Africa’s richest man, Aliko Dangote, has seen his personal fortune grow to $29.3 billion as of August 5, 2025, according to the Bloomberg Billionaires Index. This latest ranking places him …
Economy
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FG Targets 5 Million Homes with Clean Cooking Gas by 2030
The Federal Government has revealed plans to move five million Nigerian homes to clean cooking by the year 2030 through its Liquefied Petroleum Gas (LPG) penetration programme. This was disclosed …
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Elin Air Completes First-Ever 7,800-Landing Check on Challenger Jet in Nigeria
Elin Air and Aviation Services has successfully completed a major 7,800-landing maintenance check on a Bombardier Challenger CL604 aircraft at its hangar in Nigeria. This marks the first time such …
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Conoil Records Sharp Drop in Half-Year Profit as Revenue and Costs Take a Toll
Conoil Plc, one of Nigeria’s oldest petroleum marketing companies, has reported a significant drop in its profit after tax for the half-year period ended June 30, 2025. According to the …
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UAC Records N110.4bn Half-Year Revenue, Sees 91% Rise in Underlying Profit
UAC of Nigeria Plc has announced that its revenue rose to N110.4 billion in the first half of 2025, marking a 33 per cent increase compared to the same period …
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Nestlé Nigeria Returns to Profit with N50.6bn Half-Year Gain After Heavy Loss in 2024
Nestlé Nigeria Plc has bounced back to profitability, posting a profit after tax of N50.6bn for the half-year period ended June 30, 2025. This strong recovery comes after the food …
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NGX Market Capitalisation Increases by N459bn as BUA Cement
The Nigerian Exchange Limited (NGX) continued its upward momentum on Tuesday, August 6, 2025, as the market saw renewed buying interest in major stocks. The All-Share Index (ASI) climbed by …
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N712bn MMIA Renovation Plan Sparks Debate as FAAN
The Federal Government’s decision to approve a whopping N712 billion for the renovation of the old Terminal 1 of the Murtala Muhammed International Airport (MMIA) in Lagos has sparked widespread …
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Auctioneers Group Sets Up National Task Force to Clean Up Industry
The Nigerian Auctioneers Group has taken a bold step to bring order to the auction industry by setting up a National Task Force Committee. This move is aimed at stopping …
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Shoprite Moves to Exit More African Markets Amid Economic Hurdles
Shoprite Holdings, Africa’s largest supermarket chain, is gradually winding down operations in more African countries as it shifts attention back to its core market in South Africa. According to analysts …