Business

Guinness declares N265bn revenue, PAT up 53% to N25.3bn

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 […]
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FG, 6 states woo investors at ‘Invest in Lagos 3.0’ Summit

FG, 6 states woo investors at ‘Invest in Lagos 3.0’ Summit

The Federal Government and six state governments have urged investors at the ongoing Invest in Lagos 3.0 Summit to channel funds into critical sectors, promising attractive returns and improved business conditions. The summit, themed “Lagos: The Business Gateway to Africa,” featured presentations from representatives of the Presidency and the governors of Lagos, Imo, Abia, Plateau, Taraba […]

UBA wins 2026 ‘Banker Technology’ award for AI innovation, launches upgraded app

UBA wins 2026 ‘Banker Technology’ award for AI innovation, launches upgraded app

United Bank for Africa (UBA) Plc, has been named the winner of the African category at the 2026 Banker Technology Awards, recognised for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets. In its assessment of UBA’s winning entry, The Banker noted […]

SSB tax threatens 33% manufacturing output, 1.5m jobs — MAN

SSB tax threatens 33% manufacturing output, 1.5m jobs — MAN

•Promote healthy consumption without harming businesses — ACCI By Yinka Kolawole & Progress Godfrey Opposition to the proposed increase in excise duties on sugar-sweetened beverages (SSBs) intensified yesterday as the Manufacturers Association of Nigeria (MAN) and the Abuja Chamber of Commerce and Industry (ACCI) warned of severe economic consequences. MAN cautioned that the proposed levy could […]

Agric sector records 3.15% growth in GDP to 11.87trn

Agric sector records 3.15% growth in GDP to 11.87trn

The agricultural sector comprising crop production, livestock, forestry, and fishing  recorded a 3.15 per cent, year-on-year growth in real Gross Domestic Product (GDP) to N11.87 trillion in the first quarter of 2026 (Q1’26) from N11.51 trillion in Q1’25.

Finance Ministry, contractors clash again over outstanding debt

Finance Ministry, contractors clash again over outstanding debt

•We processed N700bn payments to 1,240 local contractors – Ministry •We have not received any money – Contractors By Emma Ujah,  Abuja Bureau Chief & Progress Godfrey At the backdrop of a resumption of protests by contractors, the Minister of  Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said it approved payments […]