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 …
Economy
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AFRICA NEWSBusiness PoliciesEconomyHealthcareInfrastructureNigeriaPolicies
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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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BusinessBusiness and EconomyBusiness InsightsEconomyEnergyInfrastructureMarketsNigeriaOil & GasTrade and CommerceWestern Africa
Petrol Landing Cost Hits N870 as Dangote Refinery Price Pressures Fuel Importers
The landing cost of Premium Motor Spirit, popularly known as petrol, has now risen to an average of N870 per litre, according to data from the Major Energies Marketers Association …
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Banking, Finance & InvestmentEconomyMarketsNigeriaTransportation & Logisitics
Sterling Bank Extends Zero-Transfer Campaign with Free Bus Rides for Lagosians
Sterling Bank Plc is expanding its Zero Transfer Fees campaign into a broader social impact initiative by providing free bus rides to commuters across Lagos, giving relief to thousands of …
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AgricultureBusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyManufacturing
Dangote Sugar Plans 75,000 Jobs Despite N192.6bn Loss in 2024
Dangote Sugar Refinery Plc has announced plans to generate over 75,000 jobs within its sugar value chain as part of its long-term growth strategy, even as the company recorded a …
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Banking, Finance & InvestmentBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyMarketsNigeria
First HoldCo Plc Sees N37bn Drop in Profit for Q1 2025 as Fair Value Loss Hits Earnings
First HoldCo Plc has recorded a drop in its profit for the first quarter of 2025, with total profit falling to N171.1 billion from N208.1 billion posted in the same …
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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 …