For the first time since its inception, Dangote Cement Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached an all-time milestone of N1,382.0 billion, crossing the N1 trillion mark, an increase of 56 per cent. In the same vein, Earnings per share also increased by 12.3 per cent to N29.74 as against 2023’s record…
Digital infrastructure and connectivity solutions provider, Phase 3 Telecom, has called for accelerated investment in digital infrastructure to drive inclusive economic growth across the West African sub-region. Its Executive Chairman, Stanley Jegede, who made the call at the CCT Global 2025, stressed the critical importance of cross-border and inland digital infrastructure in accelerating Africa’s economic…
The Senate has increased this year’s revenue target of the Nigeria Customs Service (NCS) to N10trillionSenate Committee on Customs with a matching order that the revenue be raised to N10 trillion. NCS got the new target while it was defending its 2025 budget proposal of N6.584 trillion before the Senate Committee on Customs. Chairman of…
Nigeria’s telecom sector has witnessed a rebound after the Nigerian Communications Commission (NCC) approved a hike in end user tariff of telecom services. Executive Vice Chairman at NCC, Dr Aminu Maida, recalled that a crisis rocked the industry about two years ago that nearly brought the sector which he said is a key contributor to…
The United Kingdom (UK) has confirmed that Nigeria will continue to enjoy duty-free access on 99per cent of total goods exported to the UK market under the Developing Countries Trading Scheme (DCTS). The initiative reinforces UK’s long-term ambition to deepen trade ties, support Nigerian exports and promote economic growth for both our countries. The DCTS…
In the first quarter (Q1) 2025, Nigeria recorded N5.172 trillion trade surplus, according to the National Bureau of Statistics (NBS). NBS in its “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total…
Nigeria’s carrier, Air Peace yesterday accused a prominent senator of assaulting staff and disrupting flight operations at the Murtala Muhammed Airport Terminal 1, Ikeja, Lagos. The was later confirmed to be former Edo State Governor and current senator, Adams Oshiomhole. A viral video circulating on social media showed Oshiomhole in a heated argument with an…
Scientists from Covenant University, Ota, Ogun State yesterday, validated the potent anti-microbial and energy-boosting properties of structured water generated using QNET’s innovative Amezcua Bio Disc 3 technology and other wellness solutions from the stable of the company. Their findings, shared at the Amezcua Science Dialogue, with: “Demystifying the Science Around QNET Products,” as theme, was…
The Central Bank of Nigeria (CBN) has debunked claims suggesting it has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The apex bank said the official deadline remains June 3, 2025, as previously announced. A statement issued yesterday by the Acting Director of the Corporate Communications Department,…
