Economy

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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German Rheinland-Pfalz State eyes Nigeria for production, renewables push

The German state of Rheinland-Pfalz has signalled a strategic pivot towards Nigeria as both a production base and renewable energy…

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Lafarge Africa’s pre-tax profit up 170% as revenue hits N1trn

Lafarge Africa Plc has released its results for the financial year (FY) ended December 31, 2025. The cement maker’s net…

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What the MPC’s rate cut really signals

Think of the Central Bank of Nigeria as the referee of the economy. Its job is not to score goals.…

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Nigerian Breweries: Efficiency play triggers 194% profit explosion

In its recently released 2025 financial results, Nigerian Breweries Plc (the country’s pioneer and largest brewer) demonstrated a powerful operational…

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Domestic capital replaces foreign inflows as manufacturing FDI drops to eight-year low

Foreign investment in Nigeria’s production and manufacturing sector declined to its lowest level in nine years in the first nine…

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NDL strengthens value chain as manufacturers target efficiency

Nigeria Distilleries Limited (NDL) is recalibrating its 2026 playbook to focus on distribution efficiency, supply chain coordination, and stricter commercial…

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E-Invoicing in Nigeria: 5 steps for businesses preparing for integration

Nigeria’s transition to electronic invoicing is no longer theoretical. With large taxpayers already onboarded and medium-sized businesses scheduled to go…

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Lafarge Africa recognises outstanding trade partners to propel 2026 success

Lafarge Africa Plc, an innovative building solutions company, has celebrated its 2025 outstanding trade partners, an event that also serves…

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Nigeria, Sweden strengthen bilateral ties, eye ‘bankable’ deals in energy, digital economy

The Nigerian government is deepening bilateral ties with the Republic of Sweden, with a strategic focus on transforming infrastructure, energy,…

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