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1 week ago | 
businessday.ng | Ifeoluwa Adebayo
Financial experts have emphasised the urgent need to implement strategic policies to foster the growth and resilience of small and medium enterprises (SMEs) in Nigeria. Speaking at the Vanguard Economic Discourse on Thursday, Femi Egbesola, president of the Association of Small Business Owners of Nigeria (ASBON), expressed concerns over the federal government’s approach to engaging private sector stakeholders, particularly small and medium enterprises (SMEs).
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1 week ago | 
businessday.ng | Ifeoluwa Adebayo
Consolidated Hallmark Holdings (CHHOLDCO) Plc has seen its earnings shoot up to the highest on record since listing on the NGX as after-tax profit surged 495 for the year ended December 31, 2024, driven by the adoption of a holding company structure on January 1, 2024. The Group currently stands as the parent body for Consolidated Hallmark Insurance Limited, CHI Micro Insurance Limited, CHI Health Management Organisation, CHI Capital Limited, and Grand Treasurers Limited.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Nigeria’s economic hardship coupled with capital flight and declining investor confidence are products of policies introduced without “adequate safeguards”, according to Yemi Kale, chief economist at the African Export-Import Bank. The chief economist stressed that policymakers must shift its focus from merely creating government policies to effectively implementing them in a way that builds public trust.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
VFD Group Plc, a proprietary investment company in Nigeria, recorded a 1,260 percent growth in after-tax profit for the year ended December 31, 2024, rebounding from a loss recorded in 2023. According to the company’s audited financial statements, the company recorded an after-tax profit of N8.7 billion, more than double from a loss of N750 million in 2023 and the highest annual profit in the company’s history since listing on the Nigerian Exchange in 2022.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Nigeria’s housing crisis with an estimated 28 million deficit continues to escalate as limited funding for local production stifles efforts to address the country’s growing demand for affordable homes.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
The Nigeria Fellowship of Evangelical Students Alumni Fellowship (NIFESAF) of the Enugu State University of Science and Technology (ESUT), Lagos Chapter has hosted its 5th Business and Career Expo, creating a platform for small businesses and entrepreneurs to exhibit their products and services. The event themed “Gaining the Competitive Edge,” was held on Saturday and it underscored the importance of innovation and effective business strategies in achieving market differentiation.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
BUA Foods Plc, one of Nigeria’s leading fast-moving consumer goods companies, has recorded a 109 percent growth in revenue, crossing the trillion-naira mark for the first time since 2021. According to the company’s audited financial statements for the year ended December 31, 2024, BUA Foods recorded revenue of N1.53 trillion, more than double from the N729.4 billion in 2023 and the highest annual revenue in the company’s history since listing on the Nigerian Exchange in 2021.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
AfrexInsure, the insurance subsidiary of the African Export-Import Bank, has announced its collaboration with Oando Plc as one of its strategic partners to protect the bank’s investment in Oando’s operations in Nigeria through tailored specialty insurance solutions. This was revealed in a statement by the APO Group on behalf of Afreximbank on Monday.
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3 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Unilever Nigeria Plc through its Pepsodent brand has championed proper oral healthcare by educating students at the Lagos school awareness campaign on the essential habits needed for strong and healthy teeth. In commemoration of World Oral Health Day 2025, Pepsodent, a voice on oral hygiene advocacy, carried out a nationwide school awareness campaign in select schools to promote healthy oral habits among Nigerian children.
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3 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Ikeja Hotels Plc, one of Nigeria’s largest hospitality companies, has recorded a 247 percent increase in after-tax profit driven by revenue growth from higher occupancy rates and a surge in room sales. Despite the rise in the cost of sales and administrative expenses, the company demonstrated improved cost efficiency as rise in revenue exceeds expenses, contributing to a surge in profit.
