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Vitafoam profit soars past ₦13bn through Q3 2026

Vitafoam Nigeria posted a 45% jump in nine-month net profit, fueled by a dramatic reduction in borrowing costs that unlocked billions in earnings capacity.

Damilola EsebameJul 30, 20261 min read
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Vitafoam building
News

Vitafoam profit soars past ₦13bn through Q3 2026

Vitafoam Nigeria posted a 45% jump in nine-month net profit, fueled by a dramatic reduction in borrowing costs that unlocked billions in earnings capacity.

Damilola EsebameJul 30, 2026
BUA Food building
News

BUA Foods flips a revenue dip into 12% profit growth

BUA Foods delivered wider margins and a bigger bottom line in H1 2026, even as topline revenue fell by more than ₦147 billion.

Damilola EsebameJul 30, 2026
Seplat Energy
News

Seplat unlocks $140m payout from NNPC JV stake sale

Seplat is trimming its stake in the NNPC-SEPNU joint venture, freeing cash for a special dividend and quicker debt paydown across 2026.

Hillary RemyJul 30, 2026
Seplat energy
News

Seplat Energy sweetens Q2 with a rare 7-cent bonus payout

Seplat Energy declared its highest quarterly dividend on record at 12 cents per share, raising fresh questions about what fueled the rare bonus and whether it can last.

Peace LongeJul 30, 2026
Dangote Cement
News

Dangote Cement flips ₦683B debt to net cash in H1

Dangote Cement erased its entire net debt position and entered cash surplus territory within a single half-year reporting period.

Damilola EsebameJul 30, 2026
Airtel Africa surges to ₦6,381 new high on NGX
News

Airtel Africa surges to ₦6,381 new high on NGX

Airtel Africa just printed a fresh all-time high on the Nigerian Exchange, and the numbers behind the rally suggest this telecom giant may only be warming up.

Peace LongeJul 29, 2026
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News

CBN reveals $109.9bn FX surge as private flows dominate

The CBN’s 2025 annual report shows autonomous inflows now account for nearly two-thirds of Nigeria’s foreign exchange supply, signaling a structural shift away from central bank-driven liquidity.

Hillary RemyJul 29, 2026
Nascon Allied Industry
News

Nascon defies slow revenue with a 26% profit leap

Nascon Allied Industries posted its strongest half-year earnings in recent memory, but the profit surge hides a growing tension buried in its balance sheet.

Peace LongeJul 29, 2026
self employed tax nigeria
Taxes

Self-employed tax obligations in Nigeria: what you owe and when

The Nigeria Tax Act reshaped self-employed tax obligations for sole proprietors, and the real cost depends on which structure you choose.

Damilola EsebameJul 29, 2026
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