Company Report
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Africa Prudential reinforces growth, digital transformation strategy at H1 2026 investor call
Africa Prudential Plc, a leading provider of share registration services and capital market solutions, successfully hosted its H1 2026 Investor call on Tuesday, convening institutional investors, shareholders, investment analysts, regulators, and members of the investment community to discuss the company’s financial performance, strategic priorities, and outlook. Africa Prudential reported another strong half-year performance, demonstrating strong corporate governance and resilience, and…
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H1 2026: Unilever Nigeria delivers N119.9bn revenue, declares interim dividend.
Unilever Nigeria Plc has released its unaudited financial statement for the six months period ended June 30, 2026. The Company recorded turnover of N119.9billion in the period under review, representing 22per cent topline growth compared to N98.1billion recorded in the corresponding period of 2025. Gross profit grew by 30per cent to N54.7billion, compared to N42.1billion reported for the same period…
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Weak revenue down Transcorp Power’s profit after tax by 12.6% in H1 2026
Influenced by weak revenue, Transcorp Power Plc has announced its unaudited financial results for the half year (H1) ended June 30, 2026 with N38.5 billion profit after tax, about 12.6 per cent drop from N44.05 billion reported in half year (H1) ended June 30, 2025. One of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc from…
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FAAN unveils facial recognition system for domestic air travellers
The Federal Airports Authority of Nigeria (FAAN) has introduced a biometric facial recognition platform, V-Pass, to enable passengers travelling through domestic airports to verify their identities without presenting physical identification documents. The authority announced the initiative on Thursday, describing it as part of its ongoing digital transformation aimed at improving passenger processing, strengthening security and enhancing the overall airport experience.…
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HBM Nigeria vows continued investment in communities, sustainable growth
The Group Managing Director and Chief Executive Officer of HBM Nigeria Plc, Lolu Alade-Akinyemi, has said the company will continue to invest in its host communities while pursuing long-term business growth, stressing that sustainability remains central to its operations across Nigeria. Alade-Akinyemi spoke during a media engagement in Lagos on Monday, where the company provided further insight into its recent…
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PZ Cussons declares N260.46bn revenue in 2026FY
The Board of Directors of PZ Cussons, a leading manufacturer of personal healthcare products and consumer goods, has recorded N260.46 billion in revenue, representing 22per cent growth for the 2026 financial year, compared with N212.63 billion in the corresponding period in 2025. A breakdown analysis of the unaudited financial results released revealed that the company achieved significant profitability for the…
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Air Peace receives first Embraer E175 to strengthen regional operations
Nigerian carrier Air Peace has taken delivery of its first factory-new Embraer E175 aircraft, marking another significant milestone in its fleet modernisation programme aimed at enhancing domestic and regional air connectivity. The delivery was announced on Tuesday by Brazilian aircraft manufacturer Embraer, further strengthening its longstanding partnership with the airline, which already operates the Embraer E195-E2, E190-E1 and ERJ145 aircraft.…
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LAMATA secures permanent NRC licence to expand Lagos Red Line operations
The Nigerian Railway Corporation (NRC) has granted the Lagos Metropolitan Area Transport Authority (LAMATA) a permanent rail operating licence and a long-term Track Access Agreement, paving the way for a major expansion of commuter services on the Lagos Rail Mass Transit Red Line. The approval gives LAMATA legal authority to operate passenger and freight services along the Red Line corridor…
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Odu’a Investment targets N1tn assets, announces N23.58bn profit before tax
By Adejayan Gbenga Odu’a Investment Company Limited has unveiled plans to grow its total assets to N1 trillion by 2030 under its new “30 by 2030” growth strategy, while announcing a Profit Before Tax (PBT) of N23.58 billion for the 2025 financial year. At the company’s 44th Annual General Meeting held in Ibadan, Oyo State, the Former Chairman of the…
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Western Post appoints new editor as Raphael takes over from Bilau
Western Post, a South-west Nigeria-centric newspaper, has appointed Mr. Innocent Raphael as its new editor. Raphael replaces Mr. Olaolu Bilau who stepped down as editor in January this year. The appointment, which takes effect from July 1, 2026, was conveyed in a letter dated June 26 and signed by the newspaper’s Managing Editor, Mr. Akin Akinremi. According to the letter,…
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