Business and economic news
Guaranty Trust Holding Company posted ₦600.9 billion profit before tax for first-half 2025, driven by growth in interest and fee income despite the absence of large fair-value gains recorded a year earlier.
Aliko Dangote has retired as Chairman and director of Dangote Cement Plc, with Emmanuel Ikazoboh appointed new board chairman as the group shifts focus to refinery, petrochemicals and fertiliser growth.
Trading on the Nigerian Exchange ended mixed on Wednesday, with Jaiz Bank and Okomu Oil Palm leading gainers while overall breadth stayed negative despite stronger volume.
BUA Cement Plc posted profit after tax of N356.04bn in 2025, up from N73.91bn in 2024, as revenue rose to N1.179trn and foreign exchange losses fell sharply.
NBS data shows Nigeria received $16.78bn in capital importation in the first nine months of 2025, but most inflows came from portfolio investments rather than long-term FDI.
Nigeria’s headline inflation rate declined slightly to 15.10% in January 2026, while food inflation dropped more sharply, according to the latest NBS CPI data.
Liberia has appointed Senior Advocate of Nigeria Dapo Akinosun as Honorary Consul in Lagos, a move both countries say will strengthen trade, consular support and broader bilateral cooperation. The appointment was conveyed in a letter signed by Liberia’s Foreign Affairs Minister, Sara Nyanti, who said
The Nigerian Independent System Operator says inadequate gas supply to thermal plants has reduced available generation to about 4,300MW, forcing load shedding as the grid struggles to meet national demand.
Mikano Motors and Autochek Africa have launched a partnership in Lagos to let buyers browse new vehicles online and apply for structured financing from banking partners.
IPMAN says it is pushing a housing drive for members nationwide, with a first phase of 1,500 units at the IPMAN/G4Tech Energy Estate along Airport Road in Abuja.
NIMASA says Nigeria is moving to finalise a national maritime decarbonisation action plan under the IMO GreenVoyage2050 project, with regulators and industry players tasked with aligning climate goals and shipping growth.
FPNG Co-Nvest Limited has crossed the 5 per cent substantial-shareholding threshold in NGX Group, a move analysts say could influence voting dynamics and long-term positioning in Nigeria’s capital market.
