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Cadbury Nigeria Plc has recorded a profit after tax of N9.68bn for the nine months ended September 30, 2025, marking a strong rebound from a loss...
… FDI inflows surge by $272.6m Total foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) declined by 6 percent month-on-month to $3.2 billion in...
The Federal Inland Revenue Service (FIRS) has issued a directive mandating banks, stockbrokers, and other financial institutions to deduct a 10% withholding tax on interest earned...
The announcement of the new 30 percent capital gains tax (CGT) under the Nigerian Tax Act (2025) has sparked reactions across the Nigerian corporate landscape. Under...
Nigeria’s once-vibrant tech startup scene is witnessing a wave of shutdowns, as several high-profile, venture-backed firms close operations despite having raised millions of dollars. The trend...
With the new federal government reforms in the power sector, Distribution Companies (Discos) will be required to meet a minimum capital adequacy threshold to qualify for...
Nestoil Group says the enforcement action against the company’s asset does not affect operations. Earlier, police sealed off the corporate headquarters of Nestoil Limited in Victoria Island,...
Africa’s richest man, Aliko Dangote, is preparing to launch a $1 billion investment project in Zimbabwe. The project, which will include cement manufacturing, coal mining, and...
Nigeria is preparing to meet two major debt obligations before the end of 2025, comprising the $1.12 billion Eurobond and a N100 billion Sukuk bond, both...
A Nigerian tribunal sitting in Lagos has ordered General Hydrocarbons Limited (GHL) to pay First Bank of Nigeria Limited (FirstBank) $112,100 and N111 million as costs...