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Transcorp Hotels' half-year profit climbs 31% to N8.7 billion

Nigeria, July 25 -- Transcorp Hotels posted a 31.2 per cent increase in net profit to N8.7 billion for the first six months of the year, compared to the same period of 2024, according to its unaudited... Read More


French media conglomerate Canal+ gets approval to acquire MultiChoice

Nigeria, July 25 -- French media conglomerate Canal+ has secured approval from South Africa's Competition Tribunal to acquire MultiChoice Group, the parent company of pay TV services DSTV and GOTV. T... Read More


Dangote Sugar's half-year loss drops by 83% amid lower finance costs

Nigeria, July 24 -- Dangote Sugar Refinery reported an 83.1 per cent drop in net loss for the first half of the year, compared to the same period of 2024, helped by a considerable reduction in finance... Read More


Airtel Africa's first-quarter profit surges by 403%

Nigeria, July 24 -- Airtel Africa's net profit for the first quarter ended 30 June 2025 climbed by 403.2 per cent to $156 million, partly driven by a 34.1 per cent increase in data revenue, its financ... Read More


Nigeria's rebased GDP remains fourth in Africa despite expansion

Nigeria, July 22 -- Nigeria's gross domestic product (GDP) stood at N372.8 trillion ($243.7 million) in nominal terms in 2024 after the statistics office altered the process for computing the size of ... Read More


Lafarge Africa reports 352% surge in half-year profit

Nigeria, July 22 -- Lafarge Africa recorded a 352 per cent leap in net profit in the first six months of the year, compared to a year ago. The leap was helped by a building construction boom in Niger... Read More


Manufacturing sector's contribution to Nigeria's GDP drops in Q1 2025

Nigeria, July 22 -- Nigeria's manufacturing sector's contribution to real Gross Domestic Product (GDP) in the first quarter of the year shrank to 9.62 per cent from 9.76 per cent a year ago, according... Read More


Lasaco, Transcorp, Access Holdings top stock pick this week

Nigeria, July 21 -- Nigerian stocks appreciated for the eighth week in a row last week, adding 4.3 per cent as increased interest in industrial goods equities drove gains. Positive sentiments around ... Read More


FG debunks report on First HoldCo's share sales involving Otudeko, Odukale

Nigeria, July 19 -- The Nigerian Government has denied its involvement in recent acquisitions of shares in First HoldCo Plc, which saw 10.43 billion shares of the financial services group, valued at N... Read More


Otudeko, Odukale exit First HoldCo, sell off stakes

Nigeria, July 17 -- Two of the top shareholders of First HoldCo Plc, Oba Otudeko and Oye Hassan-Odukale, have offloaded their stakes in the financial services group, easing the path for Femi Otedola, ... Read More