Economy

Fidelity Bank Gross Earnings Surge to N1.52 Trillion as Profit Settles at N242.4 Billion in 2025

Fidelity Bank Plc reported gross earnings of N1.52 trillion for the 2025 financial year, representing a strong increase from N1.04…

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First HoldCo Director Acquires 2.56 Million Shares Worth N177.9 Million

First HoldCo Plc has disclosed that Anil Dua, a Non-Executive Director of First Bank of Nigeria Limited, acquired 2,558,259 ordinary…

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CBN Warns States Against Excessive Borrowing Amid Inflation Targeting Push

The Central Bank of Nigeria (CBN) has cautioned state governments against excessive dependence on overdrafts and short-term debt facilities as…

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Access Holdings Explains 2025 Dividend Suspension Despite ₦1.01 Trillion Profit Growth

Access Holdings Plc has clarified the reason behind its decision not to pay dividends for the 2025 financial year despite…

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Ecobank Plans International Tier 2 Nature Notes Offering to Refinance $350 Million Debt

Ecobank Transnational Incorporated has announced plans to raise fresh capital from the international debt market through the proposed issuance of…

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First HoldCo Posts ₦267.8 Billion Q1 Profit as Comprehensive Income Rebounds to ₦170.2 Billion

First HoldCo Plc reported a strong start to the 2026 financial year after profit for the period rose to ₦267.8…

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Dangote Targets $100 Billion Annual Revenue From Industrial Expansion

Aliko Dangote has projected that the expanding operations of Dangote Group could generate up to $100 billion in annual revenue…

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Access Holdings to Reduce Foreign Subsidiary Stakes as CBN Caps Offshore Equity Exposure

Access Holdings Plc is preparing to reduce its ownership interests in some foreign subsidiaries following a new regulatory directive from…

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Nigeria Spends More on Debt Repayment Than It Earns, Report Shows

Nigeria spent more on debt servicing than it generated in revenue in the first quarter (Q1) of 2025, highlighting the…

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Nigeria Records $925.84m Exports as Trade Activity Accelerates in Q1

Nigeria’s export segment opened 2026 on a stronger footing with outbound trade approaching the $1 billion mark in the first…

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