First Holdco to Pay 60% of Profit as Dividends
First Holdco has declared a policy to pay out 60% of its annual profit as dividends, positioning it among Nigeria's most generous holding companies in shareholder returns.
Category : Corporate News
FirstHoldco to Pay 60% of Profit as Dividends
FirstHoldco has declared it will pay out 60% of its annual profit as dividends, a move aimed at rewarding shareholders and signaling confidence in its financial health.
Mecure appoints Anderline Dukor as sole CEO for N50bn expansion
Mecure Plc has appointed Anderline Dukor as its sole Chief Executive Officer, effective immediately, as the company embarks on a N50 billion expansion strategy across Nigeria.
Leadway, Cubecover, Vitse Join IMT 5.0 as Partners
Leadway Assurance, Cubecover, and Vitse Technologies have been named official partners for the fifth edition of the Insurance Marketing Technology conference, aiming to drive digital transformation in the insurance sector.
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Golemon Shuts Down, 33 Jobs Lost
Nigerian logistics startup Golemon has ceased operations, affecting 33 employees. The company cited challenging market conditions and funding difficulties.
Apple Launches Leasing Programme for iPhones, Macs
Apple and Klarna launch a leasing programme for iPhones, Macs and iPads with monthly payments starting at $17.99, replacing the iPhone Upgrade Programme.
PwC, EY Hold 35.9% Nigeria Audit Market
PricewaterhouseCoopers (PwC) and Ernst & Young (EY) jointly commanded an estimated 35.9% of Nigeria's corporate audit market in 2025, according to a new industry report.
CAP PLC Sandtex Paint Challenge Grand Finale
Chemical and Allied Products Plc (CAP PLC) hosted the grand finale of the Sandtex Paint Your Dream Challenge in Lagos, awarding ₦1,000,000 to Sango Senior Secondary School as Grand Champion, reaffirming commitment to youth creativity.
AMCON Assets Dip 29.8% to N1.29 Trillion Wind-Down
AMCON's total assets fell by 29.8% to N1.29 trillion in 2025 as the corporation accelerates its wind-down process, selling off remaining portfolios.
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Northern Senators Condemn Benue, Kaduna Attacks Killing Over 40
Northern Senators Forum condemns attacks in Benue and Kaduna that killed over 40 people, calls for justice and support for displaced families, while welcoming army expansion.
Okomu Oil H1 2026 Pre-Tax Profit Falls 12% to N59B
Okomu Oil's pre-tax profit dropped 12% in H1 2026 to N59 billion, driven by higher costs and lower production, according to its financial report.
Dimension Data Raises N4.05 Billion Bond Tranche
Dimension Data has successfully raised N4.05 billion in the first tranche of its N20 billion bond programme, with a 10-year tenor and 16.5% coupon rate.
Segilola Hands Over Minibuses to Osun Communities
Segilola Resources Operating Limited handed over nine commercial minibuses and provided business support to beneficiaries under its Youth Empowerment Programme in Osun State host communities.
FCMB Group H1 2024 Profit Surges 90.5% to N139.9 Billion
FCMB Group reported a 90.5% increase in net profit to N139.9 billion for H1 2024, driven by revenue growth, cost management, and digital expansion.
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Global HIV funding sees steepest decline in 2025
International donor funding for HIV fell 25% in 2025, the largest single-year drop, driven by US cuts. UNAIDS warns the global response is at risk.
FIFA Proposes $20B Commercial Arm; UEFA Raises Concerns
FIFA unveils a $20 billion commercial entity to centralize rights sales, but UEFA warns of governance risks and potential conflict of interest.
Dangote's Daughter Shares Father's 33% Wealth Donation Plan
Halima Dangote reveals her father Aliko Dangote's plan to donate 33% of his wealth to charity, aligning with Sharia code and involving family in the will.
Insurance Stocks Drive NGX Rebound, Investors Recover N481Bn
Insurance sector stocks lifted the Nigerian Exchange in July 2026, helping investors recoup N481 billion in market value after weeks of decline, according to trading data.
Africa Prudential H1 2026 Strategy: Digital Growth
Africa Prudential reported strong H1 2026 results, driving growth through digital transformation and operational efficiency, with a 25% revenue increase.
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Nigerian Enamelware Finance Director Lawrence Iseh Dies
Nigerian Enamelware has announced the death of its Finance Director Lawrence Iseh, who served the company for 18 years and was instrumental in its financial stability.
HBM Nigeria H1 2026 Profit Hits N317.73 Billion, N16 Dividend
HBM Nigeria reported a 59.08% rise in pre-tax profit to N317.73 billion for H1 2026, driven by strong cement revenue and lower finance costs, and declared an interim dividend of N16 per share.
Aliko Dangote Plans $11.7 Billion Charity Donation in Succession
Africa's richest man Aliko Dangote plans to allocate 33% of his $35.1 billion fortune, approximately $11.7 billion, to philanthropy as part of his family succession plan, his daughter Halima Dangote has confirmed.
Nigeria Manufacturers Sink Deeper No Relief
Nigerian manufacturers face crippling costs and policy paralysis, pushing many to the brink of collapse with no government relief in sight.
How to Reply to a Query Letter for Misconduct Guide
Learn how to professionally respond to a query letter for misconduct at work or school with expert tips, sample responses, and key takeaways to avoid disciplinary action.
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Candle's DOOH Transforms Ghana World Cup with Club Beer
Candle's programmatic DOOH campaign for Club Beer turned Ghana's largest billboard into a live World Cup scoreboard, reaching 1.43 million individuals and generating 54 million impressions.
Samsung Galaxy Z Fold8 Series: Prices in Naira & AI Features
Samsung unveils Galaxy Z Fold8 Ultra, Fold8, and Flip8 at London event. Prices range from ₦2.54 million to ₦5.73 million. New passport-shaped design, upgraded AI, and improved durability.
Sir Ian Wood, oil billionaire and Wood Group founder, dies at 84
Sir Ian Wood, the billionaire founder of Wood Group and one of Scotland's richest men, has died peacefully at his home in Aberdeen at the age of 84.
NGX Group Posts N14.76 Billion H1 Pre-Tax Profit
NGX Group announced a pre-tax profit of N14.76 billion for H1 2026 and declared an interim dividend of N1.30 per share, reflecting strong financial performance.
Champion Breweries H1 Pre-Tax Profit Falls 34.1% to N2.28bn
Champion Breweries reported a 34.1% decline in pre-tax profit to N2.28 billion for H1 2026, amid rising costs and challenging economic conditions.
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US Embassy in Nigeria Announces 7 Job Openings in USD
The US Embassy in Nigeria has released seven job vacancies with salaries paid in dollars, ranging from $19,951 to $54,485 per year, with deadlines starting July 24, 2026.
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