In 2025, Transcorp Hotels achieved a pretax profit of N32.8 billion, marking a 45.1% increase from the previous year. This growth is drives a 38.36% rise in revenue, reaching N97 billion. The company’s performance boosted by the reversal of a financial asset impairment loss. A previous loss of N69.1 million turned into a gain of N16.5 million, alongside reduced finance costs….
Three companies under Dangote Group strengthen their gas supply agreement with units of Nigerian National Petroleum Company Ltd (NNPC Ltd). These agreements aim to support their growth strategies while aligning with Nigeria’s transition to cleaner energy and industrialization. The announcement made during the launch of the Nigeria Gas Master Plan 2026 in Abuja on Friday….
First HoldCo Plc Chairman Femi Otedola has attributed the decline in profit for 2025 at First HoldCo to a planned N748 billion one-time impairment aimed at writing off bad loans on the balance sheet and strengthening the bank. Otedola provided this clarification in a statement shared on his X page. This situation arose because the…
Kevin Warsh, nominated by US President Donald Trump to lead the Federal Reserve, may increase pressure on the Nigerian naira. Trump announced Warsh’s nomination on Friday. He is expected to replace current Fed Chair Jerome Powell when his term ends in May. Almost immediately, financial markets reacted. Dollar strengthens on Warsh nomination Following the announcement,…
