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Story behind the figures
Dangote Cement Plc has reported a strong profit surge in the first half of 2025, showcasing operational discipline and cost efficiency, even as concerns mount over liquidity pressures and investor confidence. Revenue and Profitability The company’s revenue climbed by 17.70 per cent year-on-year to N2.07 trillion, a performance largely driven by strategic pricing in the ...
Capital Market
Nigeria’s equities market advanced by 0.29 per cent on Tuesday, securing a second gain of the week as renewed investor appetite for select stocks pushed the market to a positive close. E-Tranzact International spearheaded the rally after securing approval from the Federal Inland Revenue Service (FIRS) as a certified provider for the agency’s nationwide e-invoicing ...
News
The Federal Government has reassured Nigerians that it has no immediate plan to enforce the five per cent fuel surcharge contained in the newly signed Nigeria Tax Administration Act, 2025. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave the clarification on Tuesday at a press briefing in Abuja. He explained ...
News
The House of Representatives Committee on Land Transport has handed a 48-hour deadline to the Minister of Transportation, Said Ahmed Alkali, to appear before it and provide explanations on the recent derailment of a Kaduna-bound train carrying about 618 passengers. The order came after the minister failed to attend the committee’s investigative hearing on Tuesday ...
Money market
First City Monument Bank (FCMB) Group Plc has projected a profit after tax (PAT) of N58.8 billion for the fourth quarter of 2025, according to its latest earnings forecast filed with the Nigerian Exchange (NGX). If achieved, the projection would bring the lender’s full-year profit to N171.5 billion—more than double the N73 billion it reported ...
Energy
The Nigerian Ports Authority (NPA) has issued warning letters to four terminal operators at the Apapa Port Complex over environmental pollution within the facility. The disclosure was made on Tuesday in Lagos by the Port’s Complex Manager, Mr. Debo Lawal, who described port management as both challenging and rewarding, requiring constant operational, environmental, and security ...
Money market
The Nigerian naira strengthened further in the parallel market on Monday, appreciating to N1,527 per US dollar, its highest level in more than a month. Data compiled by Nairametrics showed that the latest rate represents an improvement from Friday’s close of N1,530.96/$1 and marks the best performance of the local currency since 25 July 2025, ...
News
Air Peace has introduced a new Customer Experience Representative (CXR) initiative across its domestic routes, designed to strengthen service delivery through tailored, passenger-focused engagement. The airline’s spokesperson, Mr Efe Osifo-Whiskey, disclosed the development in a statement issued on Monday in Lagos. He explained that the CXRs are specially trained staff who will serve as dedicated ...
Money market
Nigeria’s equities market began the new trading week on a bullish trend, advancing by 0.30 percent at the close of trading on Monday, as renewed buying interest in select stocks lifted overall performance. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) climbed to 139,394.75 points, while market capitalisation rose to N88.199 trillion. The upturn was ...
Maritime and Blue Economy
The Minister of Marine and Blue Economy, Adegboyega Oyetola and Minister of Transportation, Sa'idu Ahmed Alkali have been confirmed for the 2025 Transportation Correspondents Association of Nigeria (TCAN) summit holding on Wednesday September 24, 2025. The summit is an annual event that provides a platform for stakeholders’ interaction on pertinent issues affecting the nations transportation ...
Capital Market
…as Insurance stocks dominate NGX trading with shares worth N5.4bn The Nigerian equities market closed the just-ended trading week on a bearish note, as investors suffered a combined loss of N832 billion amid a shortened trading schedule due to the Eid-el-Maulud public holiday. Trading activities were limited to four sessions after the Federal Government declared ...
Capital Market
United Bank for Africa Plc (UBA) has announced the extension of its ongoing Rights Issue acceptance and application period by two weeks. In a statement signed by the Group Company Secretary/Legal Counsel, Bili A. Odum, the bank disclosed that the offer, initially scheduled to close on Friday, September 5, 2025, will now close on Friday, ...
Maritime and Blue Economy
The Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, is set to undertake a three-day working visit to Nigeria from 2 to 4 October 2025, in a move expected to strengthen international collaboration on maritime safety and security. The announcement was made by the Director General of the Nigerian Maritime Administration and Safety Agency ...
Money market
The Nigerian equities market bounced back strongly on Thursday, adding ₦520 billion in market capitalisation after three consecutive sessions of losses. Renewed buying interest in stocks including Ellah Lakes, Veritas Kapital, Honeywell Flour Mill, AXA Mansard, Royal Exchange, and 36 other gainers powered the rally. Market capitalisation climbed by 0.6 per cent from ₦87.416 trillion ...
Money market
First Bank of Nigeria has confirmed a temporary disruption to several of its digital banking platforms, which has left some customers facing difficulties in completing transactions across key services. In a notice issued on Thursday, the bank reported that the downtime is currently affecting transfers and other transactions on FirstMobile, FirstOnline, and its *894# USSD ...
Money market
The Federal Government spent a staggering N8.93 trillion on debt servicing between January and September 2024, accounting for 61 percent of the total revenue earned within the period, according to the latest budget implementation report. This figure exceeded the projected N6.03 trillion earmarked for debt servicing for the nine-month period, underscoring the escalating strain on ...
Inside Lagos
…As Minister unveil plans for a 90,000-kilometer fibre backbone Nigeria marked a major milestone in its digital transformation journey this week as the country hosted its first-ever Gulf Information Technology Exhibition (GITEX) in Lagos, positioning itself as Africa’s leading innovation hub. Speaking at the opening ceremony, Lagos State Governor, Babajide Sanwo-Olu revealed that the state ...
Brand
Samsung has unveiled its latest flagship tablets the Galaxy Tab S11 Ultra and Galaxy Tab S11, delivering what it calls its most intelligent and advanced tablet experience to date. Powered by the latest Galaxy AI and featuring One UI 8 with new multimodal capabilities, the Galaxy Tab S11 Ultra is Samsung’s thinnest tablet yet at ...
Business Direct
The Federal Competition and Consumer Protection Commission (FCCPC) has formally commenced enforcement of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation) 2025, introducing a ₦100 million fine for non-compliant digital lending operators in Nigeria. The Commission announced the move in a statement released on Wednesday, describing it as a decisive ...
Capital Market
The Nigerian Exchange Limited (NGX) extended its losing streak to a third consecutive day on Wednesday, as steep declines in Axa Mansard Insurance, Learn Africa, and Legend Internet dragged the market lower by 0.45 percent. Axa Mansard Insurance led the sell-off, plunging 9.95 percent to close at N14.39 per share, down N1.59 from N15.98. Learn ...
