The Rwanda Development Board (RDB) has announced the renewal of its partnership with French football giant Paris Saint-Germain (PSG) through to 2028. The partnership, originally signed in 2019, has helped …
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FCCPC Orders IBEDC to Refund Consumers for Transformers, Poles, and Cables
The Federal Competition and Consumer Protection Commission (FCCPC) has directed the Ibadan Electricity Distribution Company (IBEDC) to begin refunding consumers who have paid for transformers, poles, cables, and other network …
- BusinessBusiness InsightsEconomyManufacturingNigeriaPolicies
Manufacturers Warn Against Return of 4% FOB Levy, Say Policy Threatens Nigeria’s Industrial Future
The Manufacturers Association of Nigeria (MAN) has raised the alarm over a proposed reintroduction of the suspended 4% Free-on-Board (FOB) levy by the Nigeria Customs Service (NCS), warning that the …
- Business InsightsDevelopmentGOVERNMENTNigeriaPolicies
FIRS Launches Gender Desk, Pledges Gender-Responsive Budgeting and Data Reporting
The Federal Inland Revenue Service (FIRS) has launched a new Gender Desk and Women Network initiative, pledging to mainstream gender equality across its operations, including planning, budgeting, data collection, and …
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Afreximbank Launches $3bn Credit Line to Support Fuel Imports Across Africa, Caribbean
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …
- EconomyInfrastructureINVESTMENTMobile Telecommunications Network (MTN)NigeriaTechnologyTelecommunications
Telcos Invest Over $1bn in Chinese Equipment to Boost Service Quality
Telecommunications operators in Nigeria have placed orders worth over $1 billion for new network infrastructure from original equipment manufacturers in China, as part of efforts to overhaul and improve the …
- Banking, Finance & InvestmentEconomyINVESTMENTNigeriaSpotlightZenith Bank
Zenith Bank Shareholders Approve N195.67bn Final Dividend Amid Strong 2024 Performance
Shareholders of Zenith Bank Plc have approved a final dividend payout of N4.00 per share, bringing the total dividend for the 2024 financial year to N5.00 per share. This amounts …
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adbury Nigeria Bounces Back with N5.97bn Profit in Q1 2025
Cadbury Nigeria Plc has returned to profitability with a strong N5.97 billion profit after tax for the first quarter of 2025, marking a major turnaround from the N7.32 billion loss …
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NSA Orders One-Stop Security Screening System at Nigerian Airports to Boost Aviation Safety
The Office of the National Security Adviser (ONSA) has directed the implementation of a one-stop joint-interest screening system across Nigerian airports. This initiative is part of efforts to address the …
Nascon Allied Industries Plc has reported a remarkable 77 percent growth in its revenue for the first quarter of 2025. According to the company’s unaudited financial report for the period …