Business

Finance minister Wale Edun has praised Nigeria’s 4.07% growth in Q4 2025. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed the latest data from the National Bureau of Statistics (NBS) showing that Nigeria’s real Gross Domestic Product (GDP) grew by 4.07per cent in the...

SunTrust Bank’s paid-up capital climbed to about ₦51.1bn after private placement, beating the recapitalisation deadline. SunTrust Bank Nigeria Limited has exceeded the ₦50 billion recapitalisation benchmark following the successful completion of its private placement exercise. Industry sources indicate that the bank’s total paid-up capital has risen to approximately ₦51.1 billion,...

Aviation minister Keyamo breaks ground on NAMA’s new headquarters and ATM centre, advancing unified, modernised airspace management in Nigeria. The Minister of Aviation and Aerospace Development, Festus Keyamo, on Thursday performed a groundbreaking ceremony for the construction of new corporate headquarters and Air Traffic Management (ATM) Center of the Nigerian...

Seplat posts 144% revenue growth to $2.72bn in 2025, lifts output 148%, cuts costs, boosts dividends by 52%. Seplat Energy Plc Thursday reported a 144.2 per cent surge in revenue to $2.726 billion for the full year ended December 31, 2025, as group production jumped 148 per cent to 131,506...

Transcorp Hotels secures shareholder approval for N13bn dividend after 38% revenue growth to N97bn and 45% surge in profit. Shareholders of Transcorp Hotels Plc, Thursday approved the sum of N13 billion as dividend for the 2025 financial year. This translated to a total N1.30 kobo per share. Shareholders also commended...