May 25, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in AIRTELAFRI (+10.00%) and ACCESSCORP (+0.20%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 0.57% to settle at 251,125.02 points Year to date returns […]
Author: InvestAdvocate
S&P Links Nigeria’s Economic Revival to Dangote Refinery, Key Reforms
May 24, 2026/Dangote Group The Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit rating upgrade by S&P Global Ratings. In its latest assessment, S&P upgraded Nigeria’s long term foreign and local currency sovereign credit ratings to “B” […]
Nestle Nigeria Plc: Q1 2026 Numbers Sets Tone for a Moderate FY 2026 Performance
May 22, 2026/CSL Report Nestlé Nigeria Plc reported Q1 2026 revenue of ₦326.1 billion (bn), representing a 10.6% year-on-year (y/y) increase from ₦294.9bn in Q1 2025. The growth was driven by good performances across both operating segments, with the Food segment rising by 6.2% y/y to ₦200.9bn from ₦189.1bn, while […]
