Folake Balogun is an Economics correspondent at BusinessDay. She specializes in finance, investment, and the broader themes of business and economics, with a particular focus on Nigeria and African markets, including topics such as inflation and the energy sector. Folake's insights and analyses have been featured in Next Billion and BusinessDay.
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Nigeria (National)
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Folake Balogun's coverage is primarily focused on finance, economy, and business in Nigeria. She frequently relies on press releases and cites data to support her articles.
To effectively reach out to Folake, consider providing access to exclusive or proprietary data related to Nigerian banks, business trends, economic indicators, or investment insights. Providing commentary from reputable financial analysts or industry insiders with a focus on the Nigerian market could also be of interest.
Given the dominance of topics related to Nigerian banks, business trends, economy and investments in her coverage area, pitches should align closely with these themes while focusing specifically on how they relate to developments within Nigeria.
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BUA Foods, a fast-moving consumer goods firm, recorded a 91 percent after-tax profit growth to N201.4 billion in the nine months of 2024...
The CBN's electronic payment statistics report has shown that Nigerians performed 252.06 million transactions which totalled N2.19 trillion carried
These industry actors made this known while speaking at SPROUT 2024, hosted by GoodTenants, which convened industry leaders, innovators, and visionaries to address the theme, ‘Pioneering the Future.'
The four firms' after-tax profit stood at N45.89 billion in the nine months of 2024, driven by petrol subsidy removal.
By: Folake Balogun
Adegbite Falade, the chief executive officer of Aradel Holdings Plc said in a statement that the result was consolidated on the strong operational and financial improvements attained in 2023.
By: Folake Balogun
Nigerian and other African banks are expected to be confronted with a tough operating environment next year as nations grapple with high...
This was disclosed in Afreximbank Research's report titled ‘Rising Gulf Investments in Africa – Unlocking Opportunities and Navigating Challenges' released in December, 2024.
By: Folake Balogun
These firms have been faced with economic headwinds such as Naira devaluation which led to a record of foreign exchange losses and rising interest
After-tax profit grew t0 N9.18 billion in nine months of 2024 from N4.96 billion in the same period of 2023.
This was said in its latest report, titled ‘Progress on Corporate Climate-related Disclosures – 2024 Report,' where the IFRS Foundation highlighted
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