Heidelberg Materials, one of the world’s top cement producers, has started the 2025 financial year on a solid note, with better-than-expected earnings in the first quarter. The German company, which …
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Investors Watch DMO’s ₦550bn Treasury Bills Auction as Market Eyes Interest Rate Direction
Many investors are paying close attention to the Treasury Bills auction being held today, Tuesday, May 7, 2025, as the Debt Management Office (DMO) offers ₦550 billion worth of T-bills …
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AfricaAFRICA NEWSBusinessBusiness InsightsEnvironmentInfrastructureNigeriaOil & GasSecurity
Oil Spill Halts Operations on Okordia-Rumuekpe Pipeline in Rivers State
Renaissance Africa Energy Company Limited has confirmed that it has stopped crude oil transportation through its Okordia-Rumuekpe pipeline in Rivers State after an oil spill was discovered in Ikata community, …
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AfricaAFRICA NEWSAviationEconomyNigeriaTrade and Commerce
Africa Records Lowest Global Air Cargo Demand in March 2025 – IATA
Africa’s air cargo industry recorded the steepest drop in global demand in March 2025, with a 13.4 per cent year-on-year decline, according to data released by the International Air Transport …
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MTN Nigeria Reports N133.7bn Profit in Q1 2025
MTN Nigeria Communications Plc has reported a profit after tax of N133.7 billion for the first quarter of 2025, recovering from a loss of N392.7 billion recorded in the same …
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AFRICA NEWSBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTNigeria
Nigeria Not in Hyperinflation – Financial Reporting Council Insists
The Financial Reporting Council of Nigeria (FRC) has said that Nigeria’s economy cannot be classified as hyperinflationary, despite rising inflation and concerns raised by the International Monetary Fund (IMF) and …
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LCCI Projects $538m Yearly Agro-Processing Investment for Nigeria’s Growth
The Agricultural and Allied Group of the Lagos Chamber of Commerce and Industry (LCCI) has said Nigeria must invest at least $538 million every year for 10 years to grow …
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Experts Warn Tax Waiver Alone Won’t Fix Pharma Sector Problems
Stakeholders in Nigeria’s pharmaceutical industry have expressed concern that the recently introduced two-year import duty and VAT waiver on pharmaceutical raw materials may fall short of expectations unless the Federal …
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AFRICA NEWSAgribusinessAgricultureEconomyFinance & ServicesINVESTMENTMarketsNigeriaWestern Africa
Presco Plc Records N93.8bn Revenue in Q1 2025, Up by 120% from Last Year
Presco Plc, one of Nigeria’s major palm oil producers, has reported strong financial results for the first quarter of 2025, showing significant growth across key performance areas. The company’s unaudited …
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AFRICA NEWSCryptocurrencyFinance & ServicesINVESTMENTNigeriaWestern Africa
SEC Warns Nigerians Against Investing in Unregistered Crypto Platform, Tofro.com
The Securities and Exchange Commission (SEC) has issued a public warning against an online cryptocurrency trading platform, Tofro.com, labelling it as unregistered and potentially fraudulent. The commission described the platform’s …