Business is war.
Vitafoam Nigeria recorded a 1,407 percent jump in after-tax earnings during its most recent fiscal period after the foam producer overcame currency volatility challenges. The manufacturer posted 14.3 billion naira in net income for the 12 months ending on September 30, 2025, compared with 952 million naira one year earlier, according to audited financial statements….
First HoldCo reported gross revenues totaling 2.6 trillion naira during the period ending in September, according to unaudited financial statements released over the weekend. The holding company achieved 17.1 percent growth compared with 2.25 trillion naira posted during the matching timeframe one year earlier. Operating costs jumped 39.3 percent to reach 942.7 billion naira while…
Nigerian Aviation Handling Company investors may receive increased returns after the logistics firm boosted distributable profits by 47 percent during the nine months ending in September. Earnings per share climbed to 6.91 naira from 4.71 naira recorded during the corresponding 2024 period, according to financial statements released over the weekend at the Nigerian Exchange. The…
Nigeria is pursuing $1 billion in financing from the World Bank to stimulate private enterprise and expand employment opportunities through economic reforms. The proposed Nigeria Actions for Investment and Jobs Acceleration program combines $500 million from the International Development Association with an equal amount from the International Bank for Reconstruction and Development. Board members will…
Nigerian aviation leaders have proposed government intervention to address financing challenges that threaten airline sustainability across the country. Alex Nwuba, who heads the Aircraft Owners and Pilots Association of Nigeria, advocates establishing a national leasing firm with 500 planes that would offer aircraft at 4 percent interest rates rather than the current 28 to 34…
Zenith Bank reported revenue of 3.4 trillion naira during the nine months ending in September, marking a 16 percent increase from the previous year’s figure of 2.9 trillion naira. Interest income climbed 41 percent to reach 2.7 trillion naira due to higher yields and expanded investment holdings, while the lender maintained a net interest margin…
Nigeria’s railway authority has halted all train service along the Warri-Itakpe line following a derailment that displaced two passenger cars late on Saturday evening near Agbor in Delta State. The Nigerian Railway Corporation reported that the incident happened around 7:30 p.m. and may have resulted from deliberate damage to the tracks. Managing Director Kayode Opeifa…
South Africa’s automobile production industry may experience work stoppages after negotiations between manufacturers and the National Union of Metalworkers of South Africa collapsed during discussions held last week. Union representative Phakamile Hlubi-Majola stated that management offered annual salary increases of 6.5 percent during year one, followed by 5 percent raises in subsequent years, while September…
Agricultural officials in Namibia’s Zambezi region are urging cultivators to move forward with field preparation despite a serious infestation of African migratory locusts affecting multiple districts. Raphael Mbala, formerly a councillor representing Kabbe constituency, said on Tuesday that the Ministry of Agriculture, Fisheries, Water and Land Reform has sent control teams to address the problem…
A price comparison across four major hardware retailers in October found Pupkewitz Megabuild held the lowest total basket cost at 7,174 Namibian dollars for the third straight month. The chain undercut Ark Trading by 619 dollars and Build It by 723 dollars while maintaining unchanged prices since August. Pupkewitz achieved its advantage primarily through lower…
