Tag: #NigeriaBusiness
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LAFARGE AFRICA SMASHES N1TRN REVENUE MARK, PROFITS SOAR 173%
Strong sales, plant efficiency and cost discipline power a record-breaking 2025. Lafarge Africa Plc has crossed a major financial milestone, posting N1.07 trillion in net sales for 2025 — a 53% jump from N696.76 billion recorded in 2024. In its audited results filed with the Nigerian Exchange Limited, the cement giant reported explosive profit growth…
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INSIDER TRADING ALERT: SHAREHOLDERS DEMAND TOUGHER SANCTIONS AFTER NGX WARNING
Investor groups are pushing for harsher penalties after the Nigerian Exchange flagged three companies over insider trading violations. Shareholders’ associations are calling for stricter enforcement and tougher penalties following insider trading warnings issued by the Nigerian Exchange Limited (NGX). The exchange recently sanctioned Sterling Financial Holdings Company Plc, Mutual Benefits Insurance Plc and Austin Laz…
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LFZ GREEN CHANNEL TO BOOST PORT EFFICIENCY, CUT BUSINESS COSTS – CUSTOMS
New customs corridor promises faster cargo clearance, more jobs, and stronger port competitiveness. The Lagos Free Zone (LFZ) Green Channel, inaugurated on Wednesday at Ibeji-Lekki, is set to transform port operations in Nigeria. Comptroller-General of Customs, Bashir Adeniyi, said the initiative will make Nigerian ports more competitive, reduce business costs, and improve revenue collection. The…
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FG SWEARS IN SON BOARD TO BOOST INDUSTRIAL GROWTH
New leadership tasked with raising product standards, driving industrialisation and attracting investment. The Federal Government has inaugurated the governing board of the Standards Organisation of Nigeria (SON), signaling a renewed push to strengthen industrial growth and make Nigeria more attractive to investors. In Abuja, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said…
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NIGERIA, UAE SEAL BIG TRADE DEAL TO OPEN MARKETS AND CREATE JOBS
Big news for Nigerian exporters and investors — a new door has just been flung wide open 🇳🇬🤝🇦🇪 Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting trade, attracting investment, and giving Nigerian businesses easier access to international markets. The development was confirmed in a statement…
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UAC COMPLETES ACQUISITION OF CHIVITA|HOLLANDIA FOLLOWING FCCPC APPROVAL
Nigeria’s food and beverage giant expands portfolio with iconic Chivita and Hollandia brands. The Federal Competition and Consumer Protection Commission (FCCPC) has officially approved UAC of Nigeria Plc’s acquisition of CHI Limited, makers of Chivita and Hollandia. The transaction, announced in July and now finalized, marks a strategic step in UAC’s growth plan. CHI Managing…
