Wema Bank Plc has reported a strong profit performance in the first quarter of 2025, with profit after tax jumping by 270 per cent to N35.8 billion. This figure is …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyINVESTMENTMarketsNigeriaPolicies
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Warren Buffett to Step Down as Berkshire Hathaway CEO After Nearly 60 Years, Greg Abel to Take Over by End of 2025
Warren Buffett, the popular American billionaire investor, has announced that he will step down as the Chief Executive Officer (CEO) of Berkshire Hathaway, the investment company he has led for …
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AfricaAgricultureBusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyGOVERNMENTINVESTMENTManufacturingPoliciesTrade and Commerce
NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
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Banking, Finance & InvestmentEconomyEducationFinance & ServicesGlobal NewsINVESTMENTNigeriaWestern Africa
CBN Governor Reaffirms Commitment to Economic Stability and Transparency Amid Reforms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to ensuring long-term economic stability, financial inclusion, and policy transparency as Nigeria continues with …
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Business InsightsEconomyInfrastructureINVESTMENT
Ogun State Partners ARISE IIP in $400m Investment to Establish Remo Free Zone
The Ogun State Government and ARISE Integrated Industrial Platforms (ARISE IIP) have committed a $400 million investment to develop the Industrial Platform Remo Free Zone (IPRFZ), a new public-private partnership …
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Banking, Finance & InvestmentEconomyINVESTMENTMarketsNigeriaWestern Africa
GTCO Posts N300.4bn Profit Before Tax in Q1 2025, Shows Strong Earnings Amid Challenging Environment
Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of N300.4 billion for the first quarter of 2025, reinforcing its reputation as one of Nigeria’s most resilient …
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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 …
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Business PoliciesEconomyGOVERNMENTInfrastructureINVESTMENTNigeriaPoliciesReal Estate
FG Partners Shelter Afrique to Push Affordable Housing With N1tn Real Estate Fund
The Federal Government of Nigeria has signed a Memorandum of Understanding with Shelter Afrique Development Bank to grow the housing sector by expanding the Ministry of Finance Incorporated Real Estate …
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BusinessBusiness and EconomyBusiness InsightsBusiness PoliciesDevelopmentEconomyInfrastructureINVESTMENTNigeriaReal Estate
Nigerian Developers Turn to Community Malls as Large Shopping Centres Face Challenges
Developers in Nigeria’s retail sector are changing their focus. Instead of building large shopping malls like before, many of them are now going for smaller, community malls also called neighbourhood …