Company Report
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MTN Nigeria invests over N32.23bn in national priorities
MTN Nigeria has solidified its position as a leading corporate social investor, committing and dedicating over N32.23billion to national priorities through its Foundation. This massive investment is strategically deployed across key sectors, primarily youth empowerment, digital inclusion, and national development, reflecting the company’s core strategy of creating shared value. The investment funds critical initiatives like the MTN Skills Academy and…
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Dangote cement leads Nigeria’s tax compliance chart for second consecutive year
For the second year consecutively, leading Africa Cement manufacturer, Dangote Cement Plc has been named as the most tax-paying compliant organization in Nigeria in 2025 by the tax authority, Federal Inland Revenue Services (FIRS). The award was bestowed on Dangote Cement during the FIRS Special Day at the just concluded 2025 Lagos International Trade Fair held at the Tafawa Balewa…
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Market value of MTN Nigeria down by N905bn in one week
The market value of MTN Nigeria Communications Plc has depreciated by N905 billion in one week amid the equities market November 2025 downward trend. WESTERNPOST gathered that the price of Nigeria Communications that closed October 31, 2025 at N520.10 per share,has depreciated by 8.3 per cent or N43.1 per share to close November 10, 2025, at N477 per share on…
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Aradel Holdings acquires 40% equity stake in ND Western
Aradel Holdings Plc has announced a binding agreement to acquire an additional 40per cent equity stake in ND Western Limited from Petrolin Trading Ltd. A corporate disclosure filed with the Nigerian Exchange Limited (NGX) revealed that the agreement was routed through its fully owned subsidiary, Aradel Energy Limited, positioning the indigenous energy group for greater dominance in crude oil and…
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Lafarge Africa achieves 63% revenue growth, N80.48bn in 9month 2025
Lafarge Africa Plc said it recorded sales revenue of N780.48 billion for the 2025 nine months period, a growth of 63per cent when compared to N479.49 billion in the corresponding period in 2024. A breakdown analysis of the results revealed that Profit After Tax for the nine months period grew from N60.08 billion in the corresponding period in 2024 to…
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Nigerian Breweries grows revenue by 48% to N1.04trn in nine months of 2025
Nigerian Breweries Plc, yesterday posted a revenue of N1.04 trillion for the nine months period ended September 30, 2025, representing a 48per cent growth over the N703 billion recorded in the corresponding period in 2024. According to the unaudited results released on Nigerian Exchange Limited (NGX), the foremost brewing company in Nigeria, declared N627 billion cost of sales in nine…
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Transcorp Power declares N32.4bn profit in Q3 2025
Transcorp Power Plc has published its third-quarter (Q3) financial statements, reporting a profit before tax of N32.4 billion, a 7.63per cent increase from N30.1 billion in the same period last year. This performance lifted profit before tax for the nine-month period ended September 30, 2025, to N91.1 billion, up 12.39per cent year-on-year, supported by strong top-line profitability. The report filed…
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Travel firm Wakanow acquires NairaBox, expands into entertainment, lifestyle sector
Africa’s leading travel technology company, Wakanow Group, has announced the acquisition of NairaBox, a fast-growing Nigerian digital platform focused on entertainment and lifestyle, marking its official expansion beyond the travel sector. The announcement, made through a statement by Heavyweight PR Agency, signifies Wakanow’s entry into the events and lifestyle space as part of its strategy to build a more integrated…
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CREDICORP named “Credit Access Company of the Year” at BusinessDay BAFI Awards
The Nigerian Consumer Credit Corporation (CREDICORP) has been named Consumer Credit Access Company of the Year at the 13th BusinessDay Banks and Other Financial Institutions (BAFI) Awards held on Saturday in Lagos. The annual BAFI Awards, organized by BusinessDay, Nigeria’s leading private-sector newspaper, celebrates excellence in banking, fintech, and financial services. The event brought together industry leaders and innovators shaping…
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NNPC clarifies reasons behind recent LPG price hike to N2,000/kg
…blames PENGASSAN By Kunle Sanni – The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Olufemi Ojulari, has explained that the recent increase in the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, was largely artificial and temporary. Speaking with journalists on Sunday night after briefing President Bola Tinubu on the…
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