Business

Nigerian Breweries Posts N1.04trn Revenue in 9 Months

temitope adebayo 26 October 2025 0

Nigerian Breweries Plc, the nation’s leading brewing company, has reported a remarkable Group Revenue of N1.04 trillion for the nine months ended September 30, 2025, a 48% increase from the N703 billion recorded in the same period of 2024. According to the unaudited financial results released

Business Top Stories

Equities Market Rebounds as ASI Adds 0.31%, Investors Gain N279bn

temitope adebayo 26 September 2025 0

The Nigerian Exchange (NGX) closed positively on Thursday, reversing losses from the previous session as the All-Share Index (ASI) advanced 0.31 per cent to settle at 141,149.04 points. The rally lifted year-to-date returns to 37.14 per cent from 36.72 per cent previously, while market capitalisation added N279.37 billion to close at N89.34 trillion. The upturn […]

Business

Stanbic IBTC Launches InvestBeta Season 2, Offers N2m Investment Prizes

temitope adebayo 26 September 2025 0

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, has launched Season 2 of its financial literacy game show, InvestBeta, with the premiere episode now streaming on the Stanbic IBTC Group’s official YouTube channel. The second season kicked off with heightened excitement as three contestants battled through three competitive rounds, rapid questions,

Business Top Stories

Nigeria Backs China’s Global Governance Plan, Targets $22bn Trade Growth

temitope adebayo 26 September 2025 0

Nigeria has endorsed China’s Global Governance Initiative (GGI), tying the move to accelerating economic opportunities, trade expansion, and infrastructure financing critical to Africa’s largest economy. The endorsement, delivered in Abuja by the Director General of the Nigeria–China Strategic Partnership (NCSP), Mr Joseph Tegbe, on behalf of President Bola Ahmed Tinubu,

Business

Otedola Expands First Holdco Stake with N2.01bn Share Purchase

temitope adebayo 26 September 2025 0

First Holdco Chairman, Femi Otedola, has strengthened his position in Nigeria’s oldest listed financial institution with fresh acquisitions worth ₦2.01 billion, boosting both his direct and indirect stakes in the group. A regulatory filing to the Nigerian Exchange (NGX) on Thursday confirmed that Otedola bought 39,313,379 units at ₦31 per share, valued at ₦1.21 billion,

Money

NIBSS Orders PTSPs to Recertify Ahead of CBN Geotagging Deadline

temitope adebayo 25 September 2025 0

The Nigeria Interbank Settlement System (NIBSS) has directed Payment Terminal Service Providers (PTSPs) to begin recertification ahead of the Central Bank of Nigeria’s (CBN) October 31, 2025, deadline for the geotagging and geofencing of all point-of-sale (PoS) terminals nationwide. NIBSS, which oversees interbank settlements, electronic funds transfer, and terminal

Money

FirstBank Unveils Inclusive Banking Services for Physically Challenged Customers

temitope adebayo 25 September 2025 0

FirstBank, Nigeria’s premier financial institution, is set to roll out specialised financial services designed to meet the needs of blind, partially sighted, and physically challenged customers across its operations. The initiative, part of the bank’s broader financial inclusion strategy, underscores its commitment to diversity, equal opportunity, and accessible banking.

Money

Rite Foods Invests In Energy Tech to Cut Emissions, Safeguard Environment

temitope adebayo 25 September 2025 0

Rite Foods Limited has intensified its investment in energy technology to accelerate the reduction of greenhouse gas emissions across its operations, reaffirming its commitment to sustainable manufacturing and environmental protection. The company pledged during a news conference at its Energy Centre in Ososa, Ogun State, to mark this year’s World Ozone Day. General

Transportation

Smuggled Cars, Soaring Costs Push Auto Sector to the Brink

temitope adebayo 20 September 2025 0

Nigeria’s automobile industry is reeling under the twin pressures of surging vehicle importation and unrelenting inflation, with stakeholders warning that the country’s dream of building a sustainable automotive hub is on the verge of collapse. Despite more than a decade of government policies aimed at boosting local production through tariffs, incentives, and assembly

Transport

How Crippling Policy Gaps Threaten Nigeria’s Auto Industry Future

temitope adebayo 20 September 2025 0

Nigeria’s automotive industry was once envisioned as a symbol of industrial pride, a sector that could create jobs, conserve scarce foreign exchange, and boost national competitiveness. That vision was given structure through the National Automotive Industry Development Plan (NAIDP), first rolled out in 2013/2014 and renewed in 2023 with fresh promises for the next decade.

Money

FCMB, Truecaller Partner to Boost Customer Trust, Digital Security

temitope adebayo 17 September 2025 0

First City Monument Bank (FCMB) has entered into a strategic partnership with Truecaller, the global trusted communication platform, to strengthen customer engagement and safeguard transactions against rising fraud and impersonation in Nigeria’s financial sector. Under the arrangement, FCMB will deploy Truecaller’s Customer Experience Solution and Branded Caller ID,

Business

Naira Appreciates to N1484 as Reserves Rise to $41.8bn

temitope adebayo 17 September 2025 0

The naira appreciated to N1484 per dollar on Tuesday at the Nigerian Foreign Exchange Market (NFEM) after breaking a key psychological barrier earlier in the week. During intraday trading, the local currency touched N1479 before closing slightly weaker at N1485, according to data released by the Central Bank of Nigeria (CBN). The sustained rebound at […]

Money

ICSAN Conference Pushes AI Integration in Governance

temitope adebayo 17 September 2025 0

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has urged stakeholders to embrace artificial intelligence (AI) as a tool for excellence and innovation in governance rather than viewing it as a threat to jobs. Speaking at a pre-conference briefing ahead of ICSAN’s 49th Annual Conference, Vice President Francis Olawale said AI should be […]

Money

Investors Lose N71bn as NGX Slides on Bank Selloffs

temitope adebayo 17 September 2025 0

The Nigerian Exchange (NGX) closed lower on Tuesday as profit-taking in tier-one banks erased N71 billion from investors’ wealth. The benchmark All-Share Index (ASI) fell by 0.08 per cent to 141,546.80 points, while the market capitalisation dropped to N89.56 trillion at the close of trading. The selloffs in Zenith Bank, UBA, Fidelity Bank, and INTBREW […]

Money

Nigeria Rallies Global Backing for IMO Council Seat

temitope adebayo 16 September 2025 0

Nigeria has intensified its diplomatic push for election into the International Maritime Organisation (IMO) Council Category C, urging member states to support its bid and reaffirming its role as a strategic maritime hub for Central and West Africa. Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, appealed in New York during the 80th Session […]

Money

NGX Lifts Suspension on Regency Alliance Insurance Shares

temitope adebayo 16 September 2025 0

The Nigerian Exchange Limited (NGX) has lifted the suspension on trading shares of Regency Alliance Insurance Plc, following the submission of its audited financial statements for the year ended December 31, 2024 and outstanding unaudited financial statements for 2025. The suspension was initially imposed due to the company’s failure to file its audited financial

Money

Customs Moves to Clear 905 Abandoned Vehicles, Cargoes to Ease Lagos Port Congestion

temitope adebayo 16 September 2025 0

The Nigeria Customs Service (NCS) has commenced the automation of its overtime cargo clearance system in Lagos, a measure expected to fast-track the evacuation of more than 905 abandoned vehicles and hundreds of stalled containers that have clogged key seaports for years. The initiative, unveiled on Monday in Zone A Commands, will cover 434 pieces […]

Money

Investors Pocket N704bn as NGX Opens Week Strong

temitope adebayo 16 September 2025 0

Equity investors gained N704 billion on Monday as the Nigerian Exchange (NGX) staged a strong rebound, lifted by renewed bargain-hunting in BUA Foods, GTCO, and Unilever Nigeria. The rally pushed the All-Share Index (ASI) up 0.82 per cent, or 1,155.32 points, to close at 141,701.01 basis points. Market capitalisation rose to N89.63 trillion, reversing losses […]

Business

Udoh Appointed Juror for 2025 International ECHO Awards

temitope adebayo 15 September 2025 0

The Divisional Director of Marketing at Marketing Edge magazine, Anietie Udoh, has added another global feather to his cap with his appointment as a Juror for the International ECHO Awards 2025. In a formal message sent by Agustina Pasos, on behalf of the ECHO Awards committee, she welcomed Udoh to the jury panel, saying: “We’re […]

Aviation

MMIA, Lagos Industrial Commands Get New Customs Controllers

temitope adebayo 15 September 2025 0

*Nwokorie, Salawu Vow Transparency, Performance, Stakeholder Engagement The Nigeria Customs Service (NCS) has effected leadership changes at two key formations, with Comptroller Chidi Nwokorie assuming duty as the new Customs Area Controller (CAC) of the Murtala Muhammed International Airport (MMIA) Command, and Comptroller Adebola Salawu taking over at the Lagos