Business

BY BLAISE UDUNZE  In Nigeria’s banking industry, profit has become more a press release than a performance. Every results season, the same storyline plays out with record profits, rising assets, and promises of “strong fundamentals.” Yet, beneath the eye-catching headlines lies a quiet deception of a pattern of accounting charades …

Telecommunications leader Globacom has announced the introduction of revised data bundles to offer customers significantly more data volume at no additional cost. The enhancement reflects the company’s commitment to delivering superior value, affordability, and customer satisfaction. The upgraded Glo Data Bundles are improved versions of the existing daily, weekly, and …

Mr. Soji Maurice-Diya, Chief Executive Officer of NatCom Development & Investment Limited (trading as ntel), says the company remains bullish about its market comeback in Q1 2026, unveiling a renewed strategy to fill what he describes as “innovation gaps” in Nigeria’s telecoms ecosystem. Speaking during the Technology Times Thought Leadership …

In a desperate move to recover a whooping sum of N1,133,808,604.31, fraudulently removed by some customers, Lotus Bank has dragged 45 banks in Nigeria before a Federal High Court Lagos. Lotus bank, in its motion on notice filed before the Court confirmed that the money was removed on July 20, …

Stanbic IBTC Bank reaffirmed its dedication to Nigeria’s agricultural sector at the Lagos Farm Fair 2025, held on 16 October 2025 in Ikeja, Lagos. Organised by the British American Tobacco Nigeria Foundation, in collaboration with the Lagos State Ministry of Agriculture and Food Systems, the event coincided with World Food …

Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by high growth.  Key highlights for January to September 2025 Results : Revenue Growth: Nestlé Nigeria PLC saw a robust 33% increase in revenue, totaling N884.5 billion compared to 9M of 2024. Operating Profit: The operating profit grew to …

Ernest Azudialu-Obiejesi and Nestoil Towers Ernest Azudialu-Obiejesi, Nigerian oil magnate is currently facing hard times as a consortium of Nigerian banks has seized his Nestoil Towers, over an alleged estimated $1 billion debt. The move followed a Federal High Court order issued on October 22, 2025, granting a Mareva injunction—an asset-freeze order—empowering First Trustees Limited and …

Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per suare (EPS), which rose from ₦16.55 to ₦43.80. This significant growth reflects the company’s strong operational performance and strategic expansion efforts. Group revenue climbed …

…….. Reports Profit Before Tax of ₦900.8billion  Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements as of September 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).   The Group posted profit before tax of ₦900.8billion …

  As Nigeria looks to opening up the economy and empowering its citizens, Fidelity Bank Plc has taken a bold step to deepen financial inclusion and reward customer loyalty by extending its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo. The extension adds three more months …