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  • Tuesday, September 15, 2026

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InsideBusiness - Business News in Nigeria
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Investing

Honeywell Flour Revenue Drops N13bn on Declining Pasta Sales

INSIDEBUSINESSNG Jun 8, 2026
Due to sustained sales losses from its pasta product line, Honeywell Flour Mills Plc's turnover plunged by N12.7 billion to N260.8 billion in 2026. In 2026, pasta sales plummeted by over 60 per cent from N89 billion in 2025 to N35.7…
Top Stories

BUA Cement’s Revenue Rises 26% to ₦729bn, Despite Flat Production Costs

InsideBusiness Aug 26, 2026 0
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 …
Top Stories

Geregu Power in Difficult Year as Revenue Drops by N69bn in H1

InsideBusiness Aug 19, 2026 0
Geregu Power Plc suffered a dramatic ₦69 billion revenue collapse at half-year 2026, with turnover plunging from ₦87.6 billion in the same period last year to just ₦18.7 billion. The sharp decline underscores the company’s operating…
Top Stories

BUA Foods H1: Sales Loss Worsens, But Profit Climbs to ₦292bn

InsideBusiness Aug 17, 2026
Despite declining sales revenue in Q2 2026, BUA Foods Plc improved profits and expanded margins through aggressive cost-cutting, demonstrating disciplined management in a challenging environment. The food producer’s interim financial…
Oil and Gas

Energy Firms’ H1 Revenue Growth Masks Price, Volume, Business Mix 

TOBA ILORI Aug 17, 2026
Revenue growth across six NGX-listed energy companies in the first half of 2026 reveals that headline gains often conceal significant differences in the underlying drivers of performance. Higher sales across the group were influenced by…
Top Stories

C.H.I. Acquisition Boosts UAC Sales Threefold to ₦365bn in H1

TOBA ILORI Aug 10, 2026
UAC of Nigeria Plc is reaping the rewards of its acquisition of C.H.I. Limited, which has become the group’s key growth engine, driving a more than threefold surge in sales revenue to approximately ₦365 billion at the close of its half-year…
Companies

eTranzact Profit Drops Despite Revenue Growth

InsideBusiness Aug 7, 2026
eTranzact International Plc reported lower earnings for the first half of 2026 despite recording strong revenue growth during the period. The company's unaudited financial results showed that eTranzact profit after tax declined by 19 per…
Investing

How NAHCO Maintained Profitability Amidst Revenue Decline

INSIDEBUSINESSNG Jul 6, 2026
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…
Investing

Gas Sales Propel Aradel Holdings to N729bn Revenue Surge in Q1

INSIDEBUSINESSNG Jul 1, 2026
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…
Investing

Livestock Feeds Sales Decline Again Despite Profitability

INSIDEBUSINESSNG Jun 22, 2026
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…
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