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April 22
Nigeria: Alebiosu Takes Over As Acting CEO of First Bank
The Board of Directors of First Bank has announced Segun Alebiosu, Executive Director and Chief Risk Officer of First Bank, as the acting Managing Director and Chief Executive of… Read more »
Nigeria: Transcorp Hotel Records N41.4bn Revenue in 2023
Transcorp Hotel Plc has announced a 36.2 per cent rise in its revenue in 2023. Read more »
Nigeria: Transcorp Power Recorded 775 Percent Profit in Q1
Transcorp Power Plc (Transcorp Power) has announced a 775 per cent Profit Before Tax (PBT) in the first quarter of 2024 with profit rising from N3.29 billion in Q1 2024 to N28.77… Read more »
Nigeria: Dana Air Conducts Free Health Screening for Passengers, Others
Dana Air, one of Nigeria's leading airlines, has announced two significant initiatives aimed at promoting health and wellness among its staff and customers and that it has… Read more »
April 18
Nigeria: Access Bank to Reward 15,786 Customers in Diamond Xtra Season 16 Promo
The management of Access Bank has set aside N200 million in cash and three SUVs to reward 15,786 customers in its Season 16 DiamondXtra campaign. Read more »
Nigeria: FMBN Commences Recapitalisation Exercise
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has disclosed that the bank has commenced recapitalisation exercise to boost efficiency in… Read more »
April 10
Nigeria: Fy 2023 - UBA Records N608bn Profit, Shareholders' Funds Hits N2.0tn
United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing profit after tax (PAT) grew by 257 per cent from… Read more »
April 08
Nigeria: Alscon - Court Acquits Alex Okoh, Ex-BPE DG of Contempt Charges in BPE, Bfig Tussle
Mr Alex Okoh, the former Director-General of the Bureau of Public Enterprises (BPE), has been acquitted of contempt charges in a legal dispute between BPE and BFIG, over the… Read more »
April 01
Nigeria: United Nigeria Is Next to Fly to London, Says Chairman
Chairman of United Nigeria Airlines (UNA), Professor Obiora Okonkwo, has said the airline is the next in line to launch flight operations to the United Kingdom. Read more »
March 13
Nigeria: IWD - Sundry Foods Set to Empower Female Workers
Sundry Foods Limited (SFL), a leading food services company in Nigeria, has said it is committed to creating an inclusive work environment that empowers and uplifts women for a… Read more »
March 10
Nigeria: Jigawa Now Has Hibiscus Processing Plant
In a significant move towards economic diversification and agricultural transformation, Governor Umar Namadi of Jigawa State officially commissioned the COMTTRAJIGAWA Hibiscus… Read more »
March 05
Nigeria: Nigeria Air - We Did Not Flout Any Law - Ethiopian Airlines
Ethiopian Airlines has said the airline has already acquired three aircraft for the botched Nigeria Air project, and that it is ready to continue with the process. Read more »
February 26
Nigeria: Azura Power Should Serve As Model for Power Generation - Adebayo
Amidst lamentations on the inadequate supply of electricity in Nigeria, the Minister of Power, Adebayo Adelabu, has said Azura Power West Africa should serve as a model on how… Read more »
February 22
Nigeria: Tinubu Fires Kuru, Names Alade Amcon CEO
President Bola Tinubu has sacked Ahmed Lawan Kuru as the Managing Director/ Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), naming Gbenga Alade as… Read more »
February 20
Nigeria: Buhari's Ghost - It's the Economy, Stupid
The sum of $6.2 billion disappeared from the coffers of the Central Bank of Nigeria under Muhammadu Buhari, and believe me, we have been told by his chief scribe that the president… Read more »
February 15
Nigeria: Tinubu Appoints Son-in-Law As Managing Director of FHA
President Bola Tinubu has approved the appointment of his son-in-law, Oyetunde Oladimeji Ojo, as the new Managing Director/CEO of Federal Housing Authority (FHA). Read more »
February 13
Nigeria: Bolaji Agbede Replaces Late Wigwe As Access Holdings Acting Gceo
Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. Read more »
February 12
Nigeria: Bon Hotels Seek End to Dollarisation of Hospitality Sector
The management of Bon Hotel Octagon, an affiliate of BON Hotels, international hotel brands in Nigeria, charges clients in naira to assist the government's efforts of re-energising… Read more »
Nigeria: Access Bank to Announce Wigwe's Successor As Okonjo-Iweala, Otedola, Others Mourn
The board of Access Holdings Plc says it will soon announce an acting Group Chief Executive Officer to replace its late CEO, Herbert Wigwe. Read more »
January 17
Nigeria: Amnesty Kicks Against Shell Nigeria's Selling of Onshore Business
Shell Plc has agreed to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion. Read more »
January 16
Nigeria: Port Harcourt Refinery - NNPCL Shops for Private Operator
In a move to boost efficiency and productivity, the Nigerian National Petroleum Company Limited (NNPCL) is seeking to transfer the operations of the Port Harcourt Refinery to a… Read more »
January 05
Nigeria: Yahaya Resigns As Md of Kaduna Electric
Mr. Yusuf Usman Yahaya, Managing Director of Kaduna Electric, has tendered his resignation. Read more »
December 26, 2023
Africa: Airtel Africa Customers Hit 150m
Airtel Africa has said it has registered its 150 millionth customer. Read more »
December 07, 2023
Nigeria: Forex Crisis - 5,000 to Lose Jobs As P&G Exits Nigeria
At least 5,000 jobs would be affected as a global leader in consumer goods, Procter & Gamble, announces plans to dissolve its on-ground operations in Nigeria and carry out… Read more »
November 17, 2023
Nigeria: The Economic Cost of Vandalism, Insecurity
The electricity distribution company (DisCo) that provides power to the FCT is not answerable to the FCT Administration. Therefore, the FCTA lacks the power to penalise it for its… Read more »
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