IHS Shareholders Approve MTN Takeover, Await Regulatory Nod
IHS shareholders approve MTN's takeover, with the company now awaiting regulatory approvals to finalize the deal.
Category : Corporate News
AltBank shifts Nigeria's capital debate to allocation
AltBank CEO says Nigeria's capital debate should focus on allocation, not just interest rates, to drive real economic growth and development.
Beta Glass Names Boye Olusanya Chairman
Beta Glass Plc appoints Boye Olusanya as chairman after Vitus Ezinwa's departure. The board change takes effect immediately, with Olusanya bringing extensive experience.
Nigeria airline seat capacity up 37% to 1.22m in August
Nigeria's scheduled airline seat capacity rose 37% to 1.22 million in August, driven by increased domestic routes and carrier expansion, according to aviation data.
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Caverton posts N8.66bn H1 loss as admin costs surge
Caverton Offshore Support Group Plc recorded a pre-tax loss of N8.66 billion in H1 2026, reversing a N2.07 billion profit, as administrative expenses surged.
NACCIMA Opens $150m Fund Portal: Steps, Sectors, Eligibility
NACCIMA opens portal for $150m fund with ODDO BHF SE; loans from $10m, single-digit interest, 7.5-year terms, 17 sectors eligible.
Australia Lists 4 Permanent Work Visa Categories for Foreigners
Australia's Home Affairs outlines four permanent work visa categories for skilled foreigners: regional, skilled migration, innovation, and business investment, each with specific eligibility criteria.
Coronation Meets NIIRA 2025 Capital Requirements
Coronation Insurance and Coronation Life Assurance have met NIIRA 2025 minimum capital requirements after a ₦9.2 billion capital raise, boosting investor confidence.
Lagos Short-Let Profits Drop as Supply Surges
Lagos short-let property owners face declining profits as competition intensifies, with average nightly rates falling by 15% in 2026, according to industry data.
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Nigerians Spend N1.4tn on Beer, Malt, Spirits in Six Months
Nigerians spent N1.4 trillion on beer, malt, and spirits in H1 2026, a 91% surge from N733 billion in 2025, driven by price hikes and consumption patterns.
Dangote Refinery Eyes Fresh Petrol Price Cut as Depot Rates Drop
Dangote Refinery may cut petrol prices again as depot rates drop and competition intensifies, potentially lowering pump prices for Nigerians.
UK Lists 7 Family Routes to Indefinite Leave to Remain in 2026
UK government outlines seven family-based routes to indefinite leave to remain in 2026, with a £3,226 fee and six-month decision timeline.
Nauru Golden Passport: $90,000 Citizenship for 85+ Countries
Nauru's citizenship-by-investment scheme offers passports at $90,000, down from $115,000, funding climate relocation. Over 120 citizenships granted, with visa-free access to 85+ destinations.
CCECC Nigeria Opens 11 Job Openings in Abuja for Engineers
CCECC Nigeria opens 11 full-time job openings in Abuja for engineers, designers, and surveyors. Apply now for roles like Bridge Designer and Surveyor.
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USAJOBS: US Official Website for Federal Jobs in 2026
USAJOBS is the US government's official platform for federal job openings, open to citizens and some foreigners, with positions worldwide.
Dangote Group Opens Fresh Job Vacancies in Cement, Foods, and Corporate Units
Dangote Group announces dozens of new job openings across cement, foods, and corporate units, targeting candidates with ND, HND, or degrees in Lagos, Ogun, Kogi, and more.
Sunbeth Global Gets Investment Grade Ratings from Agusto, IA
Sunbeth Global Concepts secures investment-grade ratings from Agusto & Co. and Intelligence Africa, affirming strong financial health and growth prospects.
Guinea Insurance Raises N12.6bn, Exceeds NAICOM Capital
Guinea Insurance has raised N12.6 billion, surpassing NAICOM's capital requirement. The company announces its compliance with new recapitalization rules.
Beta Glass H1 2026: Revenue Up 1.9% to N79.71bn
Beta Glass Plc reports strong Q2 2026 with revenue up 13.8% to N42.18bn, lifting H1 revenue to N79.71bn. PAT stands at N16.16bn for H1.
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Lagos Opens $5,000 Climate Action Fund for Youths
Lagos launches $5,000 Youth Climate Action Fund for 15-24 year-olds. Grants from $1,000 to $5,000 for eco-projects. Mandatory webinar Aug 4, 2026.
Beta Glass Q2 2026: Revenue Up 12%, Profit Rises 8%
Beta Glass Plc reported a 12% revenue increase to N58.7bn in H1 2026, with profit after tax up 8% to N7.2bn, driven by strong demand and operational efficiency.
BUA Foods Delivers Double-Digit Profit on Margin Discipline
BUA Foods Plc reports double-digit profit growth for H1 2026, driven by disciplined margin management and cost efficiency, according to its interim financial results.
NAICOM Clears 43 Insurers, Eight Remain Uncertain
NAICOM has cleared 43 insurers after meeting recapitalisation requirements, while the fate of eight companies remains uncertain.
Chellarams Returns to N1.45bn Profit as Revenue Jumps 84%
Chellarams Plc returns to N1.45bn profit after tax in latest results as revenue jumps 84%, signaling strong recovery and investor confidence.
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Fidson Leads Nigerian Pharma Market as Imports Dominate
Fidson Healthcare tops Nigeria's listed pharma firms with N42.6bn Q1 revenue, as imports still cover 70% of medicines and 90% of raw ingredients.
VFD Group H1 Net Profit Doubles to N10.1bn
VFD Group's H1 after-tax profit doubled to N10.1bn from N5bn, as investment income surged 102.8%; an interim dividend of N0.24 per share was declared.
Ardel Reports N753bn Pre-Tax Profit After Blockbuster Half-Year
Ardel posted a pre-tax profit of N753bn for H1 2026, capping a blockbuster half-year. The unaudited results revealed strong growth, boosting investor confidence.
Sahcos H1 2026 Pre-Tax Profit Drops 41% on Cost Pressures
Sahcos reported a 41% year-on-year decline in pre-tax profit for H1 2026, as escalating cost pressures weakened profit margins across its operations.
Trustfund Pensions Hits ₦1.54 Trillion, Targets ₦2 Trillion
Trustfund Pensions closed 2025 with AUM of ₦1.54 trillion and targets ₦2 trillion by December 2026. RSA registrations grew 63% and profit after tax jumped 68%.
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Berger Paints H1 Pre-Tax Profit Climbs 27% to N1.20 Billion
Berger Paints Nigeria Plc reported a 27% increase in pre-tax profit to N1.20 billion for the first half of 2026, driven by strong paint sales.
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