Nigeria’s Forex Market Liquidity Plunges 46% This Week
Liquidity in Nigeria’s foreign exchange market slumped by 46 percent this week, data from securities exchange FMDQ shows. The total
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Economics
Nigeria’s Biggest Brewer Swings to N99bn Profit After Two Years of Losses
The Nigerian Breweries has reported a profit after tax of N99.10 billion for 2025, compared with a loss of N144.88
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Frigoglass Hands Over Beta Glass to Helios Investment Partners After €100m Deal
Frigoglass Group has announced the successful completion of the sale of its Nigerian glass business to Helios Investment Partners (acting
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UAC Profit Hits Three-Year Low on N21bn Chivita, Hollandia Acquisition
UAC of Nigeria Plc saw its profit fall to the lowest level since 2022 last year, weighed down by hefty
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EBRD Supports Access Bank With $100m Facility in First Sub-Saharan Africa Investment
The European Bank for Reconstruction and Development (EBRD) has launched its first investment in Nigeria’s and the first in the
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Meet the 5 Powerful Women on Cadbury Nigeria’s Female-Dominated Board
Five of the seven members of Cadbury Nigeria’s board of directors are women. They are Folake Ogundipe, interim managing director;
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Afreximbank Cuts Credit Rating Ties With Fitch Months After Downgrade
The African Export-Import Bank (Afreximbank) has terminated its credit rating relationship with Fitch Ratings, more than seven months after a
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BUA Cement, Dangote’s Biggest Rival, Eyes Additional 3 Million Tonnes in Expansion Push
BUA Cement, Nigeria’s second-largest producer of the building material after Dangote, is looking to expand its production capacity by 3
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Tinubu Says New Tax Laws Will Take Effect as Planned Despite Alleged Changes
President Bola Tinubu has said the new tax laws, including those that took effect on June 26, 2025, and the
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Egypt Joins Forces with Afreximbank to Create Pan-African Gold Bank
The Central Bank of Egypt (CBE) and African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) for the
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