Heritage Bank (In-Liquidation): NDIC starts first tranche payment of ₦46.6bn
Barbara Bako, Abuja. In its continued commitment to ensuring that depositors of the defunct Heritage Bank are fully reimbursed, the Nigeria Deposit Insurance Corporation (NDIC) has declared first tranche of…
BUA Cement grows revenue by 81% in first quarter
BUA Cement Plc has grown its quarterly revenue by 80.5 percent in 2025 first quarter, raking in N290.8bn compared to N161.1bn recorded in the corresponding period of 2024. The unaudited…
Transcorp Power records N105.4bn revenue in Q1
Transcorp Power Plc has recorded N105.4bn rrvenue the first quarter 2025, the company said in the unaudited interim financial statements to the Nigeria Exchange Limited. The revenue for the period…
UBA records 189.8bn profit in first quarter
United Bank for Africa Plc has announced a growth in its profit for the first quarter of 2025, recording a profit after tax of N189.8bn. This represents a rise from…
MAN records N2.14trn Unsold finished goods in 2024
The Manufacturers Association of Nigeria (MAN) says it recorded N2.14 trillion of unsold finished goods in 2024, representing a rise from the previous year. MAN Director-General Segun Ajayi-Kadir, on Monday,…
Edun advocates for bold reforms, innovative financing
Barbara Bako, Abuja. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has advocated for bold reforms and smarter investments. According to a statement from the…
CBN cracks down on 9 banks for ATM cash disruption
The Central Bank of Nigeria (CBN) has imposed a fine of N1.35 billion on nine Deposit Money Banks (DMBs) for failing to make naira notes available through automated teller machines…













