SECTORS

SEC Warns Bloggers, Influencers Against Promoting Unregistered Investments

The Securities and Exchange Commission (SEC) has issued a stern warning to celebrities, bloggers and social media influencers against promoting unregistered investment schemes, as the regulatory body intensifies efforts to protect investors under the newly enacted Investments and Securities Act (ISA) 2025. The…

23 hours ago

Top Five Nigerian Banks Gross N17.3 trillion, Grow Profit by 60%

Despite prevailing macroeconomic challenges, the top five Nigerian banks have posted a combined profit before tax (PBT) of N5.1 trillion for the 2024 financial year, a 59.4 per cent increase from N3.2 trillion recorded in 2023. The top five banks – First HoldCo,…

23 hours ago

DHL To Stop Global Shipments Worth Over $800 To US Consumers

Global shipping giant DHL will “temporarily” suspend the shipping of parcels worth more than $800 from businesses to individuals in the United States as of Monday, the company said, citing delays in US customs clearances. “As a result of recent US Customs regulatory…

2 days ago

PwC Withdraws From Nine Sub-Saharan African Countries

PricewaterhouseCoopers said it has shut down its offices in nine Sub-Saharan African countries. It listed Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo, Republic of Congo, Republic of Guinea, and Equatorial Guinea as countries affected. In a statement published on its…

4 days ago

Dangote Slashes Petrol Ex-Depot Price, Now ₦835

For the second time in the month of April, Dangote Petroleum Refinery and Petrochemicals has again reviewed its ex-depot (gantry) loading cost of petrol to ₦835 per litre. The $20bn Lagos-based refinery informed its marketers and customers of the slash on Wednesday. An official…

17/04/2025

VFD Returns to Profitability, Posts N4.5 Billion Revenue

VFD Microfinance Bank has reported a significant 39.8 per cent increase in revenue, rising from N3.2 billion in 2023 to N4.5 billion in 2024. The impressive growth is accompanied by a remarkable turnaround in profitability, with the bank posting a profit after…

15/04/2025

InfraCredit Secures MOBILIST Investment, Goes Public With NASD Listing

InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, has announced the successful equity investment by the UK Government-backed MOBILIST programme, alongside other institutional investors, further strengthening its institutional shareholder base following the completion of its equity private placement. This strategic investment, it said…

15/04/2025

Afriland Properties Delivers 51% Growth in Profit, Declares N865.5m Dividend

Afriland Properties Plc has delivered another year of outstanding financial results, reinforcing its reputation for consistent growth and value creation amid a challenging economic climate. For the financial year ended December 31, 2024, the company recorded a Profit Before Tax (PBT) of N3.7 billion,…

15/04/2025

UBA Unveils Upgraded PoS Terminal, Redefines MONI App

United Bank for Africa (UBA) Plc has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empower small and medium-scale enterprises across Africa. The upgraded platforms form part of…

14/04/2025

FG Signs $329m Deal With Chinese Firm To Boost Power Supply

The Federal Government has signed a $328.8 million contract with Chinese firm, China Machinery Engineering Corporation (CMEC), to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative (PPI). The agreement covers Engineering, Procurement, Construction, and Financing (EPC+F)…

10/04/2025

SECTORS

SEC Warns Bloggers, Influencers Against Promoting Unregistered Investments

Top Five Nigerian Banks Gross N17.3 trillion, Grow Profit by 60%

DHL To Stop Global Shipments Worth Over $800 To US Consumers

PwC Withdraws From Nine Sub-Saharan African Countries

Dangote Slashes Petrol Ex-Depot Price, Now ₦835

VFD Returns to Profitability, Posts N4.5 Billion Revenue

InfraCredit Secures MOBILIST Investment, Goes Public With NASD Listing

Afriland Properties Delivers 51% Growth in Profit, Declares N865.5m Dividend

UBA Unveils Upgraded PoS Terminal, Redefines MONI App

FG Signs $329m Deal With Chinese Firm To Boost Power Supply

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