Last week, President Bola Ahmed Tinubu approved the implementation of a fresh 15 % import duty on petrol (fuel) and diesel. Nigerians will be forced to bear the burden when the policy goes into full effect in the upcoming weeks…
Naira’s Strongest Month Since January: FX Recovery and $43.17B Reserve Growth The Nigerian Naira (₦) closed October 2025 at ₦1,427.5 per U.S. dollar in the official market, marking its best monthly performance since January. This strong showing represents a significant…
Champion Breweries 9M 2025: Analyzing 1,661% Profit Growth Despite Q3 Loss Join our WhatsApp Community Champion Breweries Plc has delivered a striking performance for the nine months ended September 30, 2025, recording a pre-tax profit of ₦3.14 billion. This figure…
Zenith Bank 9M 2025: Analyzing N917.4B Profit, Interest Income Surge, and PAT Decline. Join our WhatsApp group Zenith Bank Plc has delivered a powerful yet complex set of financial results for the nine months ended September 30, 2025. While the…
Fuel Price Surge: New 15% Import Duty and NNPCL’s Last-Ditch Refinery Review Nigeria is facing another potential hike in fuel prices following the recent approval of a 15% ad-valorem import duty on Premium Motor Spirit (PMS), or petrol, and diesel.…
NNPCL Refineries: Why Nigeria Is Reassessing Viability After Billions Spent. Join our WhatsApp Community The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a critical shift in its long-troubled refinery strategy, initiating a detailed technical and commercial review of…
President Bola Tinubu’s request to borrow $2.35 billion to cover a portion of the 2025 budget deficit has been approved by the House of Representatives. Tinubu’s request to issue a $500 million debut sovereign sukuk in the international capital market…
CAP Plc Lifts Q3 2025 Profit to N1.17 Billion on Strong Paint Sales: Driving Growth in Nigeria’s Coatings Market. Join our WhatsApp Community Chemical and Allied Products Plc (CAP Plc), Nigeria’s leading paints and coatings manufacturer, has delivered an exceptional…
Nigerian banks have taken over and placed Nestoil Limited under receivership over alleged debt amounting to $1 billion. On October 22, 2025, a federal high court in Lagos issued a Mareva ruling allowing First Trustees and its subsidiary, FBNQuest Merchant…
Dangote Cement Posts Record $743bn Profit Despite Flat Volumes in 9M 2025 Dangote Cement Plc (DANGCEM) has reported a phenomenal nine-month result for the period ending September 30, 2025, with Profit After Tax (PAT) surging by $166.3\%$ to a record…
Harmony Gold Completes $1.01 Billion MAC Copper Acquisition: Patrice Motsepe’s Strategic Copper Play South Africa’s largest gold producer, Harmony Gold, has finalized the acquisition of MAC Copper Limited, the owner of the high-grade CSA Copper Mine in New South Wales,…
Debating Nigeria’s Trajectory: A Macro-Economic Analysis of the “Turn Towards Prosperity” Wale Edun’s narrative, “Nigeria turning towards prosperity,” presents a compellingly optimistic case for the country’s economic direction, anchored in the bold, foundational reforms initiated by the Tinubu administration. From…
$1.3 Billion Chinese Lithium Flood: Nigeria’s Solid Minerals Sector Booms from ‘Mine to Market’ Policy. Join our WhatsApp community The Investment Surge: $1.3 Billion in Lithium Processing Minister of Solid Minerals Development, Dr. Dele Alake, has disclosed that Chinese firms…
Nigeria’s financial services landscape is undergoing a quiet revolution. With over 1.5 million agents now active across the country and mobile money transactions climbing by more than 1,500 % between 2021 and 2025, the digital payments wave is reshaping how…
‘Massive Win’: Nigeria Kicks FATF Grey List! Fintech CEOs Cheer Cheaper, Faster Cross-Border Payments. Join our WhatsApp community The Great Escape: Nigeria Sheds the ‘High-Risk’ Label Nigeria has officially exited the Financial Action Task Force (FATF) grey list, ending nearly…
