- Business
Q1 2026: Nigerian Breweries declares 14.9% growth in profit
Nigerian Breweries Plc on Thursday declared 14.9 per cent increase in profit before tax to N80.4 billion in the first quarter (Q1) ended March 31, 2026 from N69.99 billion reported in the first quarter ended March 31, 2025. The multinational company closed Q1 2026 with a revenue increase of 7.7 per cent to N413.02billion from N383.98 billion in Q1 2025.…
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BUA Cement sustains revenue growth by 22.1% to N355bn in Q1 2026
BUA Cement Plc. has announced the release of its first quarter 2026 unaudited financial statements, reporting a 22.1 per cent increase in revenue to N355 billion from N290.8 billion in the corresponding quarter ended March 2025. In addition, profit before tax increased by 93.2per cent to N192.7 billion (Q1’2025: N99.7 billion), with profit after tax up by 117.4 per cent…
Read More » - Economy
Africa’s capital surges 25% to $2trn in 2025, says AFC
Africa Finance Corporation’s (AFC) has said Africa’s institutional capital pool grew by 25 per cent to over $2 trillion in 2025, but the continent continues to face challenges in financing critical infrastructure projects. The latest “State of Africa’s Infrastructure Report” released in Nairobi highlights a growing disconnect between rising capital reserves and the continent’s ability to channel funds into productive…
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Unilever Nigeria sustains double-digit growth momentum in Q1 2026
Unilever Nigeria Plc has announced its unaudited financial results for the first quarter ended March 31, 2026, delivering a 26per cent increase in revenue to N59.2billion, compared to N46.9 billion in the same period last year. Operating profit rose by 39per cent to N11.5 billion, up from N8.3 billion in the prior year, while net profit increased by 26per cent…
Read More » - Economy
Stocks: Investors transact N4.15trn in Q1 2026, says NGX
Foreign and domestic investors’ transactions closed in the first quarter (Q1) 2026 at N4.15 trillion on the Nigerian Exchange Limited (NGX), about 86 per cent increase over N2.23 trillion in the first quarter (Q1) 2025. According to the latest “domestic & foreign portfolio participation in equity trading” report of the NGX, domestic investors still outperformed Foreign Portfolio Investments (FPIs) amid…
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FAAC: FG, states , LGAs share N2.04trn in March 2026
The Federation Account Allocation Committee (FAAC) has shared N2.036 trillion among the Federal Government, states and local government councils for March 2026. The revenue was distributed at the April FAAC meeting held in Abuja. The allocation reflects monthly earnings from statutory sources, VAT and augmentation funds shared across the three tiers of government. FAAC’s communiqué showed that total distributable revenue…
Read More » - Perspectives
Why Amupitan must remain resolute, by Kola Amzat
Since 1979 when Nigeria embraced democratic government up till the turn of 4th Republic in 1999, the assignment of INEC Chairman has always been a difficult and onerous one. Perhaps, the most problematic assignment after that of the president is the job of INEC helmsman. In every election cycle, they’ve always been there-avowed enemies of the democratic order, recruited and…
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Access Holdings faults unauthorized 2025 financial highlight
Access Holdings has distanced itself from a circulating “financial highlight” linked to its 2025 audited statements, stating that the summary was shared on social media by an unauthorized source ahead of the official release. The company clarified that its audited financial statements remain under regulatory review by the CBN, although they have already received approval from the Securities & Exchange…
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Oando Foundation joins industry leaders to advance private sector action on education financing in Nigeria
Oando Plc through its independent charity, Oando Foundation, participated in a high-level private sector roundtable convened by the Federal Ministry of Education (FME). This event, supported by the Global Partnership for Education (GPE), an international organization dedicated to ensuring quality education for children, particularly in developing countries, aimed to strengthen private-sector engagement in advancing Nigeria’s education priorities. The roundtable provided a…
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Unity Bank, experts advocate green investment, climate innovation to drive economic resilience
Unity Bank Plc, alongside leading climate innovation experts, has called for increased investment in the green economy and the adoption of frontier technologies as critical pathways to driving economic resilience and reducing the impact of climate change on vulnerable populations across Africa. The call was made during a thought-provoking webinar hosted by the Bank to commemorate this year’s Earth Day,…
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