By Peter Egwuatu   The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week, W-o-W, driven largely by renewed buying interest in banking and industrial stocks. Data from the Nigerian Exchange Limited, NGX, showed that the market capitalisation, which represents total value of stocks listed on the Exchange […]

Against the backdrop of rising costs of living and declining purchasing power, brewing companies have recorded sharp rise in revenues.

By Emma Ujah,  Abuja Bureau Chief The Nigeria Customs Service Trade Modernisation Project will enhance ease of doing business, boost trade facilitation, revenue generation and raise the bar of national security. The Comptroller-General (CG) of Customs, Mr. Adewale Adeniyi, said this at the workshop for Journalists on the Nigeria Customs Service Trade Modernisation Project, in Abuja […]

By Patrick Chidubem  Moniepoint Microfinance Bank (Moniepoint MFB) has stated its resolve to maintain leading position in Nigeria’s agency banking space, positioning its track record and distinctive service model as a game-changer for the sector. The company also noted its commitment to deepen value creation across the entire ecosystem. Beyond service provision, the bank is positioning […]

…As profit rises 117% to N317.2 bn •Our performance was led by  Heineken beer – Nigerian Breweries •We take beer to ease frustration, stress – Consumers •It’s habit driven – Analysts •Helped by product re-pricing – Egbomeade By Peter Egwuatu Against the backdrop of rising costs of living and declining purchasing power, brewing companies have recorded sharp […]

By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has called on the Lagos State Government to simplify its tax structure to support industrial growth, reduce business bottlenecks and attract fresh investments into the manufacturing sector. Chairman of MAN Apapa Branch, Raphael Danilola, made the appeal during the association’s annual business luncheon held in Lagos with […]

Nigeria’s maritime sector recorded strong growth in the first quarter of 2026, as the Nigerian Ports Authority, NPA, posted a 19.5 per cent increase in vessel tonnage to 46.75 million Gross Registered Tonnage, GRT, while cargo throughput rose to 32.38 million metric tons. 

By Godwin Oritse A group of concerned licensed customs agents and maritime stakeholders under the aegis of the Association of Nigeria Licensed Customs Agents (ANLCA) has petitioned the Inspector-General of Police over alleged interference of the Marine Police in port operations. Specifically, they accused the Police unit of blocking and extorting importers of duly cleared cargoes […]

By Udeme Akpan, Energy Editor & Ediri Ejor Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid growing speculation that the US-Iran war — a major factor driving the current market instability — may soon come to an end. But contrary to expectations pump prices in Nigeria remained high […]

FirstHoldCo Plc delivered a masterclass performance in its first-quarter 2026 financials, recording a 100 year-on-year profit before tax (PBT) growth. Profit before tax (PBT) jumped to -321.12 billion from -186.48 billion in the corresponding period of 2025, supported by steady interest-earning capacity and robust fee income generation. The first quarter of 2026 marked a definitive […]

The Financial Reporting Council of Nigeria (FRC) has unveiled a range of incentives aimed at boosting the country’s actuarial workforce, as it moves to address what it described as a critical shortage of certified professionals. Speaking at Lagos State University of Science and Technology (LASUSTECH), Ikorodu, Former Head of Directorate of Audit Practice Standards, FRC, Mr. […]

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government (FG) and the Nigerian National Petroleum Company Limited (NNPCL) to ensure that the newly signed partnership with Chinese firms for the rehabilitation of the Warri and Port Harcourt petrol refineries delivers concrete results, saying Nigerians are tired of repeated promises […]

As the insurance sector recapitalisation exercise gathers momentum, about 15 firms have so far successfully undergone capital verification out of the 24 firms approved by the National Insurance Commission (NAICOM).

By Peter Egwuatu Access Holdings Plc has reaffirmed its commitment to long term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s full year 2025  […]

By Elizabeth Adegbesan THE National Bureau of Statistics, NBS, said the average price of 50kg local rice (short grains) rose by 20.5 percent in March 2026 to N112,000 from N92,946 in February 2026. NBS disclosed this yesterday in its Selected Food Price watch report for March 2026. However, recent findings by Vanguard showed that the price […]