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Finance & Markets

Stock futures are little changed after big rally following Democrats' decisive midterm wins

The Dow Industrials posted its best day since April 2025, surging 3% after Democrats decisively swept Congress and oil prices fell.

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Presco Grows Profit by 8.5% to N151.5bn in Nine Months

Presco Plc has announced an improved performance for the nine months ended September 30, 2026, as profit before tax moved to N151.5 billion, about 8.5 per cent increase over N139.65

  • Presco's profit before tax grew 8.5% to N151.5 billion in nine months
  • Profit after tax increased 0.35% to N111.18 billion
  • Revenue rose 0.74% to N276.54 billion

Okoro Harps on Trust as Institutions Set to Promote Stablecoins

Quidax, an African-founded digital assets exchange and the first to receive a provisional licence from the Securities and Exchange Commission (SEC), is working to build a digital asset framework that

  • Buchi Okoro stresses trust as key for stablecoin adoption
  • Quidax aims to be trusted partner for institutions
  • SEC reports 32% increase in sub-Saharan Africa's on-chain value

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