Search

Institutional banking led divisional growth as the group improved operating efficiency while credit costs remained a deduction from earnings.

Wealth-management inflows reached $55.1 billion, while the difference between reported and underlying measures remains central to assessing efficiency.

The 28 October weekly release shows crude and distillate draws alongside a gasoline build, with different signals across fuel products.

Export prices rose 1.4% and import prices fell 1.1% in the September quarter, with energy contracts producing uneven effects.

Imports increased more in dollar terms than exports in September, while preliminary wholesale and retail inventories also rose.

Newly released first-quarter data show gross job creation weakening much more than job destruction increased.

Headline inflation and the underlying trimmed mean both increased in September, according to figures released on 28 October.

Wider net interest income strengthened group earnings, but a larger tax charge and the share-base comparison qualify the gain.

The carrier raised its revenue and adjusted earnings forecasts, although a retained investment loss reduced reported quarterly net income.

Cloud revenue reached $63.9 billion, while investment effects widened the gap between reported and adjusted profit growth.

Revenue and gross margin improved while inventories and receivables expanded, making collection performance central to sustaining the growth.

Higher underwriting and investment results lifted nine-month earnings, but claims payments and weaker premium receipts weighed on operating cash.

The naira strengthened to about N1,347 per dollar in the official market on Thursday, 29 October 2026, having traded near N1,367 earlier in the week, while a CBN survey shows businesses expect continued stability and modest appreciation.

The listed Nigerian marketer earned N5.84 billion, but thin margins and working-capital obligations qualify its nine-month recovery.

Rental and interest income increased, but higher fees absorbed part of the growth and distributions reduced reported net assets.

Customer loans rose to N36.69 billion as borrowing grew faster than deposits. Inconsistencies in the filing require clarification.

Revenue and margins improved, but liabilities still exceeded assets and operations used cash during the nine months.

Cocoa farmers’ associations are intensifying pressure for value-chain reforms, warning through their representatives that proposed federal commodity board legislation must not recreate the rent-seeking structures that impoverished farmers under Nigeria’s old marketing boards, BusinessDay reported on Monday, October 26.

Cross River State exports more than 80,000 metric tons of cocoa annually, the Cocoa Association of Nigeria said, positioning the state as a leading supplier in Nigeria’s resurgent cocoa trade as it pushes for direct export channels from its southern port, BusinessDay reported.

Nigeria’s cocoa exports have surged by roughly 3,000% in value over the last five years, driven by the naira’s depreciation multiplying the naira proceeds of dollar-priced beans even before production growth, BusinessDay reported on Monday, October 26.

Billionaire industrialist Aliko Dangote told the 32nd Nigerian Economic Summit in Abuja on Monday, October 26, that companies should be able to buy foreign exchange through the market at prevailing rates rather than rely on direct Central Bank of Nigeria allocations, warning that naira cash alone does not solve machinery import needs.

The Nigerian Exchange has moved to flag nine listed companies for delisting, restructuring or other corporate actions, with Union Dicon Salt among the firms whose statuses changed on the Exchange’s daily register, Nairametrics reported on Monday, October 26.

Seplat Energy closed unchanged at ₦16,000.10 on Monday, October 26, pausing a year-to-date run that has delivered roughly 175% gains and made the oil and gas producer one of the Nigerian Exchange’s best-performing blue chips in 2026.

Dangote Cement shares rose 10% to ₦1,222.10 on Monday, October 26, their second consecutive daily limit-up close after a similar jump on Friday, October 23, leading the Nigerian Exchange gainers table on volume of 5.68 million shares.