Business

Dangote to launch own shipping fleet to boost maritime operation

By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
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Oando records 164% rise in profit to N210bn in 9mths 

By Babajide Komolafe Oando Plc has said it recorded a 164 per cent increase in Profit After Tax, PAT, to N210 billion from N76 billion in the same period of 2024, a performance driven by stronger production volumes, and operational efficiency.  Group revenue declined by 20% year-on-year to N2.5 trillion from N3.2 trillion in 2024, primarily […]

FATF delisting: Nigerian manufacturers stand to gain substantially — MAN

By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has welcomed the recent removal of Nigeria from the Financial Action Task Force (FATF) grey list, noting that the manufacturing sector stands to gain substantially from the delisting. Director General of MAN, Segun Ajayi-Kadir, stated this in an exclusive interaction with Vanguard, adding that the delisting marks […]

GTCO’s PBT up 39% to N299 bn in Q3’25

By Peter Egwuatu Guaranty Trust Holding Company Plc (GTCO) has released its unaudited third quarter results 2025, Q3’25 , reporting Profit Before Tax, PBT of N299.9 billion, up 39% Year-on-Year, YoY. According to the report, gross earnings for the three-month period stood at N532 billion, up 15.5% YoY from N461 billion in Q3’24. Meanwhile, GTCO recorded […]

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