Business

FIRST HOLDCO PLC SUSTAINS SOLID REVENUE MOMENTUM; INCREASES GROSS EARNINGS & PROFITABILITY TO ₦942.0 BILLION & N321.1 BILLION RESPECTIVELY FOR THE UNAUDITED FIRST QUARTER ENDED MARCH 31, 2026.   First HoldCo Plc. (“FirstHoldCo” or the “Group”) today announces its unaudited results for the first quarter ended March 31, 2026.   …

LAGOS.08.05.2026. As part of efforts to promote SMEs and strengthen support for operators in the informal sector, Unity Bank has continued to empower small-scale traders and shop owners across Nigeria through its initiative called Shop Collateralised Facility, SHOCOF. SHOCOF is an innovative loan product, and Unity Bank has disbursed over N500 …

The Emirates Group has announced record-breaking financial results for the 2025-26 fiscal year, with Emirates retaining its position as the world’s most profitable airline despite major regional disruptions late in the reporting period. The Group posted a record profit before tax of AED 24.4 billion (US$6.6 billion), up 7% year-over-year, …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a member of Standard Bank Group, has reaffirmed its commitment to advancing trade and economic growth in West Africa following the successful conclusion of GTR West Africa 2026, where the Bank served as lead sponsor. The two-day conference, which was …

Stanbic IBTC is strengthening its position as a trusted leader in home financing in Nigeria through its ongoing partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). The organisation’s Banking business continues to help professionals, entrepreneurs, and married couples in Nigeria and the diaspora achieve homeownership with greater ease …

Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. …

African businesses must respond to uneven economic recovery, persistent foreign exchange volatility, and infrastructure gaps by embedding resilience, regional thinking, and productivity into their growth strategies, speakers said during a high‑level panel session at the Nigeria Business Summit 2026, organised by Stanbic IBTC. The panel, held as part of the …

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2026, with a 6% growth in Gross Earnings, from N950 billion reported in Q1 2025 to N1.01 trillion in Q1 2026. This is despite the challenging operating environment and tightening monetary policy stance. From the unaudited statement of …

Coinage Fund Management Ltd (“Coinage Fund”), an Africa-focused investment management firm, has officially received approval from the Securities and Exchange Commission (SEC) Nigeria to operate as a Fund/Portfolio Manager. This milestone marks a significant step in the company’s mission to democratize access to professional wealth management and reshape the future …

The Nigerian private sector remained in growth territory at the start of the second quarter of the year as customer numbers and market demand continued to strengthen. That said, the impacts of higher fuel costs as a result of the war in the Middle East were felt again, pushing up …