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Seplat Energy reported a revenue of $840.7 million for Q1 2026, with a gross profit of $370.5 million. The company also announced a dividend of 9.0 cents per share, marking a 96% increase from the previous year's payout.
The BusinessDay Fintech Summit 2026 successfully convened key players in the fintech sector to discuss future alignment. Oxygen X played a pivotal role in driving the agenda forward.
Mike Adenuga Jr. is celebrated for his significant influence and achievements as he turns 73. His legacy continues to grow, marking him as a prominent figure in Nigeria's business landscape.
Airports in 145 countries are outsourcing their infrastructure to cut operational costs. This trend is supported by services like SITA Campus Network, which provides continuous operational assistance.
Dangote Cement Plc achieved a profit after tax of N321.1 billion for Q1 2026, reflecting strong financial performance. The company's capacity has also expanded to 55 million tonnes, indicating growth in operations.
Champion Breweries Plc reports a remarkable 69% growth in revenue, marking a significant milestone in its 52-year history. The acquisition of Bullet is seen as a pivotal move for the company's future expansion.
Egbin Power Plc has confirmed the death of a contractor during maintenance operations at its Lagos facility. The incident highlights safety concerns in the energy sector.
Terfa Tilley-Gyado has been appointed to lead Temple Company as founder Idris Olorunnimbe steps down. This leadership transition coincides with the company's 10th anniversary.
Bodex Media has celebrated Mike Adenuga's remarkable 73-year journey as a prominent businessman. The tribute highlights his significant contributions to the African business landscape.
Cutix PLC has recognized its top distributors for 2024 by awarding them cars, fridges, and generating sets. This initiative aims to motivate and appreciate the efforts of their distributors in promoting the brand.
Ecobank Transnational Incorporated has reported a profit after tax of N197.5 billion for Q1 2026, largely driven by growth in interest income. This marks a significant financial achievement for the bank.
Meta has increased its capital expenditures for the year to between $125 billion and $145 billion, focusing on AI investments. However, the company has not specified how these expenditures will lead to profits.
Samsung Electronics has reported a record quarterly profit, driven by the booming demand for AI technology. The company, alongside SK Hynix, is a major supplier of high-performing chips essential for the rapidly evolving AI industry.
Egbin Power Plant has halted operations following the death of a contractor during underwater repairs. The facility will undergo safety checks and assessments before resuming operations.
The article emphasizes the importance of negotiation as a strategic skill in organizations. It highlights that effective negotiators are not only good speakers but also attentive listeners.
The article from BusinessDay discusses various business trends and insights relevant to Nigeria. It highlights the evolving economic landscape and opportunities for growth.
TotalEnergies has reported a net income of $5.4 billion for the first quarter, exceeding expectations. The company is also increasing dividends and share buybacks due to profits linked to the ongoing war-related market conditions.
Small firms are struggling more due to execution gaps and poor cash management than a lack of opportunities. Founders' limitations also play a significant role in their survival challenges.
Edo State Miners Association accuses the NSCDC of extortion regarding royalty payments, which the NSCDC denies, claiming impersonation is involved. The disagreement highlights ongoing tensions between miners and security agencies in the region.
OneDosh has partnered with PlaywithTomide to enhance cross-border payment processes for Nigeria's gaming sector. This collaboration aims to improve financial services for gamers in the country.
NNPC Limited has pledged to enhance the lives of over 200 million Nigerians, emphasizing that their success is measured by positive social impact rather than just oil production. This commitment aims to foster broader community development across the nation.
Interswitch hosted a Retail Summit to discuss payment innovation and the future of retail in Nigeria. Key stakeholders gathered to explore strategies for enhancing efficiency in the retail sector.
FATE Foundation celebrates 26 years of empowering Nigerian entrepreneurs. The organization has significantly contributed to the growth and sustainability of businesses in Nigeria.
Greenplinth Africa has secured a $10 billion investment agreement with Allgreen Energy NV to enhance clean cookstove production in Nigeria. This partnership aims to promote sustainable energy solutions in the country.
A Uyo brewer's recent acquisition of Bullet marks a significant shift in Nigerian corporate mergers and acquisitions. This move indicates a new era of ambition within the country's business landscape.
Champion Breweries Plc has announced its Q1 financial results for 2026, highlighting a transition to a consolidated Group reporting structure. This marks a significant milestone for the company as it aims for improved financial transparency.
NECA has urged employers and policymakers to enhance psychosocial work environments for sustainable growth. This call aims to foster healthier workplaces across Nigeria.
Shareholders of Nigerian Breweries Plc have praised the company's strong recovery and improved profitability for the 2025 financial year. This positive performance is attributed to disciplined management strategies.
NGX shareholders praised the board's performance during the 65th AGM, approving a N2.00 dividend and a bonus share issue. They emphasized the importance of maintaining a focus on sustained growth.
Konga Health and CeraVe have awarded creators with N12 million and trips to Paris, celebrating innovation in the beauty industry. This initiative highlights the fusion of technology and creative storytelling in redefining beauty narratives.