The Nigerian Exchange Ltd. (NGX) on Tuesday transacted 733.05 million shares worth N35.288 billion in 16,619 transactions. This is in contrast with 500.59 million shares worth N12.110 billion that was traded in 17,637 deals earlier. Meanwhile, transactions in the shares of Fidelity Bank topped the activity chart with 285.15 million shares worth N5.774 billion. MTN…
MTN Nigeria Communications Plc generated N1.0 trillion in service revenue in the first quarter of 2025. This marks a 40.5 per cent increase from the N752.99 billion earned in Q1 2024. The company confirmed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday. Profit after tax dropped by 134 per cent, falling…
Guinness Nigeria Plc says it is prioritising increased connection, purpose and impact, especially following the recent change in majority shareholding and as it celebrates its 75th anniversary. Its Managing Director, Mr Girish Sharma, who disclosed the focus in a statement on Tuesday in Lagos, said that this promises greater local agility and innovation for the…
The Federal Inland Revenue Service (FIRS) on Tuesday inaugurated its Gender Desk and Women Network (WoN) to promote gender equity and inclusive governance. Speaking at the inauguration in Abuja, the Executive Secretary, FIRS, Dr Zacch Adedeji, described the inauguration of the desk as a declaration of the service’s resolve to embed equity at the heart…
The Director-General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, has said that newspaper organisations in the country were owing retired journalists more than N1.3 billion unpaid pension contributions. This is contained in a statement in Abuja on Tuesday, by the management of the commission. According to a statement, Oloworaran disclosed this when she…
May & Baker Nigeria Plc has declared a dividend of 40k for the year ended Dec. 31, 2024. The company disclosed this in a corporate disclosure through the Nigerian Exchange Ltd. on Monday. “The audited financial statement for the year ended 31st December 2024 was approved at the Board meeting held on March 27, 2025…
The Rural Electrification Agency (REA) on Monday signed grant agreements with nine renewable energy companies to provide electricity access to 17.5 million Nigerians. The companies are, Privida Power Limited, Baobab Plus, Salpha Energy, Asolar, NTA-StarTimes, A4&T Power Solutions, Sunking Greenlight Planet, Bboxx, and D.Light. The News Agency of Nigeria (NAN) reports that this marks the…
The Bureau of Public Procurement (BPP) is set to inaugurate the Nigeria Procurement Certification Programme (NPCP) to standardise and professionalise procurement certification in Nigeria. Dr Adebowale Adedokun, Director-General(D-G), BPP disclosed this at a news briefing in Abuja on Monday. Adedokun said the programme, which was in partnership with the World Bank, would be inaugurated on…
United Bank for Africa has announced a profit of N189.84 billion for the first quarter of 2025, marking a strong start to the financial year. This represents a 33.15 per cent increase compared to the N142.58 billion recorded during the same period in 2024. The bank revealed this in a corporate disclosure filed with the…
Air Peace Ltd. has announced the suspension of all flight operations nationwide due to the ongoing strike embarked upon by the Nigerian Meteorological Agency (NiMET). This is contained in a statement signed by the Head of Corporate Communications, Air Peace, Dr Ejike Ndiulo, on Wednesday in Lagos. According to Ndiulo, the decision is necessary because…
