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Paint-maker CAP Plc reports 51% jump in annual profit to record N5.7 billion

Nigeria, March 27 -- CAP Plc, the paint-making subsidiary of UAC of Nigeria Plc, posted a 50.9 per cent increase in post-tax profit for 2025 in comparison to the preceding year, with turnover rising b... Read More


106 London properties linked to Access Holdings ex-CEO Wigwe

Nigeria, March 27 -- The man, who powered the big push that made Access Holdings West Africa's top banking institution and one of the biggest on the continent, owned 106 properties in London, which ar... Read More


How my foundation supported 24,000 entrepreneurs with over $100 million in 16 years - Elumelu

Nigeria, March 23 -- The chairman of United Bank for Africa and Transnational Corporation of Nigeria, Tony Elumelu, has said his foundation, the Tony Elumelu Foundation, has disbursed more than $100 m... Read More


UBA, NPF Microfinance Bank, Lafarge top stock pick this week

Nigeria, March 23 -- Nigerian stocks pulled off a 1.4 per cent gain this week, even as the market saw limited trading sessions on account of public holidays on Thursday and Friday, marking this year's... Read More


Nigeria floors businessman seeking refund of $159 million Paris Club debt

Nigeria, March 20 -- The United States District Court for the District of Columbia has granted a motion to dismiss an attempt by a Nigerian businessman to enforce a $159 million payment agreement agai... Read More


Nigeria reaches £746 million deal with UK to upgrade ports

Nigeria, March 19 -- Nigeria has entered an export finance deal of £746 million with the United Kingdom, aimed at modernising two of its major seaports - Lagos Port Complex and TinCan Island Port... Read More


Tinubu extols Oyedele's tax reform feats at inauguration as minister

Nigeria, March 17 -- President Bola Tinubu has glowingly applauded Taiwo Oyedele, Nigeria's new minister of state for finance, for the feats he recorded when he led a major overhaul of the country's t... Read More


NEM, Fidelity Bank, Africa Prudential top stock pick this week

Nigeria, March 16 -- Nigerian stocks advanced by 0.7 per cent last week on increased investors' interest in industrial goods stocks, taking the year-to-date yield of the benchmark index to 27.5 per ce... Read More


CBN bars big borrowers with non-performing loans from accessing additional credit from banks

Nigeria, March 13 -- The Central Bank of Nigeria (CBN) has ordered all lenders to restrict borrowers with non-performing credit, whose activities constitute systemic risk to the financial system, from... Read More


Dangote Refinery to focus on domestic fuel supply security as oil price volatility rages

Nigeria, March 9 -- Dangote Refinery has assured it will prioritise a steady, reliable supply of fuel to the Nigerian economy amid global oil market uncertainty from the US-Israel war with Iran. Afri... Read More