The Federal Government has reiterated its commitment to reducing sugar imports by strengthening local production under the Nigeria Sugar Master Plan. John Enoh commended stakeholders for their roles in implementing the plan, stressing that collaboration remained key to achieving national targets. He described the infrastructure and investments at the Dangote Sugar facility in Numan as…
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded stronger revenue and remittance figures in February, driven by recent policy reforms aimed at enhancing transparency in the oil and gas sector. The company reported statutory remittances of N1.804 trillion, a sharp increase from N726 billion recorded in January. It attributed the improved performance to reforms…
Stakeholders in the insurance industry have described the NIN linkage directive as a major step toward enhancing financial inclusion and strengthening system security. Mr Segun Bankole, Deputy General Manager, Corporate Communications and Investor Relations at Sovereign Trust Insurance Plc, said the company had begun sensitising customers through direct messaging. He noted that many policyholders had…
Nigeria’s stock market is expected to remain resilient in the face of rising tensions between the United States, Israel and Iran, a leading financial expert has said. Uche Uwaleke, President of the Capital Market Academics of Nigeria, stated in Abuja on Wednesday that the market’s domestic investor base provides a strong buffer against external shocks….
Zenith Bank Plc has recorded a profit before tax (PBT) of N1.26 trillion for the year ended Dec. 31, 2025, compared with N1.33 trillion in 2024. The bank in its audited financial results, filed at the Nigerian Exchange Ltd. on Tuesday in Lagos, showed that profit after tax rose marginally to N1.04 trillion in 2025…
The Federal Government plans to disburse over N1 billion to Micro, Small and Medium Enterprises (MSMEs) under the 2026 National MSME Awards. The Senior Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, disclosed this at a media briefing in Abuja on Tuesday. Adekunle-Johnson said the awards portal would open on April…
TotalEnergies Marketing Nigeria Plc has recorded a 26 per cent drop in revenue to N767.63 billion for the year ended Dec. 31, 2025, down from N1.04 trillion in 2024.The company disclosed this in its audited financial statements released on the Nigerian Exchange Ltd. on Monday. Profit before tax recorded a loss of N12.46 billion in…
Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy has called for urgent fiscal reforms to curb illicit financial flows in Africa. Edun made the call at the opening of the fifth session of the African Union Sub-Committee on Tax and Illicit Financial Flows of the Specialised Technical Committee on Finance,…
Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, has described President Bola Tinubu’s recent visit to the United Kingdom as a turning point in bilateral relations. In a statement issued on Monday in Abuja, she said the visit reflected a strategic shift towards stronger economic and security cooperation between both nations. Tinubu and the First…
Nigerian industrialist Aliko Dangote has cautioned that escalating tensions in the Middle East could trigger oil market instability with far-reaching implications for Nigeria and African economies. He made the remarks on Monday in Lagos after visiting President Bola Tinubu to extend Eid-el-Fitr greetings and reaffirm support for the administration. Dangote said that while Nigeria is…
