In terms of value, we grew by 20.7% to $5.45 billion, and we are now represented in 126 countries. This is a clear indication that Nigeria is making significant progress,” stated Dr. Nonye Ayeni, Executive Director of NEPC.
UACN Plc’s 2024 financial results showcase a remarkable 109% jump in pre-tax profit to N25.8 billion, fueled by a 64% revenue increase. With strong growth in key segments and improved margins, the company remains optimistic but cautious about rising debt levels.
US has quietly removed the visa drop box renewal option for Nigerian applicants, reverting to mandatory in-person interviews. This shift comes amid long wait times and a backlog of applications, impacting frequent travelers, students, and business visitors.
Building a great product isn’t just about having an innovative idea—it’s about execution, focus, and understanding users’ needs. Michael Seibel, CEO of Y Combinator, outlines key principles that have helped successful startups thrive. From solving real problems to keeping operational costs low, these lessons are especially relevant for Nigerian entrepreneurs navigating a dynamic and evolving market.
Discover how to create a winning pitch deck that captures investor interest and secures funding for your Nigerian startup. This guide covers key strategies, from crafting a compelling story to showcasing market potential and business traction.
Geregu Power Plc announced record-breaking 2024 results, with revenue reaching N137 billion and PAT growing by 71% to N27.4 billion. The company proposed a N21.25 billion dividend and invested heavily in plant upgrades, showcasing its commitment to growth and shareholder returns.
World Bank has committed $1.2 billion to Nigeria’s Adolescent Girls Initiative for Learning and Empowerment (AGILE), a groundbreaking program aimed at improving secondary education for over 8.6 million girls across 18 states. By addressing barriers like poverty, cultural norms, and inadequate infrastructure, AGILE is building schools, promoting gender equality, and empowering girls to become catalysts for change.
FCMB Group announced a strong financial performance for 2024, with pre-tax profit rising to N117.2 billion, a 12.32% increase from 2023. Gross earnings grew by 53.93% to N794.8 billion, driven by a 75.08% surge in interest and discount income. The group also recorded a remarkable 568.48% increase in net trading income, showcasing its resilience and growth in a challenging economic environment.
