General News

General News

 MTN Nigeria Posts N414.9 bn Net Income in H1 2025 a Rebound from N519.1 bn loss in H1 2024

MTN Nigeria Posts N414.9 bn Net Income in H1 2025 a Rebound from N519.1 bn loss in H1 2024

MTN Nigeria has delivered a stunning turnaround in H1 2025, recording a net income of N414.9 billion, reversing a N519.1 billion loss from… Read More

6 hours ago

FirstHoldco Q2 2025 Pretax Profit Falls 4.58% to ₦169.6 bn amid 61.92% Surge in Interest Income

FirstHoldco Plc has delivered a pretax profit of ₦169.6 billion in Q2 2025, representing a 4.58% year-on-year decline. However, the bank's… Read More

7 hours ago

U.S. Fed Holds Rates Steady at 4.25–4.50% Amid Trump Pressure

The U.S. Federal Reserve left its benchmark interest rate unchanged in the 4.25%–4.50% range on July 30, 2025, marking the fifth consecutive… Read More

19 hours ago

NIMC Completes Migration to NINAuth, Directs Nigerians to Telcos for All NIN-SIM Issues

The National Identity Management Commission (NIMC) has finalized the migration of all telecom operators in Nigeria to its upgraded identity… Read More

20 hours ago

UAC Nigeria Plc posts 22.9% profit decline in H1 2025 despite strong top‑line growth

UAC of Nigeria Plc has reported a 22.9%  decline in profit-after-tax to ₦7.36 billion in H1 2025, down from ₦9.54 billion in H1 2024,… Read More

23 hours ago

Trump Imposes 25% Tariff on Indian Imports Starting August 1, Citing Trade Barriers and Russian Oil Ties

U.S. President Donald Trump has announced a 25% tariff on Indian imports beginning August 1, 2025. He also warned of… Read More

1 day ago

Nestlé Nigeria Grows Revenue 43% to N581.1 Billion in H1 2025 as Profit Hits N50.6 Billion

Nestlé Nigeria Plc has reported a 3% year-on-year growth in revenue to N581.1 billion for the first half of 2025.… Read More

1 day ago

UAC of Nigeria Sign Agreement to Acquire Chivita|Hollandia (CHI Limited) from Coca-Cola Company

UAC of Nigeria PLC has entered into an agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca‑Cola Company, solidifying its… Read More

1 day ago

U.S. Slams Extravagant Spending by Nigerian Governors Amid Economic Crisis

The United States has criticized Nigerian state governors for lavish spending on luxury projects while citizens endure economic hardship. This… Read More

1 day ago

IMF Raises Global Growth Forecast to 3% in 2025

The International Monetary Fund (IMF) has revised its 2025 global economic growth forecast to 3.0%, up 0.2 percentage points from… Read More

1 day ago