Business

Nigerian Breweries posts N733.19 billion Revenue in second quarter of 2025

Kazeem Ugbodaga

9 months ago

Boidin attributed the strong half-year showing to a combination of sustained innovation, improved commercial execution, cost management, and effective pricing…

FCMB Group posts ₦79.3bn Profit Before Tax in first half of 2025

Kazeem Ugbodaga

9 months ago

The Banking Group contributed the largest share to Group PBT at 82%, followed by Consumer Finance (11.6%), Investment Management (4.8%),…

Ecobank drops important notice for customers

Kazeem Ugbodaga

9 months ago

Ecobank also assured customers that the new Verve card would support payments across several digital platforms, including Google Play, YouTube,…

NNPC Ltd will complete rehabilitation, not sell Port Harcourt Refinery – Ojulari

Ayorinde Oluokun

9 months ago

Ojulari said ongoing review indicated that the earlier decision to operate the Port Harcourt refinery prior to full completion of…

Google set to empower African Youths with $37m investment

Femi Fabunmi

9 months ago

The funding will go into research, language development, agriculture, digital skills training, and the creation of new infrastructure to help…

Digitvant MFB seeks media partnership, unveils vision

Ayorinde Oluokun

9 months ago

By Richard Elesho Digitvant Microfinance Bank (Digitvant MFB) has reiterated its commitment to inclusivity and making people the centre of…

Nigeria commits $538m to SAPZ – Shettima

Ayorinde Oluokun

9 months ago

Shettima reiterated the Federal Government’s commitment to tackling food insecurity, adding that the administration of President Bola Tinubu had reactivated…

Business owners on alert as CAC set to delist 100,000 companies, gives reasons

Femi Fabunmi

9 months ago

The Corporate Affairs Commission (CAC) has issued a 90-day ultimatum to 100,000 companies at risk of being delisted from its…

CBN data shows naira appreciates slightly, external reserves climb

Femi Fabunmi

9 months ago

Nigerian naira began the new trading week on a positive note, recording a slight appreciation against the United States dollar…

Stock Market boom: Investors rake in N793bn as NGX hits N85trn milestone

Kazeem Ugbodaga

9 months ago

On the flip side, Tripple Gee declined by 10 per cent to N3.51, followed by Tantalizer which shed 8.55 per…

TCN Secretary denies authorizing AGM Notice Amendments amid legal dispute

Kazeem Ugbodaga

9 months ago

On July 24, 2025, SEC, via Executive Commissioner Legal & Enforcement Frana Chukwuogor, directed TCN to postpone the AGM indefinitely,…

Dangote retires as Chairman of Dangote Cement, new head appointed

Kazeem Ugbodaga

9 months ago

His tenure transformed Dangote Cement into Africa’s largest cement producer and a leading exporter in Sub-Saharan Africa, with a legacy…

Tinubu vows to address ₦4trn Power Sector debt in meeting with GENCOs

Kazeem Ugbodaga

9 months ago

The President emphasized a market-driven electricity sector, noting, “This is a longstanding issue that is now being dealt with. I…

Moody’s upgrades Ecobank Outlook to Stable on stronger financial performance

Kazeem Ugbodaga

9 months ago

The outlook also incorporates Moody’s expectation that Ecobank Nigeria’s recapitalisation plan will be finalised by the end of 2025 with…

Seven jailed over stealing of N1bn from TajBank

Ayorinde Oluokun

9 months ago

The suspects had exploited a glitch in the TajBank's system to transfer the over N1 billion to various banks and…

States have no authority to alter electricity cost – NERC

Paul Dada

9 months ago

NERC made this clarification following the move by the Enugu Electricity Regulatory Commission (EERC) to reduce the tariff for Band-A…

Canal+ seals $3B deal, takes over DStv, GOtv in game-changing move

Femi Fabunmi

9 months ago

Canal+ CEO Maxime Saada said the approval is a major step and will help Canal+ expand across Africa, especially in…

CBN Data: Nigeria’s foreign reserves rise by $200m in 30 days to hit $37.94bn

Femi Fabunmi

9 months ago

Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14,…

NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa – Ojulari

Ayorinde Oluokun

9 months ago

He noted that infrastructure integration, indigenous ownership, and policy harmonisation remain essential drivers of downstream transformation and are critical to…

CBN retains tight policy, keeps interest rate at 27.50%

Kazeem Ugbodaga

9 months ago

In addition to retaining the MPR, the MPC voted to keep the Cash Reserve Ratio (CRR) unchanged at 50% for…

Lafarge posts record N269bn Revenue in Q2 2025, profit soars by 248%

Kazeem Ugbodaga

9 months ago

Despite macroeconomic challenges impacting purchasing power, Alade-Akinyemi expressed confidence in sustained growth.

Naira’s fate hangs in balance as Dollar inches ahead

Kazeem Ugbodaga

9 months ago

Analysts note that the Naira’s performance aligns with broader economic dynamics, including Nigeria’s reliance on oil exports, which account for…

Nigerian Airlines refund ₦1.04bn to 5,285 passengers in 2025 second quarter

Kazeem Ugbodaga

9 months ago

The NCAA’s oversight ensures airlines address grievances promptly, a response to persistent challenges in the sector, where delays and cancellations…

Breaking: Nigeria’s GDP surges to 3.13% in 2025 first quarter

Kazeem Ugbodaga

9 months ago

In nominal terms, aggregate GDP reached N94.05 trillion in Q1 2025, reflecting an 18.30% year-on-year increase from N79.51 trillion in…

Naira inches up as Nigeria bids Farewell to Buhari

Oluwapelumi Oluwayemi

9 months ago

According to figures published on the Central Bank of Nigeria’s (CBN) official website, the Naira appreciated by 77 kobo to…

Tinubu’s AGF breaks silence: “We didn’t touch First Holdco shares”

Kazeem Ugbodaga

9 months ago

The AGF’s office clarified that the Federal Government had no role in the ownership or governance of First Holdco, emphasizing…

FCMB commits $40M to Luxury Green Tower in Eko Atlantic

Kazeem Ugbodaga

9 months ago

The project will include a hotel, commercial centre, retail outlets, multipurpose halls, a cinema complex, gaming arcade, wellness centre, and…

Nigeria’s Economic rise: U.S. Investment hits $6.5 billion in blockbuster year

Kazeem Ugbodaga

9 months ago

U.S. investments have primarily targeted sectors such as energy, technology, and agriculture, contributing to job creation and economic diversification in…

10 Tips to avoid debt traps with planned borrowing

Michael Adesina

9 months ago

Debt can be a helpful tool when managed wisely, but it’s all too easy to fall into a debt trap…

Nestlé ignites Stock Market surge as investors rake in N1.44 trillion in a day

Kazeem Ugbodaga

9 months ago

The rally was led by Nestlé Nigeria, which appreciated by 10 per cent to close at ₦1,650.00 per share. Other…

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