Nigeria’s headline inflation rate slowed to 21.88% in July 2025, a marginal decline from 22.22% recorded in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The moderation marks the lowest year-on-year inflation level since June 2024, offering tentative relief amid […]
Category: Trending
Trending News
APT Securities Projects NGX Market Cap Above ₦100tr by Year-End … Blue-Chip, Insurance Stocks Tipped for Strong 2025 Performance
Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, has projected that the Nigerian Exchange (NGX) market capitalisation will surpass ₦100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activities. Speaking at […]
Oando Shareholders Approve ₦500bn Capital Raise, Debt Conversion
Shareholders of Oando Plc have given approval to a comprehensive capital raising and restructuring plan worth up to ₦500bn, alongside the conversion of $300m in existing debt to equity, as part of efforts to strengthen the company’s financial position and drive long-term growth. The resolutions were passed at the […]
WAEC Discovers Errors in 2025 Exam Results, Advises Candidates To Recheck After 24 Hours
The West African Examinations Council (WAEC) has urged candidates of the 2025 West African Senior School Certificate Examination (WASSCE) who have previously checked their results to re-check after 24 hours. A statement signed by Ag. Head of WAEC’s Public Affairs, Yaba, Lagos, Moyosola Adesina, on Thursday, explained that a […]
Insurance Reforms Must Address Policy Complexity, Says Analyst
Financial analyst and Managing Director, Cowry Asset Management Limited, Johnson Chukwu, has called for a comprehensive simplification of insurance policies in Nigeria to boost public confidence and drive growth in the sector. He made the call during an interview on Channels Television, following the signing of the […]
UBA, Afrexim Bank Partner to Digitise African Trade Via LEO, PAPSS
United Bank for Africa (UBA) has integrated its Artificial Intelligence (AI) chatbot, LEO, with the Pan-African Payment and Settlement System (PAPSS) in a bid towards enhancing intra-African trade. The initiative launched in partnership with the African Export-Import Bank (Afrexim Bank), enables seamless end-to-end transactions across African borders in […]
Q2 2025: Nigerian Breweries Records N733.19bn Revenue
Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the same period of 2024. According to the provisional result, net profit for the second quarter of 2025 stood at […]
Seplat Energy’s H1 2025 Revenue Hits N2.17trn … Declares US 4.6 Cents Dividend Per Share for the Quarter
Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year. Its gross profit soared to N751.2bn from N247.5bn Year-on-Year. Cash generated from its operations for the period grew to […]
UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola
UAC of Nigeria Plc has announced it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited), one of Nigeria’s leading food and beverage companies, from The Coca-Cola Company. The proposed transaction, subject to regulatory approvals, marks a major milestone in UAC’s strategic growth agenda within […]
GDP Growth Unsustainable Amid Worsening Electricity Supply, Says Rewane
An economist and Managing Director of Financial Derivatives Company Ltd, Bismarck Rewane, has warned that Nigeria’s continued electricity supply crisis poses a serious threat to the country’s economic stability and long-term growth, declaring that current GDP progress is unsustainable without immediate and comprehensive reforms in the power sector. […]