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IATA Unveils Keyamo As One Of Africa’s Top Four Aviators
Business
4 sources

IATA Unveils Keyamo As One Of Africa’s Top Four Aviators

IATA has recognized Festus Keyamo as one of Africa's top four aviators, highlighting his impactful leadership in Nigeria's aviation sector. This acknowledgment reflects significant reforms and progress in the industry.

MTN Nigeria To Sell YDF, 60% Of MoMo PSB To MTN Group
Business
5 sources

MTN Nigeria To Sell YDF, 60% Of MoMo PSB To MTN Group

MTN Nigeria plans to sell its Youth Development Fund and 60% of its MoMo Payment Service Bank to MTN Group. Investors will still have a stake in the fintech business with MTN Nigeria retaining a 40% interest.

GTCO grows interest income to N458bn amid mounting costs
Business
4 sources

GTCO grows interest income to N458bn amid mounting costs

GTCO has reported a rise in interest income to N458 billion, showcasing growth in key income streams. However, this growth is significantly impacted by a sharp increase in income tax expenses, which reached N84.8 billion.

Mutual Benefits pays out N13.6bn claims Q1 2026
Business
1 sources

Mutual Benefits pays out N13.6bn claims Q1 2026

Mutual Benefits Assurance Plc has disbursed N13.6 billion in claims to its policyholders in the first quarter of 2026. This payout reflects the company's commitment to its clients in both General Insurance and Life Business sectors.

UACN profit rises more than 4-fold on revenue expansion
Business
1 sources

UACN profit rises more than 4-fold on revenue expansion

UAC of Nigeria Plc has seen its profit after tax increase over four times to N13.64 billion, driven by revenue growth. This significant rise reflects the company's strong performance in the market.

TotalEnergies Q1 Profits Surge Amid Middle East War
Business
3 sources

TotalEnergies Q1 Profits Surge Amid Middle East War

TotalEnergies reported a significant increase in profits for the first quarter, despite the ongoing conflict in the Middle East. The company has resumed operations at its Satorp refinery in Saudi Arabia after a temporary shutdown due to air strikes.

Lagos bets on local power amid incessant grid collapses
Business
5 sources

Lagos bets on local power amid incessant grid collapses

Lagos is increasing its local electricity generation and distribution with an additional 400 megawatts of supply. This move aims to address the ongoing issues with Nigeria's national grid and its inability to meet demand.

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