Company Report
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BREAKING: Dangote Sugar Refinery declares N22.11bn loss in H1 2025
Despite increasing revenue, Dangote Sugar Refinery Plc on Thursday announced a N22.11 billion loss before tax in first half (H1) ended June 30, 2025, as against N211.42 billion loss before tax declared in half year ended June 30, 2024. The sugar processing company listed on the Nigerian Exchange Limited (NGX) in its profit & loss figures declared a loss of…
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Airtel Africa’s PBT up by 269% to $273m in Q1 2025
Airtel Africa has announced its financial results for Q1 2025/2026, for the period ended June 30, 2025, posting a profit before tax of $273 million, representing a 269 per cent year-on-year growth. This figure also accounts for 41 per cent of the group’s total pre-tax profit for the full financial year ended March 31, 2025. Profit after tax rose sharply…
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At 395% RoI, UBA leads as listed Tier-1 bank stock driving NGX growth
United Bank for Africa (UBA) is emerging as the frontrunner among Nigeria’s tier-one lenders, collectively known as FUGAZ, as their combined performance fuels a bullish momentum on the Nigerian Exchange (NGX), data from Statisense has shown. This analysis tracked stock price performance between May 30, 2023 and July 16, 2025, and came out with a positive outlook: “Any investor who…
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Mega Billion Promo: MTN Nigeria awards N290m to over 1,500 winners
More than 1,500 winners have emerged in the ongoing MTN Mega Billion Promo, with over N290million already awarded. The company shared this update during a live show event on July 19 at its Rooftop Events Centre in Lagos. The event offered a closer look at the structure and impact of the promo campaign. It was attended by members of the…
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Nigerian Railway Corporation debunks social media train fire claim
The Nigerian Railway Corporation (NRC) has dismissed a viral video circulating on social media that appears to show a train coach on fire, describing it as misleading and outdated. In a statement released on Saturday, NRC clarified that the incident depicted in the footage occurred over three years ago along the Warri-Itakpe rail corridor and does not reflect the current…
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Indigenous capacity, others boosting fortunes of energy sector, says Seplat Energy
Seplat Energy Plc, has reinforced its commitment to responsible leadership and sector transformation through active participation in the 13th Annual BusinessDay CEO Forum Nigeria, held in Lagos. With the theme “Nigeria: From Reform to Recovery,” the 2025 edition of the CEO Forum brought together senior government officials, investors, corporate leaders and experts to discuss Nigeria’s ongoing reforms, and share strategic…
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Dangote Foundation distributes rice to 10,000 families in Bayelsa
The Aliko Dangote Foundation has flagged off the distribution of 10,000 bags of rice, each weighing ten kilograms, to vulnerable households, people living with disabilities and the less privileged in Bayelsa State. Deputy Governor Bayelsa State, Senator Lawrence Ewhrudjakpo who represented the Governor, Senator Douye Diri at the event commended Aliko Dangote for his philanthropic gesture and lucrative partnership with…
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PHOTO NEWS: Keyamo inaugurates new FAAN board, Ganduje named chairman
The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, on Wednesday, inaugurated the newly constituted Board of the Federal Airports Authority of Nigeria (FAAN), ushering in what he described as a new chapter for the country’s aviation sector. The inauguration, which took place in Abuja, saw the immediate past Governor of Kano State, Dr. Umar Abdullahi Ganduje, OFR, appointed…
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Access Bank highlights achievements at climate governance initiative launch in Lagos
Access Bank Plc has once again demonstrated its leadership in sustainable finance with a strong showing at the launch of the Climate Governance Initiative Nigeria (CGIN) Chapter, hosted by Lagos Business School. The executive Director, Risk Management at Access Bank, Dr. Greg Jobome was invited to speak at the event in recognition of the Bank’s pioneering role in integrating sustainability…
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Aliko Dangote Foundation’s free rice excites host communities in Ogun state
Over 30 host communities to Dangote Cement Ibese Plant as well as those in Itori in Yewa North, Ewekoro local government aeras of Ogun State respectively were thrown into excitement as the Aliko Dangote Foundation, (ADF) extended its National Food Intervention programme to the people distributing over 3000 bags of rice to the less privileged in the communities. L-R, Head…
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