Tag: #BusinessNews
-
BREWERY SECTOR BOUNCES BACK — BUT NEW COST RISKS LOOM
Nigeria’s beer industry is back in profit after years of losses — but rising costs and new taxes could spoil the party. Lagos, April 16, 2026 — Nigeria’s brewed products sector returned to profitability in 2025 after years of losses, Nigerian Breweries Plc has said, even as consumers continue to feel the pinch of inflation.…
-
NIGERIAN BREWERIES STOCK SURGES 135% TO ₦2.33TRN AS PROFIT REBOUNDS
From red ink to strong returns — Nigerian Breweries just toasted a major turnaround on the stock market. Nigerian Breweries Plc says its market capitalisation jumped by 135% in 2025, rising from ₦991.5 billion to ₦2.33 trillion. Chairperson Juliet Anammah credited the surge to economic reforms, improved investor confidence, and stronger market conditions. She said…
-
INSURANCE CASH SURGE: SECTOR RAKES IN ₦2.3BN AS OIL & GAS TAKES THE LEAD
Nigeria’s insurance industry just had a solid quarter—think of it as a financial “rainy day fund” that actually saw sunshine, pulling in billions while oil & gas and fire cover stole the spotlight. The Nigerian insurance sector recorded a strong performance in Q4 2025, with gross premium hitting ₦2.301 billion, according to the National Insurance…
-
AFRICAN EXCHANGES STORM DANGOTE REFINERY AHEAD OF IPO
Africa’s biggest capital market players are already sizing up the Dangote Refinery as momentum builds toward one of the most anticipated listings on the Nigerian Exchange Group. NGX Chairman Umaru Kwairanga led representatives from major African stock exchanges on a strategic tour of the refinery — a key step ahead of its planned Initial Public…
-
AFRICA PRUDENTIAL’S BIG YEAR: REVENUE JUMPS 38% TO N7.19BN
Despite inflation, FX volatility and rising costs, Africa Prudential Plc just posted a strong 2025 performance—boosting revenue, profits and dividends while doubling down on digital innovation. The company announced at its 13th virtual AGM that revenue surged 38.35%, rising from N5.19bn in 2024 to N7.19bn in 2025. Profit After Tax also climbed sharply to N2.72bn,…
-
NAMIBIA’S WESTAIR GROUP SLAPS FUEL SURCHARGE AS GLOBAL PRICES SPIKE
Rising global fuel costs and supply pressure are forcing airlines to adjust fares to stay afloat. Namibia’s Westair Group has introduced a fuel surcharge across its services, citing ongoing global fuel price volatility and supply disruptions affecting the aviation industry. In a statement, the company said geopolitical tensions, particularly the conflict in the Middle East,…
-
NGX RALLIES: INVESTORS POCKET N1.77TRN IN SHORT TRADING WEEK
Despite fewer trading days, the stock market surged — delivering big gains and renewed investor confidence. Nigeria’s stock market wrapped up the week on a strong note, with the Nigerian Exchange Ltd. (NGX) posting a 1.39% rise in both the All-Share Index and market capitalisation. The benchmark index climbed to 201,156.86 points, while total market…
-
MALAYSIA–NIGERIA TRADE HITS $664M AS EXPORTS SURGE 20%
Stronger ties, bigger deals — Malaysia ramps up exports to Nigeria, driven by palm oil, machinery, and booming partnerships. Trade relations between Nigeria and Malaysia are heating up, with Malaysia’s exports to Nigeria jumping by 20.7% to $664 million in 2025 — a sign of deepening economic ties. Data from the Malaysia External Trade Development…
-
NGX MARKET CAP HITS N127TRN AS INVESTORS GAIN N924BN IN A WEEK
Stocks close the week on a strong note as investors rake in massive gains on the Nigerian bourse. Nigeria’s stock market ended the week on a positive note as the All-Share Index of the Nigerian Exchange Group (NGX) rose by 0.73%, pushing market capitalisation to N127.361 trillion. The benchmark index climbed to 198,407.30 points, up…
-
LIRS SHIFTS EMPLOYERS’ TAX FILING DEADLINE TO FEB. 7
More time for businesses as Lagos tax office grants one-week extension The Lagos State Internal Revenue Service (LIRS) has given employers a short breather, extending the deadline for filing annual tax returns from February 1 to February 7. LIRS Chairman, Dr Ayodele Subair, said the move is to help employers submit accurate and complete returns,…
