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NGX-ASI Closed Bullish…Up by 102bps

June 24, 2025/United Capital Report Today, the Nigerian Exchange (NGX) closed on a positive note following share price appreciation in DANGSUGA (+10.00%) and OKOMUOIL (+10.00%). As a result, the benchmark All-Share Index (NGX-ASI) rose by 1.02% to close at 119,790.82 points. YTD returns climbed to 16.38%, while market capitalization closed […]

SEC Charges Recidivist and His Firm with Fraudulent Offering

June 24, 2025/US SEC On June23, 2025, the Securities and Exchange Commission charged recidivist Ian O. Mausner of San Diego, California, and his firm Evolution Lending, LLC, with conducting a fraudulent offering that raised more than $400,000 from at least 11 investors. According to the SEC’s complaint, from approximately December […]

Dangote Cement EBITDA Crosses N1 Trillion Mark as Shareholders Smile Home with N30 Dividend Per Share

June 24, 2025/Dangote Group For the first time since its inception, Dangote Cement Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached an all-time milestone of N1,382.0 billion, crossing the N1 trillion mark, an increase of 56 per cent. In the same vein, Earnings per share also increased by […]