By Peter Egwuatu Sterling Financial Holdings Company Plc has sustained its growth momentum, projecting gross earnings of N149.27 billion for the fourth quarter ending December 31, 2025. This projection builds on the Group’s performance in the first half of the year, when profit after tax rose by 157 percent, gross earnings climbed 39.7 percent to […]

BUA Foods Plc has announced a revenue of ₦1.53 trillion for the financial year ended December 31, 2024, with profit after tax rising 137% to ₦265.9 billion from ₦112 billion in 2023.

As economic activities expand 9th consecutive month  By Elizabeth Adegbesan  Activities in the industrial sector declined at 49.1 index points in August 2025 following a decline in 10 of its subsectors among 17 surveyed. The Central Bank of Nigeria,  CBN, disclosed this today in its Purchasing Managers Index Report for August 2025. “The Industry Sector […]

By Godwin Oritse Apapa Customs has set a new record posting N20.1 billion daily revenue barely 24 hours after the newly deployed Comptroller, Emmanuel Oshoba took over the leadership of the command. The latest record-breaking collection now stands as the highest daily revenue of any command in the Nigeria Customs Service, using the Unified Customs Management […]

By Babajide Komolafe The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their commitment to closer collaboration in order to strengthen Nigeria’s tax compliance framework and safeguard public revenue. Speaking at a courtesy visit to the EFCC headquarters in Abuja yesterday, the FIRS Executive Chairman, Dr Zacch Adedeji, emphasised […]

….as Reps quiz ministers on 2024–2025 appropriation act performance By Gift ChapiOdekina The Minister of Finance Wale Edun on Wednesday revealed that as of September 2025, about 80 per cent of the 2024 budget had been executed. This is also as the House of Representatives Committee on Appropriations held a closed-door session with the Minister of […]

By Obas Esiedesa, Abuja Businesses and homes suffered setback, yesterday, as Nigeria recorded another national grid collapse. The total electricity generation dropped to 1.5 megawatts, MW 2,917.83 MW between 11 am and 12 pm. Shortly after the collapse, the Nigeria National Grid, an X handle that provides updates on Electric power distribution announced that “System restoration is […]

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,540 per dollar in the parallel market from N1,525 per dollar on Tuesday. But the Naira appreciated to N1,502.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate fell to N1,502.5 per dollar […]

CardinalStone has been named Africa’s Best Broker at the 2025 Euromoney Capital Market Awards, reinforcing its consistent delivery of innovative, client-focused, and high-impact brokerage solutions.

Despite the price jump, oil prices remained below the $75 per barrel benchmark of Nigeria’s 2025 budget.