By Seun Ibiyemi BUA Cement Plc has reported a profit after tax of N356.04 billion for the 2025 financial year, marking a sharp increase from the N73.91 billion recorded in 2024. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd, highlighting a year of strong financial performance and improved operational efficiency.Read…
By Seun Ibiyemi Nigeria’s real Gross Domestic Product (GDP) grew by 4.07 per cent in the fourth quarter of 2025, driven largely by increased crude oil production, according to the latest report released on Friday by the National Bureau of Statistics (NBS). The growth rate represents an improvement over the 3.76 per cent recorded in…
The Africa Finance Corporation (AFC) has announced its partnership with Ecobank Nigeria and Soto Gallery for the third consecutive year to host the 2026 edition of the +234 Art Fair, a major platform spotlighting Nigeria’s growing creative economy. In a statement on Thursday, AFC said the four-day international exhibition, themed “Inclusivity,” will hold from March…
By Seun Ibiyemi The naira recorded a largely stable performance on Thursday, trading within a narrow range against the United States dollar across official and parallel foreign exchange markets. At the official window, the local currency hovered around the ₦1,350 mark to the dollar, reflecting relative calm in the Nigerian Foreign Exchange Market. Market participants…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it is currently managing assets of nearly 600 failed banks and intensifying efforts to recover outstanding loans to enable payment of depositors’ uninsured funds. The Director of the Asset Management Department of the corporation, Mrs. Patricia Okosun made the disclosure on Thursday in…
By Seun Ibiyemi The Federal Competition and Consumer Protection Commission (FCCPC) has uncovered patterns of alleged price manipulation by some domestic airlines during the December 2025 festive season. The Chief Executive Officer of the commission, Mr. Tunji Bello, disclosed this in an interim report released on Thursday by the agency’s Department of Surveillance and Investigations….
By Seun Ibiyemi The Executive Chairman of the National Revenue Service (NRS), Zach Adedeji, has said the 2026 tax reforms position the agency to generate N40.7 trillion in taxes and royalties. Adedeji made this known on Wednesday at a roundtable in Abuja organised by the House of Representatives Committee on Appropriations for key stakeholders in…
By Seun Ibiyemi The Chartered Institute of Bankers of Nigeria (CIBN) on Tuesday pledged continued support to the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) as part of efforts to accelerate Nigeria’s economic growth. CIBN President, Pius Olarenwaju, made the pledge when ACAMB executives and members of its Board of Trustees paid…
By Seun Ibiyemi The Federal Government of Nigeria is taking steps to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those living in the diaspora, in a bid to deepen financial inclusion and strengthen domestic capital markets. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that Nigeria’s strong rebound in capital importation may prove fragile if structural weaknesses in the economy are not urgently addressed. In a statement issued on Sunday by Chief Executive Officer of the CPPE, Dr Muda Yusuf, read that total capital inflows into…
