Proshare

24/09/2025

CardinalStone's Euromoney Award and the Future of Brokerage in Africa - by Sola Oni

When CardinalStone Securities was named Africa’s Best Broker at the 2025 Euromoney Capital Market Awards, it was more than a corporate accolade.

24/09/2025

Toxic Beauty: Tulip Mania and the Birth of Financial Bubbles - by Anthony Kila

What springs to mind when you see a tulip? Likely beauty, love, hope, and renewal — and rightly so. However, there's more beneath the surface, and what follows six is far more than seven; the story of the tulip extends beyond mere aesthetics.

24/09/2025

What is Nigeria Bringing Back from UNGA at 80? - OpEd by Ade Adefeko

Kashim Shettima, Vice President of the Federal Republic of Nigeria, will be addressing the United Nations General Assembly.

24/09/2025

The Nigerian Markets at a Glance 24th September 2025

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24/09/2025

UBA Group delivered a mixed but resilient H1 2025 performance, posting strong revenue growth of 17.3% to N1.61trn and expanding assets by 17.4% alongside impressive 18.9% deposit growth, though rising interest costs (+70%) and operating expenses pressured profit margins - the stock trades at an attractive P/E of 4.0x near its 52-week high with analysts maintaining BUY recommendations.

🔗Read the complete analysis:

With branches in 20 African countries and other strategic locations, UBA continues to strengthen its proficiency by offering a diverse range of services across retail, corporate, and investment banking. The group's H1 2025 results show sustained growth in its core operations, driven by a growing dep...

24/09/2025

NFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – September 24, 2025

Closing Rate - N1,488.56

BDC Rate- N1,505

GBP Rate- N2,070

EURO Rate- N1,770

CAD Rate - N1,090

YUAN Rate - N200

Compare more currencies at https://proshare.co/ExchangeRates

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24/09/2025

Investors lost N135.13bn as all-shares market capitalisation decreased to N89.06trn, while the year-to-date (YTD) return decreased to 36.72%. The market sentiment stayed bearish, with 27 decliners compared to 23 gainers. DANGSUGAR led the gainers’ list, while DEAPCAP led the losers’ list. Meanwhile, MECURE traded above its 52-week high at N23.75.

The total traded volume declined by 41.70% to close at 442.56m, valued at N16.97bn in 21,684 deals. ZENITHBANK closed with the highest volume and value, with N68.99m units traded, amounting to N4.76bn.

Read more: https://proshare.co/articles/domestic-bourse-traded-down-as-investors-lost-n135bn-with-ngxasi-down-0.15-bdc-rate-appreciated-to-n1505us1?menu=Market&classification=Read&category=Market%20Updates

In midweek trading on Wednesday, the NGX All-Share Index fell 0.15% to close at 140,716.10 points from 140,929.60 points in the previous trading session, sustaining a bearish momentum on profit-taking in MTNN (-4.80%), CADBURY (-2.96%), UACN (-2.37%), HONYFLOUR (-1.64%), NAHCO (-1.41%), FIDELITYBK (...

24/09/2025

Aradel Holdings Plc has issued a notice regarding its July 11, 2025 announcement on the appointment of Mr George Abiodun Osahon to its Board. The Company explained that the earlier designation of Mr Osahon as an Independent Non-Executive Director (INED) was made in error, following a miscalculation of his shareholding in Aradel Holdings Plc.

Aradel Holdings Plc has issued a notice regarding its July 11, 2025 announcement on the appointment of Mr George Abiodun Osahon to its Board. The Company explained that the earlier designation of Mr Osahon as an Independent Non-Executive Director (INED) was made in error, following a miscalculation....

24/09/2025

FG Seeks Fresh Investments in Oil & Gas Sector

The Federal Government has reaffirmed a commitment to attracting greater investment into Nigeria’s oil and gas sector as a catalyst for industrialisation and economic growth. In Abuja, the Special Adviser to the President on Energy, Mrs Olu Verheijen, highlighted ongoing reforms under the Tinubu a...

24/09/2025

First HoldCo Plc has announced the appointment of Mrs Abiola Baruwa as its new Group Company Secretary, following approval by the Company’s Board.

First HoldCo Plc has announced the appointment of Mrs Abiola Baruwa as its new Group Company Secretary, following approval by the Company’s Board. Mrs Baruwa will assume the role on November 7, 2025, succeeding Mr Adewale Arogundade, who is set to retire after 35 years of distinguished service wit...

24/09/2025

First Bank of Nigeria Limited is set to introduce tailored financial services for blind, partially sighted, and physically challenged customers across its operations.

FirstBank, the premier West African bank and a leading financial inclusion service provider, is set to introduce tailored financial services for blind, partially sighted, and physically challenged customers across its operations.

24/09/2025

The Lagos Commodities and Futures Exchange (LCFE) recently listed N23.4bn Eko Rice Classic Spot contracts to strengthen Nigeria’s commodity value chain. Trading of the Eko Rice Classic Spot Contracts opened at N60,000 per bag and closed at N66,000 per bag.

Following the MPC’s 50 basis point rate cut to 27%, analysts expect next week’s FGN bond auction to reflect lower stop rates, particularly on short to medium-term maturities, where yields could decline by 50–100bps amid strong demand and possible oversubscription.

Market analysts anticipate that the Securities and Exchange Commission Nigeria will approve more companies seeking to tap into the CP market, as corporates increasingly turn to this instrument to meet short-term funding needs

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The Lagos Commodities and Futures Exchange (LCFE) recently listed N23.4bn Eko Rice Classic Spot contracts to strengthen Nigeria’s commodity value chain. Trading of the Eko Rice Classic Spot Contracts opened at N60,000 per bag and closed at N66,000 per bag.