NNPC Limited generated N28.54 trillion in revenue and recorded N2.99 trillion in profit after tax between January and August 2026. This is according to Nairametrics’ […]
Category: Economy
Nigerian startups face funding gap between seed and growth stages – Sage Grey MD warns
Nigerian startups face a funding gap between early-stage investments and the larger amounts of capital needed to scale, as investors increasingly demand evidence of revenue […]
Jim Ovia to earn N8.7 billion in Zenith Bank interim dividend for H1 2026
Zenith Bank founder and former chairman Jim Ovia is set to receive approximately N8.7 billion in interim dividends for the first half of 2026, following […]
OPay earns more from lending than payments as profit hits $90.9 million
OPay Limited has reported revenue of $467.06 million in the first half of 2026, up 136.5% from $197.48 million a year earlier, while profit after […]
NGX CEO: Popoola Highlights Nigeria’s Growing Capital Formation at Singapore Dialogue
Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc (NGX Group), has highlighted the growing scale of capital formation in […]
Sterling cuts bloated share count by 90%, resets price to N77
Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction, pushing its quoted share price to N77 from N7.70 as the company cuts the […]
OPay secures approval for NGX secondary listing after NYSE debut
OPay has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX) after completing its planned primary listing on […]
OPay discloses $532.9 million short-term investment portfolio ahead of US IPO
OPay Limited has disclosed a short-term investment portfolio valued at $532.94 million as of June 30, 2026, with much of the portfolio placed through Nigerian […]
Nigeria needs $7.1 billion over 10 years to achieve sugar self-sufficiency — NSDC
The National Sugar Development Council (NSDC) has said that Nigeria would require $7.1 billion in investment over the next 10 years to achieve self-sufficiency in […]
Zenith Bank’s foreign subsidiaries post N166 billion pre-tax profit in H1 2026
Zenith Bank Plc’s non-Nigerian subsidiaries recorded a combined profit before tax (PBT) of N166.09 billion in the first half of 2026, as its international operations […]