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Fidelity Bank has reported a remarkable 45% increase in gross earnings for 2025, with shareholders' funds surpassing N1 trillion. This significant growth highlights the bank's strong financial performance.
Mutual Benefits Assurance Plc received special recognition from the Nigerian Insurers Association for its contributions to the insurance sector. This acknowledgment highlights the company's leadership and impact in the industry.
FCMB Asset Management Limited has received approval from the Securities and Exchange Commission for a name change of its mutual funds. This move is expected to enhance its brand and market presence.
The Chartered Insurance Institute of Nigeria (CIIN) has launched its Insurance Week, focusing on engaging students. The event runs from May 15th to 26th, aiming to raise awareness about insurance among the youth.
Greenwich Registrars has upgraded its G-Ease platform to facilitate better access for shareholders to Annual General Meetings. This initiative aims to streamline the AGM process and enhance shareholder engagement.
emPLE Insurance Nigeria has paid over N7 billion in claims to support its customers in 2025. This initiative aims to alleviate the financial burdens faced by individuals, families, and businesses.
NECA has launched an ESG Implementation Guide to enhance sustainability among Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This initiative, in collaboration with the ILO, aims to promote responsible business practices.
Universal Insurance Plc is initiating a N3.2 billion Rights Issue to comply with new capital requirements set by the National Insurance Commission. This move is aimed at strengthening the company's financial position within the insurance sector.
UBA is dedicated to fostering Africa's growth, emphasizing entrepreneurship and innovation at the Nairobi summit. The bank is also focused on building strategic global partnerships.
The Nigerian Federal Government and Bi-Courtney have reached a truce that nullifies a N132 billion judgment debt. This agreement revitalizes a stalled airport hotel project and enhances investor confidence in the sector.
Lufthansa has announced a significant investment of $7.7 billion for 20 new long-haul aircraft from Airbus and Boeing. This move aims to modernize its fleet and enhance environmental sustainability by reducing carbon emissions.
A Max Air flight from Abuja to Katsina had to return due to an engine anomaly during mid-air. Passengers were safely returned without any reported injuries.
The FCCPC backs Lagos State's initiative to implement smart metering and eliminate estimated billing. This move aims to enhance transparency and boost consumer confidence in the electricity sector.
UBA Group has reiterated its commitment to Africa's growth during the Africa Forward Summit 2026. The event brought together leaders and innovators to discuss sustainable economic pathways for the continent.
ValueJet has launched new routes connecting Owerri to Abuja and Accra to Banjul. This expansion aims to enhance passenger connectivity and service offerings.
The Federal High Court in Abuja has postponed the tax evasion case against Binance as both parties seek an out-of-court settlement. This development indicates a potential resolution outside of the judicial process.
The rise of internet access and mobile device usage in Africa is driving interest in digital assets. This presents significant opportunities for individuals to earn as trading partners.
Fidelity Bank has reported a 46% increase in annual revenue, reaching N1.5 trillion. This growth reflects a significant rise from the previous year's earnings of N1 trillion.
French and African investors have pledged €23 billion in a trade deal during the France-Africa Summit in Nairobi. This initiative marks a significant shift towards private sector partnerships in Africa.
Unilever Nigeria has approved a dividend of N18.67 billion for its shareholders. This payout will be deducted from the company's comprehensive income for the 2025 financial year.
Vodafone reported an 8% revenue increase to 40.5 billion euros, driven by service sales and its merger with Three UK. This marks a positive turnaround for the company as it implements its recovery plan.
First HoldCo is seeking shareholder approval for a N253 billion capital raise. This initiative aims to support its broader goal of reaching a N1 trillion target through various financial instruments.
Kano Electricity Distribution Plc is enhancing its renewable energy initiatives by expanding solar projects to boost power supply in Kano, Katsina, and Jigawa. This investment aims to improve electricity infrastructure and service delivery in the region.
Bumpa Capital has teamed up with Vendorcredit to improve credit access for SMEs in Nigeria. This partnership aims to support the growth and sustainability of small and medium-sized businesses in the country.
eBay has turned down GameStop's $56 billion takeover offer. GameStop had secured significant financing but still fell short in its bid.
Max Air's Abuja–Katsina flight had to return shortly after takeoff due to an engine-related issue, causing panic among passengers. The airline has confirmed the anomaly and is addressing the situation.
Access ARM Pensions has reported significant growth in revenue and profit in its first full financial year post-merger. The company generated N42.4 billion in revenue and N16 billion in profit, highlighting its successful integration.
Nigerian SMEs are facing significant financial losses due to inefficiencies that are often overlooked. Many entrepreneurs mistakenly attribute their challenges primarily to a lack of capital.
Jetour Nigeria has been recognized as the sole authorized distributor and received the 'Market Share Leadership Award 2025' at the 2026 Jetour Global Conference. This achievement highlights the company's strong position in the automotive market.
Dangote aims for a $50 billion IPO valuation for its new refinery, which processes 650,000 barrels of oil daily. This development is expected to significantly reduce Nigeria's reliance on imported fuel products.