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 …
Business Insights
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AVCA Urges More Capital Investment in Nigeria’s Economy Amid Economic Recovery
The African Private Capital Association (AVCA) has called on investors to increase capital deployment in Nigeria to accelerate the country’s economic recovery and unlock growth in key sectors. This appeal …
- BusinessBusiness InsightsFinance & ServicesGOVERNMENTNigeriaTechnology
FIRS Sets Up National E-Invoicing Steering Committee to Boost Tax Compliance
The Federal Inland Revenue Service (FIRS) has inaugurated the National E-Invoicing Solution Inter-Agency Steering Committee as part of its efforts to modernise Nigeria’s tax administration and improve compliance across the …
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Nigerian Stock Market Gains N228bn as International Breweries, Cadbury Lead Rally
The Nigerian stock market opened the week strong on Monday, April 29, 2025, with investors witnessing a continued bullish trend. The market capitalisation rose by N228.48 billion as investors took …
- BusinessBusiness InsightsDevelopmentEconomyEnergyEntrepreneurshipFinance & ServicesNigeria
ROGEAP, Ecobank to Train 50 SMEs in Solar Energy Business
The Regional Off-Grid Electricity Access Project (ROGEAP), in collaboration with Ecobank Nigeria, has announced plans to train 50 small and medium enterprises (SMEs) in the solar energy sector through a …
- AFRICA NEWSBusinessBusiness InsightsEconomyINVESTMENTMarketsNigeria
Transcorp Hotels Grows Revenue by 52% in Q1 2025, Hits N21bn
Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc, has announced a major leap in revenue for the first quarter of 2025. The company recorded N21 billion in revenue, marking …
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FG Waives N97bn Food Import Duties, But Nigerians Say Prices Still High
The Federal Government has waived a total of N97 billion in import duties for essential food items like maize, rice, and sorghum between 2024 and the first quarter of 2025. …
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Airlines, Experts Clash Over Flight Safety During NiMet Strike
Operators and professionals in Nigeria’s aviation sector are currently divided over the recent decision by some airlines to keep flying even when workers of the Nigerian Meteorological Agency (NiMet) were …
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NCC, Lawmakers Begin Review of 22-Year-Old Telecom Law to Match New Tech Era
The Nigerian Communications Commission (NCC) and lawmakers at the National Assembly have started the process of reviewing the Nigerian Communications Act (NCA) 2003, which has been the foundation of Nigeria’s …
- AFRICA NEWSBusinessBusiness InsightsEconomyFinance & ServicesManufacturingMarketsNigeria
Guinness Nigeria Bounces Back with N6.7bn Profit in Nine Months
Guinness Nigeria Plc has bounced back into profitability, posting a profit after tax of N6.72 billion for the nine months ended March 31, 2025. This is a major turnaround for …