NGX market cap crosses N85tn as investors eye Q2 earnings –

The Nigerian Exchange gained N22.14tn in market capitalization in H1 2025, pushing its valuation to N85.46tn, driven by investor confidence and improving macroeconomic conditions, writes TEMITOPE AINA. The Nigerian Exchange Limited continued its bullish trajectory in the first half of 2025, recording a N22.14tn gain in market capitalization as investor confidence strengthened amid macroeconomic conditions and corporate performance. Market capitalization rose from N62.92tn on January 2 to N85.46tn as of July 28, representing a growth of 35.78 per cent. Over the same period, the All-Share Index increased from 103,180.14 points to 135,166.51 points, delivering a year-to-date return of 31.02 per cent to investors……(Read More)

Banks, others to report monthly transactions of N25m to tax authorities –

Banks, insurance companies and other financial institutions will henceforth report monthly transactions above N25 million for individuals and N100 million for firms to the tax authorities. This directive was contained in the Nigeria Tax Administration Act, NTAA section 29, titled, “ Information to be delivered by bankers and others” The NTAA is among the new tax laws which will come into effect from January 2026. The new laws also include the Nigeria Tax Act 2025……(Read More)

Transcorp Power Posts N77.6bn Profit, Declares N11.25b Interim Dividend In H1 –

Transcorp Power Plc has posted a gross profit of N77.6 billion in its unaudited financial results for the half-year ended June 30, 2025. In line with its growth trajectory, the company has declared an interim dividend of N11.25 billion, equivalent to N1.50 per share, reflecting its commitment to rewarding shareholders. The Company’s revenue grew by 52 per cent year-on-year to N205.8 billion in 2025, against N135.4 billion in H1 2024. Cost of sales rose to N128.185 billion as against N72.467 billion in H1 2024; while gross profit increased to N77.6 billion, up from N62.9 billion in H1 2024, with a gross margin of 23 per cent….(Read More)

BAT Nigeria Calls For Export Reforms To Boost Economic Growth –

BAT Nigeria has advocated critical export policy reforms to unlock Nigeria’s manufacturing competitiveness. The managing director, BAT West and Central Africa, Yarub Al-Bahrani, stated this at the 2025 edition of the BusinessDay CEO Forum held in Lagos. Themed ‘Nigeria: From Reform to Recovery,’ the forum brought together the nation’s foremost business leaders, senior policymakers, global experts, and entrepreneurs to dissect the practical impacts of Nigeria’s ongoing policy recalibration……..(Read More)

Dangote Cement posts N311bn Q2 profit –

Dangote Cement Plc has reported a robust profit of N311.2bn for the second quarter ended June 30, 2025, representing a remarkable increase of 303 per cent compared to the N77.2bn recorded in the corresponding period of 2024. The cement giant’s impressive earnings were driven by a 14 per cent rise in revenue to N1.08tn in Q2 2025 from N943bn in Q2 2024. The company also improved its gross profit margin, which rose to N630.6bn, up 24 per cent from the N507.6bn recorded last year……(Read More)

Dollar shedding its tariff risk premium –

The dollar’s surge since the U.S.-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium – whether Washington wants that or not. The weekend’s U.S.-EU agreement averted a likely protracted trade war by halving threatened U.S. import tariffs on European goods in return for market access and investment commitments. It mirrored a similar deal made with Japan last week, though it covers four times as much U.S. trade…..(Read More)