Financial Markets

Business

MTN Nigeria Records N133.7 Billion Profit in Q1 2025

MTN Nigeria declares N133.7 billion profit in Q1 2025, ending its loss streak; service revenue surges with strong data performance and increased investments.

30 April 2025

Business

Seplat Energy Records N1.23 Trillion Revenue in Q1 2025

Seplat Energy reports a massive jump in Q1 2025 revenue to N1.228 trillion, driven by production growth, Mobil acquisition, and strong financial performance.

29 April 2025

Business

Guinness Nigeria Reports N6.7 Billion Profit for Nine Months

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.

28 April 2025

Business

UBA to Raise ₦144.8 Billion For Capital Requirement And Global Expansion

UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.

27 April 2025

Business

FG Targets N900bn–N1.2trn from Domestic Bonds in Q2 2025

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.

24 April 2025

Business

Naira Holds Firm Against Euro Despite Global EUR/USD Surge

Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market

21 April 2025

Business

Foreign Investors Raise Caution Over Oil Risks and Market Barriers

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.

19 April 2025

Business

Nigeria Unveils Strategic Palm Oil Revival Plan Amid Rising Investments

Nigeria’s palm oil sector is set for a major revival with a new strategic plan targeting 1.5 million hectares, increased investments, and a roadmap to reduce the nation’s import dependence and create jobs.

16 April 2025