Skyway Aviation Handling Company Plc (SAHCO) has reported strong financial growth for the second quarter of 2025, with its profit after tax rising by 131 per cent. The company posted …
Economy
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AviationBusinessCorporate EarningsEconomyFinancial InclusionNigeriaTransportation
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AviationEconomyInfrastructureLabourTransportation
Tension in Nigeria’s Aviation Sector as Unions Threaten Nationwide Strike Over Unpaid Salaries
There is growing tension in Nigeria’s aviation industry as four major aviation unions have issued a fresh warning to the Federal Government, announcing plans to begin a full withdrawal of …
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BusinessEconomyFinanceGovernment PolicyTaxationTrade and Commerce
Kenya Mulls VAT Refund Offsets as Ruto Courts Businesses
Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
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EconomyInfrastructureMaritimeTrade & Investment,TransportationTransportation & Logisitics
Onitsha Port Receives First Barge of 2025
The Onitsha River Port in Anambra State came alive earlier this month as it received its first barge for the 2025 operating season. The barge, named MV ZUPITOR/MV RB ALASKA, …
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BusinessEconomyInfrastructureMaritimeTrade & Investment,
Aisha Maina Secures $40m Afreximbank Deal for Deep-Water Port Linking Africa and Caribbean
Nigerian businesswoman and entrepreneur, Mrs Aisha Maina, has secured a $40 million investment backed by the African Export-Import Bank (Afreximbank) to develop a deep-water port in Basseterre, St Kitts & …
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AgricultureBusinessCorporate EarningsEconomyManufacturingMarkets
Presco Plc Grows Profit to ₦88.72bn in H1 2025, Records 128% Surge
Presco Plc, one of Nigeria’s major palm oil producers, has reported a strong financial performance for the first half of 2025, posting a profit after tax of ₦88.72 billion. This …
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BusinessCorporate EarningsEconomyFinanceHealthcareInsurance
AXA Mansard Grows Half-Year 2025 Insurance Revenue by 24%, Hits ₦81.15bn
AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …
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BusinessCorporate EarningsEconomyManufacturingMarkets
Champion Breweries Bounces Back with N2.29bn Profit in First Half of 2025
Champion Breweries Plc has returned to profitability in the first half of 2025, posting a profit after tax of ₦2.29 billion. This marks a major turnaround from the ₦386.66 million …
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Debt Management,EconomyFinanceInfrastructureINVESTMENTOil & GasPublic Services
NUPRC Says 220 Unlicensed Oil Blocks Awaiting Bidders
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 220 oil blocks across Nigeria are not abandoned but are waiting for new concessionaires to take over through proper licensing …
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BusinessCorporate NewsEconomyFinanceInfrastructureNigeria
Julius Berger Nigeria Grows Revenue to N343.4bn in H1 2025
Construction giant Julius Berger Nigeria Plc has reported a revenue of N343.4 billion for the first half of 2025, showing a 41 per cent rise compared to the N243.8 billion …