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Stanbic IBTC Q1 Profits Surge 40% to ₦115bn as Trading Revenues Recover

Stanbic IBTC Holdings PLC has kickstarted the 2026 financial year with an aggressive shift in its earnings mix in the first quarter (Q1). While...

NSIA Under Scrutiny: 48% Salary Surge and 91% Write-Down on Kasi Cloud Asset

The Nigeria Sovereign Investment Authority (NSIA) is facing a double-sided crisis of confidence. While top-line profits plummeted by 91.3% in 2025, the Authority's internal...

Nigeria SWF Profit Plummets 91% as FX Gains Evaporate

The Nigeria Sovereign Investment Authority (NSIA) which manages the country's Sovereign Wealth Fund (SWF), has reported a sharp 91.3% decline in annual profit for...

Transcorp Hotels Hits 77% Gross Margin in ₦7.08bn Q1 Win

Transcorp Hotels Plc has maintained its aggressive growth trajectory, reporting a 15% surge in Profit Before Tax (PBT) for the first quarter of 2026. Despite...

Berger Paints Net Profit Margin Jumps in Q1, Ensures Higher Shareholders’ Value

The largest manufacturer of paints and coating industry in Africa’s most populous nation Berger Paints Plc posted a net profit margin of 13.48 percent...

BUA Cement Profit Doubles to ₦176bn on Record Sales and Finance Gains

BUA Cement Plc has delivered a knockout performance for the first quarter of 2026, reporting a 117.41% jump in Profit After Tax (PAT). While the...

Dangote Fertiliser Issues $750 Million 5-Year Eurobond at 7.75%

In a major test of international appetite for Nigerian corporate debt, Dangote Fertiliser Limited has successfully priced its debut $750 million 5-year Eurobond at...

Citi’s Cowan Calls Nigeria the “Unambiguous Winner” From Iran Conflict

Citi’s Senior Africa Economist, David Cowan, has identified Nigeria as the primary economic beneficiary in Sub-Sahara Africa from the ongoing Iran-Israel-U.S. conflict. While the war...

AFC Hosts $45.8bn Infrastructure Summit to Curb Africa’s Debt Reliance

The Africa Finance Corporation (AFC) is currently convening the inaugural "Africa We Build" Summit in Nairobi (April 23–24, 2026). The summit marks a strategic...

FirstHoldCo Leaves Zenith and GTCO in the Dust, Rallies 32% to Lead Tier-One Pack Ahead of Q1 Results

…Target ₦90: Analysts Eye Valuation Re-rating as Gap Closes with Peers FirstHoldCo Plc has completed a dramatic turnaround on the Nigerian Exchange (NGX), evolving from...

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