Behind the Profit: 10 Hidden Risks in Cadbury Nigeria’s 2025 Results
August 03, (THEWILL) — Cadbury Nigeria's 2025 financial performance was undoubtedly impressive. Revenue rose about 31 percent to N169.84 billion, gross profit doubled, operating...
End Border Bottlenecks Now,’ ECOWAS Parliament Tells Member States, Seeks Unified Customs, Tax Rules...
ECOWAS Parliament calls on member states to remove border bottlenecks by harmonising customs procedures, import regulations, taxation policies, and business registration requirements to...
Dangote’s $2.5bn Capital Raise Casts Long Shadow Over Nigeria’s Costly Idle Refineries
August 02, (THEWILL) — As worries increase regarding the persistent issues surrounding Nigeria's expensive inactive refineries situated in Port Harcourt, Warri, and Kaduna, the...
Why Hakeem Belo-Osagie Sold UBA For $250m After Saving It From Bankruptcy
Hakeem Belo-Osagie says buying UBA was meant to be an investment, not a lifelong banking career.
He discovered the bank was effectively bankrupt...
Singapore-Based Tolaram’s $70 Million Bet on Guinness Nigeria Is Now Worth $355 Million –...
Tolaram's 58.02 percent stake in Guinness Nigeria has grown from $70 million to about $355 million in just over two years.
The brewer...
NNPC Records ₦535bn June Profit, Remits ₦6.29tn to Federation in H1
NNPC's profit after tax rose 15.8 per cent to ₦535 billion in June, while revenue climbed to ₦4.39 trillion, reflecting stronger financial performance...
Nigerian Breweries Wipes Out Accumulated Losses As H1 Profit Hits ₦156.3bn
Nigerian Breweries grew profit before tax by 18 percent to ₦156.3 billion in the first half of 2026 as stronger revenue and lower...
MTN Nigeria Posts Record ₦1.09trn Half-Year Profit, Declares ₦26 Interim Dividend
MTN Nigeria reported a record ₦1.09 trillion profit before tax in the first half of 2026, driven by strong growth in data revenue,...
Nigeria’s Foreign Reserves Drop $114m In Seven Days After Hitting A $52bn Peak
Nigeria's foreign reserves declined by $114 million within seven days after reaching a recent peak of $52.04 billion, according to the Central Bank...
Nigerian Stock Market Extends Decline as Profit-Taking Wipes ₦1tn off Investors’ Wealth in Two...
The NGX extended its bearish run as investors lost about ₦1.01 trillion in two consecutive sessions, with Thursday’s decline wiping ₦1.005 trillion off...