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BUSINESSAug 312026 FY: PZ Cussons records N260.46b revenue as profit after tax grows by 349%The Board has proposed a dividend payment of N2.50k per share, subject to shareholders’ approval at the forthcoming Annual General Meeting holding 28 October 2026. The post 2026 FY: PZ Cussons records N260.46b revenue as profit after tax grows by 349% appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31DRC: when copper eclipses cobalt in the race for critical mineralsHausse du cours du cuivre, restrictions sur les exportations de cobalt : la RDC est à la croisée des chemins. En conséquence, les grands groupes miniers actifs dans le pays pivotent vers le métal rouge, dont la demande mondiale dépasse de loin celle du cobalt.Jeune Afrique
BUSINESSAug 31Motorists decry high cost of petrol in FCTSome motorists in the Federal Capital Territory (FCT) have expressed concerns over the high pump price of Premium Motor Spirit (PMS), popularly known as petrol. The post Motorists decry high cost of petrol in FCT appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31PZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pauseThe compensation package also offers an alternative of receiving shares instead of dividends to those who prefer increasing their existing holdings in the company to taking immediate cash rewards. The post PZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pause appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31OPay debunks viral claim of September shutdown, urges customers to disregard post“OPay is not going on break in September. We’re here, and we’re going nowhere! True OPay users know how to identify our official communications,” the financial institution stated. The post OPay debunks viral claim of September shutdown, urges customers to disregard post appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31Ibom Air reacts to alleged monopoly at Akwa Ibom airportIbom Air denies monopoly allegations at Victor Attah International Airport, but its response leaves unanswered passengers’ concerns over high fares The post Ibom Air reacts to alleged monopoly at Akwa Ibom airport appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31ASA 2026 convenes global coalition to accelerate Africa’s food power playThe summit arrives against a paradox that has long defined African agriculture: a continent rich in arable land, labour and appetite, yet still dependent on imports to feed itself The post ASA 2026 convenes global coalition to accelerate Africa’s food power play appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31Albert Lake oil: Can the DRC challenge TotalEnergies' project in Uganda?Alors que l’entrée en production du projet controversé de la major française est imminente, Kinshasa réclame une exploitation équitable et concertée de l’or noir des zones frontalières.Jeune Afrique
BUSINESSAug 31Emzor raises N26.7bn bond to boost local drug manufacturingBy Yinka Kolawole Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange, in a major move to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma […] The post Emzor raises N26.7bn bond to boost local drug manufacturing appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31Zenith Bank, MTN Nigeria, AXA Mansard top stock pick this weekThis is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions. The post Zenith Bank, MTN Nigeria, AXA Mansard top stock pick this week appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31Manufacturing giants grow profit by 35% despite flat revenue…As top ten FMCGs post N601.7bn PAT in H1’26 lRevenue stagnates at less than 1% year-on-year  lAnalysts cite improved operating cost efficiency By Yinka Kolawole The largest fast moving consumer goods (FMCG) manufacturing companies in Nigeria significantly improved profitability in the first half of 2026 (H1’26), even as combined revenue remained broadly flat year-on-year, highlighting […] The post Manufacturing giants grow profit by 35% despite flat revenue appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEOThe confirmation of Nigeria’s return to FTSE Russell’s Frontier Market universe creates an opportunity to deepen the country’s capital market, broaden international participation and mobilise more long-term capital for Nigerian businesses, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, has said. FTSE Russell has confirmed that Nigeria’s reclassification from Unclassified to Frontier Market […] The post FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31Steel imports bleed Nigeria’s economyNigeria spent over N1 trillion on steel importation in 2025, according to available data from the National Bureau of Statistics, NBS. The post Steel imports bleed Nigeria’s economy appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30No settlement default recorded since T+1 adoption — SECBy Obas Esiedesa, Abuja ABUJA — The Securities and Exchange Commission, SEC, has disclosed that no settlement default has been recorded since Nigeria migrated to the T+1 settlement cycle, saying the transition has been smooth and well received by local and international investors. The Director-General of the SEC, Dr Emomotimi Agama, disclosed this to journalists […] The post No settlement default recorded since T+1 adoption — SEC appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30Consumers groan as petrol prices climb above N1,300/litre — Marketers raise rates thrice in one weekBy Obas Esiedesa, Abuja ABUJA — Consumers have expressed concern over the continued volatility in petrol prices across the country, calling on the Federal Government to intervene and ensure stability in the downstream petroleum sector. Checks by Vanguard on Sunday showed that retail outlets in the Federal Capital Territory, FCT, had again increased their pump […] The post Consumers groan as petrol prices climb above N1,300/litre — Marketers raise rates thrice in one week appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30Dangote moves against petrol importers over quality concernsBy Udeme Akpan, Energy Editor The Dangote Petroleum Refinery and Petrochemicals is considering restricting the sale of Premium Motor Spirit (PMS), also known as petrol, to major oil marketers that continue to import the product, amid concerns over quality, product blending and the integrity of its brand. The proposed restriction could take effect as early […] The post Dangote moves against petrol importers over quality concerns appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30FTSE upgrade: Capital market stakeholders hail FG, Oyedele’s reform pushBy Henry OjeluLAGOS — Stakeholders in Nigeria’s capital market have commended the Federal Government, particularly the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, for reforms that helped restore Nigeria to the global Frontier Market universe of FTSE Russell. Their commendation followed confirmation by global index provider, FTSE Russell, that Nigeria’s […] The post FTSE upgrade: Capital market stakeholders hail FG, Oyedele’s reform push appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30Nigeria records $947m remittances in July, nears $1bn monthly targetBy Babajide Komolafe LAGOS — Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels, according to the Central Bank of Nigeria (CBN). The figure brings the apex bank closer to its $1 billion monthly remittance target set by Governor […] The post Nigeria records $947m remittances in July, nears $1bn monthly target appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30Gombe Revenue Agency Arrests Two Suspected Illegal Tax Collectors Using POS TerminalsPreliminary investigations revealed that the suspects were issuing receipts bearing the name of Jigawa State while collecting revenue within Gombe State. The post Gombe Revenue Agency Arrests Two Suspected Illegal Tax Collectors Using POS Terminals appeared first on Channels Television.Channels TV
BUSINESSAug 30N1.83TRN MARITIME REVENUE: Importers, agents kick over revenue targets, poor portsBy Efe Onodjae Following disclosure by Federal Government that agencies under the Ministry of Marine and Blue Economy generated N1.83 trillion in 2025, importers and licensed customs agents have lamented the increasing pressure on businesses in the maritime sector to meet rising revenue targets, saying the gains are not matched by corresponding improvements in port […] The post N1.83TRN MARITIME REVENUE: Importers, agents kick over revenue targets, poor ports appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30Cooking gas: FCT residents still groan over high costMajor gas outlets and depots generally offered more competitive prices; roadside retail vendors in some areas sell at higher rates. The post Cooking gas: FCT residents still groan over high cost appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 30How Casamance's Madd creates local wealth through geographical indicationDe la brousse aux marchés, le Madd de Casamance est une source de revenus pour les communautés locales.BBC Afrique
BUSINESSAug 30CPPE urges NMDPRA to tie petrol imports to verified supply gapsAccording to the group, rising petrol imports could undermine domestic refining, investment and foreign exchange conservation if approvals are granted without transparent evidence of supply shortfalls. The post CPPE urges NMDPRA to tie petrol imports to verified supply gaps appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 30APM Terminals Apapa records 6% export growth in H1 of 2026By Godwin Oritse  APM Terminals Apapa, Nigeria’s largest container terminal, recorded a 6 per cent increase in export volumes in the first half of 2026, re-enforcing  its continued efforts to boost the country’s non-oil exports and enhance Nigerian businesses’ access to international markets. Terminal Managing Director of APM Terminals Apapa, Kamal Alhraishat, attributed the growth […] The post APM Terminals Apapa records 6% export growth in H1 of 2026 appeared first on Vanguard News.Vanguard Nigeria
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