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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.
The Nigerian Shippers’ Council's Governing Board has praised APM Terminals for its high operational standards. This recognition highlights APM's role as a benchmark for port efficiency in Nigeria.
The Bank of Industry has been recognized as the Best Bank in Sustainable Finance in Nigeria at the 2026 Global Sustainable Finance Awards. This accolade highlights its commitment to sustainable financial practices.
The aviation union in Nigeria has accused AMCON of mismanaging Aero Contractors, pointing to issues like funding refusal and lack of expertise. This situation is seen as jeopardizing the future of the airline.
MTN Nigeria has trained 18 women in digital skills related to Artificial Intelligence. This initiative aims to help them earn income in foreign currencies.
BUA Cement Plc has rewarded its distributors with a total of N4.5 billion. Chairman Abdul Samad Rabiu made the announcement, highlighting the company's commitment to its distribution network.
The article emphasizes the need for the Nigerian government to foster an environment conducive to small business growth. It highlights the entrepreneurial spirit among the youth in Nigeria.
Tina Nwanya is transforming Nigeria's travel industry by focusing on innovation, transparency, and affordability. Her efforts aim to make travel more accessible for Nigerians.
Apple has achieved record earnings for its March quarter, largely fueled by high demand for the iPhone 17. The company faces future challenges despite its financial success.
UBA is fostering stronger collaborations between banks and fintech companies at a pan-African conference. The event gathered over 20 key fintech players and stakeholders to discuss future partnerships.
Dangote refinery has reinstated previously dismissed engineers following an internal review. The company has issued a warning to ensure no further misconduct occurs.
Dangote Refinery has recalled engineers who were redeployed after facing internal disciplinary actions. This decision comes as part of a conditional pardon aimed at addressing operational disruptions.
Ethnocentrique has wrapped up The Fashion Games, creating 10,000 jobs through its fashion future program. This initiative marks a significant step forward in the Nigerian fashion industry.
The Federal Government is working to resolve a 20-year dispute with Bi-Courtney over the Lagos airport concession. Both parties have agreed to significant concessions, including a debt write-off and new operational terms.
Globacom has praised Nigerian workers for their hard work and dedication. The company recognizes their vital role in driving progress in the nation.
Champion Breweries Plc reports a remarkable 69% increase in revenue, marking a significant milestone in its 52-year history. The recent acquisition of Bullet is seen as a pivotal move for the company's growth.
The NUPRC supports Ingentia Energies as a model for enhancing local participation in Nigeria's oil and gas sector. This initiative aims to strengthen indigenous involvement in upstream activities.
A groundbreaking parametric flood insurance has been launched in Sub-Saharan Africa, led by Africa Re and an insurance consortium. This initiative aims to enhance resilience against flooding in the region.