Business News, Updates and highlights April 1-10 2026

 

Money Market Funds hit N5.46 Trillion as STL Tops YTD Returns at 20.24% 

Money market funds are open-ended, low-risk investment vehicles that invest in premium short-term securities to preserve capital and generate consistent income.

YTD yields for the best-performing mutual funds ranged from 17% to 20%. This is a reflection of the yield performance of the underlying assets, which declined. Commercial papers are as high as 20–22%, while OMO bills have stabilized around 19% and the Nigerian Treasury bill has moderated at 16%.

In March, 147 unitholders and N1.77 billion were added to a new fund called Alpha10 Money Market Fund, which is run by Alpha10 Fund Management Limited and recently registered with the SEC.

Zenith Bank Subsidiaries Post N331.7 billion Profit as Deposits hit N6.7 Trillion 

Pre-tax profit increased to N331.7 billion in 2025, accounting for 26.3% of the group's overall profit, according to Zenith Bank Plc's improved earnings from its overseas activities.

From N179 billion in 2024, when they made up 13.5% of the group's pre-tax profit, these subsidiaries in Ghana, the UK, Sierra Leone, and The Gambia have improved.

Their bank sheets also demonstrated this rise, as total customer deposits increased to N6.7 trillion in 2025, accounting for 27.8% of total deposits and demonstrating increased customer confidence.

Okomu Oil Records N90.6 billion FY2025 Profit, Sets Dividend Date 

The Okomu Oil Palm Company reported a pretax profit of N90.6 billion in its audited 2025 results, up from N53.5 billion in 2024.

Strong top-line earnings, which saw sales increase 52.18% year over year to N198.1 billion from N130.2 billion the year before, were the main driver of this achievement.

A closer examination reveals that N25.5 billion came from sales outside of Nigeria, 

The corporation announced a final dividend of N15 per 50 kobo share, which would be paid to shareholders listed as of the qualifying date of April 27, 2026, on May 26, 2026.

GTCO’s HabariPay Records N9.7bn Profit in 2025, Jump 155%

In 2025, HabariPay, the fintech division of Guaranty Trust Holding Company (GTCO), had a profit after tax (PAT) of N9.7 billion.

The corporation recently issued its full-year 2025 financial results, which included this information.

GTCO Declares Final Dividend of N11.76 for 2025 Financial Year.

GTCO has been consistent in dividend payments.  In 2024, it paid the highest dividend per share of N8.03 among the banks.

NGX All-Share Index rises 0.28% to 202,585 as Volume Tops 1 billion shares.

Trading sentiment remained bullish on April , 2026, with the Nigerian market’s year-to-date return standing strong at 30.19%.

A total of N40.5 billion worth of trades was recorded across 52,723 deals, with Zenith Bank and Access Holdings each accounting for over N6 billion in transactions.