- Economy
Equities market rebounds, advances by N3.2trn
The equities market section of the Nigerian Exchange Limited (NGX) rebounded strongly on Tuesday, as the overall capitalization advanced by N3.2 trillion to cross above N147 trillion, reversing the previous session’s losses and restoring bullish sentiment. The All-Share Index rose by 4,977.51 basis points or 2.23 per cent, to close at 228,579.80 basis points. Similarly, the overall market capitalisation value…
Read More » - Business
Ecobank declares N270bn profit in Q1 2026
Ecobank Transnational Incorporated Plc on the Nigerian Exchange Limited (NGX) has released its unaudited group financial results for the quarter (Q1) ended March 31, 2026 According to the released results, the Group’s profit before tax grew by 1.1 per cent YoY to N270.3 billion in Q1 2026, compared to N267.3 billion in Q1 2025. Profit after tax grew faster at…
Read More » - Economy
Data, airtime credit dispute threatens N400bn market, says ALTON
The Association of Licensed Telecoms Operators of Nigeria (ALTON) has called for the urgent resolution of the regulatory dispute affecting Nigeria’s airtime credit market, warning that the ongoing disruption, despite existing court orders, poses risks to consumer welfare, investor confidence, and regulatory stability in the telecoms sector. This was made known by the association’s Chairman, Gbenga Adebayo, noting that the…
Read More » - Economy
Petrol price rises to N1,288 per litre in March 2026, says NBS
The National Bureau of Statistics (NBS) has revealed that petrol and diesel prices surged to N1,288.54 per litre and N1,648.08 per litre in March 2026, respectively to reflect inflationary pressure on transport fuels. NBS in its latest Premium Motor Spirit and Diesel Price Watch reports stated that the average price of petrol rose significantly on a monthly basis, while diesel…
Read More » - Perspectives
That Ibadan summit of political vultures, by Kola Amzat
On Saturday, April 25, the nation’s political vultures converged again in Ibadan. Their desire is continual political relevance after they’ve individually been displaced by the younger, creative and better-skilled political masters in PDP, NNPP and even, in the ruling party-APC. The Agenda for converging in Ibadan remained the same–forge a common front by presenting a sole presidential candidate that would…
Read More » - Economy
Women’s empowerment is critical to Nigeria’s economic growth, says Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has made a strong case for women’s empowerment, arguing that it’s critical to Nigeria’s economic growth. Delivering his keynote address at the World Bank Group’s Women Empowerment Policy and Jobs Forum in Abuja on Tuesday, the minister emphasised the critical role of women in driving the country’s economic growth, saying they…
Read More » - Economy
IWD 2026: FG rolls out financing, procurement reforms to boost women-owned businesses
The Federal Government has outlined policies and financial market reforms aimed at tackling the persistent barriers facing women-owned businesses, particularly limited access to credit, markets, and long-term capital. Speaking at the grand finale of the “Give to Gain” Summit in Abuja to mark the 2026 International Women’s Month, Monday, the Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim,…
Read More » - Business
UBA explains 2025 dividend decision, reaffirms strong recovery outlook for 2026
United Bank for Africa (UBA) Plc on Monday provided clarity on its 2025 financial performance and the decision not to declare a final dividend, following comments by its Group Managing Director/Chief Executive Officer, Oliver Alawuba, during a television interview. Addressing investor concerns, Alawuba emphasized that UBA’s dividend track record remains strong, underpinned by consistent double-digit yields in recent years. The…
Read More » - Company Report
Nigerian Breweries reports N55.95bn profit in Q1 2026
The Board of Directors of Nigerian Breweries Plc has announced a Profit After Tax of N55.95 billion for the three-month period ended March 31, 2026, representing a 25.6per cent increase over the N44.55 billion recorded in the corresponding period in 2025. The company also recorded eight per cent revenue growth, with revenue rising from N383.64 billion in Q1 2025 to…
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We’re building resilient economy for Nigerians, says Deputy Governor, CBN
The Central Bank of Nigeria (CBN) has said it is strengthening efforts to build a resilient economy capable of supporting the aspirations of Nigerians. The CBN Deputy Governor for Corporate Services, Ms Emem Usoro, made this known at the weekend in Ikot Akpadem, Mkpat Enin Local Government Area of Akwa Ibom State, following her conferment with an honorary Doctor of…
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