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 […]
How manufacturers can benefit from new tax laws’
By Yinka Kolawole Nigerian manufacturers are set to benefit from performance-based incentives with the implementation of the Nigeria Tax Act (NTA) 2025, which took effect from January 1, 2026. Analysing the new legislation, Kehinde Folorunsho, Partner, Tax Services at Kreston Pedabo Professional Services, said the Act represents one of the most far-reaching overhauls of Nigeria’s tax […]
Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors
By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has declared a second liquidation dividend of N24.3 billion to depositors of the defunct Heritage Bank Limited whose account balances exceeded the statutory insured limit of N5 million as at the date of the bank’s closure. The declaration followed sustained asset recovery efforts by the Corporation […]
Seme Customs records 117% revenue surge, tightens border security
By Providence Ayanfeoluwa The Nigeria Customs Service, NCS, Seme Area Command, closed 2025 with a record of 117 percent revenue surge, generating a total of N15.6 billion as against N7.2 billion it recorded in 2024. The Command achieved its highest-ever monthly revenue in December 2025 when it generated N3.63 billion. A statement made available by the […]
Banks slash loans to manufacturers, traders by N2.1trn
Loans to five sectors drop 17.5% to N16.43trn in 6mth By Babajide Komolafe At the backdrop of the challenges confronting the manufacturing sector, including structural bottlenecks, weak consumer demand and high interest rate, banks slashed loans to manufacturers and traders by N2.1 trillion in the first six months of 2025 to N10.946 trillion at the end of […]
NGX rally gathers pace as investors coast home with over N3.8trn gain
•As Tinubu urges Nigerians to deepen participation By Peter Egwuatu The Nigerian equities market extended its upward movement last week, posting another strong close as investors garnered N3.837 trillion gain from their investment. Analysts attributed the gain to sustained confidence and resilience of the market. The trading was characterised by sustained buying interest, sector rotation and […]
