Economy
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Dangote Cement, two other cement makers generate N762.97bn profit in Q1 2026
Dangote Cement Plc and two other cement manufacturing companies in Nigeria generated N762.97 billion profit before tax in the first quarter (Q1) ended March 31, 2026. This is about 57.4 per cent increase over N484.83billion generated in the first quarter (Q1) of 2025. The remaining two companies are BUA Cement Plc and Lafarge Africa Plc. The breakdown revealed that Dangote…
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Access Holdings clarifies dividend position amid strong 2025 earnings
Access Holdings Plc has reaffirmed its commitment to long-term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the nonpayment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full Year 2025 Investors and Earnings Call, where management addressed shareholder concerns…
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Lagos revenue hits N807bn in early 2026
By Adeola Ogunrinde The Lagos State Government, in a recent report, said its 2026 first quarter budget performance showed that internally generated revenue contributed N536.37 billion, representing the largest share of earnings recorded by any state within the period. It also stated that personal income tax formed the backbone of the state’s revenue, generating N350.37 billion with taxes on bank…
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PHOTO NEWS: Shettima attends Nasarawa Investment Summit 2026
Vice President Kashim Shettima on Wednesday attended the Nasarawa Investment Summit 2026 in Lafia, where he said President Bola Tinubu’s economic reforms are “rebuilding the pillars every state depends on,” including energy reliability, fiscal balance, and tax reform. He described the Lafia Declaration as “an economic covenant” and noted that “states now have greater room to think, to build, to…
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Tinubu’s reforms rebuilding economic foundations for states, says Shettima
Vice President Kashim Shettima has said the economic reforms introduced by President Bola Tinubu are rebuilding the foundations of Nigeria’s economy and positioning states for greater independence and growth. Speaking on Wednesday at the Nasarawa Investment Summit 2026 in Lafia, Shettima said the administration’s restructuring agenda is aimed at strengthening subnational economies through fiscal reforms and increased capacity for investment.…
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Mining sector attracts $2.6bn investment — Shettima
The mining sector in Nigeria has attracted over $2.6 billion in foreign direct investment within the last 30 months, according to Vice President Kashim Shettima. Speaking on Wednesday in Abuja during the commissioning of the Kursi Group Headquarters, Shettima said ongoing reforms under President Bola Tinubu are beginning to yield measurable results. He noted that the administration has focused on…
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Ondo govt supports 100 poultry farmers with N15m grant
By Boye Oyeyemi The Ondo State Government, through the Ondo State Agribusiness and Empowerment Centre, has disbursed over N15 million to 100 poultry trainees to support the establishment of their businesses. The Chairman of OSAEC, Wemimo Akinsola, presented the cheques to the beneficiaries in Akure, marking the completion of the second batch of the “Adiye Irorun Initiative”. Addressing the public,…
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No going back to subsidies or price controls, Oyedele insists
The federal government says there will be no return to fuel subsidies or the introduction of price controls, reaffirming its commitment to market-oriented economic policies. Speaking on Tuesday in Paris, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, explained that subsidy regimes distort the economy and will not be reinstated under the current policy direction. He also…
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Tinubu meets global investors in Paris, promises policy stability
President Bola Tinubu has engaged global investors in Paris, France, outlining his administration’s economic reforms and commitment to transparency and fiscal discipline. At the meeting with top investment firms, Tinubu said his government’s reform programme is focused on removing economic distortions and stabilising key macroeconomic indicators to drive long-term growth. “The focus remains on policy stability and diligent execution to…
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Tinubu committed to inclusive, innovative development, says Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has reaffirmed President Bola Tinubu’s commitment to inclusive, sustainable, and innovation-driven national development, emphasising that this commitment is essential to achieving his administration’s ambitious vision of a $1 trillion economy by 2030. “Mr President believes that development must include everyone, be sustainable over time, and embrace innovation, because what worked yesterday…
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