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 […]
Category: Trending
Trending News
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 […]
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 […]
Moody’s Upgrades Ecobank Ratings Outlook to Stable
Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit Assessment (BCA); and b1 Adjusted BCA. At the same time, rating analysts at Moody’s said they have changed the outlook on the group’s long-term issuer and senior […]
LCCI Urges Economic Action as Nigeria’s Q1 GDP Grows 3.13% …Calls for Strategic Reforms Amid Rising Inflation, Weak Naira
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government to shift focus from statistical optimism to real economic reform, following the release of rebased GDP data and the 3.13% real growth recorded in the first quarter of 2025. While acknowledging that the rebasing exercise—updating […]
SEC Committed to Promoting Innovation, Safeguarding Investments – Agama
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the Commission’s commitment to fostering innovation in the capital market while ensuring the security of investors’ funds. Speaking during his keynote address at the Comercio Partners H2 2025 Outlook event, Dr. Agama said the SEC […]