eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
Nigeria’s GDP records 4.23 % growth in Q2’25
•As non-oil sector contributes 95% By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said Nigeria recorded 4.23 percent Gross Domestic Product (GDP) growth in the second quarter of 2025 (Q2’25) from 3.13 per cent in first quarter,Q1’25. This represents a 1.1 percentage point quarter-on-quarter (QoQ) increase. In the GDP report for Q2’25, NBS said: “Following the […]
FAAC: NUPRC records N459.6bn revenue shortfall despite 3% rise in monthly remittance
By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a revenue shortfall of N459.6 billion against its August 2025 budgetary target of N1.2 trillion, after remitting N745 billion to the Federation Account. In its report to the Federation Accounts Allocation Committee (FAAC) for September 2025, the Commission disclosed that its revenue collection […]
Globacom unveils TalkMasta, Welcome Bonus to enhance subscribers’ experience
The new products are part of Globacom’s commitment to enhancing communication experience and delivering value far beyond customers’ expectations.
African manufacturers seek extension of US trade programme
Manufacturers in some parts of Africa are lobbying the US Congress to grant a last-ditch extension of one to two years to a duty-free trade programme, the African Growth and Opportunities Act (AGOA), which is due to expire at the end of September, Reuters has gathered. US President Donald Trump’s aggressive tariff policies have cast doubt […]
Lafarge launches new plant to boost local manufacturing
Lafarge Africa Plc has officially commissioned the Freedom Plant, a state-of-the-art ReadyMix facility, located in Lekki, Lagos. The facility is equipped with a fully automated batching system that enables seamless remote data transfer and modification, with the capability to manage and operate the plant from any location worldwide via secure internet access. In alignment with Lafarge […]
DIVERSIFICATION: Manufactured goods export up 46.8% to N1.1trn in H1’25
By Yinka Kolawole The move to diversify Nigeria’s export portfolio seems to be yielding results as the value of manufactured goods exported from the country in the first half of 2025 (H1’25) surged by 46.76 percent to N1.1 trillion from N749.5 billion in the corresponding period of the previous year (H1’24). Analysis of reports of Foreign […]
Marching order on food is useless Mr President
By Dele Sobowale “I encourage you to continue speaking truth to power; not only to the government but also to all sectors of society, while also offering constructive solutions that will help us collectively build a nation where integrity, hard work and compassion are the hallmarks of public and private life” – President Bola Tinubu […]
Foreign investment on stock market rises to N1.3trn in 7 months
By Peter Egwuatu Foreign investors’ transactions on the Nigerian stock market have risen to a record high of about N1.3 trillion, indicating improved global investors’ confidence. The latest report released by the Nigerian Exchange Limited, NGX on foreign portfolio participation in Nigeria obtained on Friday indicated that foreign portfolio investment had more than doubled this year, […]
Stock market sustains positive sentiment as investors await MPC meeting
By Peter Egwuatu The outcome of the Central Bank of Nigeria,CBN’s Monetary Policy Committee, MPC meeting this week will determine further direction of the stock market, even as investors sustained the return of bullish momentum last week. The Nigerian Exchange Limited, NGX closed last week on a positive note, as buying interest in BUA Foods, which […]
Zenith Bank’s gross earnings hit N2.5trn in H1’25
*Declares N1.25 interim dividend By Peter Egwuatu Zenith Bank Plc has recorded a robust 20% Year onYear, YoY increase in gross earnings, rising to N2.5 trillion in the first half ending June 2025, H1’25 from N2.1 trillion recorded in the corresponding period 2024,H1’24. The Bank posted an impressive Profit Before Tax, PBT and Profit After […]
