NGX Group, the holding company of the Nigerian Exchange Limited, has delivered its strongest financial performance since demutualization, reporting profit after tax of N15.6 billion for the 2025 financial year. The board has declared a final dividend of N3.00 per share alongside a 1-for-3 bonus share issue, rewarding shareholders who have backed the exchange operator through its transformation from a mutual entity to a publicly listed company. For investors tracking Nigeria’s capital market infrastructure, these results matter beyond the headline numbers. NGX Group sits at the center of every trade, every listing, and every capital raise in Africa’s largest economy.…
Author: FinTech Today
Nigeria Remains Top African Crude Supplier to US With 46.6m Barrels Nigeria has maintained its position as the leading African crude oil supplier to the United States, exporting a total of 46.6 million barrels of crude in 2025, according to the latest trade data. The U.S. Energy Information Administration (EIA) and industry analysts report that Nigeria outpaced other African oil exporters, including Angola and Algeria, in supplying crude oil to America’s refining sector, reinforcing the country’s strategic role in trans-Atlantic oil trade. Strong Nigerian Exports Despite Global Market Shifts The United States remains a critical destination for Nigerian crude, even…
MTN Nigeria Rebounds to N1.7 Trillion Profit in 2025, Proposes N15 Final Dividend MTN Nigeria has delivered one of the most remarkable corporate comebacks in Nigerian history. After posting a devastating N137 billion loss in 2023, the telecom giant roared back to record a pre-tax profit of N1.72 trillion in 2025, with profit after tax hitting N1.19 trillion. The company has proposed a final dividend of N15 per share, bringing total 2025 payout to N23.60 per share when combined with the interim dividend already paid. For investors who held through the 2023 crisis, this represents validation. For those who sold…
Orient Petroleum MD, Foundation Jailed 14 Years Over N25bn Fraud Awka, Anambra State – An Anambra State High Court has sentenced the Managing Director of Orient Petroleum Resources Plc, Engineer Nnaemeka Nwawka, and the Sage Nebefeife Foundation to 14 years’ imprisonment each over a ₦25 billion fraud conviction, the Economic and Financial Crimes Commission (EFCC) has confirmed. Justice O. M. Anyachebelu convicted the defendants following a decade-long trial on ten counts of stealing, fraudulent conversion, and gratification after they pleaded not guilty at their arraignment. Details of the Case The prosecution, led by the EFCC, presented evidence showing that millions…
When BUA Cement released its full-year 2025 financial results last week, even seasoned market analysts did a double-take. The numbers weren’t just good—they were historic. Pre-tax profit surged 367% to N465.28 billion, while profit after tax hit N356.04 billion, representing an almost five-fold increase from the previous year. For a company that was already Nigeria’s fifth-most valuable listed stock, this performance raises a critical question for investors: Is this the new normal for Nigeria’s cement sector, or are we looking at a peak before consolidation? I’ve been tracking BUA Cement since its 2020 listing, and these results represent more than…
Introduction Rwanda has achieved a major milestone in healthcare delivery by becoming the first country in Africa to deploy a nationwide Zipline drone delivery service for health products. This expansion not only reinforces Rwanda’s reputation as a leader in tech-enabled public services but also highlights the increasing role of autonomous delivery and robotics in solving access challenges across the continent. At FintechTodayNews.com, we break down what this means for healthcare logistics, digital infrastructure, and Africa’s evolving tech ecosystem. What Zipline’s Nationwide Coverage Means Zipline, a U.S.-based robotics and logistics company, operates a fleet of autonomous drones that deliver blood,…
Introduction Have you ever called someone only to see “Private,” “Unknown,” or “Withheld” instead of your phone number on the recipient’s screen? This can be confusing — especially when people don’t pick up calls or you’re trying to be contacted back. There are several reasons your number might display this way, from network settings to carrier policies or even intentional privacy settings on your device. At FintechTodayNews.com, we explain why it happens and how you can fix it, whether you’re on MTN, Airtel, Glo, 9mobile — or a VoIP service. Why Your Phone Number Shows as Private Caller ID Is…