The Nigerian equities market traded with mixed sentiments this week but ultimately closed on a positive note, as investors digested the last batch of Q1-26 corporate earnings releases lifting the All-Share Index by 1.0% w/w to 244,775.83 points. Global According to the Bureau of Labour Statistics, total non-farm payroll employment […]
Author: InvestAdvocate
Equities Market Closes Strong as Buying Pressure Intensifies
May 8, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in DANGCEM (+10.00%) and GTCO (+3.60%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 2.06% to settle at 244,670.65 points Year to date returns […]
First Holdco Plc: Heightened Impairment Charges Compress Earnings
May 8, 2026/InvestmentOne Report According to the financial statements audited for FY:2025, impairment charges jumped 93.83% YoY to NGN826.30bn. This sharp increase is attributable to the bank s exit from legacy loans under the central bank s regulatory forbearance, which was introduced in 2020 to support balance sheet health amid […]
