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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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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FCMB Group Grows Assets to N7.4tn, Reports N32.2bn Profit in Q1 2025
FCMB Group Plc has recorded strong growth in its banking and non-banking operations, closing the 2024 financial year with total assets of N7.1 trillion. As of March 31, 2025, the …
- 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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Nigeria’s bond demand declines amid rate hike worries
Investor interest in Federal Government of Nigeria bonds has dropped, as concerns about rising interest rates and high inflation continue to affect decisions in the financial markets. According to the …
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adbury Nigeria Bounces Back with N5.97bn Profit in Q1 2025
Cadbury Nigeria Plc has returned to profitability with a strong N5.97 billion profit after tax for the first quarter of 2025, marking a major turnaround from the N7.32 billion loss …
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Equatorial Guinea, Congo, and Burkina Faso Make Economic Moves to Attract Global Attention
Equatorial Guinea has caught the interest of international investors after securing an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, a notable achievement for the small oil-rich Central African …
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Nigerian Stock Market Gains N228bn as International Breweries, Cadbury Lead Rally
The Nigerian stock market opened the week strong on Monday, April 29, 2025, with investors witnessing a continued bullish trend. The market capitalisation rose by N228.48 billion as investors took …
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Transcorp Hotels Grows Revenue by 52% in Q1 2025, Hits N21bn
Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc, has announced a major leap in revenue for the first quarter of 2025. The company recorded N21 billion in revenue, marking …
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Guinness Nigeria Bounces Back with N6.7bn Profit in Nine Months
Guinness Nigeria Plc has bounced back into profitability, posting a profit after tax of N6.72 billion for the nine months ended March 31, 2025. This is a major turnaround for …