11 articles
The recent impediment faced by Opay Digital Services Limited (Opay) in undertaking a $304 million Initial Public Offer on the New York Stock Exchange (NYSE) may signal the level of challenges Nigerian companies are likely to face as they seek listing on stock exchanges with global profiles. Foreign bourses, particularly those with global appeal, like the NYSE and the…
Access Holdings Plc has announced a profit before tax of N667.4 billion in the first nine months of 2026, an 8.3% increase over the N616.2 billion declared in the same period in 2025. This is contained in the company’s Unaudited Interim Financial Statements filed at the Nigerian Exchange Group (NGX) Monday. The slight profitability growth…
After a botched N250 billion capital raise efforts, Ellah Lakes Plc continues to battle with profitability as the 2026 year-to-date third quarter results show an operating loss of N1.1 billion ($820,000), a 14% improvement over the N1.3 billion loss posted in 2025. This is contained in the company’s Unaudited Interim Financial Statements filed at the Nigerian Exchange Group (NGX) Monday. Ellah Lakes had…
Despite recording a slight growth in revenue, the profit after tax of Presco Plc fell by 29% to N78.6 billion ($58 million) in year-to-date Q3 2026 from N110.8 billion in the same period in 2025, on account of provisions for exchange rate loss. In the Unaudited Interim Financial Statements filed at the Nigerian Exchange Group…
Bua Foods Plc reworked its cost line to manage its declining revenue in the first nine months of 2026, growing its profit after tax by 11% from N405.3 billion ($303 million) in 2025 to N450.4 billion in the same period in 2026, according to the report filed at the Nigerian Exchange Group (NGX) on Friday….
With a net-worth of $51 billion, Aliko Dangote is richer than everybody else in the United Kingdom. Mr. Dangote, whose business interests span cement manufacturing, sugar processing, fertilizer production and crude oil refining is the richest African in recorded history. His wealth largely emanates from providing essential items to citizens of Nigeria, his home country…
Guaranty Trust Holding Company Plc (GTCO), the parent company of Guaranty Trust Bank, has announced a total comprehensive income of N495 billion ($375 million) in its 2026 year-to-third quarter result, a decrease of 34% from the N750 billion achieved in the same period in 2025. The company, in its quarterly financial statement released to the…
Nigerian Exchange Group, an organization designed as a platform for risk-taking and long-term investors, seems to be playing safe as its year-to-date 2026 nine-month report shows a higher disposition towards risk-free investments. The banking recapitalization programme of 2024/2025 as well as the significant growth in the prices of blue-chip stocks boosted market capitalization and the…
Against the background of the heavy losses sustained in the aftermath of the harmonization of the foreign exchange rates in 2023, International Breweries Plc has attained full recovery as retained earnings moved from a negative position of N191 billion ($143) in the third quarter of 2025 to N54 billion in the same period in 2026. The company, in a report at the…
Ikeja Hotels Plc has announced a Profit before Tax of N8.2 billion ($6.2 million) for year to date third quarter 2026, a growth of 14% over the N7.1 billion declared in the same period in 2025. In a report filed at the Nigerian Exchange Group on Monday, the company also announced a revenue growth of 4.9% from N18.4 billion in 2025…
With a profit before tax (PBT) of N911.24 billion ($685 million) year to third quarter of 2026, First HoldCo Plc is on track for a N1 trillion in 2026. In a report filed at the Nigerian Exchange Group Friday, First HoldCo recorded a growth of about 61% in its PBT which was N566.5 billion in…