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Business · Nairametrics ·Julius Berger grows Q1 profit to N9.8 billion as ‘civil works’ dominate revenue
Julius Berger recorded a first-quarter profit of N9.8 billion, driven primarily by its civil works division. The Nigerian construction firm experienced significant growth during the period as infrastructure projects remained the dominant contributor to its overall revenue stream.
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Business · Channels TV ·Samsung Electronics Posts Record Quarterly Profit On AI Boom
Samsung Electronics has reported a record quarterly profit, attributing the significant financial growth to the global surge in artificial intelligence technology. The company benefited from increased demand for high-end memory chips required to power AI applications, marking a substantial recovery in its semiconductor division and overall market performance.
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Business · Nairametrics ·
CPPE warns inflation erodes wages, deepens Nigeria’s real income crisis
The Center for the Promotion of Private Enterprise has cautioned that persistent inflation in Nigeria is diminishing the value of workers' wages. This trend contributes to a widening real income crisis across the country, as rising costs for goods and services outpace current earning levels for many citizens.
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Business · Leadership News ·
Cashew Industry Needs Sector-savvy Leadership – Adesokan
Adesokan has emphasized the importance of appointing experienced professionals to lead Nigeria's cashew sector. This call aims to improve industry governance and drive growth by ensuring that those at the helm possess deep technical knowledge and strategic understanding of the cashew value chain to enhance national economic output.
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Business · Vanguard ·Egbin Power Plant shuts down after contractor dies during underwater repairs
Operations at the Egbin Power Plant have been halted following a fatal accident involving a contractor during underwater repair work. The shutdown was implemented to address the situation and ensure safety at the facility. The plant remains offline as authorities manage the aftermath of the incident and conduct necessary reviews.
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Business · Vanguard ·Shareholders endorse NGX Group’s bonus shares, dividend payout, others
Shareholders of the Nigerian Exchange Group have officially approved the company's proposals for bonus share issuance and dividend payouts. The endorsements were made during a recent meeting where stakeholders also ratified several other resolutions aimed at strengthening the financial position and rewarding investors of the exchange group.
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Business · Leadership News ·
Labour Leaders, Others Raise The Alarm Over Shrinking Decent Workspace
Nigerian labour leaders and various stakeholders have voiced concerns regarding the reduction of decent workspaces across the country. They emphasised the negative impact of deteriorating working environments on productivity and employee well-being, highlighting a growing need for improved standards and policies to protect the rights of workers.
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Business · Vanguard ·Waltersmith upgraded facility catalyzed scalable refining operation to 10,000bdp
Waltersmith has upgraded its facility to scale up refining operations, achieving a production capacity of 10,000 barrels per day. The improvements to the infrastructure enable a more scalable approach to the company's processing activities, marking a significant milestone in its efforts to increase output within the Nigerian oil and gas industry.
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Business · Channels TV ·Oil Surges 7%, Stocks Slip On Trump Blockade Warning
Global oil prices rose by seven percent while stock markets experienced a decline following warnings of a potential blockade from Donald Trump. The market volatility reflects investor concerns over geopolitical tensions and their impact on energy supplies and international trade stability amidst shifting political rhetoric.
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Business · Vanguard ·Dollar to Naira exchange rate today, April 30, 2026
The official report for April 30, 2026, provides current information regarding the exchange rate of the United States Dollar against the Nigerian Naira. This update tracks the performance of the local currency in the foreign exchange market, offering essential data for business stakeholders and individuals involved in international trade and financial transactions.
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Business · Vanguard ·Nigeria infrastructure spend to hit $40bn by 2050 — PwC
Professional services firm PwC predicts that Nigeria's annual investment in infrastructure will grow significantly, reaching approximately $40 billion by 2050. This projection underscores the country's long-term development goals and the anticipated scale of capital expenditure required to modernize its transportation, energy, and utility sectors over the next few decades.
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Business · Premium Times ·Alake calls for united African front to capture greater value from global mineral economy
Nigeria's Minister of Solid Minerals Development, Dele Alake, has advocated for a unified African approach to managing the continent's natural resources. The minister emphasized that collective action among African nations is necessary to secure a larger share of value and influence within the global mineral economy and international trade markets.
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Business · Channels TV ·
French Economy Records Zero Growth In Q1
The French economy experienced stagnation during the first quarter of the year, reporting zero growth. This economic performance indicates a period of relative inactivity for the nation's financial output during the initial three months. Such figures are often monitored as key indicators of broader European economic trends and fiscal stability.
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Business · PM News ·
FG moves to boost turnout in pension verification drive
The Federal Government has initiated measures to increase participation in its ongoing pension verification exercise. This move aims to ensure that more retirees complete the necessary documentation to secure their benefits while improving the efficiency of the national pension administration system across the country.
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Business · Nairametrics ·
Brent crude surges past $126 as Trump weighs fresh military strikes on Iran
Brent crude oil prices have exceeded $126 per barrel following reports that United States President Donald Trump is considering new military actions against Iran. This price spike reflects growing geopolitical tensions in the Middle East and highlights potential supply disruptions that could impact global energy markets and international trade stability.
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Business · Nairametrics ·
Zichis to seek shareholders’ approval for capital raise at 1st AGM after listing
Zichis is set to seek approval from its shareholders for a capital raise during its first Annual General Meeting since listing. This move follows the company’s recent transition to the public market and is intended to provide the firm with the necessary funding to support its ongoing corporate objectives and financial growth.
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Business · Daily Trust ·
Abuja–Kaduna rail trip: NIPR delegates call for increased investment in rail
Delegates from the Nigerian Institute of Public Relations have advocated for more financial resources to be allocated to the country's rail infrastructure. This request followed their experience traveling on the Abuja–Kaduna train service, highlighting the potential for improved transportation and economic connectivity through sustained government and private sector support for the railway system.
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Business · Daily Trust ·
NNPCL, NRS, 21 others get nod to generate 1,182.98MW electricity in 2025
The Nigerian National Petroleum Company Limited and twenty-two other entities have received approval to generate 1,182.98 megawatts of electricity in 2025. This regulatory clearance marks a significant step in enhancing Nigeria's power generation capacity through a mix of public and private sector participation in the energy industry.
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Business · Daily Trust ·
NAHCO revenue soars to N65bn in 2025
The Nigerian Aviation Handling Company PLC reported a significant increase in its annual revenue, reaching N65 billion in 2025. This growth reflects the company’s performance within the aviation services sector, marking a substantial milestone in its financial trajectory and operational scale for the fiscal year.
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Business · Daily Trust ·
NRC holds promotion exam for staff
The Nigerian Railway Corporation has conducted promotion examinations for its staff members as part of its internal human resource management process. This initiative is designed to evaluate employee performance and facilitate career progression within the agency, ensuring that vacant positions are filled by qualified personnel according to civil service regulations.
Nigerian News
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