LivingTrust Mortgage Bank Reports N1.01bn Profit in 2025, Driven by Strong Earnings Growth
LivingTrust Mortgage Bank Plc has posted a profit after tax of N1.01 billion for the year ended December 31, 2025,…
Day: January 22, 2026
Nigeria’s Insurance Assets Surge to N4.619 Trillion as Industry Shows Resilience
Nigeria’s insurance sector has reached a historic milestone, with total assets soaring to N4.619 trillion by the end of Q2…
Nigeria’s Cooking Gas Imports Drop to 13% as Domestic Production Rises
Nigeria is increasingly relying on local production for its cooking gas needs, with imports falling to just 13% of total…
Danish $1.2bn Investment Boosts Nigerian Ports and Maritime Sector
Nigerian ports are set to receive a major boost following a $1.2 billion investment from Denmark, announced by the Ambassador…
Sugar Tax Could Threaten Nigeria’s Manufacturing Sector, Warns CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has raised concerns that the proposed sugar tax on sugar-sweetened non-alcoholic…
PETROAN Urges Clear Timeline for Nigeria’s Refineries After $4 Billion Spent
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government and…
Fuel Taxes Push KRA Revenue Past Target in December 2025
Kenya Revenue Authority (KRA) closed December 2025 on a high note, exceeding its monthly revenue target, thanks largely to a…
Nedbank Eyes 66% Stake in NCBA to Expand Its East Africa Presence
South Africa’s Nedbank Group, one of Africa’s largest banks, is set to expand its footprint beyond Southern Africa with a…
Ghana Chamber of Mines Urges Review of Mining Fiscal Plan to Boost Investment
The Ghana Chamber of Mines has urged the government to rethink its proposed mining fiscal framework, emphasizing the need to…
CBN Urges Nigerian Banks to Act Faster Against Rising Digital Fraud Threats
The Central Bank of Nigeria (CBN) has called on banks and financial institutions to take faster and more coordinated action…
Naira Mid-Week Update: Official Rate Holds at N1,423/$ While Parallel Market Hits N1,486/$
The Nigerian naira maintained relative stability at the official foreign exchange market mid-week, closing at N1,423/$ on Wednesday. This follows…
Apple Reportedly Developing AI Wearable Pin to Rival OpenAI Hardware
Apple is reportedly stepping up its game in the AI hardware race, with a new wearable device rumored to resemble…
Nigeria Produces 554 Million Barrels of Oil in 2025 as Daily Output Hits 1.63 mbpd
Nigeria’s crude oil and condensate production totaled 554.4 million barrels in 2025, according to the Nigerian Upstream Petroleum Regulatory Commission…
Economist Warns: New Sugar Tax on Soft Drinks Could Hurt Nigeria’s Economy
The Centre for the Promotion of Private Enterprise (CPPE) has raised serious concerns over proposals to introduce additional taxes on…
Dangote Refinery Gains Global Edge as European, US Refinery Shutdowns Tighten Fuel Markets
The recent closure of refineries across Europe and North America has reshaped global fuel supply, offering Nigeria’s Dangote refinery an…
Global Investors Wary as Trump Threatens Greenland Takeover, Markets React
Global investors are treading cautiously as markets reacted to renewed geopolitical tensions sparked by US President Donald Trump’s controversial Greenland…
NGX Records N6.88bn Growth as Equities Show Modest Gains Amid Positive Market Sentiment
The Nigerian Exchange Limited (NGX) ended Wednesday’s trading session on a positive note, posting a modest market growth of N6.88…
CBN Sells N1.15tn Treasury Bills as Investors Eye Rising Yields
The Central Bank of Nigeria (CBN) is set to auction N1.15 trillion worth of Treasury bills in its second auction…
Yuletide Rush: Nigerians Spent N1.58 Trillion on Petrol in December 2025 — NMDPRA Report
Nigerians spent an estimated N1.58 trillion on petrol in December 2025, highlighting the heavy cost of fuel during the peak…
Davos: Nigeria can capture global supply chains, says Okonjo-Iweala
Nigeria has a rare opportunity to plug into global supply chains if it deliberately courts investors and positions itself as…
EU Freezes US Trade Talks After Trump Revives Tariff Threats
The European Union has suspended negotiations on a proposed trade deal with the United States following renewed tariff threats by…