Guinness Nigeria posts a N6.7 billion profit after tax for the nine months ending March 2025, marking a strong recovery fueled by strategic growth and robust revenue gains.
UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.
The FCCPC Tribunal has upheld a $220 million fine against Meta and WhatsApp for data privacy breaches affecting Nigerian users
Nigerian banks generated N8.41 trillion from customer loans in 2024, marking a 106% increase driven by CBN’s tight monetary policy and higher lending rates.
Nigeria plans to raise between N900bn and N1.2trn in Q2 2025 via domestic bonds, signaling a shift in debt strategy amid inflation and a N13.08trn budget deficit.
IMF forecasts Nigeria’s inflation to average 26.5% in 2025 following CPI rebasing, with renewed pressure expected in 2026 may spike to 37.0%.
Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.
Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
First Holdco Plc reports N781.88 billion pre-tax profit for 2024, with 125% growth. Femi Otedola increases shareholding to 11.8%. Gross earnings hit N3.21 trillion.
