•IPMAN targets sub-N800/litre By Udeme Akpan &  Obas Esiedesa Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit (PMS), popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal […]

By Babajide Komolafe United Bank for Africa, UBA Plc, has announced the retirement of its Group Chairman, Tony Elumelu   and the appointment of Mr. Emmanuel Nnorom as his successor.  In a statement announcing the board leadership change filed with the Nigerian Exchange, NGX, the bank stated: “Mr. Tony O. Elumelu, Group Chairman of UBA, will  […]

By Rosemary Iwunze PRIVATE healthcare providers are expanding investments in specialist medical services as rising cases of chronic diseases, an ageing population and increasing demand for quality healthcare continue to reshape Nigeria’s healthcare landscape. The latest move came from OneHealth by AXA, which has introduced Geriatric and Optometry clinics at its Victoria Island Medical Centre […]

By Rosemary Iwunze AXA Mansard Insurance Plc has been honoured with the Community Hero Award by the Blood Transfusion Centre of the Lagos University Teaching Hospital (LUTH) in recognition of its contribution to strengthening voluntary blood donation and supporting efforts to improve access to life-saving blood for patients. The recognition comes amid growing calls for […]

By Mather Godwin Dangote Cement Plc has announced a 50 per cent increase in dividend payout to shareholders, raising the dividend from N30 per share to N45 per share, which translates to a total payout of approximately N753.8 billion, reaffirming the company’s position as one of the most rewarding investments on the Nigerian Exchange (NGX).  The […]

The European Bank for Reconstruction and Development  (EBRD) has set a target of investing at least $1.5 billion in Nigeria over the next three years as it expands its operations in Sub-Saharan Africa. The projection was disclosed by the EBRD’s Managing Director for Sub-Saharan Africa, Ms Heike Harmgart, and the bank’s Country Director and Head of […]

By Yinka Kolawole Nigeria is positioning its vast critical mineral deposits as the foundation for a new wave of industrial growth, following the unveiling of a strategic roadmap designed to convert the country’s mineral wealth into investments in clean energy manufacturing and domestic value addition. The roadmap, presented by the Council for Critical Minerals Development in […]

By Yinka Kolawole Nigeria’s manufacturers are increasingly embracing local sourcing and value addition as a survival strategy to reduce dependence on imported inputs amid rising production costs that continue to undermine their competitiveness within the domestic and regional markets. Industry operators, however, warn that without lower financing costs, improved infrastructure, better logistics and stronger government support […]

Stransact Chartered Accountants has announced plans to reward 100 outstanding graduating students from 20 top Nigerian universities under the Stransact Honours Roll, an initiative designed to recognise academic excellence and prepare high-performing graduates for the workplace. The programme will honour five exceptional final-year students from each university selected from the Times Higher Education (THE) World University […]

Shareholders of FCMB Group Plc have approved a total dividend payout of N23.08 billion for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held in Lagos last week. Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Ladi Jadesimi and the ratification of Mrs. Adepeju […]