Economy

After almost nine years without paying dividends, UPDC Plc has announced plans to reward its shareholders once again. This move marks a major step in the company’s financial recovery and …

Nigeria’s debt servicing costs rose sharply to N8.9tn in the first nine months of 2024, far exceeding the pro-rata budget of N6.2tn. A new report by Afrinvest revealed that the …

Abbey Mortgage Bank Plc has announced strong financial results for the first quarter of 2025, posting a 68.64 per cent rise in gross earnings to N3.77bn, up from N2.24bn recorded …

The Organised Private Sector of Nigeria (OPSN) has called on the Federal Government to urgently introduce targeted economic stimulus packages to prevent the poverty rate from rising to 56 per …

The Nigerian Exchange Limited (NGX) added N966bn in market value last week, helped by improved investor confidence and strong performances by major banking and consumer goods stocks. The market only …

The African Shipowners Association has said that the disbursement of the Cabotage Vessels Finance Fund (CVFF) at a single-digit interest rate would bring massive growth opportunities for Nigeria’s maritime industry. …

BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …

The United States government has criticised Nigeria for delaying the approval of import permits for American agricultural products. In its 2025 National Trade Estimate Report on Foreign Trade Barriers, the …

Private sector leaders have warned Nigerian businesses to urgently review their 2025 plans, saying the economic outlook has worsened due to global instability and rising insecurity within the country. They …

Lafarge Africa Plc has kicked off 2025 on a strong note, posting a massive 837 per cent rise in profit after tax to N48.64bn for the first quarter, up from …