Business/Finance

First HoldCo profit crashes by 92% after writing off N748bn bad loans

The profit of First HoldCo Plc has crashed by 92 percent after the parent company of First Bank of Nigeria…

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Private sector raises alarm over rising tax pressures, demands reforms

The Organised Private Sector of Nigeria has called for urgent economic and regulatory reforms, warning that mounting tax and regulatory…

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Access Bank to convene global trade leaders in Cape Town for Africa Trade Conference 2026

Access Bank Plc has announced plans to host the second edition of the Africa Trade Conference (ATC 2026), a high-level…

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Four banks risk forced merger, downgrade as recapitalisation deadline nears [FULL LIST]

As Nigeria’s banking sector hurtles toward the Central Bank of Nigeria’s (CBN) recapitalisation deadline, four lenders — Union Bank, Keystone…

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Nigerians consume beer, other alcoholic beverages worth N1.54trn in nine months

•Some beer brands commonly consumed in Nigeria   Major listed brewers in Nigeria generated a combined revenue of over N1.54tn…

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Dangote outlines new strategy to drive Africa’s economic expansion, industrial development

Dangote Industries Limited (DIL) has announced an ambitious Vision 2030 strategy aimed at fast‑tracking Africa’s industrialisation, strengthening economic self‑sufficiency, and…

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Ebonyi govt defends new factory option, accuses Ibeto of frustrating Nigercem revitalization efforts

Preliminary facts have continued to emerge, explaining why Nigeria’s first indigenous premium Cement factory, Nigercem, has continued to remain moribund…

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Banks pay 2.7% interest on savings, charge 60% for loans – CBN 

Bank customers are paying 60 per cent maximum lending rates for loans and getting maximum of 2.7 per cent interest…

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BCG appoints Majekodunmi, Osakwe-Okoye as Managing Directors and Partners in Lagos

Boston Consulting Group (BCG) has announced the appointment of Olayinka Majekodunmi and Phillipa Osakwe-Okoye as Managing Directors and Partners in…

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Osun govt institutes criminal action against United Bank for Africa, directors for alleged withholding of LG allocation fund

Osun State government has instituted a criminal action against United Bank for Africa (UBA) Plc and three of its top…

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