Economy

NGX Group reports N15.6bn FY’25 profit

… declares N3 dividend, 1 for 3 bonus issue Nigerian Exchange Group Plc (NGX Group) had released its audited results…

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Transcorp profit surges 44% to N136bn, share price up 21.15% YtD

…crosses N1trn total assets milestone first time in history Transnational Corporation Plc has released its audited Full Year 2025 results…

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Nigeria moves toward automatic tax assessment as enforcement intensifies

Nigeria is shifting from a self-assessment tax regime to an automated system in which authorities validate returns against independently sourced…

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Transcorp Group PBT hits N179.5bn in FY 2025

Transnational Corporation Plc reported record full-year 2025 results with profit before tax rising to N179.5 billion, reflecting stronger operating performance…

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Nigeria tightens royalty deductions, raising foreign firms’ taxes

Nigeria is tightening its rules on royalty payments, a move that could raise the tax bills of foreign companies operating…

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Nestlé Nigeria likely to resume dividend on return to profitability

Nestlé Nigeria Plc is looking to resume dividend payment “soon”, marking the first time in three years after the consumer…

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Naira pares gains as CBN buys dollars to tame rally

The naira’s recent surge showed signs of cooling in the official foreign-exchange market after the Central Bank of Nigeria (CBN) stepped in…

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Lafarge Africa declares 600 kobo dividend as profit jumps 173%

Lafarge Africa Plc has proposed a final dividend of 600 kobo per 50 kobo ordinary share for the year ended…

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Nigeria needs stronger monetary transmission to unlock gains of monetary easing — CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Central Bank of Nigeria’s (CBN) shift toward…

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IBEDC unveils strategic direction, announces new core investor

Ibadan Electricity Distribution Company (IBEDC) is set to inject funds into redundant hydro power plants to bring them back to…

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