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Transnational Corporation Plc has announced a dividend of N20.3 billion, equating to N2.00 per share, during its 20th Annual General Meeting in Abuja. This move is expected to delight shareholders and enhance investor confidence.
The aviation union has raised alarms over the severe jet fuel shortages in Nigeria, warning that the situation is pushing the industry to its limits. This crisis could have significant implications for air travel and operations in the country.
Six insurance firms are actively seeking to raise N60 billion ahead of the July 30, 2026 recapitalisation deadline. This move highlights the urgency within the insurance sector to strengthen their financial positions.
Tola Talabi's proposal for a dedicated power ring around Victoria Island aims to address the ongoing power challenges faced by businesses. This initiative has caught the attention of experienced investors looking to enhance energy reliability in Nigeria's commercial hub.
Airtel Africa has reported a significant revenue growth of $6.415 billion and expanded its customer base to 183.5 million. This strong performance highlights the company's successful operations over the past year.
PTML has officially handed over a new ICT-enabled office to the Nigerian Customs. This initiative aims to improve operational efficiency and facilitate trade.
BetKing has launched BetKing TV, a digital content platform aimed at enhancing discussions on sports and youth culture. This expansion marks a significant step for the gaming and entertainment company in Africa.
VFD Group Plc reported a profit before tax of N5.19 billion for the first quarter of 2026. This marks a significant financial achievement for the company.
Financial Trust Company Limited, Nigeria's first indigenous brokerage firm, is celebrating its 50th anniversary and plans to expand across Africa. The firm aims to enhance its presence in the Pan-African market.
NECA has urged stronger collaboration with the Enugu State government during a courtesy visit to Governor Peter Mbah. The meeting highlights the importance of partnership between organized businesses and government for regional development.
Jaiz Bank Plc has achieved a remarkable 107% gain in the stock market, significantly outperforming its peers in the banking sector. This impressive performance highlights the bank's strong position in the financial market.
The NCRIB has praised the Nigerian government's infrastructure development efforts and endorsed Universal Insurance for increased patronage. This recognition highlights the positive impact of government reforms on the insurance sector.
Shareholders have expressed their satisfaction with Custodian Investment Plc following a significant earnings surge. The company's revenue rose by 48% and profit after tax increased by 22% in 2025.
Lafarge Africa Plc has proposed a dividend payment of N96.64 billion for its shareholders for the 2025 financial year. This marks a full payout of 100 percent, benefiting all shareholders significantly.
FCMB Group Plc has appointed Adepeju Adebajo as an Independent Non-Executive Director. This appointment follows the approval of the Central Bank of Nigeria.
Julius Berger Nigeria PLC has won the Best Construction Award in West Africa for the second consecutive year. The company was recognized for its innovation and commitment to nation-building.
Aliko Dangote is exploring the possibility of establishing a $17 billion oil refinery in Kenya, particularly favoring Mombasa's port. This decision comes as he weighs the market potential against options in Tanzania.
The Gidi Company has unveiled GIDI Mall 2.0, the tallest commercial building in Sangotedo, Lagos. This development marks a significant step in the commercial transformation of the Ajah-Sangotedo corridor.
The article emphasizes the importance of brand differentiation in Nigeria and Africa. It warns that sounding like competitors can lead to losing market relevance.
UBA has not commented on the situation involving bloggers accused of defaming Chairman Tony Elumelu. Both the Nigeria Police and DSS have denied holding the bloggers, raising questions about their status and due process.
OPay is pursuing a dual listing strategy to achieve its $4 billion IPO ambitions. The company aims to leverage this approach to enhance its market presence and attract more investors.
Nigerian banks are increasingly led by women, showcasing a significant achievement in gender representation. The article highlights the prominence of Yoruba women in executive banking roles, a feat not commonly seen in many European countries.
The Association of Motor Dealers of Nigeria has urged the Nigeria Customs Service to investigate allegations of corrupt practices regarding 'short payment' on imported vehicles. They are seeking accountability to ensure fair trade practices in the industry.
Mabel Adeteye from Wema Bank has been selected for the 2026 Cannes Lions global jury panel. This recognition highlights her significant contributions to the creative industry.
The National Association of Aircraft Pilots and Engineers warns that the Jet-A1 fuel crisis could jeopardize flight safety and lead to job losses in the aviation sector. Urgent action is needed to address this critical issue.
Jude Anele, CEO of Nova Commercial Bank, discussed the bank's strategic focus on sectors and regions with high unmet demand. He emphasized the importance of targeting these markets for growth and development.
Many Nigerian tech projects struggle to succeed due to various challenges faced by business owners. However, some smart businesses are adopting innovative strategies to navigate these obstacles effectively.
Niger State Governor, Mohammed Umaru Bago, has congratulated Mustapha Bello on his new role as chairman of the Board of Directors at Zenith Bank. This appointment is seen as a positive development for the bank and the state.
The article is part of the BD Sunday edition for May 10, 2026. It likely contains various business insights and updates relevant to that date.
Globacom is transforming connectivity in Nigeria, enhancing work, leisure, and communication. Their efforts are pivotal in integrating digital solutions into everyday life.