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FCMB Group stuns with 90% profit jump in H1 2026

FCMB Group posted its strongest half-year profit in years, but a steep climb in loan-loss provisions tells a more complicated story.

Hillary RemyJul 27, 20261 min read
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FCMB Group stuns with 90% profit jump in H1 2026

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FCMB Group stuns with 90% profit jump in H1 2026
News

FCMB Group stuns with 90% profit jump in H1 2026

FCMB Group posted its strongest half-year profit in years, but a steep climb in loan-loss provisions tells a more complicated story.

Hillary RemyJul 27, 2026
United Capital Plc
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United Capital profit soars 77% in half-year blitz

United Capital posted one of its strongest half-year results on record, but the real story hides inside one revenue line that barely registered twelve months ago.

Peace LongeJul 27, 2026
NGX building
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NGX Group profit surges to ₦10.4bn in six months

NGX Group’s transaction fees surged 169% in the first half of 2026, lifting the exchange operator’s earnings to levels that took all of 2025 to reach.

Damilola EsebameJul 27, 2026
Seplat energy
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Seplat Energy breaks its 52-week high on a split NGX

Seplat Energy, Nigeria’s most expensive stock surged past ₦11,600 resistance while the broader market shed ₦305 billion in a single session.

Peace LongeJul 25, 2026
TotalEnergies building
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TotalEnergies Nigeria hits limit down on just 30 shares

TotalEnergies Nigeria’s stock crashed 10% on just 30 traded shares, exposing what a tight float and vanishing liquidity can do to a loss-making giant.

Damilola EsebameJul 25, 2026
Nigeria’s circulating cash slips to ₦5.52trn in June
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Nigeria’s circulating cash slips to ₦5.52trn in June

The CBN’s latest monetary data shows a sharp monthly drop in physical cash, but the real story may be what’s pulling money back into the banking system.

Hillary RemyJul 25, 2026
Aradel Holdings
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Aradel Holdings slides 8% days after ₦23 dividend

Aradel Holdings, one of Nigeria’s largest indigenous oil stocks, has shed over 30% from its 52-week peak, and the stock continues to bleed value.

Damilola EsebameJul 24, 2026
Mtn exterior building
News

MTN Nigeria sits flat at ₦850 as blue chips split

MTN Nigeria barely moved on July 23 while premium banking stocks rallied and several large-caps crashed into the daily limit.

Peace LongeJul 24, 2026
The Office of the Tax Ombud building
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Tax Ombud details plan to rebuild taxpayer trust

Nigeria’s first Tax Ombud rolls out a digital complaint system and international partnerships to repair citizens’ fractured confidence in the country’s revenue agencies.

Tobi Opeyemi AmureJul 24, 2026
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