Business

MTN Nigeria posts N355.5bn profit, flags diesel costs as key risk

MTN Nigeria reported a profit after tax of N355.5bn for the first quarter of 2026, representing a 165.9 per cent…

2 months ago

NGX rakes in N5.6trn gain as market cap hits N152.7trn

The Nigerian stock market closed on a bullish note on Wednesday, April 29, 2026, recording a gain of N5.554 trillion…

2 months ago

BUA Foods posts N142bn profit as total assets hit N1.5trn in Q1 2026

BUA Foods Plc has recorded a profit after tax of N142.32 billion for the first quarter ended March 31, 2026.…

2 months ago

Naira appreciates against dollar at official market

The naira appreciated at the official market on Wednesday, April 29, 2026, trading at N1,379.46 against the United States dollar.…

2 months ago

Dangote refinery hikes petrol price to N1,275 amid supply disruption

Dangote Refinery has increased its ex-depot price of Premium Motor Spirit by N75 per litre, raising it from N1,200 to…

2 months ago

Foreign currency tax revenue jumps 27% to N6.33trn

Nigeria’s tax receipts denominated in foreign currency climbed to N6.33tn in 2025, driven by higher contributions from multinational companies and…

2 months ago

Stock market rebounds as investors gain N3.2trn

The Nigerian stock market revived its bullish streak on Tuesday after a one-day downturn, as investors gained N3.205 trillion. The…

2 months ago

Judges halt telecom crackdown, order MTN, Airtel to keep airtime credit services

Two Federal High Courts have ordered MTN Nigeria and Airtel Networks to halt enforcement actions that led to the suspension…

2 months ago

UAE exits OPEC, OPEC+ in major shift for global oil market

The United Arab Emirates has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the wider…

2 months ago

Stock market reverses 14-day bullish run, sheds N1.3trn

The Nigerian stock market halted its bullish rally on Monday after 14 consecutive sessions of gains, resulting in a loss…

2 months ago

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