United Bank for Africa (UBA) has integrated its Artificial Intelligence (AI) chatbot, LEO, with the Pan-African Payment and Settlement System (PAPSS) in a bid towards enhancing intra-African trade. The initiative launched in partnership with the African Export-Import Bank (Afrexim Bank), enables seamless end-to-end transactions across African borders in […]
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FG Urged To Incentivize NASD Listings For Market Growth
The Federal Government has been urged to introduce targeted incentives to encourage public limited liability companies to list on the NASD OTC Securities Exchange, as part of broader efforts to deepen Nigeria’s capital market and drive inclusive economic growth. This appeal was made by the Managing Director and […]
Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion
Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period ended June 30, 2025, to the Nigerian Exchange Group (NGX). On track to set an unprecedented benchmark, Wema Bank’s […]
Q2 2025: Nigerian Breweries Records N733.19bn Revenue
Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the same period of 2024. According to the provisional result, net profit for the second quarter of 2025 stood at […]
Seplat Energy’s H1 2025 Revenue Hits N2.17trn … Declares US 4.6 Cents Dividend Per Share for the Quarter
Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year. Its gross profit soared to N751.2bn from N247.5bn Year-on-Year. Cash generated from its operations for the period grew to […]
UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola
UAC of Nigeria Plc has announced it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited), one of Nigeria’s leading food and beverage companies, from The Coca-Cola Company. The proposed transaction, subject to regulatory approvals, marks a major milestone in UAC’s strategic growth agenda within […]
Nestlé Nigeria Empowers Rural Women in Ogun State
Nestlé Nigeria Plc has announced the expansion of its flagship initiative, Nestlé Empowering Rural Women in Nigeria, to Agbara, Ogun State. Aimed at strengthening small businesses and enhancing livelihoods within rural communities, this program has welcomed 49 new female retailers. The Nestlé Empowering Rural Women in Nigeria […]
GDP Growth Unsustainable Amid Worsening Electricity Supply, Says Rewane
An economist and Managing Director of Financial Derivatives Company Ltd, Bismarck Rewane, has warned that Nigeria’s continued electricity supply crisis poses a serious threat to the country’s economic stability and long-term growth, declaring that current GDP progress is unsustainable without immediate and comprehensive reforms in the power sector. […]
Shareholders To Get N5.4bn Interim Dividend From United Capital
United Capital Plc has announced an interim dividend of N5.4bn for the half year (H1) 2025. The company stated this in its H1 unaudited results for the period ended June 30, 2025 The dividend translates to N0.30 for every 50 kobo ordinary share, subject to appropriate withholding […]
SEC Disowns AGM of Tourist Company of Nigeria
The Securities and Exchange Commission (SEC) has disowned the purported Annual General Meeting (AGM) of The Tourist Company of Nigeria (TCN) Plc held on July 25, 2025, warning that any resolutions passed at the meeting are null and void. In a public notice issued on Monday, the Commission condemned recent […]