…management, net profit after tax surged 53.2 per cent year-on-year to N25.30bn. Basic earnings per share subsequently expanded to 1,155 kobo, compared to 754 kobo in H1 2025. “The expansion in net profit reflects significant improvements in capital efficiency, reduced net borrowing costs, and disciplined execution acro…
The Canadian military has published the monthly salaries of officers above the rank of captain and major, revealing what top-ranking personnel earnA Brigadier-General receives $18,565 (N25,595,008) in the first month after promotion, with pay rising steadily with years of serviceOfficers at the Lieutenant-General level…
…an opportunity to expand the monetisation of its vast gas reserves, increase export earnings and strengthen its position as a major supplier in the emerging African gas market. With the signing of the intergovernmental agreement by ECOWAS member states, the project has now moved beyond its initial political and plannin…
…€10 million, with performance-related bonuses of up to €2 million potentially taking his earnings to €12 million per year. The reported agreement has not yet been described as a completed transfer, with the two parties said to have reached a verbal understanding while final steps remain outstanding.Salah, widely regard…
…institutions. “This action clearly shows the Governor’s willingness to listen to the yearnings of the people and prioritise communal harmony above political divides.” BACCODA said it was optimistic that resolving the chieftaincy matter would reinforce ongoing peace-building efforts across Wase and contribute to greater…
…oil production performance in more than six years, raising expectations of higher export earnings, stronger foreign exchange inflows and improved government revenues if current price levels are sustained. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria’s average daily…
…investments in education, healthcare and skills development to improve productivity and earnings. The World Bank also linked poverty reduction to improvements in human capital. It warned that learning poverty remains widespread, with 84 per cent of children aged between five and 14 unable to read age-appropriate texts…
…Paris and Frankfurt opened lower. Investors are looking ahead to a big week, with earnings season about to kick off, Fed boss Kevin Warsh due to testify in Congress and US inflation data set to be released. Meanwhile, Fed governor Christopher Waller stoked concerns over an early interest rate hike as inflation remains…
…oversight of revenue-generating agencies as part of efforts to improve government earnings, enforce compliance with the Fiscal Responsibility Act and ensure proper remittance of operating surpluses into the Consolidated Revenue Fund. The Finance Committee has also been scrutinising the impact of tax waivers and import…
…remains legally unable to reward its shareholders due to the massive negative retained earnings sitting on its balance sheet from the 2025 financial year. \To remedy the situation, International Breweries plans to deploy a portion of its Share Premium Account to absorb and completely wipe out the N191,032,749,000 accum…
…cannabis, prostitution, operating and managing an unlicensed brothel, living on the earnings of prostitution, and other related offences under the laws of Ogun State. The police spokesman further revealed that some of the suspects were already assisting investigators with useful information that could lead to the arres…
…Girlfriend’s Salary According to the X user , his girlfriend disclosed her monthly earnings to him and opened up about her financial struggles. However, he surprised her with ₦150,000 and a few days later, his girlfriend accidentally sent him a screenshot of her salary alert, ₦420k Sharing details of her respo…
…say investors and businesses are closely monitoring foreign exchange inflows, crude oil earnings, and monetary policy decisions, as these factors continue to shape the naira’s performance. Exchange Rates for July 8, 2026 Official NFEM rate: ₦1,372.96 per US dollar Parallel market buying rate: Around ₦1,400 per US dolla…
…of $789,950 through Samaila Bala, which amount did not form part of your known lawful earnings as a former public officer with the Nigerian National Petroleum Company Ltd (formerly Nigerian National Petroleum Corporation), when you knew that the said sum of $789,950 constituted proceeds of unlawful activity, and you th…
…profit. The PUNCH spoke to industry analysts who attributed the improvement to stronger earnings, deleveraging, and increased access to equity financing following the rally in the Nigerian capital market, which reduced dependence on expensive bank borrowings. The biggest contributor to the decline came from Dangote Sug…
…of his income. To earn extra income, he took on extra freelance projects to increase his earnings, saving even more money. His parents also financially supported his move, Robert said. "I’ve had this idea since my 200-level," he said. "So it’s not something that I just woke up and said, ‘I want to study abroad.’ Every…
…he said, adding that inflation has further reduced the real value of healthcare workers' earnings. On past efforts to curb brain drain, he criticised restrictive measures that limited doctors' access to international training opportunities, arguing that such policies were counterproductive. "At one point, the Federal G…
…the importance of maintaining investor confidence and expanding foreign currency earnings to support the Naira's longer-term stability. (NAN)
…he refused to be part of them. To survive, he became a blacksmith. He used 10% of his earnings and some of his tools to support research in the solar energy field. He supported technicians, university students, and master’s degree students. He would say, “This is your job. You need to spread your knowledge to educate p…
…instead of waving away heat with hand-held paper paddles. "We used to spend most of our earnings buying fuel," says Bulus Yusuf, a welder whose workshop sits near the market road. "Sometimes you make money all day, and almost everything goes back into the generator." Before the mini grid Yusuf spent estimated ₦60,000 t…
This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Fintechs built their reputation by making payments faster and replacing many physical banking functions with…
…government is reportedly considering measures-perhaps before Christmas-to improve the earnings of retirees under that scheme. Some pensioners currently receive less than N20,000 monthly, depending on when they made their contributions and when they retired," he stated. On gratuity payments, the NLC president argued tha…
…relative to the market is one of the most unexpected outcomes of 2026, given that FUGAZ earnings have broadly been strong. The explanation lies partly in valuation - banks were already priced for significant growth entering the year - and partly in the CBN's new regulatory policy outlook that has triggered June's corre…
…to N12.01 billion from N6.49 billion in the previous year, reflecting robust growth in earnings, while profit after tax stood at N9.74 billion. The improved profitability translated into stronger shareholder returns, with earnings per share rising to N7.20 from N3.57 in 2024. SAHCO also strengthened its balance sheet d…
…locally, create jobs for our young people, strengthen the local economy, and improve the earnings of livestock farmers through value addition," he said. Radda also reiterated the state's commitment to working closely with the Federal Government, development partners, investors, and other stakeholders to modernise agric…