Business

Dangote Cement Plc has reported its full year ended December 31, 2025 result and accounts with a revenue of N4.31 trillion, about 20.3 per cent increase over N3.58trillion reported in 2024.   From the profit & loss figures, the company posted a profit before tax of N1.53 trillion,  representing an increase of 109.2per cent from N732.54 billion reported in 2024 financial…

The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s broad money supply (M3) dropped to N123.36 trillion in January 2026, compared to N124.4 trillion recorded in December 2025. M3, comprises currency in circulation outside banks, demand deposits, savings and time deposits, as well as foreign currency deposits. The month-on-month decline indicates a slight moderation in overall liquidity conditions at…

The Nigerian Exchange Limited (NGX) has issued warning letters to 12 companies for violating listing rules, including insider dealing during closed periods and the unauthorised publication of announcements. The regulatory move was published in its X-Compliance report covering the 2025/2026 cycle on Monday. The X-Compliance report is a transparency initiative of the NGX Regulation Limited (NGX RegCo), designed to maintain…

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…

President Bola Tinubu has welcomed the official launch of Lebara Nigeria, describing the development as a strong endorsement of Nigeria’s growing digital economy and its position as a leading technology and investment destination in Africa. In a statement issued on Saturday, by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the entry of Lebara into Nigeria’s…

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…

The Federal Competition and Consumer Protection Commission (FCCPC) has identified patterns of price manipulation by some domestic airlines during the December 2025 festive period, raising concerns about consumer exploitation and competition in Nigeria’s aviation sector. In an interim report released on Thursday, the Commission’s Department of Surveillance and Investigations said its analysis showed ticket fares during the festive peak were…

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…

In a strategic move to modernise Nigeria’s public service, the National Information Technology Development Agency (NITDA) has concluded a specialised digital capacity-building programme for the Federal Character Commission (FCC), donating 35 laptops to support its transition from manual processes to a data-driven oversight model. The initiative is aimed at promoting transparency and equitable representation across Ministries, Departments and Agencies (MDAs)…

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…