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A policy group, the Independent Media and Policy Initiative (IMPI) has said that the reform policies of the Tinubu administration are reclaiming economic growth. In a policy brief by its Chairman, Dr Omoniyi Akinsiju, the think tank argued that this shows that companies involved in the productive sector have adjusted to the new policy environment ...
By Damilare Adeleye Shareholders of United Capital Plc have approved a final dividend of ₦12.6 billion for the 2025 financial year. The approval was part of the corporate governance resolutions passed at the company’s Annual General Meeting (AGM) held last Friday in Abuja. According to the resolutions, signed by the Group Company Secretary, Dr. Leo ...
The Nigerian equities market began its new extended trading hour regime on a bearish note this Monday, snapping an impressive 14-session rally as investors moved to lock in profits. The benchmark NGX All-Share Index (ASI) fell by 0.94%, closing at 223,602.29 points compared to Friday’s 225,722.49 points. This downturn resulted in a ₦1.37 trillion contraction ...
President Bola Tinubu has charged Nigeria’s newly appointed ambassadors and high commissioners to aggressively pursue foreign investments, strengthen strategic partnerships and reposition the country’s global image in line with evolving diplomatic realities. Speaking on Monday at the opening of an induction course for the envoys at the Ministry of Foreign Affairs in Abuja, the President ...
Fidelity Bank Plc has successfully crossed the ₦500 billion regulatory capital threshold following the Central Bank of Nigeria’s (CBN) verification of its recent private placement. While the exercise initially saw an oversubscription, the final verified results show a 87.7% successful subscription level amounting to ₦227.05 billion. The Bank had offered 14.8 billion ordinary shares at ...
United Bank for Africa (UBA) Plc has recorded a 11.8 percent growth in customer deposits for the the financial year ended December 31, 2025. According to the audited results released over the weekend, customer deposits grew to N27.2 trillion from N24.3 trillion in the previous year, underscoring continued customer confidence in the pan-African lender. Similarly, the Bank also posted a ...
By Damilare Adeleye Shareholders of Nigerian Breweries Plc have approved the appointment of three new directors and set the board's total remuneration at N233.7 million for the 2026 financial year. These were parts of resolutions passed at the company’s 80th Annual General Meeting (AGM) held in Victoria Island, Lagos, on April 23, 2026, where shareholders ...
By Damilare Adeleye The Deputy Governor, Corporate Services, Central Bank of Nigeria, Emem Usoro, has stated that the ongoing reforms implemented by the apex bank saved the country’s economy from disaster. This was just as she also highlighted the apex bank’s economic policies, noting that aligning monetary policy with fiscal reforms has stabilized the exchange ...
By Damilare Adeleye United Bank for Africa Plc has reported a 9.4 per cent increase in total assets to N33.2 trillion for the financial year ended December 31, 2025, up from N30.3 trillion in 2024. In its audited results released on the Nigerian Exchange Limited on Friday, the bank also recorded an 11.8 per cent ...
By Ejire Folakunmi Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has declared an end to years of economic stagnation, revealing that the nation's real GDP grew by 3.87% in 2025, marking the first time in nearly a decade that economic expansion has officially outpaced population growth. Speaking at a high-stakes interactive session with ...
Nigerian Breweries PLC has delivered a significant net profit rebound, successfully moving away from previous loss positions to a positive Profit After Tax in the first quarter of 2026. Operating profit grew by triple digits during the quarter, supported by healthy high-single-digit margins that reflect a more resilient business model. The earnings were largely influenced ...
The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as a critical pillar of support for Nigeria’s aviation industry, disclosing that the refinery currently supplies over 95 per cent of the Jet A1 fuel consumed nationwide, while also exporting 1.1 billion litres of aviation fuel to Europe between March and ...
By Damilare Adeleye Nigerian Breweries Plc has reported a 25.6% rise in profit after tax, recording N55.95 billion for the first quarter ended March 31, 2026, amid what it described as a “fragile and volatile operating environment” worsened by the crisis in the Middle East. The brewer released its unaudited and provisional results obtained on ...
…celebrates British Airways 90yrs service to Nigeria President Bola Ahmed Tinubu has cited the resolution of long-standing financial liabilities owed to international airlines as an early milestone of his administration. Speaking when he received a delegation from British Airways led by the British High Commissioner to Nigeria, Dr Richard Montgomery and the Commercial Officer of ...
By Damilare Adeleye Wema Bank Plc has announced its plans to pay shareholders a final dividend of N1.25 per ordinary share for the 2025 financial year. This was disclosed in a notice filed on Nigerian Exchange Limited on April 22, 2026, and signed by Company Secretary, Johnson Lebile. The first-generation bank also set April 29, ...
By Damilare Adeleye The Central Bank of Nigeria and the Nigerian Communications Commission have signed a Memorandum of Understanding (MoU) aimed at strengthening consumer protection and tackling fraud linked to mobile phone usage within Nigeria’s digital ecosystem. The agreement, signed on Monday, April 20, establishes a formal framework for collaboration between both regulators, focusing on ...
By Damilare Adeleye Seplat Energy Plc has announced plans to hold its 13th Annual General Meeting virtually on Wednesday, May 20, 2026. This was just as shareholders are expected to consider a final dividend for the 2025 financial year and ratify the appointment of the chairman of Heirs Holdings, Tony Elumelu, as non-executive director. This ...
By Damilare Adeleye The Governor of Central Bank of Nigeria, Olayemi Cardoso, has stated that the reforms implemented by the apex bank helped ameliorate the impact of global economic shocks on Nigerians. This was just as he asserted that if the reforms were not implemented, the country could have been facing more severe hardship. Cardoso ...
Stanbic IBTC Holdings PLC has released its audited financial statements for the year ended December 31, 2025, revealing a historic performance that saw the Group cross the trillion-naira revenue threshold for the first time. Acording to the reuslts made available on the NGX website, Gross earnings surged to N1.14 trillion representing a significant expansion from ...
By Damilare Adeleye First HoldCo Plc has announced plans to hold a meeting of its Board of Directors on April 29, 2026, to consider its unaudited financial statements for the first quarter ended March 31, 2026. In a notice posted on the Nigerian Exchange Limited, the Group Company Secretary, Abiola Baruwa, said the board session ...
By Damilare Adeleye The federal government has dismissed claims that a significant portion of Nigeria’s federation revenue is being diverted or concealed, describing such interpretations of the World Bank’s latest Nigeria Development Update as misleading and inaccurate. In a statement issued on Saturday via his X account, former presidential candidate of Labour Party, Peter Obi, ...
By Fredrick Ameh Iran’s Deputy Foreign Minister, Saeed Khatibzadeh, has criticized Donald Trump for what he described as contradictory and inconsistent rhetoric as diplomatic tensions between the two nations continue to escalate. Speaking on Saturday, April 18, 2026, on the sidelines of a major diplomatic forum in Antalya, Turkey, Khatibzadeh dismissed recent claims by the ...
By Damilare Adeleye Transcorp Hotels Plc has announced that its Board of Directors will meet on April 23, 2026, to consider and approve the company’s unaudited financial statements for the first quarter ended March 31, 2026. In a notice dated April 16, 2026, and signed by the Group Company Secretary, Atinuke Kolade, the hospitality firm ...
