NNPC CEO Ojulari Has No Role in Oil Block Awards, Insiders Say
Industry insiders reject allegations linking NNPC CEO Bayo Ojulari to oil block awards, saying he has no statutory role and the claims are false and malicious.
Category : Corporate News
Heirs Insurance H1 2026 Profit N9.53bn, Premium Up 89%
Heirs Insurance Group posted N9.53bn profit in H1 2026, with gross premium surging 89% to N63.7bn, driven by life and general business growth.
Heirs Insurance Profit Falls 15% to N9.53bn Despite 89% Premium Rise
Heirs Insurance Group's profit after tax fell 15% to N9.53 billion in H1 2026, despite an 89% surge in gross premiums to N68.4 billion, driven by higher claims.
Terra Industries Raises $18M, Closes Seed at $52M
Terra Industries has raised an additional $18 million, bringing its total seed funding to $52 million, according to a company announcement.
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Integrated Indigo Wins Agency of the Year at 2026 Awards (17.08.2026)
Integrated Indigo has been named Agency of the Year at the 2026 National Spokespersons Awards, recognizing its excellence in communication and public relations.
Nigeria Police Salary by Rank: Full Breakdown for 2026
Nigerian police salaries range from ₦10,114 for trainees to over ₦938,578 for the Inspector General. Recent reforms added a 20% allowance and tax waivers to boost junior officers' pay.
NGX Postpones New Pricing Rules Days After Confirming Take-Off
NGX has postponed the implementation of new pricing rules, originally set for Monday, days after confirming the take-off. The exchange cited the need for further stakeholder engagement.
Dapper Damm Responds to Money Allegations by Seyi Vibez, Shallipopi
Music executive Dapper Damm has broken his silence over unpaid money allegations by Seyi Vibez, Shallipopi and other former artistes, saying records exist with authorities.
NNPC, FIRST E&P Launch Multi-Year Grant for 5 Nigerian NGOs
NNPC and FIRST E&P launch Impact FIRST: Heritage, a multi-year grant for five Nigerian NGOs, shifting from annual funding to long-term support for proven social impact.
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Integrated Indigo Wins Agency of the Year at 2026 Awards
Integrated Indigo Limited won Agency of the Year at the 2026 National Spokespersons Awards in Abuja, marking its second win, with 171 nominations and 30 finalists across 15 categories.
ActionAid, NSF Back World Social Forum in Cotonou
ActionAid Nigeria and Nigeria Social Forum declare solidarity with World Social Forum in Cotonou, reaffirming commitment to justice, equality, and inclusive development.
Dangote Refinery $5bn IPO Opens to Nigerians, Foreign Listing Delayed
Nigerians may soon invest in Dangote Refinery's $5bn IPO, as CEO David Bird pushes a 'people's IPO'; foreign listing delayed for at least three years.
Integrated Indigo Wins Agency of the Year at 2026 Spokespersons Awards
Integrated Indigo Limited won Agency of the Year at the 2026 National Spokespersons Awards in Abuja, beating 171 nominations in the most expansive edition yet.
Top 10 Investors Still Backing African Startups Despite Slowdown
Despite a global funding slowdown, these 10 investors remain active in African startups, providing crucial capital to fuel innovation and growth across the continent.
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MultiChoice Removes 7 DStv Premium Channels as Showmax Shutdown Hits
MultiChoice confirms four more channels leave DStv Premium from September 16, 2026, totaling seven this year, amid Showmax shutdown and HBO content loss, raising value concerns.
84-Year-Old Founder Sells Nigerian Pharma Firm to Transworld
Transworld has completed the acquisition of a Nigerian pharmaceutical company from its 84-year-old founder, marking a significant shift in the industry. The deal, announced on August 14, 2026, transfers full ownership and operations.
Veritasi Homes Raises N50bn via Islamic CP for Real Estate
Veritasi Homes & Properties has executed a N50 billion non-interest commercial paper programme to fund real estate development, marking a key milestone in Nigeria's Islamic finance market.
NITDA Seeks 15 MDAs Coordination for Startup Act
NITDA calls for coordinated efforts among 15 MDAs to implement the Nigeria Startup Act, aiming to boost digital economy and innovation.
Phoebe Gates' app Phia accused of 'cookie stuffing'
Phoebe Gates' shopping app Phia allegedly took credit for sales it didn't generate, with founders aware since December, Bloomberg reports.
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Fortis Global Insurance Appoints Two New Board Members
Fortis Global Insurance Limited has appointed Umar Faruk Umar and Ufuoma Ibru as non-executive directors, effective August 13, 2026, according to a corporate filing.
Jowizaza's Father: Net Worth and Jezco Oil Founder's Story
Chief Joseph Ebere Ezeokafor Snr, Jowizaza's father, built a $2 billion fortune via Jezco Oil since 1980. Learn 7 key facts about his wealth, family, and business.
Singapore Launches Jobs Portal for Foreigners to Relocate and Earn in Dollars
Singapore has launched an official government jobs website for foreign nationals, offering employment opportunities that may lead to relocation and dollar-denominated earnings, part of efforts to attract international talent.
Geregu Power: Revenue and Profit Mask Cash Flow Problem
Geregu Power's revenue and profit grew but cash flow worsened as receivables surged, raising concerns about liquidity and dividend sustainability.
Insurers Raise N720bn as Recapitalization Court Cases Loom
Nigerian insurers raised N720bn in recapitalization, but experts warn court cases could disrupt the process and affect the industry's stability.
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Consumer Goods Selloff Wipes N1.76trn from NGX Market
Consumer goods stocks selloff erased N1.76 trillion from NGX on August 13, 2026, as market capitalisation fell to N65.99 trillion amid sustained losses.
Ex-Corps Members Urge FG to Boost NYSC Funding, Rehabilitate Camps
Reform NYSC Campaign urges FG to prioritize funding and camp rehabilitation, warning proposed reforms could push annual costs above N1 trillion.
FG: Creative Sector to Add 2.3% to GDP, 2m Jobs by 2030
Nigeria's creative sector will contribute 2.3% to GDP and create 2 million jobs by 2030, according to the Federal Government's new plan.
Vodacom appoints ex-Airtel Africa CEO to board
Vodacom Group has appointed Segun Ogunsanya, former Airtel Africa CEO, as an independent non-executive director, effective January 2026.
Royal Salt Rewards 520+ Nigerians, Crowns 20 Millionaires
Royal Salt Ltd concluded its Mr. Chef Market Runz campaign, rewarding over 520 Nigerians, including 20 grand prize winners who each received ₦1 million at the Lagos finale.
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Jumia Raises $50M Led by IFC, Q2 Revenue Up 14%
Jumia secured $50 million in funding led by IFC, with Q2 revenue rising 14% to $36.5 million, signaling growth in African e-commerce.
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