Dangote Cement rewards shareholders with N753.8bn dividend, pays N45 per share
By Mather Godwin Dangote Cement Plc has announced a 50 per cent increase in dividend payout to shareholders, raising the dividend from N30 per share to N45 per share, which translates to a total payout of approximately N753.8 billion, reaffirming the company’s position as one of the most rewarding investments on the Nigerian Exchange (NGX). The […]
Nigeria’s economic growth fragile, needs targeted policies to reduce poverty —World Bank
By Babajide Komolafe The World Bank has warned that Nigeria’s economic growth, though showing signs of recovery, remains fragile and may not translate into improved living standards for millions of citizens unless targeted policies are implemented to reduce poverty. Dr Samer Matta, the World Bank’s Senior Economist for Nigeria, made this assertion at the Nigeria Economic […]
2027 politics biggest test of economic reforms — NESG
By Emeka Anaeto & Babajide Komolafe The Nigerian Economic Summit Group, NESG, yesterday, warned that the 2027 general elections could pose the biggest threat yet to Nigeria’s ongoing economic reforms, cautioning that reform fatigue and policy reversals often set in as political cycles approach. Speaking at the presentation of the NESG 2026 Macroeconomic Outlook, NESG Chief […]
NGX confirms listing of 3.16billion UBA shares
The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated January 12, […]
NRS explains VAT charges on bank customers’ transactions
By Emma Ujah, Abuja Bureau Chief The Nigeria Revenue Service (NRS) has clarified that there was no fresh imposition of Value-Added Tax (VAT) on banking services. In a statement yesterday, the NRS said VAT has always applied to banking services and not newly introduced under the new Nigeria Tax Act. The statement signed by Dare Adekanmbi, […]
Inflation drops to 15.15%, as food inflation declines further
By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate fell by 2.18 percentage points to 15.15 percent in December 2025 from 17.33 percent in November 2025. The NBS disclosed this in its Consumer Price Index (CPI), report for December 2025. Recall, early this week that the NBS adjusted its CPI methodology […]
