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BUA Foods Plc has reported a 14% increase in net profit despite a decline in revenue. This indicates strong management performance in challenging market conditions.
Casper Chidubem discusses concerns in the real estate market regarding the quality of buildings and the importance of home inspectors. He emphasizes the need for transparency in what is being sold to buyers.
Oando's shares rose by 9.1% to N47.5 per unit in Lagos following news of a proposed N220.8 billion rights issue. The company is currently awaiting regulatory approvals for this initiative.
FirstBank's Naira Credit Card offers enhanced spending power for everyday users, enabling them to transact globally with confidence. This initiative aims to meet the credit needs of the average Nigerian consumer.
The Asia-Africa Chamber of Commerce and Industry Nigeria Chapter aims to establish Nigeria as a key hub for trade between Asia and Africa. This initiative is expected to enhance economic ties and trade flows between the two regions.
Platnova Technologies Limited advocates for a unified payments system to enhance Africa's fintech sector. The company highlights the challenges posed by fragmented financial infrastructure across the continent.
Shareholders of Nigerian Exchange Group Plc have praised the leadership for its performance. They are encouraging continued focus on growth and value creation.
United Nigeria Airlines CEO Obiora Okonkwo highlighted the high insurance costs for Nigerian airlines, stating it costs $2 million to insure six planes. In contrast, insuring 25 planes in Europe costs the same amount, indicating a disparity in insurance rates.
BRIT Properties Nigeria Limited aims to become Africa's top affordable housing brand by 2030. The company is focusing on addressing the continent's housing gap.
NAICOM is collaborating with NASRDA to utilize satellite technology to improve access to insurance in Nigeria. This partnership aims to enhance the insurance sector's reach and efficiency.
African startup investors are increasingly turning to local capital as venture-backed exits hit a record high in 2025. This trend indicates a growing confidence in the local investment landscape.
IATA has recognized Festus Keyamo as one of Africa's top four aviators, highlighting his impactful leadership in Nigeria's aviation sector. This acknowledgment reflects significant reforms and progress in the industry.
A Federal High Court in Port Harcourt has annulled a disputed meeting of Springview and stopped the sale of its vessel. This ruling aims to address concerns over the legitimacy of the meeting.
Aliko Dangote is set to list a stake in his oil refinery, marking a significant moment for Africa's capital markets. This IPO could reveal the strength and depth of the continent's $560 billion investment landscape.
Heirs Insurance Brokers Limited has received the Nigeria Data Protection Commission's Audit Compliance Trust Mark for 2025. This certification highlights the company's commitment to data protection standards.
MTN Nigeria plans to sell its Youth Development Fund and 60% of its MoMo Payment Service Bank to MTN Group. Investors will still have a stake in the fintech business with MTN Nigeria retaining a 40% interest.
GTCO has reported a rise in interest income to N458 billion, showcasing growth in key income streams. However, this growth is significantly impacted by a sharp increase in income tax expenses, which reached N84.8 billion.
Mutual Benefits Assurance Plc has disbursed N13.6 billion in claims to its policyholders in the first quarter of 2026. This payout reflects the company's commitment to its clients in both General Insurance and Life Business sectors.
Dash Microfinance Bank has introduced a new policy that reduces transaction fees to a flat rate of N5. This initiative aims to make banking more affordable for its customers.
Ibukun Awosika has stepped down from the Board of Directors of Cadbury Nigeria Plc after almost 20 years of service. Her departure marks the end of a significant chapter in the company's leadership.
UAC of Nigeria Plc has seen its profit after tax increase over four times to N13.64 billion, driven by revenue growth. This significant rise reflects the company's strong performance in the market.
Tara Fela-Durotoye emphasizes the importance of structure and systems for 'campuspreneurs' to transition from small businesses to legacy enterprises. She advocates for early implementation of these frameworks to ensure long-term success.
UACN's acquisition of CHI Limited has significantly boosted its quarterly profit, increasing it by over four times. The company's shares have risen 64% this year, with a market capitalization of N482.8 billion.
The Lagos State Employment Trust Fund (LSETF) is launching a new entrepreneurship program aimed at female founders and funders. This initiative will run for six to eight weeks, supporting women's empowerment in business.
TotalEnergies reported a significant increase in profits for the first quarter, despite the ongoing conflict in the Middle East. The company has resumed operations at its Satorp refinery in Saudi Arabia after a temporary shutdown due to air strikes.
East African nations are planning a joint oil refinery at Tanga port in Tanzania. This initiative could attract investments from Africa's wealthiest individuals.
Lagos is increasing its local electricity generation and distribution with an additional 400 megawatts of supply. This move aims to address the ongoing issues with Nigeria's national grid and its inability to meet demand.
GTCO reported a profit of N303 billion in Q1, driven by strong interest income. However, profit after tax fell by 15.42% to N218.126 billion due to increased tax liabilities.
STL Trustees Limited celebrates its 30th anniversary and announces surpassing a N2 billion capitalisation threshold. The company aims to strengthen its market leadership and expand regionally.
Ashcorp Group is pioneering a new standard for corporate leadership by emphasizing social impact and health equity. This approach reflects a growing recognition of the importance of corporate responsibility in today's business landscape.