FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
N10bn recovered for aggrieved consumers in 6 months – FCCPC
By Yinka Kolawole The Federal Competition and Consumer Protection Commission (FCCPC) said over N10 billion was recovered for aggrieved consumers in Nigeria between March and August 2025, even as it listed the banking, Fast Moving Consumer Goods (FCMG), and fintech sectors as leading the top ten sectors from where the commission received the highest number of […]
Industrial sector activities decline in August — CBN
Activities in the industrial sector declined at 49.1 index points in August 2025 from 51.1 index points in July. The CBN, disclosed this, yesterday in its Purchasing Managers Index Report for August 2025. The report stated: “The Industry sector index, at 49.1 points, indicated contraction in industrial activities in August 2025. “Output, New Orders and […]
Bankers Warehouse unveils bank neutral cash hub at Mile 12 market
By Providence Ayanfeoluwa Bankers Warehouse (BW) Limited, yesterday, unveiled the first Bank Neutral Cash Hub, BNCH, in Nigeria at Mile 12 International Market, with a pledge of 200 more hubs to be birthed across major markets in the country. BNCH is a cash collection centers established to reduce the risks and cost borne by banks, merchants […]
Sterling HoldCo projects N149.27bn gross earnings in Q4
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 records ₦1.5trn revenue in 2024, declares ₦13 dividend
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.
