Multiverse Mining and Exploration Plc’s first-quarter projection indicates that rising administrative expenses and a heavy loan burden are set to push the company into a monthly operating loss in March. The projection is contained in the company’s first-quarter (Q1) 2026 financial forecast, signed by Managing Director Ayo Oluwasusi and Chief Financial Officer Sijuwade Adedeji. A …
Eterna Plc said it has received the Securities and Exchange Commission's (SEC) approval to proceed with its ₦21.52 billion Rights Issue of 978,108,485 ordinary shares of ₦0.50 each at ₦22.00 per share. The disclosure was made in a statement issued on Monday by the Company Secretary, David Edet, and sent to shareholders and the Nigerian …
Access Holdings, Oando and Conoil ranked among the worst-performing equities on the Nigerian Exchange Limited (NGX) during the 2025 trading year, as several stocks recorded steep declines in market value. Other equities that completed the bottom ten list include VFD Group, Sunu Assurances, Africa Prudential, Lasaco Assurance, Haldane McCall, Industrial and Medical Gases Nigeria, and …
The Chairman of First HoldCo Plc, Femi Otedola, has acquired additional shares, valued at ₦14.8 billion, in the financial holding company. The holding company announced this in a notice late Thursday, signed by the Company Secretary, Abiola Baruwa. According to the notice filed with the Nigerian Exchange Limited (NGX), the shares were purchased through Calvados …
Nigerian indigenous oil company, Seplat Energy Plc, has reported a N3.36 trillion revenue growth for the third quarter (Q3) of the year. The revenue growth represents a 204 per cent increase compared to the N1.07 trillion the company posted in the same period in 2024. According to its nine-month financial statement released on Monday, December …
The Nigerian Exchange Limited (NGX) has approved N15.34 billion of Chapel Hill Denham Management Limited’s Series 11 Nigeria Infrastructure Debt Fund on the domestic market. It made this known in its weekly report released on December 12, 2025. According to the NGX, the fund comprises 140.1 million units of N100.00 each, valued at N109.50 each, …
Wema Bank Plc may emerge as the best-performing banking stock in 2025 on the Nigerian Exchange Limited (NGX). A review of the NGX stock market data by Pinnacle Daily, from the beginning of the year to the end of November, points in this direction. It shows Wema Bank as the only bank that has crossed the …
