Business
Emzor raises N26.7bn bond to boost local drug manufacturing
By 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
Manufacturing 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
FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO
The 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
Cardoso: Nigeria’s Remittance Inflows Near $1bn Monthly Target, Hit Record $947m In July
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria is closing in on its target of attracting $1 billion in monthly remittance inflows, after inflows through
Nigeria hits record $947m monthly remittances, nears $1bn target – CBN
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and approaching the $1 billion
OMO Policy Revision Deepens Market Pressure as August Losses Hit N2.5tn
Kayode Tokede The Nigerian equities market depreciated by N2.5 trillion in August 2026, influenced by the revised Open Market Operations (OMO) framework by the Central Bank of Nigeria (CBN). The
Access Holdings Awaits CBN Approval Before Releasing Audited H1 Results
Kayode Tokede Access Holdings Plc has said that it has secured board approval for its audited interim consolidated and separate financial statements for the half-year ended June 30, 2026, subject
Nigeria, Canada to Strengthen Trade Relation, as Minister Leads Delegation to Toronto
Emma OKonji The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musawa, has stressed the need for collaboration between Nigeria and Canada, to further strengthen the trade relation that
PZ Grows Profit by 348.7% in 2026FY, Declares N2.50 Dividend
Kayode Tokede PZ Cussons Nigeria Plc has announced N45.17 billion profit after tax in its audited financial statement for year ended May 31, 2026, about 348.7 per cent increase over
Coronation Art Gallery Opens ‘The Value of Belief’ to Resounding Acclaim
Coronation Art Gallery last night officially opened The Value of Belief — Collectors, Conviction and the Making of Cultural Futures, welcoming guests to an evening that marked the beginning of
