Major financial services institution, Ecobank Transnational Incorporated has announced its unaudited half year (H1) ended June 30, 2025 result and accounts with N620.23billion ($398.5million) profit before tax, a growth of 40 per cent from N443.51 billion ($324.09million) declared in half year (H1) ended June 30, 2024. The pan-African financial institution also declared N433.88 billion ($278.77million) […]
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The National Agency for Science and Engineering Infrastructure (NASENI) and the Bureau of Public Procurement (BPP) on Monday, 28th July 2025, signed a Memorandum of Understanding (MoU) on the implementation of “Nigeria First” Policy on Procurement, projects and other related matters. The Nigeria First Policy is an initiative of the Federal Government, aimed at promoting […]
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Transnational Corporation Plc (“Transcorp Group” or the “Company”), (NGX: TRANSCORP), Nigeria’s leading listed conglomerate, has announced its H1 unaudited results, showing impressive year-on-year growth, for the period ended June 30, 2025. Transcorp Group’s H1 2025 revenue grew by 59% from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21%, to […]
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Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has lauded the Dangote Cement Plc for its contributions to the development of the Nigerian economy, urging the company to join hand with the government in bridging the housing gap in the country. Speaking during a tour of the company’s exhibition stand at the ongoing Africa […]
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United Bank for Africa (UBA) Plc has rejected the reported sale of its 60 per cent stake in the Ibadan Electricity Distribution Company (IBEDC) for N100 billion by the Asset Management Corporation of Nigeria (AMCON), describing the transaction as unlawful, opaque, and carried out without its consent or due process. Speaking during a media […]
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Nigeria’s major financial service institution, Zenith Bank Plc has maintained its position as the number one bank in Nigeria by Tier-1 capital rating for the 16th consecutive year. The bank clinched the position in the 2025 Top 1,000 World Banks Rankings published by The Banker, a publication of the Financial Times Group, United Kingdom. […]
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The Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed the Dangote Refinery’s fuel distribution plan that will see it deploying 4,000 Compressed Natural Gas (CNG) trucks across Nigeria. Speaking to newsmen on the sideline of the just concluded West Africa Economic Summit (WAES) in Abuja, Commercial Coordinator, Tosin Coker, said: “This is a landmark development, […]
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At 55, Dr. AweleElumelu doesn’t merely wear many hats; she crafts them, stitches them with purpose, and hands them to others. Physician. Entrepreneur. Philanthropist. Marathoner. Wife. Mother. Architect of access in Africa’s healthcare maze. Born in Delta State and trained across Nigeria and the United Kingdom, Lady Awele is not simply a doctor who traded […]
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The siege laid to the main opposition party the People’s Democratic Party (PDP), national secretariat by Security operatives on Monday 30th, 2025, in Abuja, to prevent the party leaders from convening for the 100th National Executive Committee (NEC) meeting, has been described as ‘madness’. The two factions of the party’s National Working Committee (NWC) had […]
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Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN), have condemned the recent legislation mandating the transfer of unclaimed dividends from companies’ registrars to the Central Bank of Nigeria (CBN) for management. The group, in a statement signed by its national coordinator, Mr. Moses Igbrude, condemned the National Assembly’s decision to pass […]
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The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise in the bank’s profit after tax which went up […]
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