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 […]
Nigeria’s economy expands 11th consecutive month
By Elizabeth Adegbesan Nigeria’s economy expanded for the eleventh consecutive month as Central Bank of Nigeria, CBN, Purchasing Managers’ Index rises to 55.4 index points in October 2025 from 54 index points recorded in the previous month. According to the CBN report, sectors that led the expansion include industry, service and agricultural sectors. The report stated: “The […]
Stakeholders raise alarm over security gaps in nation’s ports
•Demand return of tally clerks, on-board security men By Victor Ahiuma-Young Organised labour and maritime operators have sounded the alarm over growing security and revenue-leakage risks at the nation’s seaports. They say the absence of registered tally clerks and on-board ship gangway security men has left vital port operations exposed to fraud and illicit activity. They […]
Inadequate gas throws Geometric Power into first blackout in 60 days
By Udeme Akpan Geometric Power, Nigeria’s foremost integrated electricity group, has suffered its first blackout in 60 days. The blackout started at 4.33 am, according to Edise Ekong, the Senior Brand and Communication Manager of Aba Power Electricity Company Ltd, the distribution subsidiary of the group. Ekong, in a statement in Aba, attributed the power failure […]
Macroeconomic stability, predictability key to attracting investors — Cardoso
Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to invest if the nation maintains strong macroeconomic fundamentals. Speaking at the bank’s 2025 Executive Seminar, Cardoso said stability and predictability are crucial to attracting capital. “Stability is at the core of […]
NDIC reaffirms 2wks deadline for banks to resolve customers’ complaint
By Omolara Ojugbele, Ayomide Kasali & Olaoluwa Olaleye The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its directive to banks to resolve customers’ complaints within two weeks, warning that unresolved cases after the deadline can be escalated directly to the Corporation for intervention. The move, according to the NDIC, is part of its renewed commitment to […]
