Business

Naira closes week at N1,374/$, as reserves slide to $48.36bn

Nigeria's naira ended the trading week at N1,374 to the United States dollar on Thursday, extending a week-on-week depreciation amid…

2 weeks ago

LASU spends over N200m monthly on electricity — Commissioner

The Lagos State University spends more than N200 million every month on electricity, covering network bills and diesel used to…

2 weeks ago

NGX trades 4.842bn shares as market cap rises to N155.9trn in one week

Investors traded a total of 4.842 billion shares valued at N287.756 billion in 332,453 deals on the Nigerian Exchange Limited…

2 weeks ago

Airlines, ground handlers head for showdown over N9bn debt

Airline operators in Nigeria have lost over N150 billion within two months, as a deepening standoff with ground handling companies…

2 weeks ago

Stock market extends bullish rally as investors gain N3.2trn

The Nigerian stock market closed bullish on Thursday, April 30, 2026, leading to N3.266 trillion gains for investors. The positive…

2 weeks ago

Seplat Energy revenue rises to $840.7m as profit hits $37.9m in Q1 2026

Seplat Energy Plc has posted revenue of $840.7 million for the first quarter ended March 31, 2026, up from $809.3…

2 weeks ago

GTCO posts N302.9bn profit as shareholders’ funds hit N3.6trn in Q1 2026

Guaranty Trust Holding Company Plc (GTCO) reported profit before tax of N302.9 billion for the first quarter which ended March…

2 weeks ago

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 weeks 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 weeks 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 weeks ago

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