Business
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6 Nigerian banks record N3trn profit amid complaints, challenges
April 1, 2025
6 Nigerian banks record N3trn profit amid complaints, challenges
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as…
BUA Foods declares N13 final dividend
April 1, 2025
BUA Foods declares N13 final dividend
BUA Foods has approved the payment of a final dividend of N13 per share to its shareholders, subject to withholding…
Cadbury Nigeria records N22bn loss for 2024
April 1, 2025
Cadbury Nigeria records N22bn loss for 2024
Cadbury Nigeria has recorded a N22.2 billion loss for the 2024 financial year. This is a one per cent decrease…
How Nigeria can maximize $500m World Bank loan
April 1, 2025
How Nigeria can maximize $500m World Bank loan
The Lagos Chamber of Commerce and Industry (LCCI) has outlined strategic approaches aimed at maximising the benefits of the $500…
Africa’s billionaires break $100bn mark
April 1, 2025
Africa’s billionaires break $100bn mark
Africa’s wealthiest individuals have reached an historic milestone. For the first time, the continent’s billionaires collectively hold over $100bn in…
10 African nations with lowest IMF debt
April 1, 2025
10 African nations with lowest IMF debt
AS many African countries grapple with heavy debt burdens and financial pressure, a few have quietly demonstrated notable fiscal discipline.…
Nigeria’s economy expands to N22.61 trillion in Q4 2024, driven by non-oil sector growth – CBN
March 31, 2025
Nigeria’s economy expands to N22.61 trillion in Q4 2024, driven by non-oil sector growth – CBN
By Victor Akan The Nigerian domestic economy recorded significant growth in the fourth quarter of 2024 (Q4 2024), expanding by…
Wema Bank records 135% profit growth
March 31, 2025
Wema Bank records 135% profit growth
By Victor Akan Wema Bank has recorded a profit before tax of N102.51 billion. This marks an increase of 135…
UAC of Nigeria reports N26bn profit before tax in 2024, up 107%
March 30, 2025
UAC of Nigeria reports N26bn profit before tax in 2024, up 107%
The UAC of Nigeria has reported a profit before tax of N26 billion for 2024, marking a 107 per cent…
Naira appreciates by 0.11% against Dollar
March 29, 2025
Naira appreciates by 0.11% against Dollar
The Naira appreciated on Friday in the official market, trading at N1,536.82 to a dollar. Data from the Central Bank…
