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PZ Cussons’ Volatile Earnings Plummet Profit to N2bn in Q1
PZ Cussons Nigeria Plc is grappling with the fallout from a volatile earnings pattern that has characterised its operations since 2024.
The disappearance of one-off incomes that previously multiplied profits by four and a half times has…
Nigeria’s $20bn Excess Crude Account Shrinks Below $1m — Oyedele
Nigeria’s Excess Crude Account (ECA), once a robust fiscal buffer with nearly $20 billion at its peak, has dwindled to less than $1 million, highlighting the near-total erosion of a reserve intended to shield the economy from oil price…
SERAP Sues CBN over $6.23m in ‘Missing’ Funds, ₦1.63trn
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its “failure to account for US$6.23 million in allegedly diverted or unaccounted-for election funds and over…
Subsidy Na Subsidy, President Tinubu
President Bola Ahmed Tinubu, subsidy is subsidy. Your administration says NNPC Retail will give up its profit margin on petrol sales to help ease the hardship Nigerians are facing. It has also suggested ways to keep petrol prices stable,…
Non-Core Earnings Drive Stanbic IBTC Profit as Lending Tightens
Stanbic IBTC Holdings Plc reported a shift in its earnings structure for the half-year ended June 2026, with non-core business income outpacing revenue from traditional lending and investment activities.
This marks a pivotal change in the…
Africa Credit Rating Agency Debut to Bolster Financial Architecture
The Africa Credit Rating Agency (AfCRA) has officially launched, marking a significant step towards strengthening the continent’s financial infrastructure and enhancing its capacity to deliver credible, independent analysis of African…
INEC Engages Google, Microsoft to Protect Database from Attacks
Professor Joash Amupitan, Chairman of the Independent National Electoral Commission (INEC), announced that the agency has teamed up with Google and Microsoft to safeguard its databases from cyberattacks and hacking, assuring the electorate…
Cardoso Aims More Robust Markets for Foreign Investment
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), stated that Nigeria is working on building more robust and liquid financial markets to help draw consistent domestic and foreign investment.
Cardoso, who spoke during an…
CBN Rate Cut: SMEs, Real Sector Still Face High Borrowing Costs
Despite the Central Bank of Nigeria (CBN) decision to cut the Monetary Policy Rate (MPR) to 23 per cent in September, the real sector and small and medium-sized enterprises (SMEs) still face high borrowing costs because commercial banks…
Ekiti Plans 44% of 2027 Budget for Capital Projects
Ekiti State Governor, Biodun Oyebanji, on Thursday said the state has budgeted 44 per cent or N215.06 billion, of the total N490,740.20 billion spending plan for the 2027 fiscal year on capital projects.
Oyebanji while presenting the…