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Dufil Prima Foods Limited has cemented its dominant market position in Nigeria's noodles sector, accounting for over 60% market share, which has underpinned sustained revenue growth and strong cash...
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UBA Foundation Marks World Environment Day 2026 with Tree-Planting Initiative in Iconic Lagos Schools

In commemoration of World Environment Day 2026, the UBA Foundation, the Corporate Social Responsibility arm of United Bank for...

Dufil Prima Foods Revenue Hits ₦1.1 Trillion, Controls 60% of Nigeria Noodles Market

Dufil Prima Foods Limited has cemented its dominant market position in Nigeria's noodles sector, accounting for over 60% market...

GTCO Loan-to-Deposit Ratio Plummets to 24% as Lender Dodges Real-Sector Financing

Guaranty Trust Holding Company (GTCO) recorded the lowest Loan-to-Deposit Ratio (LDR) among major Nigerian banks in the first quarter...

Fortis Global Insurance 5% Solvency Margin Flags Insolvency Risk as Underwriting Deteriorates

Fortis Global Insurance Plc is facing mounting solvency risk as a deteriorating solvency margin ratio of just 5% by...

CBN Grants Abbey Mortgage Bank Final Approval to Become Commercial Bank, Operations Start Q4 2026

The Central Bank of Nigeria has granted final approval for Abbey Mortgage Bank Plc (ABBEYBDS) to transition from a...

Supreme Court Clears Providus-Unity Bank Merger, Paving Way for ProvidusUnity Bank

The Supreme Court's June 2026 ruling has removed the final legal hurdle to the merger between Providus Bank and...
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Nigeria’s Capital Importation Surges 84% to Record $10.37bn in Q1 as FPI Dominates Inflows

Nigeria's capital importation surged 83.80% year-on-year to a record $10.37 billion in Q1 2026, up from $5.64 billion in...

Moniepoint CEO Plots Shift From Payment Movements to Layered Data-Driven Credit

...as Cardoso Launches PSV 2028 As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System...

Oil Rally Spurs Nigeria to Weigh Refinancing High-Cost Debt on Favorable Market Conditions

Nigeria plans to refinance high-cost debt and raise funds to help plug its budget deficit, leveraging strong investor confidence...

Nigeria GDP Grows 3.9% in Q1, 2026 as Oil and Non-Oil Sectors Improve

Nigeria’s economy expanded 3.9% year on year in the first quarter (Q1) of 2026, up from 3.1% a year...

S&P: Dangote Refinery Driving Nigeria’s Economic Resurgence

The Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the...

Nigeria Dollar Reserves Rise to $49.49 Billion in May, CBN Says

Nigeria’s gross external reserves climbed to $49.49 billion as of May 15, up from $48.35 billion at the end...
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