Business Archives - Green Horizon News

GTCO Posts N603bn Profit, Proposes N1 Dividend

September 30, 2026

Guaranty Trust Holding Company Plc, GTCO, recorded N603.03 billion in profit before tax for the first half of 2026, while proposing a dividend of N1 per share. The financial performance was supported by growth in interest and trading income, which increased by 7.5 percent and 24.7 percent year-on-year respectively. However, the stronger operating performance was...

Forex Inflow Rises 36.5% to $33.76bn in Five Months

September 30, 2026

Nigeria recorded a 36.5 percent year-on-year increase in net foreign exchange inflow in the first five months of 2026, reaching $33.76 billion from $24.72 billion during the same period in 2025. The increase came as the Central Bank of Nigeria continued efforts to improve liquidity, deepen the foreign exchange market and encourage inflows through official...

Stock Market Loses N1.9tn as Investors Take Profit

September 14, 2026

The Nigerian stock market recorded N1.9 trillion in losses last week as investors intensified profit-taking across major sectors. The sell-off reversed the strong performance recorded on the Nigerian Exchange Limited, NGX, during the previous week, when investors gained N3.73 trillion. Selling pressure was widespread, affecting banking, industrial goods, consumer goods, oil and gas, and insurance...

Manufacturers’ Unsold Goods Hit N1.77tn as Costs Rise

September 14, 2026

Manufacturers listed on the Nigerian Exchange Limited, NGX, entered the second quarter of 2026 with inventories worth about N1.77 trillion. The increase in unsold goods came alongside a sharp rise in production and sales costs, highlighting the pressure facing manufacturers and consumers. Financial Vanguard findings showed that combined inventories rose 10.6 percent year-on-year from N1.597...

FRC launches national repository, ends multiple financial filings

September 2, 2026

The Financial Reporting Council of Nigeria has introduced a national repository for audited financial statements, ending the need for companies to file the same documents with multiple government agencies. The FRC Chief Executive Officer, Rabiu Olowo, announced the development during the commissioning of the Council’s new headquarters in Lagos. The facility was commissioned on behalf...

Soil degradation threatens global food production, FAO warns

September 2, 2026

The Food and Agriculture Organisation of the United Nations has warned that worsening soil degradation could put global food production at serious risk. FAO said the threat is growing despite the availability of proven methods for protecting and restoring damaged soils. The warning was contained in the organisation’s Status of the World’s Soil Resources 2026...

NSIA healthcare investments save Nigeria $200m in medical tourism

September 2, 2026

The Nigeria Sovereign Investment Authority (NSIA) says its investments in healthcare have helped Nigeria retain about $200 million that would otherwise have been spent on medical treatment abroad. NSIA Managing Director, Aminu Umar-Sadiq, disclosed this while highlighting the authority’s efforts to reduce medical tourism and expand access to specialised healthcare within Nigeria. He said the...

Nigeria’s remittances climb to record $947m in July — CBN

August 31, 2026

Nigeria’s formal remittance inflows rose to a record $947 million in July 2026, bringing the country closer to the Central Bank of Nigeria’s $1 billion monthly target. The latest figure represents the highest monthly inflow recorded through International Money Transfer Operators, IMTOs, and signals stronger use of formal channels for diaspora money transfers. The Central...

FTSE Russell upgrade can deepen Nigeria’s capital market — NGX

August 31, 2026

Nigeria’s return to the FTSE Russell Frontier Market universe could provide fresh momentum for the country’s capital market, the NGX Group has said. Group Managing Director and Chief Executive Officer of NGX Group, Temi Popoola, said the development could help attract more international investors, improve market liquidity and mobilise long-term capital for Nigerian businesses. FTSE...

Guinness Nigeria Revenue Hits N265bn as Profit Climbs 53%

August 21, 2026

Guinness Nigeria Plc has reported a stronger financial performance for the first half of 2026, with revenue approaching N265 billion and profit after tax rising by 53 per cent to N25.3 billion. The company disclosed the figures during its H1 2026 Investors and Analysts Call, where its management outlined its financial performance, strategic priorities and...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

October 26, 2026

The media report published today under the headline “UNN, NYSC disowned ex-minister Nnaji’s certificates, witness tells court” does not give readers a complete or balanced account of what transpired before the Federal High Court. Its headline presents the prosecution’s allegations as though they were established facts, even though the trial is ongoing and no judgment...

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

October 13, 2026

By Chief James Ogbodo The G27 for Uche Nnaji support group has questioned Governor Peter Mbah’s decision to submit a Senior School Certificate Examination (WAEC) certificate as his highest educational qualification to the Independent National Electoral Commission (INEC) ahead of the 2027 governorship election. The group made its position known in a statement signed by...

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

October 7, 2026

By Ureh Ogbonna As the 2027 governorship election approaches, one political reality is becoming increasingly difficult to ignore: Chief Uche Geoffrey Nnaji—Nwakaibie—has a credible path to victory in Enugu State. Elections are never won in advance. But judged by his platform, experience, message and emerging political coalition, Nnaji is far more than an ordinary opposition...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

GTCO Posts N603bn Profit, Proposes N1 Dividend

Latest News

GTCO Posts N603bn Profit, Proposes N1 Dividend

Forex Inflow Rises 36.5% to $33.76bn in Five Months

Stock Market Loses N1.9tn as Investors Take Profit

Manufacturers’ Unsold Goods Hit N1.77tn as Costs Rise

FRC launches national repository, ends multiple financial filings

Soil degradation threatens global food production, FAO warns

NSIA healthcare investments save Nigeria $200m in medical tourism

Nigeria’s remittances climb to record $947m in July — CBN

FTSE Russell upgrade can deepen Nigeria’s capital market — NGX

Guinness Nigeria Revenue Hits N265bn as Profit Climbs 53%

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Popular Posts

MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

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