MARKETS
Domestic Bourse Sustained Positive Momentum with NGXASI up 2.03% Though NSI Fell 0.13%; BDC Rate Appreciates to N1,535/US$1 – The total traded volume advanced by 18.25% to close at 940.80m, valued at N30.63bn in 28,358 deals. FIDELITYBK closed with the highest volume, with N111.27m units traded, while MTNN closed with the highest value, amounting to N3.59bn.
Dangote Cement H1 2025 Result: Improved Operational Efficiency Nudges Up PAT by 174.06% – Dangote Cement Plc’s performance in H11 2025 reflects operational resilience and strategic cost discipline. The cement giant reported a +17.70% year-on-year (Y-o-Y) increase in revenue, reaching N2.07trn, driven by sustained market demand and improved pricing strategies across its regional footprint.
Transcorp Plc Declares N65.17bn PAT in H1 2025 Unaudited Results; (SP: N52.55k) – Transcorp Group’s H1 2025 revenue grew by 59% from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21%, to close at N85.7 billion compared to N70.9 billion recorded in H1 2024.
H1 2025 Unaudited Report: Unilever Nigeria Delivers 54% Revenue Growth and 225% Rise in Profit After Tax – Unilever Nigeria Plc, one of Nigeria’s longest-serving manufacturing companies, has announced its unaudited interim report for the six-month period ended 30 June 2025, showcasing a robust performance across key financial metrics and reaffirming its commitment to sustainable growth.
Nigerian Exchange Crossed N87trn as Dangote, GTCO, MTN Rally – Up by about N1.74 trillion, the Nigerian Exchange (NGX) market capitalisation crossed N87 trillion, hitting a new all-time high as bellwether stocks, including GTCO, MTN Nigeria, and Dangote Cement, rallied.
Asian stocks steady as investors brace for tariff deadline and Fed – Asian stocks rose modestly on Wednesday, with investors cautious after trade talks between the U.S. and China ended without any substantive agreement and ahead of the Federal Reserve’s policy announcement.
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