Nestlé Nigeria Plc has bounced back to profitability in the third quarter of 2025, recording a pre-tax profit of N39.6 billion, marking a sharp turnaround from the N2.9 billion loss …
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FIRS Orders Banks and Financial Institutions to Deduct 10% Withholding Tax on Treasury Bills
The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
- BusinessEconomyEnergyEnvironmentNigeriaOil & GasTechnology
MEMAN Says Fuel Subsidy Removal Driving Digital and Sustainable Transformation
The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has opened new opportunities for innovation, investment, and digital transformation in Nigeria’s downstream oil …
- BankingCorporate ServicesEconomyFinanceNigeriaOil & Gas
Tribunal Dismisses General Hydrocarbons’ $718m Claim Against First Bank
The Sole Arbitrator, Hon. Justice Kumai Bayang Akaahs (Rtd), has delivered a final award in the arbitration between General Hydrocarbons Limited (GHL) and First Bank of Nigeria Limited (FBN), ruling …
- EconomyInfrastructureINVESTMENTNigeriaTrade
Lagos Free Zone Touted as Prime Destination for Nordic Investors in Nigeria’s Expanding Economy
The Lagos Free Zone (LFZ), Nigeria’s first private special economic zone developed by Tolaram, has been described as one of the most attractive destinations for Nordic investors seeking long-term opportunities …
- AfricaCorporate Social Responsibility,DevelopmentFinancial InclusionInnovationTechnology
MTN Group Fintech Wins First Regional Platform Business Award
MTN Group Fintech has been honoured with the first-ever Regional Platform Business Award at MTN’s prestigious Y’ello Care Awards, in recognition of its outstanding contribution to community development and social …
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Sanwo-Olu Named Grand Patron of Bodex Social Media Hangout for Promoting Digital Innovation
Lagos State Governor, Mr. Babajide Sanwo-Olu, has been honoured by the Bodex Social Media Hangout (BSMH) for his remarkable contributions to digital engagement, technology-driven governance, and media innovation in Nigeria’s …
- EconomyGovernanceHealthInnovationScienceTechnology
Nigeria Imports 99% of Medical Devices, 70% of Medicines
Nigeria’s overreliance on imported medical products has again come under scrutiny as the Federal Government revealed that the country imports about 99 per cent of its medical devices, 70 per …
- BusinessEconomyEnergyEnvironmentInfrastructureOil & Gas
LPG Marketers Target 6 Million Metric Tonnes Annual Supply to Boost Clean Energy Use in Nigeria
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has announced plans to raise the country’s annual Liquefied Petroleum Gas (LPG) supply to six million metric tonnes in the coming …
- BankingBusinessEconomyFinanceNigeria
Abbey Mortgage Bank Gets ‘A3’ Rating from Agusto & Co., Reflecting Improved Financial Strength
Pan-African credit rating agency, Agusto & Co., has reaffirmed the ‘A3’ rating of Abbey Mortgage Bank with a stable outlook, citing the bank’s low leverage, consistent financial fundamentals, and improved …