The Nigerian National Petroleum Company Limited has signed a new agreement with Chinese partners in a fresh attempt to revive the country’s struggling refineries, while also reporting improved financial performance.
Samsung Electronics has reported a sharp 43 per cent increase in first-quarter revenue, reaching â‚©133.9 trillion, its highest quarterly performance on record, even as some business units struggled with weak
BUA Foods Plc has reported a profit after tax of N142.32 billion for the first quarter ended March 31, 2026, marking a 14 per cent increase compared to N125.28 billion
President Bola Tinubu has doubled down on his administration’s tax reforms, arguing that Nigeria’s old system was too weak, scattered, and inconsistent to support real economic growth. Speaking on Tuesday
BUA Foods Plc reported revenue of N1.77 trillion for the financial year ended December 31, 2025, representing a 16 percent increase from N1.53 trillion recorded in 2024. The company disclosed
The Nigerian Electricity Regulatory Commission (NERC) says electricity distribution companies generated N207.49 billion from customers in December 2025. According to the regulator, the country’s 11 electricity distribution companies billed consumers
The Federal Government will continue to borrow despite a historic rise in its revenue inflows, Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, said on Tuesday. Speaking
The Federation Account Allocation Committee (FAAC) on Wednesday announced that ₦2.225 trillion was distributed among the Federal Government, 36 states, and the 774 local government councils for August 2025, reflecting
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