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Firms brace for lower profits amid high energy costs

Several Nigerian businesses are bracing for lower-than-expected first-quarter profits over rising energy…

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6 Min Read

Cash-strapped Nigeria’s desperation shows with $1.25bn Eurobond sale

Nigeria’s urgent need of cash was evident Thursday as Africa’s top oil…

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3 Min Read

Nigeria’s economy unravels at worst time ahead elections

Aliko Dangote, chairman and chief executive of Dangote Group, Nigeria’s largest company,…

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9 Min Read

First Zenith, now GT, Nigeria’s largest banks cut dollar spending limit

Nigeria’s largest banks are reducing the amount that customers can spend on…

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2 Min Read

Nigeria’s relevance waning among foreign investors

The old saying among foreign investors that “if you are not in…

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7 Min Read

No Nigeria, no problem: Shoprite’s profit jumps despite exit

Shoprite Holdings Ltd.’s exit from Nigeria and some other African markets to…

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4 Min Read

Nigeria’s biggest firms earn most in seven years

Nigeria’s largest firms posted their biggest combined profit in seven years in…

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7 Min Read

Petrol subsidy: Civil servants risk months of unpaid salaries

Nigerian government workers are likely to feel the pinch of declining federal…

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2 Min Read
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