Stakeholders from the Enterprise Development Centre (EDC), Keystone Bank, MasterCard Foundation, and Tripoint Academy have called on small and medium enterprises (SMEs) in Nigeria to embrace sustainable and impact-driven growth …
Economy
- BusinessDevelopmentEconomyFinanceSMEsWomen Empowerment
- BusinessEconomyFinanceGOVERNMENTINVESTMENTManufacturing
MAN Applauds Nigeria’s Removal from FATF Grey List, Says Move to Boost Manufacturing Sector
The Manufacturers Association of Nigeria (MAN) has commended the removal of Nigeria from the Financial Action Task Force (FATF) grey list, describing it as a major boost for the country’s …
- BusinessEconomyGOVERNMENTIndustrial DevelopmentInfrastructureManufacturing
Nigeria, Stellar Steel Sign $400 Million Deal
The Federal Government has signed a landmark $400 million joint strategic cooperation agreement with Stellar Steel Company Limited to establish a state-of-the-art steel plant in Ewekoro, Ogun State, in a …
- BankingCorporate EarningsEconomyFinanceStock Market
GTCO Records N299.9bn Profit Before Tax in Q3 2025
Guaranty Trust Holding Company Plc (GTCO) has released its unaudited financial results for the third quarter of 2025, showing a strong rebound in profitability across its banking and non-banking businesses. …
- BusinessCorporate EarningsEconomyFinancial InclusionFood ProductionManufacturingMarkets
Nestlé Nigeria Returns to Profit with N39.6bn Pre-Tax Earnings in Q3 2025 After 2024 Loss
Nestlé Nigeria Plc has bounced back to profitability in the third quarter of 2025, recording a pre-tax profit of N39.6 billion, marking a sharp turnaround from the N2.9 billion loss …
- BusinessCapital MarketEconomyFinanceGovernment PolicyTaxation
FIRS Orders Banks and Financial Institutions to Deduct 10% Withholding Tax on Treasury Bills
The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
- BusinessEconomyEnergyEnvironmentNigeriaOil & GasTechnology
MEMAN Says Fuel Subsidy Removal Driving Digital and Sustainable Transformation
The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has opened new opportunities for innovation, investment, and digital transformation in Nigeria’s downstream oil …
- BankingCorporate ServicesEconomyFinanceNigeriaOil & Gas
Tribunal Dismisses General Hydrocarbons’ $718m Claim Against First Bank
The Sole Arbitrator, Hon. Justice Kumai Bayang Akaahs (Rtd), has delivered a final award in the arbitration between General Hydrocarbons Limited (GHL) and First Bank of Nigeria Limited (FBN), ruling …
- EconomyInfrastructureINVESTMENTNigeriaTrade
Lagos Free Zone Touted as Prime Destination for Nordic Investors in Nigeria’s Expanding Economy
The Lagos Free Zone (LFZ), Nigeria’s first private special economic zone developed by Tolaram, has been described as one of the most attractive destinations for Nordic investors seeking long-term opportunities …
- EconomyGovernanceHealthInnovationScienceTechnology
Nigeria Imports 99% of Medical Devices, 70% of Medicines
Nigeria’s overreliance on imported medical products has again come under scrutiny as the Federal Government revealed that the country imports about 99 per cent of its medical devices, 70 per …