Economy

eTranzact Reports ₦30.6 Billion Revenue as Profit Drops to ₦2.47 Billion

eTranzact International Plc reported a mixed financial performance for the year ended December 31, 2025 with revenue rising modestly but…

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GTCO Profit Declines to ₦865.75 Billion as Earnings Pressure, Cost Growth Weigh on 2025 Performance

Guaranty Trust Holding Company (GTCO) reported a decline in profit for the financial year ended December 31, 2025, as rising costs,…

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Zenith Bank, Ford Foundation Honour 19 Women for Community Impact

Zenith Bank Plc, in partnership with the Ford Foundation, has honoured 19 women across Nigeria for their exceptional contributions to…

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Nigeria Targets Faster Trade Clearance With National Single Window Rollout, Port Upgrade Plan

Nigeria has launched Phase 1 of its National Single Window (NSW) initiative as part of a broader reform strategy to…

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Unilever Nigeria Plc Profit Rises 113% to ₦32.2 Billion in FY 2025

Unilever Nigeria Plc reported a strong financial performance for the year ended December 31, 2025 with profit for the year…

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Banks in Last-Minute Race to Meet CBN Recapitalisation Deadline

Nigerian banks are accelerating efforts to strengthen their capital base as the Central Bank of Nigeria’s recapitalisation deadline approaches. With…

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Unity Bank Exceeds ₦200 Billion Capital Threshold as Merger With Providus Nears Completion

Unity Bank Plc has moved above the Central Bank of Nigeria’s minimum capital requirement for a national banking licence following…

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Container Shortage Threatens Nigeria’s $44bn Export Sector

Nigeria’s export sector is facing renewed pressure as a shortage of shipping containers disrupts cargo movement through key ports, raising…

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Nigeria Signs £746 Million Deal With UK to Revamp Key Lagos Ports

Nigeria has secured a £746 million financing agreement with the United Kingdom to overhaul critical port infrastructure in Lagos, a…

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Dangote Refinery Sees Surge in Demand as Iran War Disrupts Global Fuel Supply

Africa’s energy market is undergoing a major shift as rising geopolitical tensions in the Middle East force countries to rethink…

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