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Presidency faults AfDB President's claims on Nigeria's GDP

Nigeria, May 5 -- The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has faulted the claim by Akinwunmi Adesina, the president of the African Development Bank (AfD... Read More


Prestige Assurance, Fidelity Bank, Beta Glass top stock pick this week

Nigeria, May 5 -- Nigeria stocks advanced by 0.3 per cent this week, riding on the generally positive first-quarter earnings reports of quoted companies to boost sentiment. It marked the second consec... Read More


UPDATED: Access Holdings' quarterly profit jumps 15%

Nigeria, May 1 -- First quarter profits at Access Holdings, Nigeria's biggest public company by assets, increased by 14.7 per cent year on year, a sharp slide from a growth rate of 121.8 per cent achi... Read More


MTN Nigeria's profit more than doubles as tariff hikes jack up revenue

Nigeria, April 30 -- A 50 per cent tariff increase in February helped boost MTN Nigeria's first-quarter profit by 134 per cent as the company gradually eases its way out of a financial distress trigge... Read More


United Capital's profit rises amidst boost in investment income

Nigeria, April 30 -- United Capital Plc's net profit for the three months to March increased 64.3 per cent compared to the figure reported a year earlier, with higher income from its asset management ... Read More


Transcorp Hotels' quarterly profit, revenue rise

Nigeria, April 30 -- Transcorp Hotels saw after-tax profit inch up by just 0.6 per cent year on year in the first quarter amid escalating operating costs, its unaudited accounts published on Tuesday s... Read More


Prescription drug boom shoots Fidson's quarterly profit 213% higher

Nigeria, April 29 -- Fidson Healthcare turned in 213.5 per cent more in profit in the first quarter of the year, compared to the same period of 2025, its financial report showed on Monday, as Nigeria'... Read More


Seplat's acquisition of ExxonMobil's onshore business helps lift quarterly profit to N35 billion

Nigeria, April 29 -- Seplat Energy's buyout of ExxonMobil's Nigeria onshore asset last year, a deal worth $1.3 billion at initial consideration, was the cornerstone on which it built its latest quarte... Read More


Wema Bank, Sovereign Trust, Red Star Express top stock pick this week

Nigeria, April 28 -- Last week, the Nigerian main stock index went up by 1.5 per cent, returning to gain after depreciating the penultimate week. Even with limited trading sessions during the week on... Read More


Nigeria slides to fourth spot on 10 African Countries by GDP 2024 list

Nigeria, April 26 -- Nigeria has plunged to the fourth position on the list of top African countries by gross domestic product (GDP), a measure of the monetary value of all finished goods and services... Read More