Revenue rises by 12 per cent to N650.8 billion as the foods and beverage company sustains profitability for the seventh consecutive quarter Nestlé Nigeria PLC has reported strong financial results for the first half of 2026 (H1 2026), characterized by double-digit top-line revenue expansion, improved profitability, and a strengthened equity base. According to the …
Nigeria's Capital Inflows Surge 93.71% to $23.40bn in 2025 as FX Reforms Boost Investor Confidence Portfolio investment dominates inflows; the United Kingdom remains the largest source; outflows also nearly double to $21.12bn. Nigeria's capital importation nearly doubled in 2025, rising by 93.71 per cent to US$23.40 billion, from US$12.08 billion in 2024, according to the …
The Federal Government is designing a new framework to lower the cost of capital for businesses without reintroducing subsidies, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele disclosed this on Thursday in Abuja at the 7th Africa Emerging Markets Forum, describing the initiative as a complement to the Central …
Presco and Okomu Oil Palm Company delivered another strong operating performance in the first half of 2026; however, higher taxes under Nigeria's new tax regime and strategic balance sheet adjustments reduced their net profits, despite resilient margins, stronger balance sheets, and rising investor confidence. An analysis of the companies' half-year (H1) financial results shows that, …
The Securities and Exchange Commission (SEC) has introduced a fully electronic registration process for Capital Market Operators (CMOs). The e-registration allows designated regulatory services to be completed online as part of efforts to improve efficiency, strengthen oversight and modernise Nigeria's capital market. The Commission disclosed this in a statement on Wednesday, saying the electronic registration …
Funds to boost irrigation, electricity projects Niger has secured more than 60.6 billion CFA francs about $105 million in fresh financing from the West African Development Bank (BOAD) to support irrigation and electricity projects, despite its withdrawal from the Economic Community of West African States (ECOWAS). The financing package includes 30 billion CFA francs …
The National Assembly on Tuesday commended the Securities and Exchange Commission (SEC) for strengthening its revenue base and fiscal sustainability, while urging the regulator to surpass its 2026 revenue target by at least 20 per cent. The commendation came during the 2026 Revenue Monitoring Exercise with the Commission in Abuja, where the Deputy Chairman of …
Lower electricity output dragged Transcorp Group's half-year earnings, while manufacturers such as Unilever Nigeria and Guinness Nigeria returned stronger profit growth as lower foreign exchange losses eased pressure on their bottom lines. Pinnacle Daily can report. Its analysis of the H1 2026 financial results of Transcorp Group, Transcorp Hotels, Unilever Nigeria, Guinness Nigeria, Fidson Healthcare …
Nigeria's ambitious Industrial Policy 2025 faces implementation concerns as millions of small businesses struggle to survive harsh operating conditions. The Chairman of the Alliance for Economic Research and Ethics, Dele Kelvin Oye, raised the concern. According to him, Nigeria's Industrial Policy 2025 (NIP2025) risks failing to achieve its objectives unless the government closes the gap …
The Nigerian stock market returned to positive territory in the week ended July 24, reversing the mild setback recorded in the previous week as investors renewed buying interest in banking and industrial stocks, pushing the benchmark index and market capitalisation to fresh highs. The Nigerian Exchange (NGX) All-Share Index (ASI) gained 1.60 per cent to …
