BUA Foods’ stable growth in sales revenue lost the track in the first quarter but the company’s management hammered costs to keep profit climbing.  While sales revenue closed almost 11 per cent down to N394 billion, the food producing…

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…

Transcorp saw its turnover fall by around N19 billion in the first quarter, dropping from about N144 billion in the same period last year to N125 billion by the end of March 2026. Even so, the company’s management took steps to safeguard…

Guinness Nigeria Plc managed to ease ongoing operating pressure in the first quarter by making a significant cut in interest expenses, helping it to avoid a drop in profit. The company’s bottom line was set to decline, but a significant…

Nigeria’s external financial position weakened in 2025 as its Balance of Payments (BoP) dropped sharply, reflecting declining oil revenues, reduced foreign portfolio inflows, and rising external obligations, according to new data released…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported an increase in Nigeria’s crude oil and natural gas production for January 2026, even as the company’s overall revenue dropped sharply during the same period. Details…

Nigeria’s Value Added Tax (VAT) earnings remained broadly stable in the second quarter of 2025, with the Federal Government recording ₦2.06 trillion in receipts, according to the latest sectoral VAT distribution report…

Julius Berger Plc is against the general trend of foreign exchange gains and losses that have shaped corporate earnings outcomes since 2023. The past two years have seen the construction firm record huge net foreign exchange gains, while…

The removal of the price advantage that enabled cross-border product smuggling, and the price hike that has reduced the frequency of domestic customers at petrol stations, appear to be hurting oil companies, as exemplified by the decline in…

UAC of Nigeria Plc shows a segment analysis paradox in which a tiny revenue line, accounting for one per cent of turnover, contributed N9.3 billion of the closing pre-tax profit of N25.5 billion in 2024. The company’s head office, which…