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Ecobank Records N794bn Revenue In Three Months

Ecobank’s interest income increased by 28 percent to N794.02 billion between April and June 2025, compared to the N620.01 billion generated in Q2 2024. Breakdown of the interest income showed interest income calculated using the effective interest method contributed N795.06 billion in
August 18, 2025
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Nigerian Bourse Closes With N425bn Loss

The all-share index closed trading on Friday, August 15, with a 0.46 percent decline, dropping from the 145,300.01 ASI reported on Thursday, August 14, to settle at 144,628.2 ASI. According to data published by the Nigerian Exchange Limited (NGX), with the all-share
August 15, 2025
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Wema Bank Reports N240.65bn Profit In Six Months

In the first half (H1) of 2025, Wema Bank recorded N240.65 billion in interest income, exceeding the N146.06 billion notched up in H1 2024, representing an increase of 64.75 percent. According to the company’s consolidated and separate financial statements for the period
August 15, 2025
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Lagos State Reduces Investment In Lasaco Assurance

The two majority shareholders in Lasaco Assurances, Ibile Holdings Ltd, owned by the Lagos state government, and Canon Properties & Investments Ltd, owned by Akin Doherty, have reduced their investment in Lasaco Assurance. Lagos state reduced its stake in the insurer to
August 14, 2025
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Stock Market Extends Decline With N357bn Loss

At the end of trading on Thursday, August 14, the stock market capitalisation declined by N357.34 billion to N91.92 trillion, from N92.28 trillion on Wednesday, August 13. Also, the all-share index (ASI) decreased to 145,300.01 ASI from 145,864.8 ASI, indicating a drop
August 14, 2025
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Veritas Kapital Recovers With N1.97bn Profit

Veritas Kapital saw a 124.82 percent growth in revenue for the second quarter (Q2) of 2025, after recording a turnover of N7.94 billion, compared to N3.53 billion reported in the corresponding period in 2024. Additionally, the company reported in its consolidated and
August 14, 2025
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Over N120.91bn Wiped Off Stock Market Cap

The stock market capitalisation decreased to N92.28 trillion on Wednesday, August 13, from N92.40 trillion recorded on Tuesday, August 12. While the equity capitalisation declined by N120.91 billion, the all-share index (ASI) depreciated by 190.2 basis points, from 146,055.89 ASI to 145,864.8
August 13, 2025
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