HomeBusiness

Business

BUA Foods proposes record N504 billion dividend

BUA Foods proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.

Nigerian newspapers review: US warns over Christian attacks

US Congressman Riley Moore leads today's Nigerian newspapers review, warning that Christian killings in Plateau and Kaduna could damage Nigeria's relationship with the United States.

Keep exploring

FG Seeks Additional $4.4 Billion Loan as Debt Hits N101 Trillion

Nigeria anticipates fresh loans totaling $4.4 billion to fund development in energy, education, and economic reforms amidst rising national debt.

Rail Growth Reaches Two-Year High as Transport Sector Exits Recession

Nigeria's rail transport sector reaches a two-year high, signaling recovery from recession driven by investments and policy reforms

Bravura Holdings unveils Zimbabwe’s first world-class lithium upgrade facility at Victoria Falls Mining Indaba

At the Victoria Falls Mining Indaba, Bravura Holdings announces the completion of Zimbabwe's first world-class lithium upgrade facility, enhancing beneficiation capabilities.

CBN’s Naira Stabilization Efforts is Ineffective, Says Peterside

Atedo Peterside criticizes CBN’s approach to stabilizing the naira, calling for a more sustainable and market-aligned strategy as the currency hits N1500/$.

Businesses brace as Telcos’ Financial Strain Imperils Network Quality

Telecommunication companies face a mounting financial squeeze, casting a shadow over the reliability of...

Tuggar to Represent Tinubu at US Summit Due to Shettima’s Faulty Jet

After a technical issue with the presidential jet, Minister Yusuf Tuggar will represent President Tinubu at the 2024 US-Africa Business Summit in Dallas.

Wema Bank Cracks Down on Seven Fintech Partners Over Fraud

Wema Bank has suspended seven fintech partners amid rising fraudulent activities, launching an aggressive anti-fraud campaign to safeguard customer transactions and data.

Enugu Taps Tech To Drive Growth

  key points Enugu State is empowering over 3,000 youths with digital skills. ESTHUB is...

GTCO Plans $750mn Rights Issue to Meet Capital Requirements

Nigeria’s Guaranty Trust Bank (GTCO) is gearing up to raise $750 million through a...

13 Banks to Raise N3.31 Trillion, CBN Sets New Capital Rules

In response to CBN's updated capital requirements, Nigerian banks are tasked with raising N3.31 trillion, aiming to bolster financial resilience and support economic growth.

Nigerian Stocks Surge, Banking Sector Leads with N4.4 Trillion Gain

Stock investors in Nigeria saw a N4.4 trillion gain in March, led by the banking sector, amid economic reforms and turbulence in the foreign exchange market.

Nigeria Secures ¥15 Billion Japanese Grant for Agriculture Boost

The Nigerian government has secured a ¥15 billion grant from the Japanese International Cooperation Agency (JICA), earmarked for the National Agricultural scheme, aiming to enhance the agricultural sector's growth and sustainability.

Latest articles

BUA Foods proposes record N504 billion dividend

BUA Foods proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.

Nigerian newspapers review: US warns over Christian attacks

US Congressman Riley Moore leads today's Nigerian newspapers review, warning that Christian killings in Plateau and Kaduna could damage Nigeria's relationship with the United States.

Nigeria’s next-gen satellites set for 2028 launch

NIGCOMSAT Managing Director Jane Egerton-Idehen says Nigeria's satellite program has entered its execution phase, with two new satellites set for launch in 2028 and 2029.

Edun targets 7 percent annual Nigeria GDP growth

Finance Minister Olawale Edun says Nigeria is targeting 7 percent annual GDP growth and needs $14 billion yearly to bridge its infrastructure gap.