- Economy
VAT grows by 10.7% QoQ to N2.28trn in Q3 2025, says NBS
The National Bureau of Statistics (NBS) on Tuesday disclosed that Value Added Tax (VAT) in third quarter (Q3) 2025 stood at N2.28 trillion, showing an increase of 10.66per cent on a Quarter-on-Quarter (QoQ) basis from N2.06 trillion in Q2 2025. According to the latest , the local payments stood at N1.12 trillion, while the foreign VAT Payments were N680.23 billion,…
Read More » - Perspectives
El-Rufai’s travails, by Kola Amzat
After President Tinubu inauguration into office in 2023, there exists no doubt that the Commander-in-Chief was hell-bent to reward Mallam Nasir El-Rufai for his efforts in canvassing support for the president’s victory at least in Kaduna, and in a few other locations in the North West geo-political zone, even despite El-Rufai’s well documented insolence against the president in the past.…
Read More » - Business
Access Bank, other Nigerian banks well-positioned to meet 2026 Eurobond maturities, says Fitch
Fitch Rating has said a significant improvement in the Nigerian banking sector’s foreign-currency (FC) liquidity has reduced the refinancing risks associated with $1.7 billion of bank Eurobonds that mature or are callable in 2026. The international rating agency said it expects strong foreign exchange inflows into Nigeria to continue to support the sector’s FC liquidity coverage. Fitch Rating noted that…
Read More » - Economy
Appeal court rejects N38.9bn judgment against CBN in Paris Club refund dispute
The court of appeal sitting in Abuja has set aside a N38.9 billion judgement previously awarded against the Central Bank of Nigeria (CBN) in a long-running dispute over consultancy fees linked to the Paris Club refund. In a unanimous decision delivered on February 20, the appellate court overturned the earlier ruling of the federal high court, which had entered judgement…
Read More » - Economy
BREAKING: Nigeria’s GDP grows by 4.07% in Q4 2025, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 4.07per cent (year-on-year) in real terms in the fourth quarter (Q4) 2025. According to the latest GDP report by NBS, the growth rate is higher than the 3.76per cent recorded in Q4 2024. NBS noted that, “During the quarter under review, agriculture grew…
Read More » - Business
MTN Nigeria declares N1.7trn profit in 2025
MTN Nigeria Communications Plc has released its audited 2025 financial results for the period ended December 2025, posting a strong turnaround. According to the report filed on NGX, the telecom giant reported a record N1.70 trillion in 2025, compared to a pre-tax loss of N550.3 billion in 2024. The performance reflects a return to profitability following significant FX losses in…
Read More » - Business
Equities market drops by N515bn to sustain downward trend
The equities market section of the Nigerian Exchange on Thursday sustained its bearish trajectory with market capitalization declined by N515 billion. The Nigerian Exchange Limited All Share Index (NGX ASI) lost by 802.39 points or .41 per cent to close at 193,567.81 basis points. Also, market capitalisation shed N515 billion to close at N124.239 trillion. Market breadth was bearish, with…
Read More » - Business
Lebara targets stronger digital connectivity architecture in Nigeria
Lebara Nigeria said its entry into the country is not merely about joining a competitive telecoms market but about strengthening Nigeria’s digital connectivity architecture and expanding international connectivity options for Nigerians at home and in the diaspora. Chief Executive Officer of Lebara Nigeria, Mrs Teniola Stuffman, said the company’s global footprint uniquely positions it to enhance connectivity across borders, linking…
Read More » - Company Report
Lafarge Africa hits N1.1trn revenue milestone in 2025
Lafarge Africa Plc, a leading provider of innovative and sustainable building solutions and manufacturer of premium cement brands, has announced a revenue milestone of N1.1 trillion in 2025, representing a 53per cent surge from N696.8 billion recorded in the corresponding period of 2024. Following a review of the results, the company recorded an increase in Profit After Tax (PAT) which…
Read More » - Business
Dangote Refinery to supply 65m litres of petrol daily
The Dangote Petroleum Refinery has agreed an offtake agreement with 12 major and independent oil marketers to distribute between 60 and 65 million litres of petrol daily across the country. The move, which is a landmark agreement in the downstream sector of the oil industry, is expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency. This arrangement was disclosed in…
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