BUSINESS

FG to reveal detailed breakdown of FX, subsidy savings

The Federal Government has pledged to publish a detailed account of how savings from the removal of fuel and foreign exchange subsidies have been...

BUA Foods posts N292bn as H1 profit despite revenue decline

BUA Foods Plc recorded a profit after tax of N292.27bn for the first half of 2026 despite a 16 per cent decline in revenue,...

CBN refunds N19.12bn to bank customers, resolves 90% of complaints in 2025

The Central Bank of Nigeria (CBN) resolved nearly 90 percent of complaints lodged by consumers of financial services in 2025, with refunds to customers...

Seplat Energy to sell 10% stake in joint venture to NNPC for $281m

Seplat Energy says it has signed an agreement with the Nigerian National Petroleum Company (NNPC) Limited to sell 10 percent stake in the assets...

Otedola acquires over N222bn shares in First HoldCo, now owns 26.01%

Femi Otedola, the chairman of First HoldCo, has acquired 1.77 billion shares of the financial institution through his investment vehicle, Calvados Global Services Limited. According...

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