Company Report
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Zichis Agro Allied Industries plans to raise N10bn capital through IPO
The management of Zichis Agro Allied Industries has disclosed plans to strengthen shareholders value and market liquidity through a proposed Initial Public Offer (IPO) of up to N10 billion for its working capital. The proposed working capital also for the acquisition of an additional 1,000 hectares of land for oil palm expansion, development of an oil milling plant, and strategic…
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Najomo urges staff diligence as NCAA commences new operational year
By Folashade Olorunfemi – The Director-General of the Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo, has charged staff to uphold professionalism, discipline and unity as the authority begins its 2026 operational activities. He gave the charge while delivering his welcome address at an interfaith prayer and thanksgiving service held on Monday at the authority’s headquarters in Abuja to mark…
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Air Peace denies allegations of ‘dumping’ passengers in Barbados
Nigerian airline Air Peace Limited has strongly refuted claims that it sold tickets to Jamaica and subsequently “dumped” passengers in Barbados, describing such reports as misleading and inaccurate. In a statement released on Monday, the airline stressed that all tickets were sold in strict compliance with international aviation regulations. “At no point did the airline engage in deceptive sales or…
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December travel rush, not taxes, behind rising airfares — NCAA
The Nigerian Civil Aviation Authority (NCAA) has dismissed claims that high domestic airfares are caused by multiple government taxes, insisting that airlines do not pay the levies often cited and that recent price increases are the result of demand-and-supply dynamics. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, said allegations that domestic airlines pay as…
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Air Peace faces flight delays after ground handling incident
Air Peace has confirmed that a brand-new aircraft was damaged on the ground, resulting in widespread flight disruptions. According to a press statement signed by spokesperson Fred Chukwuelobe, the incident occurred when a ground handler’s conveyor belt struck the aircraft’s engine cover while passengers were already onboard. Passengers had to be deboarded, and nine scheduled sectors for the aircraft were…
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United Nigeria, Max Air top flight cancellations as NCAA records Q3 improvements
United Nigeria Airlines and Max Air recorded the highest flight cancellation rates in Nigeria during the third quarter of 2025, according to data released by the Nigeria Civil Aviation Authority (NCAA), despite an overall improvement in domestic aviation performance. The NCAA’s Q3 2025 report, covering July to September and compared with the same period in 2024, showed United Nigeria Airlines…
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CSR: Dangote Cement Ibese, distributes laptops, grinding machines
Celebrating the atmosphere of conviviality in which the company operated during the outgoing year, Dangote Cement Plc, Ibese Plant has reinforced its dedication to sustainable development and inclusive progress with strong emphasis on education, healthcare, infrastructure, and empowerment programmes for its host communities. Marking the year 2025 Host Community Day celebration at Ibese, Ogun State themed “Sustaining Growth, Strengthening Bonds”,…
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MTN Nigeria secures triple win at CIO & C-Suite awards
MTN Nigeria recorded major wins at the 2025 CIO & C-Suite Conference & Awards, held recently in Lagos. The company secured three top honours, with its Chief Information Officer, Shoyinka Shodunke, emerging as Overall Best CIO and Tech Champion of the Year, while MTN Nigeria also bagged the TechCo Innovation Excellence Award. The clean sweep at the annual gathering, organised…
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Sterling Bank, Enterprise Development Centre, PAU, sign MoU
Sterling Bank Limited has signed a Memorandum of Understanding (MoU) with the Enterprise Development Centre (EDC) of Pan Atlantic University (PAU) to certify graduates of its Non-Oil Export Academy. This strategic partnership underscores the Bank’s commitment to diversifying Nigeria’s economy by supporting non-oil export growth. This landmark agreement follows the recent launch of the Sterling Bank Non-Oil Export Academy, designed…
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Access Bank wins Bank of the year 2025
Access Bank has been named Bank of the Year 2025 – Nigeria at the prestigious Banker Awards ceremony held in London on Wednesday. Organised annually by The Banker, a publication of the Financial Times Group, the awards celebrate the best-performing financial institutions across more than 120 countries, recognising excellence in innovation, financial performance, operational resilience, and industry leadership. The announcement…
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