Lagos, Nigeria | September 18, 2025 Zenith Bank Plc has reported a pre-tax profit of ₦625.63 billion for the half-year ended June 30, 2025, representing a 13.95% decline year-on-year compared to the ₦726.95 billion posted in the same period of 2024. The bank’s post-tax profit also dipped by 7.93%, closing at ₦532.18 billion against ₦577.84
Lagos, Nigeria | September 18, 2025 United Bank for Africa (UBA) Plc has reported a pre-tax profit of ₦388.4 billion for the half-year ended June 30, 2025, representing a 3.3% drop from the ₦401.5 billion recorded in the same period of 2024. Despite the marginal decline, the bank maintained a strong earnings performance, buoyed by
Yola, Nigeria | September 18, 2025 Governor Ahmadu Umaru Fintiri has unveiled new agricultural programmes aimed at expanding food production, creating jobs, and strengthening Adamawa State’s agribusiness sector.The initiatives include a soybean cultivation project in Demsa Local Government Area, undertaken in partnership with Aluvia Agriculture under the Agribusiness Support Programme (ADAS). The pilot scheme covers
Lagos, Nigeria – September 18, 2025 Seplat Energy Plc has disclosed plans to divest a 10% interest in its joint venture with the Nigerian National Petroleum Company Limited (NNPC), known as the NNPC/SEPNU JV. Upon completion, Seplat’s stake in the venture will decrease to 30%, while NNPC’s ownership will increase to 70%. Seplat will continue
Abuja, Nigeria – September 18, 2025 Maryamu Idris has been officially appointed as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC). She will continue her role as Managing Director of NNPC Trading Limited while representing Nigeria on OPEC’s Economic Commission Board (ECB). In this capacity, Idris will contribute to technical deliberations,
Abuja, Nigeria | September 18, 2025 Nigeria has recorded its highest-ever revenue distribution as the Federation Accounts Allocation Committee (FAAC) shared a total sum of ₦2.225 trillion among the three tiers of government for August 2025. According to the FAAC communiqué issued after its meeting in Abuja, the gross federation revenue for the month stood
Lagos, Nigeria | September 18, 2025 Regency Alliance Insurance Plc has disclosed that it paid N3.14 billion in claims during the first half of 2025, a sharp rise from N916.79 million recorded in the same period of 2024.According to the company’s unaudited financial statement, gross premium income increased by 63.8% to N6.15 billion, while net
Lagos, Nigeria | September 17, 2025 The naira continued its upward push on Tuesday, strengthening further at the official market as analysts projected the currency could test the ₦1,440/$ level in the coming days. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the naira closing at ₦1,484 per dollar, building on a recent
Lagos, Nigeria | September 17, 2025 Private depots in Lagos and nearby coastal areas were largely deserted on Monday following the commencement of direct petrol sales by the Dangote Petroleum Refinery to oil marketers. The move, analysts say, is set to significantly reshape the landscape of Nigeria’s downstream oil sector. Industry sources confirmed that marketers
Abuja, Nigeria | September 17, 2025 The Nigerian government has set a target of attracting at least $100 billion in investments each year to achieve middle-income status by 2050. The announcement was made by Atiku Bagudu, Minister of Budget and National Planning, during a policy dialogue organized by the National Institute for Legislative and Democratic
