Markets
2024 Market Leaders: Top 10 Nigerian Stockbrokers by Value and Volume – Who’s Shaping the Future of Trading
The Nigerian stock market in 2024 has been a vibrant and competitive arena, with several brokers emerging as key players in terms of trading value and volume. Understanding the performance of these brokers is crucial for investors, regulators, and market participants. In this detailed analysis, we will rank the top 10 brokers by value, incorporate their volume metrics, and explore […]
Nigeria 2025: CardinalStone’s Guide to 3.7% Growth & 40% Returns
Key Highlights Introduction As we approach 2025, Nigeria stands at a critical juncture in its economic journey. After years of challenges, including high inflation, currency volatility, and sluggish growth, the country is poised for a significant turnaround. Driven by reforms, sectoral growth, and improved macroeconomic conditions, Nigeria’s economy is expected to grow at its fastest […]
Flour Mills of Nigeria Sees 76% Revenue Surge to N1.7 Trillion in H1’25 Amid Robust Growth Across Segments
Flour Mills of Nigeria Plc (FMN), one of the leading food and agro-allied companies in Nigeria, has announced a strong financial performance for the first half of its 2025 fiscal year (H1’25). The company reported significant growth across all key financial metrics, despite the challenging macroeconomic environment. The H1’25 results reflect the effectiveness of FMN’s […]
Net Profit Growth: AXA Mansard Achieves 20% Rise in Operating Profit to ₦15 Billion in Q3 2024
As of Q3 2024, AXA Mansard Insurance Plc. has shown notable resilience and growth in a challenging financial environment. The report, prepared under International Financial Reporting Standards (IFRS) and aligned with Nigeria’s Companies and Allied Matters Act (CAMA) 2020, highlights robust asset management, increased operating profits, and strategic expansions. The company’s strengthened equity position and […]
Okomu Oil Palm Plc Financial Overview
Okomu Oil Palm Plc, a prominent entity in Nigeria’s agricultural sector, has recently disclosed its financial performance for Q2 2024, revealing a mix of challenges and growth. The company reported a pre-tax profit of N6.24 billion for the quarter ending June 30, 2024, which is a 22.28% decline year-on-year and below the forecasted N6.699 billion. […]
Nigeria’s Imports from Malta Surge to $2.25 Billion in 2023, Sparking Controversy
Available information from the United Nations COMTRADE database and the National Bureau of Statistics, NBS, reveals that imports from Malta by Nigeria surged to US$2.25 billion in 2023. This represents a rather huge increase from the zero import recorded in 2022 and has already raised furore in the nation’s oil sector. It began to surge […]
Nigeria Makes History as First Dollar-Denominated Domestic Bond Set to Raise $500 Million
Abuja, Nigeria – In a landmark move for its financial markets, the Federal Government of Nigeria is preparing to issue its first-ever dollar-denominated domestic bond, aiming to raise an impressive $500 million from both local and international investors. This significant initiative is scheduled for launch next Monday and is expected to attract considerable interest from the investment community. […]
Nigerian Equity Market Sees Decline in Trading Volume and Value for Week Ending August 16, 2024
The Nigerian equity market experienced a downturn in trading activity for the week of August 12-16, 2024. Total equity turnover fell to 2.033 billion shares worth N42.155 billion across 45,157 deals, marking a significant decrease from the previous week’s figures of 2.679 billion shares valued at N49.017 billion in 47,451 deals. During this five-day trading […]
Nigeria’s Cost of Living Crisis: Analyzing the 15 Most Expensive States in July 2024
As Nigeria grapples with persistent economic challenges, the latest Consumer Price Index (CPI) data for July 2024 reveals a concerning trend of rising living costs across the country. This analysis focuses on the 15 most expensive states to live in, highlighting the ongoing inflation crisis and its impact on different regions. 11-15. Kaduna, Bayelsa, Rivers, […]
TotalEnergies Jumps N84.20 This Week: Nigerian Market Rally Intensifies (August 17, 2024)
Market Overview The Nigerian stock market has shown significant positive momentum, with several companies across diverse sectors posting substantial gains. This trend indicates a broad-based rally and growing investor confidence. Top Performers Sector Performance The gains span various sectors, suggesting a broad market rally: Market Implications Investor Outlook This data paints a positive picture for […]