Live intelligence from 10+ verified Nigerian and UK sources
Ikeja Electric has apologized for the ongoing power outages in Lagos, citing reasons for the disruptions. The company aims to address the issues affecting electricity supply in the state.
MeCure Industries Plc reported a remarkable 136% increase in pre-tax profit, reaching N1.92 billion in Q1 2026. Additionally, the company's revenue rose by 52%, showcasing strong financial performance.
Niyi Agoro emphasizes the commitment of Continental Hotels Group to foster an environment for excellence. The focus is on enabling their workforce to thrive as they celebrate May 1.
Yehia El-Mansoury has been appointed as the general manager of Radisson Blu Hotel Lagos Ikeja. This leadership change is expected to enhance the hotel's operations and guest experience.
Ngozi Akinyele emphasized the significance of trust and clarity in organizations for achieving sustainable success. Her insights were shared during The Platform event.
FirstBank has appointed Ijabiyi as the new Group Head of Marketing and Corporate Communications. This move is aimed at strengthening corporate governance during a crucial phase of the bank's growth.
The federal government has resolved a 20-year dispute with Bi-Courtney, allowing regional flights to relocate to Murtala Muhammed Airport terminal two (MMA2) in Lagos. This development is expected to enhance air travel efficiency in the region.
The federal government has resolved a 20-year dispute with Bi-Courtney, allowing regional flights to relocate to Murtala Muhammed Airport terminal two (MM2) in Lagos. This move is expected to enhance air travel efficiency in the region.
The article discusses the complexities and challenges of leadership communication. It emphasizes the importance of clarity and directness in conveying messages effectively.
Dangote Petroleum Refinery has decided to recall engineers who were previously redeployed. This move aims to enhance operational efficiency across its business units.
Optiva Capital Partners honors its workforce on Workers' Day, recognizing them as essential to its leadership in Africa. The celebration highlights the company's commitment to its employees.
The Jerry Eze Foundation has awarded N1 billion in grants to support 240 small and micro business owners in Abuja. Each recipient received financial assistance to help grow their enterprises.
Access Holdings Plc has achieved a significant milestone by surpassing the N1 trillion profit mark for the first time in the Nigerian banking sector. This accomplishment highlights the company's strong performance in its full-year 2025 results.
Corporate Nigeria faces significant risks as weak internal controls have led to massive fraud. Over fifty-two billion naira has reportedly been lost from banks due to these vulnerabilities.
The Group Managing Director of Xtralarge Farms and Resorts advocates for a significant transformation in Nigeria's agricultural sector. He emphasizes the need to modernize farming to make it a profitable enterprise.
Nigerian airlines have managed to continue operations despite facing severe challenges from rising jet fuel prices. The situation is a result of ongoing conflicts in the Middle East affecting fuel costs in Africa's largest oil producer.
A Federal Capital Territory High Court has dismissed a suit against Parallex Bank regarding a N4.5 billion debt. The court upheld Parallex Bank's position, favoring the bank in the legal dispute.
Fidelity Bank announced the retirement of Mrs. Bammeke, an independent non-executive director, who has significantly contributed to the bank's growth since joining in 2021. Her outstanding performance in various board committees was highlighted in the announcement.
The Jerry Eze Foundation has distributed N1 billion in grants to 240 Nigerian entrepreneurs, providing each with approximately $3,000. This initiative aims to support small and micro businesses in scaling and transforming their operations.
The article from BusinessDay discusses various business trends and insights for May 2026. It highlights key developments in the Nigerian economy and market dynamics.
Seplat's Q1 revenue increased to $840.7 million, with a gross profit of $370.5 million. The company also reported a 62.7% rise in profit after tax and a significant dividend increase of 96% year-on-year.
A Federal High Court has issued an interim injunction preventing MTN Nigeria and Airtel from disrupting Nairtime's airtime and data credit services. This ruling aims to protect consumer access to these essential services.
Lafarge Africa Plc has seen its profit after tax double to N97.95 billion in Q1 2026, thanks to strong sales and effective cost management. This significant growth reflects the company's robust performance in the market.
Geregu Power has reported a remarkable N60.7bn equity growth in Q1 2026, alongside a strategic reduction in debt. This indicates a strong financial performance and positive outlook for the company.
A contractor has tragically died in an accident at the Egbin power plant during maintenance work. The company has initiated a thorough investigation into the circumstances surrounding the incident.
The Jerry Eze Foundation has awarded $3,000 each to 240 entrepreneurs in Nigeria to help scale their businesses. This initiative is part of a N1bn philanthropic effort to support local entrepreneurship.
Festus Keyamo has played a crucial role in revitalizing Nigeria's aviation sector, addressing critical issues that threatened its collapse. His efforts have led to improvements in airline operations and airport conditions.
Nigerian airlines are facing significant disruptions due to fuel scarcity and rising fares linked to global energy supply issues. The situation is exacerbated by the ongoing Iranian war affecting the availability of aviation fuel.
MeCure Industries Plc has reported a remarkable 52% revenue growth in Q1 2026. The company successfully navigated a challenging macroeconomic environment in Nigeria and globally.
Niyi Agoro emphasizes a shift from traditional personnel management to a holistic, people-centric model in his role at Lagos and Abuja Continental Hotels. This transformation aims to enhance organizational effectiveness and integration.