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Transcorp Power Posts 62% (N32.637bn) PAT Q1 2025 Growth
Transcorp Power Plc (formerly Transcorp Power Limited) delivered a powerful first-quarter performance in 2025, reporting a pre-tax profit of N43.283 billion — a 50.43%...
UBA to Raise N144.8bn to Meet Recapitalization Target, Expand Footprint into France and Saudi...
United Bank for Africa Plc (UBA) has announced plans to raise N144.8 billion ($90.2 million) in additional capital this year as part of its...
Adobe Set to Launch Mobile Version of AI-Powered Image Generation Tool, Intensifies Rivalry With...
American computer software company Adobe is set to release a mobile version of its AI-powered image generation tool “Firefly”, escalating its competition with OpenAI.
The...
Smuggled Rice Floods Nigerian Markets, Drives Prices to N58,000 Per 50kg
The price of a 50kg bag of rice has tumbled to as low as N58,000 in parts of Nigeria, especially in border communities, following...
Fitch Upgrades Ratings of Kaduna, Kogi, Lagos, and Oyo States Following Nigeria’s Sovereign Upgrade
Fitch Ratings has upgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of Kaduna, Kogi, Lagos, and Oyo states from ‘B-’ to ‘B’....