Business Archives - Page 16 of 23

Toyota Raises Profit and Sales Forecast for Fiscal Year

February 7, 2026

The Japanese automaker now expects a net profit of ¥3.57 trillion (about $22.8 billion) for the year ending March 31, 2026, up from its earlier projection of ¥2.93 trillion. Operating profit is forecast to reach ¥3.8 trillion, compared with the prior estimate of ¥3.4 trillion. Sales revenue is projected at ¥50 trillion, slightly higher than...

Ecobank Profit Rises 29% to N950bn in 2025 Financial Year

February 7, 2026

Ecobank Transnational Incorporated has reported a 29 percent increase in profit after tax to N950.0bn for the financial year ended December 31, 2025, compared with the previous year. The pan‑African banking group filed its Condensed Consolidated Unaudited Financial Statements for 2025 with the Nigerian Exchange Limited. The results showed a marked improvement in several key...

FG Issues Deadlines to Chinese Road Contractors Over Delays and Substandard Work

February 7, 2026

The Federal Government has issued stern warnings and strict deadlines to China Harbour Engineering Company and its sister firm, China Harbour Operation and Maintenance Company, over delays and substandard work on several federal road contracts. The directives followed a high‑level meeting chaired by the Minister of Works, Senator David Umahi, at the Ministry’s headquarters in...

Lagos Understudies NERC to Strengthen Power Regulation in State

February 7, 2026

The Lagos State Electricity Regulatory Commission has started a process of understudying the Nigerian Electricity Regulatory Commission to strengthen electricity market regulation in Lagos State. The development was disclosed in a statement released by the Nigerian Electricity Regulatory Commission on February 6, 2026. The announcement followed a courtesy visit by board members of the Lagos...

Business

Transcorp Power Reports 30% Revenue Growth to N398bn in 2025

February 6, 2026

Transcorp Power Plc has reported a 30 percent year‑on‑year increase in revenue to N398.27bn for the financial year ended December 31, 2025, compared with N305.94bn in 2024. The audited results were released by the power generation company, a subsidiary of Transnational Corporation Plc, on February 6, 2026. The performance reflects growth across key financial indicators...

Coastal Logistics Could Push Petrol Prices Close to N1,000 Per Litre in Nigeria

February 6, 2026

Dangote Petroleum Refinery has warned that continued reliance on coastal delivery of petroleum products could push petrol prices close to N1,000 per litre in Nigeria. In a statement on February 5, 2026, the refinery outlined its concerns about the cost implications of coastal logistics for petrol distribution. Dangote emphasised the importance of efficient evacuation methods...

Tax Reforms May Reshape Nigeria’s Real Estate Sector, Say Stakeholders

February 6, 2026

Experts in Nigeria’s real estate sector have said that federal tax reforms may change dynamics in the industry by affecting rent costs, property prices, and investment patterns. The remarks were made on February 6, 2026, in Lagos at the 10th AlphaCrux Real Estate Outlook Conference. The event focused on industry resilience in a global economic...

Adedeji Says Nigeria Must Move Beyond Raw Material Exports to Broaden Economic Base

February 6, 2026

Dr. Zacch Adedeji, Chairman of the Nigeria Revenue Service (NRS), has said that Nigeria’s reliance on exporting raw materials and a narrow product base limits the country’s economic growth and integration into global value chains. His remarks were made during the maiden Distinguished Personality Lecture of the Faculty of Administration at Obafemi Awolowo University, Ile-Ife,...

Business

Shell Reports £17.84bn Year‑End Profit Despite Global Market Slump

February 5, 2026

Shell plc, the London‑listed oil and gas company, reported a year‑end profit of £17.84 billion ($18.5 billion) for the 2025 financial year, the company said in its full‑year financial results, maintaining profitability despite a downturn in global oil prices and broader market challenges. The results were published as energy markets experienced volatility and price declines....

Google Parent Alphabet’s Annual Revenue Tops $400bn for First Time

February 5, 2026

Alphabet Inc., the parent company of Google, reported annual revenue exceeding $400 billion for the first time in its history, the company said in its 2025 full‑year earnings report. This milestone reflects sustained growth across its digital advertising, cloud computing and services businesses. According to the financial results, Alphabet’s total annual revenue for 2025 surpassed...

Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

What's hot

Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

Toyota Raises Profit and Sales Forecast for Fiscal Year

Ecobank Profit Rises 29% to N950bn in 2025 Financial Year

FG Issues Deadlines to Chinese Road Contractors Over Delays and Substandard Work

Lagos Understudies NERC to Strengthen Power Regulation in State

Transcorp Power Reports 30% Revenue Growth to N398bn in 2025

Coastal Logistics Could Push Petrol Prices Close to N1,000 Per Litre in Nigeria

Tax Reforms May Reshape Nigeria’s Real Estate Sector, Say Stakeholders

Adedeji Says Nigeria Must Move Beyond Raw Material Exports to Broaden Economic Base

Shell Reports £17.84bn Year‑End Profit Despite Global Market Slump

Must Read

Digital Identity Expansion Positions NIN as a Platform for Financial Inclusion

Lagos Creative Ecosystem Ignites Innovation at CcHUB Gathering

New Vice Chancellor Sets Reform Agenda for Alex Ekwueme Federal University

Senate Hearing on Death Penalty Reopens Debate on Justice and Public Safety

Popular Posts

Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Get in Touch

Most popular

Education

Governance

Technology

Uncategorized

Links