Business

 The Chairman of the United Bank for Africa (UBA), Mr.  Tony Elumelu, on Thursday expressed that the global community has not always served Africa interest, calling on public and private sectors across the continent, to urgently lead in overcoming current economic challenges facing the continent. He said this while delivering his key address at the African Caucus Meeting in Central…

Managing Director, Nigerian Ports Authority (NPA), Dr.  Abu Dantsoho has restated its readiness to promote the indigenous ownership of shipping vessels in line with the ‘Nigeria First’ policy of President Bola Tinubu. Speaking during the maiden call of wholly Nigerian-owned container vessel “MV OCEAN DRAGON” at the West African Container Terminal Onne Port Port Complex on Thursday, Dantsoho said “apart…

The management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third quarter (Q3) of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports. Chief Executive of Dangote Cement, Arvind Pathak, in a note to the Nigerian Exchange Limited (NGX), said the…

Photos from the ongoing Nigerian Communications Commission (NCC) maiden edition of the Annual Workshop for Attorneys General on emerging issues in the communications sector The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, in his keynote address highlighted the challenges facing the communications industry and the role Attorneys General, as Chief Law Officers of their respective states,…

The Nigerian equities market on Wednesday witnessed a surge of N864 billion gain, driven by impressive earnings reports from major companies. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained by 1,365.80 points or 0.99 per cent to close at 139,278.67 points. Also, market capitalisation gained N864 billion to close at N88.06 trillion. The upturn was impacted by gains recorded…

United Bank for Africa Plc (UBA) on Wednesday notified investing public that it has commenced its N157.8billion rights issue on the Nigerian Exchange Limited (NGX). The group company secretary/legal counsel, UBA,  Bili Odum in a signed statement stated that Pan-Africcan finanial instititton’s rights issue ofi 3,156,869,665 ordinary  shares of 50 kobo each at N50.00 per share opens Wednesday,  July 30,…

Wema Bank Plc on Wednesday announced N100.6 billion profit before tax in its unaudited result and accounts for half year (H1) ended June 30, 2025, a significant increase of 229.12 per cent from N30.6 billion declared in unaudited half year (H1) ended June 30, 2024.  After paying at tax of N13.08 billion, the lender on the Nigerian Exchange Limited (NGX)…

Nigerian Breweries Plc, the foremost brewing company in Nigeria, has announced a revenue of N733.19 billion for the second quarter(Q2) of the 2025 financial yea, a 53per cent increase compared to N478.84 billion recorded in the same period of 2024. According to the provisional result,net profit for the second quarter of 2025 stood at N88.06 billion, marking a 204per cent…

Group Chief Executive Officer of Nigerian National Oil Corporation Limited (NNPC Ltd). Engr. Bashir Bayo Ojulari, on Tuesday received a delegation from the Ministry of Finance Incorporated (MOFI), led by Dr. Armstrong Takang, Managing Director and CEO, on a courtesy visit. The corporation in a tweet oon X stated that the discussions oof the meeting centred on fostering collaboration in…

The Coca-Cola Company on Wednesday announced that it has entered into an agreement to sell Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC). Chivita|Hollandia is a leading food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks.  The Hollandia brand is the market leader in evaporated milk and drinking yoghurt,…