Business

UAC Foods Plc posted a 39 percent decline in profit for the 2025 financial year, even though the company recorded a sharp rise in revenue during the same period. According to its audited financial statements for the year ended December 31, 2025, profit fell to N9.91 billion from N16.31 billion…

Across markets in Lagos, Kano, Port Harcourt, and other areas, traders and consumers share a common complaint: prices are rising faster than incomes. From food staples to transportation, the prices of things keep rising in Nigerian markets. They have increased sharply since 2023 and continues into 2026. This explainer outlines…

The Nigerian stock market opened the week on a negative note on Monday, as investors lost N276 billion in market value. Data from the Nigerian Exchange Limited showed that market capitalisation fell by 0.21 percent, closing at N128.693 trillion compared with N128.969 trillion in the previous trading session. The All…

The Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing individual annual tax returns to April 14, 2026, giving taxpayers an extra two weeks to complete the process. The extension was announced on Monday, March 30, 2026, in a statement issued by the agency’s Head of Corporate…

Nigeria is one of the best places in Africa to start a small business in 2026. The country has over 200 million people; more people are using smartphones; the digital economy is growing fast; and many young people are ready to buy goods and services. This creates many business opportunities…