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MTN Nigeria has received shareholder approval for its N152 billion MoMo spin-off during its Annual General Meeting. This move is expected to enhance the company's financial strategy and market position.
Guaranty Trust Holding Company Plc (GTCO) has announced a profit before tax of N302.9 billion for the first quarter of 2026. This financial performance highlights the company's strong position in the market.
Cutix PLC has recognized its top distributors for 2024 by awarding them cars, fridges, generating sets, and certificates. This initiative highlights the company's commitment to rewarding excellence among its partners.
Godwin Obiora Mbanefo discusses the challenges facing Africa's supply chains, particularly in Nigeria. He aims to address these issues that many businesses have come to accept as the norm.
AREWA24 has initiated a N10 billion defamation lawsuit against the NBMOA and others. The case highlights ongoing tensions in the Nigerian media landscape.
Africa boasts many brilliant leaders and innovative founders driving business success. However, there is a pressing need for enhanced executive visibility to support this transformation.
President Tinubu has appointed Rabiu Umar, a former Dangote Group executive, as the new chief of NMDPRA. This decision comes just four months after Mr. Mohammed took office, pending Senate confirmation.
The article discusses the misconception that visibility equates to success in business. It warns that without legitimacy, increased visibility can lead to significant risks.
Universal Music Group is set to sell half of its stake in Spotify, which is expected to generate approximately $1.4 billion. This move highlights UMG's strategy to capitalize on its investments in the music streaming industry.
MTN has reported a significant Q1 profit of N355.5 billion, with earnings per share rising by 166%. This strong financial performance positions the company well ahead of its 2025 targets.
Nigeria's aviation sector is emerging as a prime investment opportunity in Africa. The industry is exploring various financing methods, including debt and leasing, to attract more investors.
Dangote Cement reported a significant profit of N421.1 billion in Q1, driven primarily by cement and clinker sales. This strong financial performance underscores the company's focus on its core products.
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.