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BUSINESS1d agoAt Castel, the clan war does not weakenLa guerre de succession au sein du groupe Castel s’emballe. Communiqués contradictoires, révocations contestées et batailles judiciaires : la gouvernance d’un empire présent dans 22 pays africains vacille.Jeune Afrique
BUSINESS1d agoNigeria’s economy grows 4.43% in Q2 2026 — NBSNigeria’s economy expanded faster in the second quarter of 2026, supported by improved performances in the oil and non-oil sectors, although industrial growth slowed compared with a year earlier. The post Nigeria’s economy grows 4.43% in Q2 2026 — NBS appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoWhy our fares for Uyo routes are high – Ibom AirIbom Air said it uses a standard airline pricing system in which tickets are sold in different fare classes, beginning with the lowest available fares. The post Why our fares for Uyo routes are high – Ibom Air appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoSouth African airline Airlink defends dramatic stadium flyoverFootage of the flyover quickly began circulating on social media, prompting mixed reactions as some expressed concerns over safety.EuroNews [en]
BUSINESS1d agoOML 42: Nestoil invests $28m in rigs to boost productionBy Obas Esiedesa, Abuja Nestoil Group has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group disclosed this in a statement on Monday, saying its strategic business unit, Scorpio Drilling International, recently deployed the Pathfinder 500 rig to […] The post OML 42: Nestoil invests $28m in rigs to boost production appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoNigeria’s GDP grows 4.4% in Q2 2026 — NBSBy Elizabeth Adegbesan ABUJA — Nigeria’s economy grew by 4.4 per cent year-on-year in the second quarter of 2026, up from the 4.2 per cent recorded in the corresponding period of 2025, the National Bureau of Statistics (NBS) said on Monday. The growth was driven by improved performances in both the oil and non-oil sectors […] The post Nigeria’s GDP grows 4.4% in Q2 2026 — NBS appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d ago‘It’s false’ – OPay dismisses viral shutdown reportsDigital financial services provider OPay has dismissed reports claiming that it will suspend operations from Tuesday, September 1, 2026. The post ‘It’s false’ – OPay dismisses viral shutdown reports appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d ago2026 FY: PZ Cussons records N260.46b revenue as profit after tax grows by 349%The Board has proposed a dividend payment of N2.50k per share, subject to shareholders’ approval at the forthcoming Annual General Meeting holding 28 October 2026. The post 2026 FY: PZ Cussons records N260.46b revenue as profit after tax grows by 349% appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoDRC: when copper eclipses cobalt in the race for critical mineralsHausse du cours du cuivre, restrictions sur les exportations de cobalt : la RDC est à la croisée des chemins. En conséquence, les grands groupes miniers actifs dans le pays pivotent vers le métal rouge, dont la demande mondiale dépasse de loin celle du cobalt.Jeune Afrique
BUSINESS1d agoMotorists decry high cost of petrol in FCTSome motorists in the Federal Capital Territory (FCT) have expressed concerns over the high pump price of Premium Motor Spirit (PMS), popularly known as petrol. The post Motorists decry high cost of petrol in FCT appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoPZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pauseThe compensation package also offers an alternative of receiving shares instead of dividends to those who prefer increasing their existing holdings in the company to taking immediate cash rewards. The post PZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pause appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoOPay debunks viral claim of September shutdown, urges customers to disregard post“OPay is not going on break in September. We’re here, and we’re going nowhere! True OPay users know how to identify our official communications,” the financial institution stated. The post OPay debunks viral claim of September shutdown, urges customers to disregard post appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoIbom Air reacts to alleged monopoly at Akwa Ibom airportIbom Air denies monopoly allegations at Victor Attah International Airport, but its response leaves unanswered passengers’ concerns over high fares The post Ibom Air reacts to alleged monopoly at Akwa Ibom airport appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoASA 2026 convenes global coalition to accelerate Africa’s food power playThe summit arrives against a paradox that has long defined African agriculture: a continent rich in arable land, labour and appetite, yet still dependent on imports to feed itself The post ASA 2026 convenes global coalition to accelerate Africa’s food power play appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoAlbert Lake oil: Can the DRC challenge TotalEnergies' project in Uganda?Alors que l’entrée en production du projet controversé de la major française est imminente, Kinshasa réclame une exploitation équitable et concertée de l’or noir des zones frontalières.Jeune Afrique
BUSINESS1d agoEmzor raises N26.7bn bond to boost local drug manufacturingBy Yinka Kolawole Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange, in a major move to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma […] The post Emzor raises N26.7bn bond to boost local drug manufacturing appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoZenith Bank, MTN Nigeria, AXA Mansard top stock pick this weekThis is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions. The post Zenith Bank, MTN Nigeria, AXA Mansard top stock pick this week appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoManufacturing giants grow profit by 35% despite flat revenue…As top ten FMCGs post N601.7bn PAT in H1’26 lRevenue stagnates at less than 1% year-on-year  lAnalysts cite improved operating cost efficiency By Yinka Kolawole The largest fast moving consumer goods (FMCG) manufacturing companies in Nigeria significantly improved profitability in the first half of 2026 (H1’26), even as combined revenue remained broadly flat year-on-year, highlighting […] The post Manufacturing giants grow profit by 35% despite flat revenue appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoFTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEOThe confirmation of Nigeria’s return to FTSE Russell’s Frontier Market universe creates an opportunity to deepen the country’s capital market, broaden international participation and mobilise more long-term capital for Nigerian businesses, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, has said. FTSE Russell has confirmed that Nigeria’s reclassification from Unclassified to Frontier Market […] The post FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoSteel imports bleed Nigeria’s economyNigeria spent over N1 trillion on steel importation in 2025, according to available data from the National Bureau of Statistics, NBS. The post Steel imports bleed Nigeria’s economy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoNo settlement default recorded since T+1 adoption — SECBy Obas Esiedesa, Abuja ABUJA — The Securities and Exchange Commission, SEC, has disclosed that no settlement default has been recorded since Nigeria migrated to the T+1 settlement cycle, saying the transition has been smooth and well received by local and international investors. The Director-General of the SEC, Dr Emomotimi Agama, disclosed this to journalists […] The post No settlement default recorded since T+1 adoption — SEC appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoConsumers groan as petrol prices climb above N1,300/litre — Marketers raise rates thrice in one weekBy Obas Esiedesa, Abuja ABUJA — Consumers have expressed concern over the continued volatility in petrol prices across the country, calling on the Federal Government to intervene and ensure stability in the downstream petroleum sector. Checks by Vanguard on Sunday showed that retail outlets in the Federal Capital Territory, FCT, had again increased their pump […] The post Consumers groan as petrol prices climb above N1,300/litre — Marketers raise rates thrice in one week appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoDangote moves against petrol importers over quality concernsBy Udeme Akpan, Energy Editor The Dangote Petroleum Refinery and Petrochemicals is considering restricting the sale of Premium Motor Spirit (PMS), also known as petrol, to major oil marketers that continue to import the product, amid concerns over quality, product blending and the integrity of its brand. The proposed restriction could take effect as early […] The post Dangote moves against petrol importers over quality concerns appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoFTSE upgrade: Capital market stakeholders hail FG, Oyedele’s reform pushBy Henry OjeluLAGOS — Stakeholders in Nigeria’s capital market have commended the Federal Government, particularly the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, for reforms that helped restore Nigeria to the global Frontier Market universe of FTSE Russell. Their commendation followed confirmation by global index provider, FTSE Russell, that Nigeria’s […] The post FTSE upgrade: Capital market stakeholders hail FG, Oyedele’s reform push appeared first on Vanguard News.Vanguard Nigeria
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