Business

All the recent business news in Nigeria, economy and industry updates.

Ecobank Group reports N609bn PBT, $1.1bbn in Net Revenue in 2025 H1

Ecobank Group yesterday announced unaudited financial results for the first half of 2025, reporting a 23% year-on-year increase in profit before tax t

Nestlé Nigeria empowers 431 women in rural communities

Nestlé Nigeria has empowered 431 women living in rural communities within five years. This was announced in a statement, following the recent business

Africa Needs $170bn Annually to Bridge Infrastructure Gap – ATTID

The Africa Think Tank for Infrastructure Development (ATTID) has projected that the continent requires between $130 billion and $170 billion annually

Cashew exports surged to $398m in first half of 2025 – NEPC

The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council, Nonye Ayeni has stated that cashew exports to different count

IMF upgrades Nigeria’s growth projection to 3.4%

The International Monetary Fund (IMF) has upwardly reviewed Nigeria’s 2025 economic growth forecast to 3.4%, showing 0.4 percentage point increase fro