Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
HBM Nigeria’s profit up 57% to N208bn
By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, has declared a Profit After Tax (PAT) of N208billion representing a 57% growth for the first half of 2026, H1’26, against N132.677 billion in the corresponding period of last year, H1’25. According to the result released on the Nigerian Exchange Limited, NGX, the company’s net sales […]
Foreign dominance of coastal waters threatens Nigeria’s security
By Godwin Oritse A former Director of Shipping Development and Cabotage, Mr. Boniface Igwe, has warned that the continued dominance of foreign interests in Nigeria’s territorial waters poses a serious threat to the country’s internal security. Igwe, in his forthcoming book, Cabotage Law and Practice, argued that the growing presence and dominance of foreign operators in […]
Food inflation rate rises 5th consecutive month to 20.31%
By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its […]
How 24 firms control over 70% of Nigeria’s stock market
Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market.
Imports choke textile industry, rise to N1.1trn in two years
Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
