INSIDEBUSINESSNG

The benefits of UAC of Nigeria’s acquisition of C.H.I. Limited last year are already becoming evident, as the conglomerate’s group profit more than quadrupled year-on-year to N13.6 billion at the close of the first quarter of 2026.…

The Director of Public Prosecution (DPP), Rotimi Oyedepo, has said that the former Secretary to the Government of the Federation, Boss Mustapha and all individuals implicated alongside former Central Bank of Nigeria (CBN) governor…

NAHCO cut personnel and administrative expenses by N1 billion in the first quarter to prevent a decline in profit, as revenue losses and rising service costs led to unexpected operational pressure. The company’s financial report for the…

Nigeria's 2026 budget, initially anticipating growth from the non-oil sector has been reshaped by rising global oil prices and persistent low crude production, impacting domestic energy costs. Full deregulation, by allowing global…

Aradel Holdings Plc delivered exceptional financial performance in the first quarter of 2026, with revenue soaring 264.5 per cent year-on-year to N728.5 billion—already surpassing the company’s entire 2025 revenue of N699 billion. Gas…

Livestock Feeds Plc has returned to profitability after last year's losses, though a second consecutive year of declining sales revenue has raised concerns. The animal feed company's first-quarter profit surged 19-fold year-on-year to…

VeendHQ says its AI-powered credit platform, Vida AI, helped recover ₦69 million from a ₦172.5 million loan portfolio that was more than 90 days overdue, in a pilot that highlights the growing role of technology in loan recovery and…

The N39 billion after-tax profit of Nestle Nigeria in the first quarter quickly vanished into a massive pile of accumulated losses, and the equity gap is still large enough to wipe out the company’s earnings for at least the next two…

Total Energies Plc saw its sales revenue drop in 2026 for the second year in a row, but smart cost-cutting measures helped the company rebound to profit after wrapping up 2025 with a significant loss. The energy company bounced back from…

The International Monetary Fund (IMF) has suggested that Nigeria may need additional taxes to fund an expanded cash transfer program for vulnerable populations. This suggestion is probably informed by findings by the Fund that, despite…