International Breweries incurred a further loss of nearly N5 billion in the third quarter, which pushed up the nine-month closing net loss to N28.6 billion. The finance costs of N6.8 billion on the company’s N320 billion debts, and the 288…

Higher operating costs and an unprecedented spike in finance costs weaken the profitability outlook of Guinness Nigeria Plc in the second quarter (Q2) of the current financial year 2023, dragging its earnings per share…

The Centre for the Promotion of Private Enterprise (CPPE) has called for urgent measures to reduce production costs across the economy as Nigeria’s real Gross Domestic Product (GDP) growth accelerated to 4.43 per cent in the second quarter…

BUA Cement Plc delivered a standout performance in the first half of 2026, raising sales revenue by 25.6 per cent to nearly ₦729 billion, even as total cement production costs remained flat at below ₦302 billion. This cost-income dynamic …

Manufacturing confidence in Nigeria improved in the second quarter of 2026, but high borrowing costs and rising production expenses continue to weigh on the sector. The Manufacturers Association of Nigeria (MAN) disclosed this in its…

Honeywell Flour Mills Plc reported a robust 165 per cent surge in first-quarter earnings, reaching ₦6.95 billion, driven by strong sales growth and a significant boost in finance income. The flour milling company’s latest results rekindle…

The Centre for the Promotion of Private Enterprise (CPPE) has observed that while President Bola Tinubu’s reforms have brought some macroeconomic stability to Nigeria’s economy over the past three years, they have yet to impact many…

Learn Africa Plc forecasts a pre-tax loss of approximately ₦983.47 million for the quarter ending 30 June 2026, according to its earnings forecast. The educational publishing company said rising operating and distribution costs are likely…

Geregu Power Plc experienced higher costs in the third quarter, which consumed a significant portion of the 17 per cent revenue increase, resulting in only a slight improvement in the bottom line for the period. The power-generating company…

Finance charges are expected to claim 76 per cent of VFD Group’s operating profit forecast at N15.8 billion for the third quarter, which would keep profit well below the first quarter mark for the second quarter running.  The proprietary…