)
TVS expands Nigeria mobility market with global portfolio and local network
TVS Motor Company serves Nigeria's two- and three-wheeler market with HLX, Neo NX, and King models, backed by local partners and global manufacturing scale.
Category : Corporate News
Afreximbank Profit Jumps 30% to $535m on Strong Lending
Afreximbank reported a 30% rise in first-half profit to $535 million, driven by a 15% increase in lending. The bank’s net interest income grew 22%.
NGX Stocks Lose N2.1trn as All-Share Index Drops 1.35% in One Week
The Nigerian Exchange (NGX) closed the week bearish as the All-Share Index fell 1.35% to 239,351.16 points, with market capitalisation shedding N2.1 trillion.
Louis Bélanger-Martin: Tyra Banks' Partner and SMiZE & Dream CFO
Louis Bélanger-Martin, Tyra Banks' partner since 2018, serves as CFO of her ice cream brand SMiZE & Dream. The couple lives in Sydney, Australia.
Shein Valuation Falls to $27 Billion in Hong Kong IPO
Fast-fashion retailer Shein's valuation has dropped to $27 billion in its Hong Kong IPO filing, down from $100 billion in 2022, amid regulatory and market challenges.
UBA Graduate Trainee Wows Elumelu With Customer Service Ideas
Deborah Moses, a UBA graduate trainee, impressed chairman Tony Elumelu with a proposed customer journey guide during GMAP, earning his praise and a handshake.
Buffett and Elumelu: Legacies of Building Institutions and Opportunities
Warren Buffett donates $1.35 billion to family foundations, while Tony Elumelu steps down as UBA chairman, both exemplifying institution-building and succession planning.
UBA Trainee Impresses Chairman With Customer Service Ideas
Deborah Moses, a UBA graduate trainee, impressed Chairman Tony Elumelu with ideas to improve customer service, earning his praise and a handshake.
Yari's Geregu bond bailout raises governance, integrity concerns
Senator Abdulaziz Yari personally funded Geregu Power's ₦6bn bond obligation after acquiring a 95% stake via Ma'am Energy for $750m, raising regulatory and fiscal governance concerns.
NGX sell-off wipes N5.9tn; BUA Foods, MTN top losers
A market sell-off on the Nigerian Exchange (NGX) erased N5.9 trillion in market capitalisation in August 2026, with BUA Foods and MTN Nigeria recording the steepest declines.
Nigerian Creatives Lose Half Workweek to Admin, Payment Delays
A new report reveals Nigerian creatives lose 50% of their workweek to admin tasks and payment delays, costing the industry billions annually.
MultiChoice Swap Programme for Nigerians With Abandoned DStv Dishes
MultiChoice launches a swap programme for Nigerians with abandoned DStv dishes, offering up to 38% savings via DStv Stream for those with reliable internet.
Sahara Turns 30: What Lies Ahead for the Conglomerate?
Sahara Group marks its 30th anniversary, reflecting on three decades of energy leadership and outlining future growth plans in Africa and beyond.
MTN Nigeria Closes Y'ello Street Museum After 25th Anniversary
MTN Nigeria has closed its Y'ello Street Museum in Lagos, marking the end of its 25th anniversary celebrations, which showcased the company's journey and telecom evolution in Nigeria since 2001.
Australia Releases Weekly Earnings Data for Engineering Roles
Australia's Jobs and Skills Australia publishes weekly earnings for 10 engineering roles. Engineering managers top the list at $3,519, while production workers earn the least at $1,656.
UBA secures NGX approval to publish H1 2026 results by Sept 30
UBA received NGX approval to release its H1 2026 unaudited financial results by September 30, 2026. The bank confirmed the date in a regulatory filing, ensuring transparency for investors.
Prestige Assurance appoints Seetharaman Sivasankar as Non-Executive Director
Prestige Assurance Plc has appointed Seetharaman Sivasankar, a veteran with over 36 years at India's NICL, as Non-Executive Director, effective August 20, 2026, subject to regulatory approval.
Dangote Offers 30% Stake in Kenyan Refinery to East Africa
Dangote Group offered East African nations a 30% stake in its planned 700,000 bpd Lamu refinery, with Kenya taking 10% for about $1.5 billion, according to Bloomberg.
Top 10 Consumer Goods Firms in Nigeria by H1 2026 Revenue
Nigerian Breweries leads H1 2026 revenue with N803bn, while BUA Foods dominates profits with N292.26bn. Combined top 10 revenue exceeds N3.5 trillion.
Dangote Cement Sanctions 250+ Truck Drivers for Safety Breaches
Dangote Cement Ibese sanctioned over 250 truck drivers for safety violations in 2025-2026, with penalties ranging from suspension to termination, the company said.
)
Glo Launches 'Never Settle For Less' Campaign With New Products
Globacom launched its 'Never Settle For Less' campaign in Lagos ahead of its 23rd anniversary, unveiling new products including Magic Data Bundles and the Glo Café App with Gloria AI assistant.
Africa's Next Tech Giants May Hide Inside Its Largest Institutions
Africa's next tech giants may emerge from within its largest institutions, leveraging existing infrastructure, data, and market access to drive innovation and growth.
Glo Unveils 'Never Settle For Less' Campaign, New Products
Globacom launched 'Never Settle For Less' campaign and unveiled new products including Welcome Bonus, Talkmasta Reloaded, Magic Bundles, and revamped Glo Café app at its Lagos headquarters.
MultiChoice CEO Reassures DStv, GOtv Subscribers After CANAL+ Acquisition
MultiChoice Nigeria CEO Kemi Omotosho confirmed that pricing, content, and channel packaging for DStv and GOtv remain locally decided, not by CANAL+ in France, following the September 2025 acquisition.
Tonya Lawani Joins Iron Capital Asset Management Board
Tonya Lawani, a Nigerian investment banker, has been named a non-executive board member of Iron Capital Asset Management, the firm announced on Thursday.
)
MTN Zigi Rewards: Chatbot Interactions Could Win You ₦100 Million
MTN Nigeria's Zigi Rewards campaign offers customers cash prizes from ₦5,000 to ₦100 million for using the AI chatbot Zigi. No purchase is needed to earn CashToken Rewards, which enter users into weekly draws and streak bonuses.
MultiChoice Launches New Live Sports Channel on DStv and GOtv
MultiChoice launches SuperSport Extra 2 on DStv channel 217, giving subscribers more live sports options during simultaneous major events, alongside a major channel restructuring.
FCCPC Investigates Nigerian Cement Prices, Summons Dangote, BUA
Nigeria's FCCPC has launched an investigation into cement prices, finding a 50kg bag costs N9,000 in Togo and N7,000 in Kenya, while in Nigeria prices range from N13,000 to N15,000. Manufacturers Dangote, BUA, and others have been summoned.
FG Starts 250 Housing Units for Civil Servants in Gwagwalada
The Federal Government has commenced construction of 250 housing units for civil servants in Gwagwalada, Abuja, under the renewed housing agenda aimed at addressing the national housing deficit.
Geregu Power Pays N6 Billion Owed to Investors on Bond
Geregu Power Plc has paid N6 billion owed to investors on its N40.09 billion Series 1 bond, fulfilling its coupon obligation under the terms of the debt instrument.
Page 5 of 37