Business

Three years after Nigeria’s historic naira devaluation, the country’s largest listed companies have not only recovered the dollar value of profits lost but have collectively surpassed pre-devaluation earnings. A review of 28 major listed companies across Consumer Goods, Industrials, Telecoms, and Energy sectors shows that combined profit before tax (PBT)…

Abdul Samad Rabiu, chairman of BUA Cement Plc, has received ₦189.74 billion in cash dividends from his direct shareholding, following a final dividend approval for the 2025 financial year.  The payout is among the largest in Nigeria’s corporate history and underscores BUA Cement’s growing dominance in the domestic cement sector.…

The top 10 listed companies in Nigeria added about N6.4 trillion in revenue within one year, using pricing power, market dominance, foreign exchange gains, and strong demand to protect their earnings. This revenue jump came despite inflation, weak consumer spending, high interest rates, and rising operating costs. For many smaller…

Nigeria’s power problem is no longer just about darkness in homes. It has become one of the biggest threats to the country’s economy, factories, jobs, prices, and long-term industrial growth. For decades, Nigerians have treated poor electricity as normal. Businesses buy generators. Households buy inverters. Factories build private power systems.…

Nigeria’s main financial challenge is now less about the total debt and more about the high cost of repaying it. Recent budget: paying off debt is taking up a large share of government revenue. This leaves less money for things like roads, healthcare, schools, and security. As a result, public…