GTCO Shareholders Applaud Unprecedented N12.76 Dividend
Shareholders of Guaranty Trust Holding Company Plc (GTCO) have expressed strong approval for the company’s…
GTCO Shareholders Applaud Unprecedented N12.76 Dividend
Shareholders of Guaranty Trust Holding Company Plc (GTCO) have expressed strong approval for the company’s management, celebrating the declaration of a landmark dividend of N12.76 per share for the 2025 fiscal year. This figure represents the highest dividend payout in Nigeria’s banking industry. During the company’s 5th Annual General Meeting (AGM), investors lauded the Group’s…
Ibukun Awosika Steps Down from Cadbury Nigeria Board
Cadbury Nigeria Plc has officially announced the departure of its esteemed director, Mrs. Ibukun Awosika, from the company’s board of directors. The resignation is slated to be effective May 1, 2026. In a formal notification submitted to the Nigerian Exchange Limited and the broader investing community on Wednesday, Cadbury Nigeria detailed the resignation. The company…
Optimus Bank Achieves Significant Growth in 2025, Profit Before Tax Surges 70%
Optimus Bank Limited, a rapidly expanding commercial bank in Nigeria, has announced impressive audited financial results for the fiscal year ending December 31, 2025. The bank demonstrated robust expansion in key performance metrics, underscoring the effectiveness of its operational framework. Gross earnings experienced a substantial uplift of 73.53%, reaching ₦50.67 billion, a notable increase from…
Ex-Skye Bank Boss, Tunde Ayeni in EFCC Net Over Alleged N36bn, $30m Financial Irregularities
The Nigerian financial landscape is abuzz following the detention of Tunde Ayeni, a prominent figure and former chairman of the now-defunct Skye Bank Plc. The Economic and Financial Crimes Commission (EFCC) has reportedly apprehended Ayeni, a seasoned businessman, in Abuja. Sources close to the anti-graft agency confirm his arrest on Thursday, signaling a significant development…
Nigeria Implements Ban on 17 Imported Goods
The Nigerian government has officially prohibited the importation of seventeen categories of goods, a move detailed in a circular issued by the Minister of Finance, Wale Edun, on April 1, 2026. This directive, part of the nation’s 2026 fiscal strategies and tariff adjustments impacting 127 items, primarily targets products originating from non-ECOWAS nations. Among the…
FG Urged to Slash Import Duties on Buses and Waive VAT to Combat Rising Transport Costs
In a bid to alleviate the escalating cost of transportation for Nigerians, the Centre for the Promotion of Private Enterprise (CPPE) has implored the Federal Government to implement a significant reduction in import duties on mass transit buses, bringing the rate down to 5%. Furthermore, the CPPE advocates for a complete waiver of Value Added…
Nigeria Experiences Inflation Surge in March
Nigeria’s economic landscape saw a notable uptick in inflation during March 2026, with the headline inflation rate climbing to 15.38 percent. This marks an increase from the 15.06 percent registered in the preceding month of February. The National Bureau of Statistics (NBS) released the figures today, indicating that on a monthly comparison, the nation’s inflation…
Nigeria Fuel Import Debate Deepens Over Dangote Refinery and World Bank Advice
A fresh debate has reopened Nigeria’s downstream oil sector as conflicting views collide over imports and local refining. The argument, tied to Nigeria fuel import policy debate 2026, has pulled in global finance voices and local industry heavyweights. Pressure began after the World Bank suggested Nigeria could benefit from more fuel imports to ease prices….
Nigerian Stock Market Kicks Off Week with Substantial Gains
The Nigerian stock market experienced a positive start to the trading week, as investor confidence surged, leading to an impressive N443 billion increase in market value. This upward trend was fueled by renewed buying interest across a spectrum of prominent stocks. The market capitalization saw a healthy rise of 0.34 percent, climbing from N131.165 trillion…
Oil Prices Tumble Amidst Trump’s Ceasefire Announcement with Iran
In a surprising turn of events that sent shockwaves through the global energy markets, crude oil prices experienced a dramatic plunge, falling significantly below the $100 per barrel mark. This steep decline occurred on Wednesday morning during early Asian trading sessions, immediately following President Trump’s announcement of a conditional two-week ceasefire agreement with Iran. As…
