Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
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 […]
Crude oil imports hit record high as Dangote Refinery reshapes trade flow
•Low output impacts domestic crude supply — Reports • Bulk of crude dedicated to future contracts — CPPE •Imported petrol drops 7.45% to 998,500 metric tons •More vessels deliver crude oil, load refined products — Consultant •We are seeing favourable trade balance, foreign exchange — MEMAN By Udeme Akpan &Godwin Oritse Nigeria has recorded a sharp […]
Foreign investment on stock market rises to N1.3 trn in 7 months
Foreign investors’ transactions on the Nigerian stock market have risen to a record high of about N1.3 trillion, indicating improved global investors’ confidence.
Ajaokuta Steel Company in good shape, says FG
By Gabriel Ewepu THE Federal Government, yesterday, declared that Ajaokuta Steel Company is in good shape as against media reports recently. This was contained in a statement signed by the Head, Press and Public Relations Department, Ministry of Steel Development, Salamatu Jibaniya. The statement reads in part: “The attention of the Federal Ministry of Steel Development […]
NNPC Trading boss Maryamu Idris named Nigeria’s OPEC national representative
The NNPC said Idris will be instrumental in ensuring that “Nigeria’s energy interests are effectively represented and harmonised with OPEC’s overall objectives.”
