asante-Asiedu to represent him on the Board of the Ghana Gold Board (GoldBod). The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.

Official updates highlight key developments regarding makinde tackles Tinubu over new Army divisions funding in 2026 budget. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

RT Briscoe Nigeria Plc’s recent rally stalled on Monday as the stock declined 6.07 percent to N10.05 after recording strong gains in the previous two trading sessions. The company’s share price fell by N0.65 from N10.70 recorded on Friday, placing RT Briscoe among the five biggest decliners on the Nigerian Exchange (NGX) during Monday’s session.

Guaranty Trust Holding Company Plc (GTCO) generated a combined profit before tax of N15.94 billion from its three non-banking subsidiaries in the first half of 2026, underscoring the growing contribution of its fintech, asset management and pension businesses to Group earnings. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.

Official updates highlight key developments regarding infantino proposes additional FIFA funding for 211 member associations. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

Fortis Global Insurance Plc led the losers on the Nigerian Exchange (NGX) on Monday after its share price declined 9.50 percent to close at N1.81. The insurance company’s stock fell by N0.19 from its previous closing price of N2, making it the biggest percentage decliner during Monday’s trading session.

Oil marketers have lamented that Nigerians are not sympathetic to the losses they incur due to volatility in the downstream petroleum sector. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.

Official updates highlight key developments regarding more than half of African economies see inflation drop in August, but oil above $100 threatens gains. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

Critical Minerals Financing Corporation (CMFC) extended its winning streak on the Nigerian Exchange (NGX) on Monday gaining another 9.82 percent to close at N3.58 per share. The stock advanced by N0.32 from its previous closing price of N3.26, placing it among the strongest-performing equities during Monday’s trading session. The latest increase extended CMFC’s rally to […].

Guaranty Trust Holding Company Plc (GTCO) generated N262.58 billion in interest income from its African and United Kingdom subsidiaries during the first half of 2026, accounting for about 30% of the Group's total interest income for the period. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.

Official updates highlight key developments regarding workplace leadership institute outlines three approaches to effective work assignment and delegation. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

Investors on the Nigerian Exchange (NGX) gained approximately N299 billion on Monday as renewed buying interest pushed the equity market capitalisation to N163.95 trillion. Market capitalisation increased from N163.655 trillion recorded on Friday to N163.955 trillion, representing an increase of approximately N299.36 billion. The NGX All-Share Index also advanced by 453.43 points, or 0.18 percent […].

Meta CEO Mark Zuckerberg lost about $12.2billion from his fortune on Monday as shares of the technology company declined amid renewed investor concerns over the scale of its artificial intelligence spending. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.

Official updates highlight key developments regarding royal Court School inaugurates new governing council, names ex-NLNG GM Dienye chairman. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

Official updates highlight key developments regarding doctors raise alarm over rising heart disease risk. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.

A bank branch can disappear from a balance sheet long before it disappears from a customer’s daily calculations. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.