Business

Access Holdings Plc has announced N215.92 billion profit after tax in its half year (H1) ended June 20, 2025, representing a 23.3 per cent decline from N281.33 billion reported in half year (H1) ended June 30, 2024. The listed Pan-African  financial  institution  on the  Nigerian  Exchange  Limited  (NGX) in its profit  & loss  figures declared N320.57billion profit before  tax in…

The Nigeria Civil Aviation Authority (NCAA) has affirmed its commitment to take harsher measures to address airlines’ inadequate compliance with financial regulatory requirements and duties. Captain Chris Najomo, the Director-General of Civil Authority disclosed this at the 2025 Civil Aviation Cost Recovery Optimisation Stakeholders Retreat held in Lagos Friday. Capt. Najomo, who was represented by Capt. Donald Spiff, the Director…

Access Holdings Plc has announced its half-year(H1) audited financial results for the period ended June 30, 2025. Company Secretary, Access Holdings, Mr. Sunday Ekwochi in a statement stated that the  Group’s financial results for the H1 2025, reflected the resilience of its   business model, the diversification of revenue streams, and the steady progress to the execution of our five-year strategic…

The latest data tracked by the Bloomberg Billionaires Index has revealed that Africa’s richest man, Aliko Dangote, has seen his net worth climb to $30.2 billion The figure reflects an increase of $2.25 billion year-to-date (eight per cent), supported by gains in his cement, oil, and fertilizer businesses. The Bloomberg data also shows that Dangote’s wealth rose by $89.2 million…

The Lagos Chamber of Commerce and Industry (LCCI) has expressed a concern over rising public debt profile, warning that the current pace of borrowing by the Federal Government is capable of undermining fiscal stability. In an address on the state of the economy delivered on Thursday, LCCI President, Mr. Gabriel Idahosa expressed mixed feelings over Nigeria’s economic outlook. He stated…

Nigeria has emerged as Africa’s top-performing entertainment and media (E&M) market, recording an impressive 11.2 per cent growth rate in 2024, according to the latest report by PricewaterhouseCoopers (PwC). The report, titled “Africa’s E&M Shift: Fast, Focused and Future-Ready (Perspective from the Africa Entertainment and Media Outlook 2025–2029)”, ranked Kenya and South Africa next with 7.1 per cent and 6.2…

…Strengthens Nigeria–Norway Clean Energy Collaboration In a significant stride toward deepening economic ties between Nigeria and Norway, Africa’s Global Bank, United Bank for Africa (UBA) has partnered with Renewvia Solar Nigeria to deploy renewable energy solutions across 25 UBA branches in five Nigerian states. The initiative was formalised at the official Ribbon Cutting ceremony held at the UBA Oba Akran…

By Kunle Sanni – President Bola Tinubu has congratulated Dr. Philip Mshelbila, Managing Director of Nigeria LNG Limited (NLNG), on his election as Secretary-General of the Gas Exporting Countries Forum (GECF). The election took place during the 27th Ministerial Meeting of the forum in Doha, Qatar. The President also commended the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo,…

Air Peace, is set to revolutionise travel between Nigeria and the UK with the launch of direct flights from Abuja to London’s Heathrow and Gatwick airports, starting October 26, 2025. This milestone makes Air Peace the first Nigerian airline to operate direct flights from the nation’s capital to both of London’s major airports. The direct flights will offer greater flexibility,…

Dangote Group has refuted reports circulating on social media and in some online platforms linking it to a truck involved in a road accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State. The company in a statement obtained by WESTERNPOST categorically makes it clear that the truck involved in the unfortunate incident does not belong to Dangote Group…