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Mutual Benefits Assurance reported a 45% increase in annual profit, driven by a 19.6% rise in insurance revenue to N80 billion. Nigeria was the primary contributor, accounting for over three-fourths of the revenue.
Airtel Africa has initiated a new share buyback programme as part of its capital allocation strategy. This move underscores the company's commitment to enhancing shareholder value across its operations in 14 African markets.
The Lagos Commodities and Futures Exchange (LCFE) is urging brokers to enhance their product innovation skills to strengthen the commodities market. CEO Akin Akeredolu-Ale emphasizes the importance of understanding product generation and packaging.
Wema Bank Plc has announced its ambition to achieve tier-1 status, indicating a significant strategic shift. The bank is also hinting at potential future acquisitions to support this goal.
Spree Casino has announced that the first prize redemption process may take longer than anticipated due to various factors involved in the claim request. Players are encouraged to be patient as the casino works to streamline the process.
DLM Securities has launched the 'DLMSecuritiesGivesBack' initiative, offering clients a 10% cashback to boost retail investment in the capital market. This move aims to enhance investor participation and engagement.
A Federal High Court has allowed Malabu Oil & Gas Limited to pursue a judicial review regarding the division of OPL 245. This decision could impact the allocation of oil resources in Nigeria.
Fortune Rice Mill Limited has reaffirmed its dedication to maintaining environmental standards in response to recent reports. The company aims to clarify any misconceptions regarding its environmental practices.
Fortune Rice Mills Limited has reaffirmed its dedication to maintaining environmental standards amidst recent allegations. The company aims to clarify and counter the negative reports regarding its operations.
Dangote Cement Plc has launched three empowerment programmes aimed at supporting farmers, women, and youths in Benue State. This initiative is part of their commitment to community development in the region.
Prince Osunbade Oluwaseun, CEO of Roclid Global Investment, has been inducted as a Life Member of the Chartered Institute of Directors. This recognition underscores RGI's commitment to corporate professionalism.
Experts highlight that trust deficits are hindering diaspora investment in Nigeria's real estate sector. A virtual summit discussed strategies to bridge this trust gap and encourage investment.
Fortune Rice Milling Company has responded to the sealing of its Kano facility by NESREA, denying allegations of environmental negligence. The company has outlined its plans for corrective measures to address the concerns raised.
The Nigerian mining sector is experiencing a revival due to reforms initiated by President Tinubu, which are attracting new investments. The government is focusing on lithium processing, gold refining, and combating illegal mining activities.
The FCCPC has sealed the offices of Ochacho Real Estate and TI’Bilon Construction for non-compliance with consumer protection regulations. This action underscores the agency's commitment to enforcing the Federal Competition and Consumer Protection Act.
BUA Cement has reported strong performance for 2025, leading to the approval of a N10 dividend per share for its shareholders. Chairman Abdul Samad Rabiu expressed gratitude for the shareholders' loyalty and trust in the company's leadership.
The article from BusinessDay discusses various business trends and updates in Nigeria. It highlights key developments that could impact the economic landscape in the coming months.
The Dangote Refinery IPO is generating significant buzz across Africa, highlighting its potential impact on the market. Aliko Dangote and Femi Otedola are key figures in this discussion among banking executives.
Eko, Ikeja, and Abuja Electricity Distribution Companies have successfully metered 241,590 customers in just two months. This achievement highlights the progress in electricity distribution, although other regions like Jos and Kaduna are lagging behind.
International Energy Insurance (IEI) Plc has launched a N17.5 billion public offer to enhance its capital base and operations. This initiative is part of the company's broader recapitalisation strategy.
Amobi Edeh Beneth is gaining recognition for his role in fostering trust within Nigeria's real estate sector. His influence is seen as pivotal in redefining industry standards during a critical time.
Domestic airlines in Nigeria are likely to reduce flight fares next week due to a decrease in aviation fuel prices. This follows the Dangote Refinery's reduction of Jet A1 fuel to N1,650 per litre.
SAHCO and BASL are enhancing their collaboration to improve service delivery in the aviation sector. This partnership aims to boost operational efficiency and customer satisfaction.
Nigerian DisCos have installed 241,590 electricity meters, addressing some billing complaints. However, millions of consumers remain unmetered, continuing the issue of estimated billing.
Nigerian builders are urging for more durable plumbing solutions to enhance the safety and longevity of buildings. Kazeem Royal Properties is at the forefront of this initiative.
Lagos Continental Hotel has launched a new training academy aimed at equipping young Nigerians and hospitality workers with vital skills. This initiative is expected to enhance career development in the hospitality sector.
Wema Bank's Managing Director announced plans to conserve capital for future acquisitions, targeting tier-one status. The bank is focused on growth and enhancing its financial performance.
Seplat Energy's shareholders have approved a total dividend of 25.0 US cents per share for 2025, indicating robust growth. This decision reflects the company's commitment to delivering value to its investors.
Consolidated Hallmark Holdings Plc has reported a remarkable 47% revenue growth and proposed a record dividend of 25k for 2025. This achievement highlights the company's resilience in the face of economic challenges.
Ben Murray-Bruce has stepped down as Chairman of Silverbird Group and appointed his brother to the position. This change highlights the family's continued involvement in the company.