Nigeria’s debt servicing costs rose sharply to N8.9tn in the first nine months of 2024, far exceeding the pro-rata budget of N6.2tn. A new report by Afrinvest revealed that the …
April 28, 2025
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Business and EconomyEconomyFinance & ServicesNigeria
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Banking, Finance & InvestmentEconomyNigeria
Abbey Mortgage Bank Grows Q1 2025 Earnings by 68.64%, Reports N3.77bn Revenue
Abbey Mortgage Bank Plc has announced strong financial results for the first quarter of 2025, posting a 68.64 per cent rise in gross earnings to N3.77bn, up from N2.24bn recorded …
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DevelopmentNigeriaNovarick Homes and properties limited
Developers Defend Four-Storey Building Near Gani Fawehinmi’s Home, Say All Approvals Secured
The developers and owners of the four-storey building located beside the late Chief Gani Fawehinmi’s historic residence have said that the structure was built with full government approvals and in …
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Business and EconomyDevelopmentEventsInnovation
Nigerian Architects Seek Stronger Ties With Ariston Group Ahead of Lagos Forum
The Nigerian Institute of Architects (NIA) has paid a courtesy visit to Ariston Group to strengthen collaboration and appreciate the company’s contributions towards advancing architectural design in Nigeria. In a …
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BusinessEconomyFinance & ServicesGOVERNMENTPolicies
Private Sector Urges FG to Inject Stimulus to Tackle Rising Poverty
The Organised Private Sector of Nigeria (OPSN) has called on the Federal Government to urgently introduce targeted economic stimulus packages to prevent the poverty rate from rising to 56 per …
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The Nigerian Exchange Limited (NGX) added N966bn in market value last week, helped by improved investor confidence and strong performances by major banking and consumer goods stocks. The market only …
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EconomyFinance & ServicesNigeriaTransportation & Logisitics
Vessels’ fund disbursement crucial for maritime growth – Shipowners
The African Shipowners Association has said that the disbursement of the Cabotage Vessels Finance Fund (CVFF) at a single-digit interest rate would bring massive growth opportunities for Nigeria’s maritime industry. …
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BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …
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AgricultureBusinessEconomyNigeriaTrade and Commerce
US report calls out Nigeria’s trade barriers, port corruption
The United States government has criticised Nigeria for delaying the approval of import permits for American agricultural products. In its 2025 National Trade Estimate Report on Foreign Trade Barriers, the …