Business

BUA Foods Plc has reported record-breaking results for its 2024 financial year, with revenue crossing the trillion-naira mark for the first time, and profits rising sharply on the back of strong performance across…

Marketers of Premium Motor Spirit (PMS) petrol have lost N200billion in six months owing to the volatility of prices. Independent Petroleum…

President Bola Tinubu has assented to the Investments and Securities Act (ISA) 2025, which repealed the Investments and Securities Act No. 29 of 2007. The new landmark legislation strengthens the legal framework…

Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola have been named in Forbes’ 2025 billionaires list in Africa. There are only four Nigerians named in the list published on Saturday. Forbes said Africa’s…

Singapore has become one of the world’s top cities for wealthy individuals, attracting business leaders, investors, and entrepreneurs. According to the 2024 World’s Wealthiest Cities Report by Henley & Partners,…

…As rice distribution spreads across beneficiary Local Govts Chairman of the Aliko Dangote Foundation and Africa’s wealthiest person has…

Private oil depots increased the price of Premium Motor Spirit, PMS, also known as petrol, to N900 per litre from more than N890 per litre over the weekend due to rising crude oil prices and other factors in the global…

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2024, to the Nigerian Exchange Group (NGX) and London…

Ecobank Transnational Incorporated has reported a profit after tax of N735.9bn for the 2024 financial year, marking a 179 per cent increase from N263.5bn recorded in the previous year. According to its financial statement…

Jim Ovia, the chairman and founder of Zenith Bank, is set to receive a N25.4 billion dividend payout for the 2024 financial year, following the bank’s record-breaking earnings performance. The payout, scheduled for…

GTCO Plc has released its 2024 full-year audited accounts, revealing a record pre-tax profit of N1.266 trillion, up from N609.3 billion a year earlier. The bank holding company also reported a surge in gross…

The National Pension Commission (PenCom) has set June 1 as the deadline for employers to fully adopt a new pension remittance process. The PenCom announced the launch of the pension contribution remittance system, a…

A coin collection, much of which remained buried underground for over 50 years, is expected to surpass $100 million at auction, according to…

Africa’s economic landscape in 2025 is shaped by visionary leaders who have amassed significant wealth through diverse industries. Here are the…

Nigeria’s national oil company, NNPC Limited on Thursday said it has begun the assessment of potential partners ahead of its Initial Public Offer at the Nigerian Stock Exchange, in line with the provisions of the…

Drivers of LagRide, a government-backed ride-hailing platform, have resolved to stage a protest following a threat by the operators to involve the Lagos State Task Force in arresting them over alleged misconduct.…

The Financial Reporting Council of Nigeria’s (FRC) revenue stream may have been closed for some time due to a…

… Builds 4,100 km Roads, 9 Bridges with Proceeds … Set to Raise Fresh N300 Billion The Federal Government has raised N1.092 trillion from the last six series of Sukuk, a Sharia-compliant financial instrument…

The federal government has announced plans to halt the importation of solar panels to promote local manufacturing and accelerate Nigeria’s transition to clean energy. Uche Nnaji, minister of science and…

MTN Group and Airtel Africa have agreed to share mobile phone network infrastructure in Nigeria and Uganda.  Statements by the duo on Wednesday said the agreement is aimed at saving investments while…

The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the…

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the country’s foreign exchange market by identifying and eliminating bad…

Wema Bank has reaffirmed its commitment to women’s empowerment by disbursing a staggering ₦11,000,000 to 131 women across Nigeria. This remarkable gesture took centre stage during the Women’s Month edition of…

The Central Bank of Nigeria (CBN) is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results. Olayemi Cardoso,…