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 …
Markets
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AgricultureBusinessCorporate EarningsEconomyManufacturingMarkets
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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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FinanceManufacturingManufacturing & Consumer GoodsMarketsNigeriaRegional Cooperation
Cadbury Nigeria Returns to Profit with N10.2bn in H1 2025 After Previous Loss
Cadbury Nigeria Plc has bounced back to profitability, posting a profit of N10.2 billion for the first half of 2025, a strong reversal from the N9.7 billion loss it recorded …
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EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
NNPC Reduces Petrol Price to N900 Just 48 Hours After Hike
Barely two days after increasing the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has again slashed the price at its retail stations, …
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BusinessEconomyFinanceInternationalINVESTMENTMarkets
DeVere CEO Urges Investor Diversification Amid Uncertainty
In a strong warning to investors, the Chief Executive Officer of deVere Group, Mr Nigel Green, has advised global investors, especially those heavily invested in the United States, to urgently …
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BusinessEconomyFinance & ServicesManufacturing & Consumer GoodsMarketsNigeria
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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BusinessCapital MarketEconomyFinance & ServicesMarkets
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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Business and EconomyFinance & ServicesInternationalMarkets
Turkish Stock Market Closes Lower Amid High Trading Volume
The Turkish stock market ended Tuesday’s trading session in the red, as the country’s main index, the BIST 100, fell by 0.52% to close at 10,487.25 points. This drop came …
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AgricultureBusinessEconomyManufacturingMarketsNigeria
Dangote Sugar Returns to Profit with N430bn Revenue in H1 2025
Dangote Sugar Refinery Plc (DSR) has announced a strong recovery in its financial results for the first half of 2025, recording a revenue of N430.21 billion, representing a 45.53% increase …
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Banking, Finance & InvestmentFinance & ServicesMarketsNigeriaWestern Africa
Moody’s Upgrades Outlook on Ecobank Group
Global credit rating agency Moody’s Investors Service has affirmed the ratings of Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, and changed its outlook to stable from negative, …