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…

For millions of Nigerians who rely on road transport to get to work, school, markets, and business destinations, the promise of cheaper mobility has yet to become reality across much of the country.   The first days of October present a…

International Breweries Plc has returned to borrowing, and high finance costs and income tax expenses have impacted the half-year profit. After shareholders bailed out the company from a huge debt overhang and foreign exchange losses in…

Manufacturing inventories across sectors listed on the Nigerian Exchange Limited, NGX, reached about N1.77 trillion as companies entered the second quarter of 2026. Financial Vanguard findings show that combined inventories rose 10.6 per…

With the 2027 general elections coming up in the first quarter of the year, economic challenges like the rising cost of living, unemployment, and insecurity are expected to take centre stage in political discussions. As Nigerians prepare…

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…