Dangote Cement targets 80Mt by 2030, with Itori the first delivery test
The initial 6Mt Itori plant is targeted for commissioning by end-2026. Dangote Cement must translate new capacity into profitable sales while funding expansion and dividends.
Elumelu-linked companies lift Seplat stake to 21.07% with £53.22m purchase
Tony Elumelu-linked companies have increased their combined voting interest in Seplat Energy to 21.07%, after Heirs Energies bought another six million ordinary shares. The purchase adds to an already substantial…
PZ’s 66% profit fall needs context as ₦2.50 dividend vote approaches
PZ Cussons Nigeria reported higher sales revenue and earned a better gross margin in its latest quarter, yet reported profit fell by almost two-thirds. The apparent contradiction sits largely below…
GTCO holds pre-tax profit at ₦603bn as tax and share count weigh on EPS
GTCO held first-half pre-tax profit just above ₦603 billion, but the result reaching each ordinary share fell appreciably. A higher tax charge and a larger weighted-average share count explain why…
Airtel Money sets £1.96 IPO price, putting a $7bn value on the business
Airtel Africa’s mobile-money business has acquired a much clearer price tag. Airtel Money has set its initial public offering price at £1.96 a share, implying an equity value of approximately…
Stanbic IBTC raises interim dividend to ₦4.50 as trading lifts H1 profit
Stanbic IBTC grew half-year profit 38.2% despite weaker net interest income. Trading supplied a major lift, while the ₦4.50 dividend carries cash and scrip options.
Access Bank clears $500m Eurobond: what repayment from its own dollars tells investors
Access Bank has repaid its September 2026 Eurobond from existing foreign-currency liquidity. The funding milestone matters, but the next accounts must show the remaining cushion.
UAC’s ₦19.5bn Livestock Feeds sale puts its next capital move in focus
Two sale agreements in six days could reshape UAC’s portfolio. The Livestock Feeds price is clear; completion, the logistics consideration and the use of proceeds remain the key questions.
Nigerian Stock Market Performance for February 27, 2025
Key Highlights: The Nigerian stock market experienced a mixed session on February 27, 2025, with some sectors posting significant gains while others saw declines. The NGX All Share Index closed…
Nigerian Stock Market Update: February 26, 2025
Key Takeaways: The Nigerian stock market displayed a mix of stability and volatility on February 26, 2025, with some sectors posting significant gains while others suffered declines. The NGX All…