Critical Minerals Financing Corporation Plc (CMFC) delivered a standout performance on the Nigerian Exchange Limited (NGX), surging 37.73 percent in a single week to become the second-best-performing stock on the…
PZ Cussons Announces Scrip Dividend Amid 349% Profit Surge to N45.17bn
PZ Cussons Nigeria Plc has announced a proposed scrip dividend arrangement, offering shareholders the flexibility to receive their final dividend in cash, additional shares, or a mix of both, following…
NNPC Halts Refinery Spending Amid Unclear Path to Profitability
The Nigerian National Petroleum Company Limited (NNPC) has announced it will not commit further resources to the rehabilitation of its three state-owned refineries—Port Harcourt, Warri, and Kaduna—until a credible, commercially…
Dangote Fertiliser Aims for 12 Million Tonnes Capacity Ahead of IPO Launch
Dangote Fertiliser Limited is set to expand its annual production capacity to 12 million metric tonnes, marking a major step in the Dangote Group’s industrial growth strategy and paving the…
Fortis Global Insurance Tops NGX Losers, Plunges 9.5% to N1.81
Other stocks also experienced notable losses during the session. Trans-Nationwide Express dropped 8.47 percent, falling from N2.95 to N2.70. RT Briscoe declined by 6.07 percent to close at N10.05, while…
Ardova Aims to Launch 100 CNG Stations in 24 Months Following Powergas Acquisition
Ardova Plc has announced plans to establish 100 compressed natural gas (CNG) refuelling stations across Nigeria within the next 24 months, following its proposed acquisition of Powergas Global Investments Nigeria…
UAC Exits DP World Logistics, Sells Entire 43% Stake to TGI Group
Once approved, the transaction will fully transfer UAC’s 43 percent interest to TGI, marking a definitive exit from the logistics venture. The absence of disclosed financial details means the immediate…
Fidelity Bank Dominates NGX Trading Volume with 335 Million Shares, Accounting for 34% of Total Activity
Fidelity Bank Plc dominated trading on the Nigerian Exchange (NGX) on Thursday, accounting for over one-third of the total shares traded as investors exchanged 335.20 million units of the lender’s…
TotalEnergies and AMNI Approve $800M Nigeria Gas Project to Power NLNG Train 7
TotalEnergies and Nigerian energy company AMNI International have officially made a final investment decision on the development of the Ima gas field offshore Nigeria, marking a major milestone in unlocking…