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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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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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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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 …
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Youths with Disabilities in Rwanda Receive Training to Overcome Poverty
More than 20 young people living with disabilities across Rubavu, Burera, Musanze, and Rutsiro local government areas of Rwanda are receiving training to help them run cooperative businesses and move …
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Rwanda Records N3.6 Trillion Investment, Boosts Economy in 2024 – RDB Report
The Rwanda Development Board (RDB) has released its 2024 Annual Report, showing strong economic progress and major wins for the East African country. The report highlights key achievements across investments, …
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Race Tightens for AfDB President as Five Candidates Share Plans for Africa’s Future
The race to lead the African Development Bank (AfDB) is getting hotter as the date for the election draws near. The current president of the bank, Nigeria’s Dr. Akinwumi Adesina, …
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Equatorial Guinea, Congo, and Burkina Faso Make Economic Moves to Attract Global Attention
Equatorial Guinea has caught the interest of international investors after securing an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, a notable achievement for the small oil-rich Central African …