BUSINESS
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Cement Giants Post ₦1.64trn Profit as Nigerians Demand Lower Prices
Together, the three cement companies generated combined profits of approximately ₦1.64 trillion, highlighting the cement sector’s central role in Nigeria’s…
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Tinubu Appoints Taiwo Oyedele as Minister of State for Finance to Drive Fiscal Reforms
President Bola Ahmed Tinubu has nominated Taiwo Oyedele as Minister of State for Finance, marking a significant recalibration of Nigeria’s…
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Nigeria’s Net FX Reserves Jump 772% to $34.8bn – Cardoso
Nigeria’s external balance sheet has undergone one of its most dramatic recalibrations in recent history. The Central Bank of Nigeria…
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Iran Declares Strait of Hormuz Closed: Global Energy Shockwaves Begin
Iran’s declaration that the Strait is closed — accompanied by warnings that it will fire on vessels attempting passage —…
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BUA Cement Surpasses ₦1.18trn Revenue as Profit Jumps 382% in 2025
In a macroeconomic environment defined by FX volatility, energy cost pressures, and tight liquidity, the scale of BUA Cement’s earnings…
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Lilypond Export Command Records $858m Growth as Nigeria’s Non-Oil Exports Accelerate
In the fourth quarter of 2025, the Lilypond Export Command (LEXC) of the Nigeria Customs Service delivered a measurable signal…
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FAAN Appeals for Patience as ‘Go Cashless’ Programme Rolls Out in Lagos, Abuja Airports
The Federal Airports Authority of Nigeria (FAAN) has urged motorists and airport users to exercise patience and cooperate with officials…
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Customs–NIVEA Partnership Signals Stronger Crackdown on Counterfeit Trade in Nigeria
“Companies like Beiersdorf have a name to protect and are mindful of product composition, but counterfeiters don’t care and may…
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Dangote Cement Crosses ₦1 Trillion Profit as $1bn Expansion Drives 80MTPA Africa Ambition
“2025 was a landmark year as we delivered exceptional financial performance… This expansion in profitability, despite a 0.9 per cent…
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NGX Group Posts ₦15.6bn Profit as Capital Markets Enter Expansion Phase
The Nigerian Exchange Group (NGX Group) has delivered a ₦15.6 billion profit before tax for FY2025 — a result that…
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