BudgIT, a civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has observed certain legacy issues with the 2025 Federal Government Proposed Budget and calls on the National Assembly to proactively address the irregularities, exercise its “Powers of the Purse” responsibly, allow robust public participation in the budget […]
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Airtel Africa CFO To Retire In July 2025
Airtel Africa Plc has announced that its Chief Financial Officer (CFO), Jaideep Paul, will retire following the company’s Annual General Meeting (AGM) scheduled for July 2025. The announcement was made in a statement issued by the company and submitted to the Nigerian Exchange Limited (NGX). Paul, 63, will transition […]
Air Peace, ADINA Summit Partners to Strengthen African Trade and Diaspora Connections
Air Peace, Nigeria’s leading airline, recently solidified its commitment to fostering stronger ties between Africa and its global diaspora through its strategic partnership with the Africa Diaspora Investment Network Alliance (ADINA) Summit 2024. The event, held on December 27, 2024, at the prestigious Kempinski Gold Coast City Hotel in Accra, […]
Hyundai Motor, Kia Motor see uptick in 2025 sales after missing 2024 targets
Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets. The automakers, which together rank third in global vehicle sales, sold 7.23 million vehicles in 2024, […]
CSR: NOVVA Media & Communications wins LaPRIGA Award for excellence
NOVVA Media & Communications has been recognized for its outstanding work in Corporate Social Responsibility (CSR) story telling at the prestigious LaPRIGA Awards. The agency was honored with the award for”Best in Brand Storytelling in CSR” for its impactful campaigns executed on behalf of its client, Rector Cares Foundation,for their […]
Nigerian Breweries Plc Lists 20.7bn New Shares After Rights Issue
Nigerian Breweries Plc has announced the successful listing of 20,706,894,542 new ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX). This development follows the company’s recently concluded Rights Issue of 22,607,491,232 ordinary shares at N26.50 per share. This was contained in the company’s notice […]
NGX Bucks 2015 to 2019 Trend, Thrives in Roaring 20s … ASI closes 2024 at +37.65%
Nigerian Exchange Limited (NGX) has marked a remarkable turnaround, breaking away from the poor performance of the 2015–2019 period to thrive in the 2020s. Following the oil price crash in 2015 and the ensuing recession in 2016, the 2020s have ushered in a period of unprecedented growth for Nigeria’s stock […]
Polaris Bank, Partners Support 16,000 Students To Reduce Out-Of-School Children In Nigeria
Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the Bank has ensured continuous education for over 15,000 students, providing them with the opportunity to learn, thrive, and contribute to a better future. […]
FCMB Group Completes Public Offer, Raises N147.51bn with 33% oversubscription.
FCMB Group Plc has announced the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (S. The Group noted that the offer was oversubscribed by 33 per cent, attracting 42,800 investors with 92 per cent subscribing […]
Vitafoam To Pay N1. 38bn Dividend As Net Asset Hits N25bn
Vitafoam Nigeria Plc has proposed a dividend of N1.05 per share, amounting to N1.375bn for approval by shareholders at its 63rd Annual General Meeting (AGM), scheduled for 6th March, 2025 in Lagos. The Group’s Net Asset, a performance indicator of corporate growth, rose to N25bn in 2024 from N17bn in […]