Business & Economy - Page 6

Strong H1 performance: For the six months ended June 30, 2025, Lafarge Africa Plc posted a profit after tax of ₦132.7–₦133bn, a staggering 352% increase from ₦29.35bn in H1 2024. Q2 surge: In Q2 alone, profit after tax climbed to ₦84.0bn—up 248% year‑on‑year—while sales revenue

By Ihechinyere Chigemeri-Uwom The Abia Government has released a final draft regulation for mini-grids aimed at boosting electricity access in unserved and underserved communities in the state. The Commissioner for Information, Mr Okey Kanu, disclosed this while briefing newsmen at the

Digital bank Kuda has launched a multicurrency wallet that allows users to hold, fund, and convert between five major currencies, all from a single app. The wallet, which is currently in its testing phase, supports the United States Dollar (USD), British Pound

By Lucy Ogalue The Corporate Affairs Commission (CAC) says its Artificial Intelligence (AI) business registration portal now processes over 11,000 transactions daily, despite some ongoing challenges. In a statement on Sunday, CAC management said it was working to address identity

By Grace Alegba Economic hardship and a pervasive sense of frustration are pushing many Nigerians into the trap of Ponzi schemes, leading to continuous financial losses, says. Prof. Chris Onalo. Onalo is the Registrar/Chief Executive Officer of the National Institute of

By Perpetua Onuegbu The International Conference on Africa’s Democracy (ICAD) has called for the dismantling of borders that separate African countries to promote economic sovereignty and shared prosperity across the continent. Mr Chris Nyama, Team Lead of ICAD, made the call

By Grace Alegba The National Institute of Credit Administration (NICA) chartered, has called for transparency, collaboration, innovations and strict adherence to its mandate for success of the National Credit Guarantee Company (NCGC). Prof. Chris Onalo, Registrar/Chief Executive Officer, NICA, gave

By Funmilola Gboteku The Deputy Mayor of London, Howard Dawber, has identified the ease of opening accounts in London banks as a major hurdle for Nigerian businesses in facilitating seamless cross-border financial transactions. Dawber, who was part of the  London trade

By Rukayat Moisemhe The Centre for the Promotion of Private Enterprise (CPPE) has stressed the need to tackle key inflation drivers, in spite of Nigeria’s inflation declining for a third straight month. Dr Muda Yusuf, CPPE founder, stated this on