UK Police Reveal Annual Salaries for Constables and Sergeants
UK police have published annual salaries: constables start at £42,210 (N77.4m) and sergeants earn £63,000 (N115.5m), converted to Nigerian naira.
Category : Corporate News
VFD Group: The True Story of Its Rise to a Multi-Billion Naira Company
VFD Group's journey from a small startup to a multi-billion naira financial powerhouse is revealed in a new book, detailing strategic moves and challenges.
FG orders probe of X, Meta, AI firms over anti-media practices
The Federal Government has directed the FCCPC to investigate X, Meta, and AI companies over alleged anti-competitive practices against Nigerian media, following a petition by media bodies.
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OPay's new security features: 6 reasons for peace of mind
OPay introduces Emergency Lock and Safety PIN to enhance digital payment security. These features help prevent fraud and protect users in real-time emergencies, giving Nigerians greater peace of mind.
UBA Group Chairman Retires, Successor Appointed
United Bank for Africa (UBA) has announced the retirement of its Group Chairman, Tony Elumelu, and the appointment of a successor, effective immediately.
HBM Nigeria appoints Fatima Akilu, Nella Andem-Ewa to board
HBM Nigeria has appointed Fatima Akilu and Nella Andem-Ewa as independent non-executive directors, effective July 1, 2026, bringing extensive experience in psychology and law.
R.T. Briscoe shareholders approve N10bn capital raise
Shareholders of R.T. Briscoe (Nigeria) Plc have approved a N10 billion capital raise via fresh equity to fund growth, with the stock gaining 184% in H1 2026.
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MTN CEO: Company Belongs to Nigerians, Not South Africans
MTN Nigeria CEO Karl Toriola clarifies local ownership, citing over 201,000 direct shareholders and 11 million indirect owners via pension funds. He defends tariff hike and blames network issues on fibre cuts, vandalism, and unstable power.
NAHCO Appoints Wolemi Esan, FirstBank Executive as Directors
NAHCO Plc has appointed Wolemi Esan (SAN) and FirstBank executive Dr Julius B. Omodayo-Owotuga as Non-Executive Directors effective July 1, 2026, following the retirement of two long-serving directors.
Creditville Group Continues Operations After CBN Action
Creditville Group confirms all subsidiaries remain operational following CBN regulatory action, assuring customers of uninterrupted services across its lending, banking, and investment platforms.
AXA Mansard Non-Executive Director Melina Cotlar Resigns
Melina Cotlar has resigned as a Non-Executive Director at AXA Mansard Insurance Plc, effective 29 May, after serving since April 2023. The board commended her contributions.
PZ Cussons posts N260.46bn revenue, 388% profit surge
PZ Cussons recorded N260.46 billion in revenue for 2026, a 22% increase, while profit surged 388% to N49.10 billion, driven by brand strength and execution discipline.
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Coca-Cola Marks 75 Years in Nigeria with 60cl Anniversary Bottles
Coca-Cola celebrates 75 years in Nigeria with limited-edition 60cl anniversary bottles giving 20% more value across Coca-Cola Less Sugar, Zero Sugar, Fanta and Sprite.
Fashola: Lagos Discounted Land for Dangote Refinery
Former Lagos Governor Babatunde Fashola revealed the state discounted land for the Dangote Refinery to secure the $19 billion investment, emphasizing strategic economic benefits.
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Golden Penny rewards dealers with over ₦266M prizes
Golden Penny Foods awarded over ₦266 million in cash and three Toyota Hilux trucks to dealers at its 2026 B2C Conference, also launching Golden Penny Penne 500g.
Entrepreneur Visits Dangote Oil Refinery, Shares Joy in Video
Simon Guobadia, CEO of Simcol Group, visited the Dangote Oil Refinery in Lagos for the first time and expressed excitement on Facebook ahead of the impending IPO.
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Spiro Raises $215M: Not Just an Electric Okada Company
Spiro raised $215 million from infrastructure investors, not typical VCs. The pan-African firm is building a battery-swap network across seven countries, including Nigeria, positioning itself as a distributed power grid rather than just an e-bike maker.
Fan Milk Danone Nigeria Appoints Oreoluwa Atinmo MD
Fan Milk Danone Nigeria has appointed Mrs. Oreoluwa Atinmo as its new Managing Director, effective July 3, 2026, succeeding outgoing MD Mr. X.
PZ Cussons Nigeria appoints new Company Secretary
PZ Cussons Nigeria Plc has appointed Oghenekevwe Ogefere as Company Secretary effective July 1, succeeding Alsec Nominees Limited. Ms. Ogefere brings over 13 years of legal and governance experience.
PZ Cussons Appoints Oghenekevwe Ogefere as Company Secretary
PZ Cussons Nigeria has appointed Oghenekevwe Ogefere as Company Secretary, effective July 2, 2026, succeeding Mrs. Oluwakemi Ogunleye.
Diaspora Insurance Eases Funeral Financial Burden for Africans Abroad
Diaspora Insurance offers tailored funeral insurance to Africans abroad, providing guaranteed acceptance, immediate cash payouts, and worldwide coverage to ease repatriation and burial costs.
NDIC Pays N37.65 Billion to Failed Bank Depositors
NDIC disbursed N37.65 billion to failed bank depositors in 2025, including N4.06 billion to insured depositors and N33.59 billion in liquidation dividends, while recovering N42.69 billion in debts.
Unilever Nigeria Names New Executive Director
Unilever Nigeria Plc has appointed Modupe Femi-Okunbanjo as Executive Director, replacing Ibrahim Sodipe who resigned effective 30 June, citing her finance and governance expertise.
Ford Hires Back 300 Engineers After AI Fails
Ford rehires over 300 veteran quality inspectors after AI tools failed to match human expertise in detecting defects and supply issues at manufacturing plants.
From Mobile Phones to Smart Homes: itel Home Evolution
itel Home expands to 112 stores across Nigeria, evolving from mobile phones to a one-stop digital home appliance retail chain, enhancing access to technology.
Access Holdings Executive Director Bolaji Agbede Retires
Access Holdings Plc announces the retirement of Executive Director Bolaji Agbede, effective June 30, 2026, after over two decades of service, including a stint as Acting Group CEO.
Lafarge Africa Rebrands to HBM Nigeria Plc
Lafarge Africa Plc has officially changed its corporate identity and name to HBM Nigeria Plc, marking a new chapter in its transformation journey and reinforcing commitment to Nigeria's industrial growth.
Elon Musk Loses Trillionaire Status as Net Worth Drops
Elon Musk's net worth fell below $1 trillion, losing his trillionaire status after a 30% drop in Tesla shares and a court ruling blocking his $56 billion pay package.
CAP Plc appoints executive director, company secretary
CAP Plc announces the appointment of a new executive director and a company secretary, effective immediately, to strengthen its management team.
Lafarge Changes Name to HBM Nigeria Plc
Lafarge Africa Plc rebrands to HBM Nigeria Plc, unveiling a new corporate identity to align with its global parent company's strategy. The change reflects a unified vision.
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