Nestle Nigeria posts wider loss of N165bn on naira weakness
Nestle Nigeria, a major fast-moving consumer goods company, has reported an annual loss for the second time in 2024 largely
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Economics
Nigeria’s economy grows at faster pace in 2024
Nigeria’s economy expanded by 3.4 percent last year, compared to a growth rate of 2.74 percent in 2023, new official
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Nigeria inches closer to first census in 19 years
Nigeria took a step closer on Monday to conducting a new national population and housing census with biometric and digital
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Nigerian manufacturers breathe easier as FX scarcity eases
By Mary Adenike The scarcity of foreign exchange in Nigeria is gradually easing as more manufacturers reported an improvement in
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Dangote: IBB asked five Nigerians to pay N1m each for oil blocks
The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said on Thursday that Ibrahim Badamosi Babangida, former head
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Nigerian drugmakers’ fortunes improve on forex stability, waivers
By Mary Adenike Some major Nigerian pharmaceutical companies reported an improvement in their financial performance for 2024 largely due to
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Dangote poised to double capacity of Ethiopian cement plant
Dangote Group is on track to double the production capacity of its cement plant in Ethiopia to 5 million tonnes
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IMF sees Nigeria’s per capita income hitting three-year high in 2026
By Mary Adenike Nigeria’s average income is projected to rise to the highest in three years in 2026, a situation
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Number of Nigerians securing Canadian PR rises 17% ahead of immigration cuts
By Mary Adenike The number of Nigerians who became immigrants in Canada rose by 16.6 percent last year as the
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Thomas Wyatt Nigeria diversifies into toilet paper production
Thomas Wyatt Nigeria, a paper conversion and printing company, says it has introduced a new line of business toilet paper
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