The Coca-Cola Company is set to invest an additional $1 billion in its Nigerian operations, further deepening its footprint in the country and reinforcing long-standing US–Nigeria trade relations. The United States Embassy in Nigeria disclosed this in a social media post highlighting the role of American companies in driving bilateral trade and economic growth between both […]

The Nigeria Employers’ Consultative Association, NECA, has raised alarm over the renewed enforcement by the National Agency for Food and Drug Administration and Control, NAFDAC, of a ban on the production and sale of alcoholic beverages in sachets and small PET bottles, describing the move as a serious regulatory misstep with far-reaching economic and governance consequences. […]

By Udeme Akpan Towards meeting the energy demands of their ongoing expansion projects, three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc have scaled up their Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd): Nigerian Gas Marketing Limited and NNPC […]

High interest rates, FX shocks, end of COVID forbearance trigger spike in corporate loan failures By Babajide Komolafe, Economy Editor At the backdrop of economic pressures on households and businesses, banks are now struggling with a rising loan defaults by businesses,  leading to a significant increase in bad loans portfolio of banks to N21.2 trillion. Financial Vanguard’s […]

By Peter Egwuatu  The Nigerian stock market, last weekend, closed the first month of the year, 2026, with over N6.7 trillion capital gains, just as oil prices witnessed a surge last week to about  $71.01 per barrel. Analysts noted that the surge in crude price last week, if sustained, would be favourable to Nigeria, adding that […]

CBN has released its inaugural CBN Fintech Report, offering a clear, forward-looking view of Nigeria’s fintech ecosystem and the priorities

According to the billionaire investor, the write-off was in line with the Central Bank of Nigeria’s directive encouraging banks to confront non-performing loans openly instead of postponing the issue.

As stated in the unaudited Group financial statement, FirstHoldCo recorded a 4.8% year-on-year (y-o-y) increase in its Gross earnings to N3.4 trillion, supported by a 36.3% y-o-y growth in net interest income of N1.9 trillion on the back of enhanced earnings yield and margins of 17.11% and 11.0%, respectively.

By Udeme Akpan Dangote Cement Plc has launched a Safety FairPlay Initiative at its Ibese Plant in Ogun State, aimed at driving behavioural change and fostering a strong, sustainable safety culture among employees. The initiative, which will be replicated across all Dangote Cement Plc plants nationwide, marks a significant milestone in strengthening the company’s safety framework. […]

By Progress Godfrey The Nigerian telecommunications industry attracted over $1 billion in capital investments in 2025 leading to the deployment of more than 2,850 new network sites nationwide. This was disclosed by the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Dr Aminu Maida, who also said the investment, which expanded both network coverage and […]