Economy

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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GTCO Shareholders Approve ₦12.76 Dividend, Elect New Directors at 2026 AGM

Guaranty Trust Holding Company Plc has secured shareholder approval for a final dividend of ₦11.76 per 50 kobo ordinary share,…

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Access Holdings Q1 Profit Rises to ₦216.54 Billion as Impairment Charges Surge, Earnings Quality Remains Under Pressure

Access Holdings Plc reported a profit after tax of ₦216.54 billion for the first quarter ended March 31, 2026, representing…

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