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FirstHoldCo has reported a remarkable 72% increase in profit for Q1 2026, reaching N321 billion. The company attributes this growth to its ongoing strategic reset aimed at positioning for future success.
Sunbeth Global Concepts has announced a commitment to train 100,000 farmers by 2040. This initiative aims to enhance agricultural practices and promote sustainability in farming across West Africa.
Dangote Cement is set to pursue a secondary listing on the London Stock Exchange and plans to sell a 10% stake to foreign investors. This move aims to attract global capital and enhance its market presence.
SheVentures has launched applications for zero-interest loans of up to ₦10 million aimed at women entrepreneurs. This initiative is designed to facilitate access to working capital and promote business growth among women.
Sunbeth Global Concepts Ltd plans to launch processing plants for 70,000 MT of cocoa and 80,000 MT of cashew in March 2027. This initiative aims to enhance Africa's export capacity in these commodities.
Jumia Technologies is planning to reduce its workforce by at least 200 jobs in the coming quarters. This move is part of a strategy aimed at improving profitability.
The NRS has introduced weekend operations to assist taxpayers with tax filing compliance. This initiative aims to provide guidance and support for timely tax obligations.
A coalition of advocates has criticized the NNPCL's refinery deal with Chinese firms, calling for an investigation into previous expenditures of $1 billion. They argue that transparency is essential for accountability in the oil sector.
IHS Towers has finalized the sale of its majority stake in I-Systems to TIM S.A. as part of a significant portfolio restructuring. This move marks a strategic shift for the company in the telecommunications sector.
Jumia Group's revenue increased by 39% in the first quarter, reflecting the success of CEO Francis Dufay's restructuring efforts. This positive trend indicates a strong recovery for the company.
Guinea Insurance Plc has reported positive financial results for the period ending March 31, 2026, indicating a strong recovery. The company's performance shows a resilient top line and a strengthened asset base.
African airlines have achieved a remarkable 19.2% increase in passenger demand, leading global growth. This surge comes despite ongoing geopolitical tensions, showcasing the resilience of the African aviation sector.
ValueJet has launched a new domestic route from Lagos to Benin City, enhancing its service offerings. This expansion aims to improve connectivity within Nigeria.
Delta is set to implement a four percent pay raise for eligible employees globally, marking the fifth consecutive year of salary increases. This decision reflects the company's commitment to investing in its workforce.
Strategic partnerships in sports and digital entertainment are transforming investment trends in emerging markets. This shift is particularly notable across Africa, Asia, and Latin America.
The article discusses the significance of professional indemnity insurance for individuals in various professions. It highlights how such insurance can protect professionals from potential legal claims and financial losses.
DAAR Communications Plc claims that the discrepancies in its shareholding records on the CAC portal do not match its official records. The company is currently reviewing these issues with the relevant authorities.
OPay has teamed up with the Central Bank of Nigeria to promote financial literacy among youth during Global Money Week 2026. This partnership aims to empower young Nigerians with essential financial knowledge.
Interswitch has launched a smart parking system at Asaba International Airport to enhance operational efficiency. This initiative aims to streamline parking management and improve the overall passenger experience.
GBHub Africa has invested N150 million in Inyene Agro Processing Factory to tackle post-harvest losses in agriculture. This investment aims to enhance food processing and support local farmers.
Dangote Industries Ltd plans to increase dollar bond sales to attract global investors. This move aims to support the company's growth initiatives.
Dangote Industries Ltd plans to increase dollar bond sales to support its growth initiatives. The company aims to attract global investors for additional funding.
Tosin Eniolorunda, CEO of Moniepoint, is facing significant backlash for claiming a shortage of talent in Nigeria. His comments have sparked a debate about the capabilities of the Nigerian workforce.
Emirates Group has reported a 3.0% increase in annual profits, reaching a record pre-tax profit of $6.6 billion. The company also boasts record cash assets of $16.2 billion despite ongoing conflicts in the Middle East.
The NADDC and RMRDC are focusing on local technicians and innovation to rejuvenate Nigeria's automotive sector. This initiative aims to enhance local capacity and reduce reliance on imports.
OPay has teamed up with the Central Bank of Nigeria to promote financial literacy among youth during the Global Money Week 2026. The event aims to enhance understanding of smart financial practices.
Access Holdings Plc has confirmed its focus on long-term shareholder value after a strong performance in 2025. The company also clarified its decision regarding the non-payment of dividends for the year.
Operations at Abuja's Nnamdi Azikiwe International Airport are currently normal, but ground handlers are facing uncertainty as they await a strike directive. This situation could impact airport operations if the strike is initiated.
Shell's quarterly net profit rose by 19% to $5.69 billion, driven by high oil prices amid ongoing conflicts. This marks a significant increase from $4.78 billion in the same period last year.
Dangote plans to expand into the power sector with a new 20,000MW plant to address Africa's power deficit and enhance industrial output. Additionally, dividends from the Dangote refinery will now be paid in dollars.