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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.
Nigeria's recent success in the ICAO Safety Audit has been praised by global aviation bodies. This achievement is expected to enhance Africa's standing in global aviation safety ratings.
The Nigerian Gas Association has appointed Mrs. Yetunde Taiwo as its new President during a ceremony in Lagos. Taiwo, previously the General Manager at FIRST Exploration, will lead the association's executive council.
A witness in a fraud trial revealed that Arik Air repaid 38% of a foreign loan prior to AMCON's takeover. This information emerged during the ongoing legal proceedings involving former managing director Ahmed Kuru.
Dr. Michael Adenuga Jr. is celebrated for his remarkable achievements as a billionaire and philanthropist on his 73rd birthday. His reserved nature and significant contributions to society highlight his exceptional character.
MTN Nigeria is shifting to a partnership model for its fintech operations following a significant N62 billion impairment. This decision reflects a strategic pivot in response to financial challenges in the sector.
Shareholders of Guaranty Trust Holding Company Plc have praised the management for announcing a record dividend of N12.76 per share for the 2025 financial year. This payout is noted as the highest in Nigeria's banking sector.
Many organizations mistakenly think sustainability can be managed from the sidelines. Embedding Environmental, Social, and Governance (ESG) principles into corporate DNA is essential for genuine progress.
President Tinubu praised Dr. Mike Adenuga on his 73rd birthday, highlighting his remarkable achievements and vision. The tribute underscores Adenuga's significant impact on the business landscape in Nigeria.
BUA Cement Plc has rewarded its distributors with a total of N4.5 billion to enhance business relationships. Chairman Abdul Samad Rabiu made the announcement, highlighting the company's commitment to its partners.
An EFCC witness revealed that Union Bank acted as a guarantor in a foreign loan for Arik Air but did not lend the money. The witness stated that the proceeds were not used to settle Arik's foreign loan obligations.
Oando hosted officials from the Nigerian Institution of Petroleum Engineers to discuss the importance of localization for enhancing global competitiveness. The meeting highlights Oando's commitment to advancing the energy sector in Nigeria.
The article from BusinessDay discusses various business developments in Nigeria. It highlights trends and insights relevant to the current economic landscape.
AXA Mansard and Herconomy have renewed their partnership to support women empowerment in Nigeria. The initiative focuses on funding and mentorship for women-led businesses.
The CEO of Regent MfB highlights access to capital, trust in the financial ecosystem, and technology as key drivers for SME growth in Nigeria. These factors are essential for fostering a robust entrepreneurial environment.
The Pension Fund Operators Association of Nigeria (PenOp) has elected Donald Onuoha as its new president and appointed Okoro as CEO. This leadership change aims to enhance the association's effectiveness in managing pension funds.
NASCON Allied Industries Plc has announced a remarkable 200% increase in dividends for its shareholders. The company reported a profit of N33.5 billion, showcasing its strong financial performance.
The Argentil Group has launched a new corporate brand identity, signifying a significant milestone in its development. This move reflects the company's commitment to evolving in the investment and financial advisory sectors.
Glovo and various stakeholders are advocating for enhanced collaboration to foster inclusive growth for small and medium-sized businesses. This initiative aims to drive innovation within the e-commerce sector.
Globacom has launched two new TV commercials, 'Road Trip' and 'Department of Imagination', showcasing its dedication to seamless connectivity. The ads aim to engage and entertain viewers while promoting Glo's services.
i-Fitness has opened its 30th branch in Abuja, marking a significant milestone for the fitness chain. This expansion highlights the growing interest in health and fitness in Nigeria.