By Taiye Olayemi The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as TOFRO.COM (Tofro). The commission raised the alarm in a notice issued on Thursday and made available to newsmen. The commission warned Nigerians against falling for their tactics to obtain money from themContinue Reading
By Ginika Okoye Four banks have posted N979.77 billion as Profit Before Tax (PBT) for the first quarter of 2025 ended March 31. The News Agency of Nigeria (NAN) correspondent, who monitored banks’ quarter I unaudited financial statements posted on the Nigerian Exchange Group (NGX) platform, reveals that all theContinue Reading
By Taiye Olayemi The Nigerian Exchange Group (NGX) has announced a profit of N2.1 billion for the first quarter of 2025. The Exchange disclosed this in its unaudited financial statement released on Wednesday. This represents an increase compared to the N1.34 billionContinue Reading
By Taiye Olayemi Nestlé Nigeria has reported a 61 per cent revenue growth of N294.9 billion in first quarter of 2025. This is compared to N183.5 billion reported for the first quarter of 2024. The companyContinue Reading
By Diana Omueza Mr Adegboyega Oyetola, the Minister of Marine and Blue Economy, says Nigeria has successfully surmounted port challenges and ports are now attracting major container carriers and generating revenue for the country. Oyetola said this on Wednesday in Abuja while receiving members of Study Group 4, Senior ExecutiveContinue Reading
By Okeoghene Akubuike Sen. George Akume, Secretary of the Government of the Federation(SGF), has inaugurated the Nigeria Procurement Certification Portal to standardise and professionalise procurement certification in Nigeria. Akume, represented by Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, inaugurated the portal in Abuja on Wednesday.Continue Reading
By Taiye Olayemi The Federal Ministry of Industry, Trade and Investment (FMITI) has partnered with the Nigerian Exchange Group (NGX Group) to achieve its ambitious $6 billion investment target. In a statement signed on Tuesday by Mr Adebayo Thomas, Director, Press and Public Relations of theContinue Reading
By Taiye Olayemi Guinness Nigeria Plc says it is prioritising increased connection, purpose and impact, especially following the recent change in majority shareholding and as it celebrates its 75th anniversary. Its Managing Director, Mr Girish Sharma, who disclosed the focus in a statement on Tuesday in Lagos,Continue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) has given all businesses operating in Nigeria a six-week ultimatum to comply with the registration requirements of the Companies and Allied Matters Act (CAMA), 2020. The Commission, in a circular issued on Tuesday in Abuja, said that after the ultimatum, it wouldContinue Reading
By Vivian Emoni The Nigeria Export Promotion Council (NEPC) says it distributed 4,633 hybrid seedlings to farmers across the country. Dr Nonye Ayeni, Director-General of the NEPC, disclosed this while presenting the First Quarter Progress Report on the non-oil export performance for 2025. AyeniContinue Reading
