Guinness Nigeria Plc has bounced back to profitability, posting a net profit of N16.2 billion for the financial year ended 2025. This marks a sharp turnaround from the previous year’s …
Nigeria
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BusinessEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsNewsNigeria
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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, …
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DevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaPolicies
Nigeria Revenue Service Gets Legal Backing to Borrow Funds, Retain 4% of Non-Oil Revenue Under New Tax Act
The Federal Government has given the newly established Nigeria Revenue Service (NRS) the legal power to borrow funds from any source and retain 4 per cent of the total non-petroleum …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
Nigeria Liability Insurance Pool Reports 118% Growth in Net Surplus for 2024
The Nigeria Liability Insurance Pool (NLIP) has announced a significant financial performance for the 2024 fiscal year, posting a net surplus of ₦708.24 million, a 118 per cent increase from …
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Arts & CultureBusinessEntertainmentMarketsNigeria
Guinness Becomes Gold Sponsor of Big Brother Naija Season 10, Promises Bold Cultural Showcases
Guinness Nigeria has been announced as a Gold Sponsor for the 10th edition of Big Brother Naija, Africa’s most-watched television reality show. The brewing company made the declaration in a …
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BusinessFinance & ServicesMarketsNigeriaZenith Bank
Afrinvest Launches Sharia-Compliant Halal Fund as Demand for Ethical Investments Grows in Nigeria
Afrinvest, one of Nigeria’s leading investment banking and asset management firms, has launched a Sharia-compliant mutual fund, the Afrinvest Halal Fund, to tap into the growing demand for ethical and …
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Banking, Finance & InvestmentEconomyEntrepreneurshipNigeriaTechnology
Fidelity Bank to Equip 100 Nigerian Entrepreneurs with Free Digital Toolkits for Business Growth
Fidelity Bank Plc has announced a major empowerment initiative targeting 100 entrepreneurs across Nigeria, as part of efforts to accelerate the digital transformation of small and medium-scale enterprises (SMEs) nationwide. …
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Nigeria’s financial sector, which includes banks, insurance companies, and other financial institutions, contributed a total of N1.77 trillion to the country’s economy in the first quarter of 2025, according to …
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BusinessDevelopmentEconomyGOVERNMENTNigeria
FRC, LCCI, and Centre for Business Integrity Launch Push for Good Governance in Nigeria’s 40 Million MSMEs
The Financial Reporting Council of Nigeria (FRC) has joined forces with the Lagos Chamber of Commerce and Industry (LCCI) and the Centre for Business Integrity (CBi) to promote corporate governance …
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CryptocurrencyDigital EconomyFinance & ServicesInnovationNigeriaTechnology
SEC Declares Nigeria Open for Stablecoin Business
The Securities and Exchange Commission (SEC) has officially declared Nigeria open for stablecoin business, with a strong emphasis on compliance, regulation, and innovation. Speaking at the Nigeria Stablecoin Summit held …