MTN Nigeria recorded a ₦707.5 billion half-year profit for 2026 and declared a ₦26 interim dividend as strong data revenue and customer demand drove growth despite economic headwinds. By GLEBM News Desk MTN Nigeria has reported a strong financial performance for the first half of 2026, posting a profit after tax of ₦707.5 billion, a…
By Shirley Murphy | GLEBM News Nigeria’s economic reforms are beginning to produce encouraging macroeconomic indicators, but the gains have yet to translate into meaningful relief for businesses operating on the frontlines of the economy, according to the Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale Oyerinde. In this exclusive interview with GLEBM News,…
NECA has urged the Federal Government to prioritise electricity, infrastructure and regulatory reforms, saying Nigerian businesses continue to struggle with high operating costs despite ongoing economic reforms. By Kikelomo D. The Nigeria Employers’ Consultative Association (NECA) has called on the Federal Government to intensify efforts to address Nigeria’s persistent electricity crisis, regulatory bottlenecks and infrastructure…
Afreximbank has completed a $5.3 million cross-border fuel transaction through its Africa Trade Gateway, marking the platform’s first energy-sector trade deal in Southern Africa. By GLEBM News The African Export-Import Bank (Afreximbank) has recorded a significant milestone in its drive to digitise intra-African trade, successfully facilitating its first energy-sector transaction in Southern Africa through its…
Nigeria’s new VAT Modification Committee begins work on a revised VAT framework aimed at boosting government revenue while protecting businesses, investment and economic growth.By GLEBM News Nigeria’s newly inaugurated Value Added Tax (VAT) Modification Committee has commenced work on one of the country’s most significant fiscal assignments, with the responsibility of reviewing the nation’s VAT…
African banks, policymakers and the African Union are pushing for a continent-wide single-digit financing facility to boost livestock investment, strengthen pastoral economies and improve food security. By Raymond Akorede African financial institutions, policymakers and development partners are advocating the creation of a continent-wide low-interest financing facility to accelerate investment in the livestock sector, describing affordable…
FirstBank has advised Nigerian SMEs to strengthen cash flow and maintain proper financial records, saying repayment capacity now carries more weight than collateral in business loan approvals. By Kikelomo D. FirstBank Nigeria has encouraged small and medium-sized enterprises (SMEs) to focus on maintaining strong cash flow and accurate financial records, saying these factors play a…
NECA, MAN, NACCIMA and other employer groups say additional pension burden could slow investment and job creation By GLEBM News Nigeria’s organised private sector has urged the Federal Government to suspend plans to increase mandatory pension contributions, warning that the proposal could place additional financial pressure on businesses already grappling with high operating costs and…
MAN says structural challenges continue to limit productivity despite ongoing economic reforms By GLEBM News The Manufacturers Association of Nigeria (MAN) has renewed calls for comprehensive structural reforms aimed at improving productivity, reducing production costs and strengthening the competitiveness of Nigeria’s manufacturing sector. The association said while recent economic reforms are intended to reposition the…
Agriculture Minister says government’s focus is boosting value addition, creating jobs and increasing export earnings By GLEBM NEWS The Federal Government has dismissed reports suggesting it plans to ban the export of raw cocoa beans, clarifying that its strategy is to expand local cocoa processing while maintaining Nigeria’s role in the international cocoa market. The…
