Business

Ports & Cargo Handling Services Limited (PCHS), the port management subsidiary of SIFAX Group, has contracted Micura Services Limited to handle its stevedoring services at its terminal in Tin Can Island Port, Lagos. This agreement is part of the company’s broader restructuring effort to enhance efficiency in its port operations …

Nestlé Nigeria has introduced new clear caps across its Pure Life bottled water range to boost recyclability. The clear caps, first introduced with the launch of the 33cl Nestlé Pure Life bottles, now feature on all bottle sizes, excluding Nestlé Pure Life Protect. By eliminating the traditional blue color pigmentation, …

The start of the third quarter saw a pick-up in growth momentum in the Nigerian private sector. Rates of expansion in output and new orders accelerated, leading to a sharp rise in purchasing activity and the fastest increase in employment since October 2023. Firms were helped to some degree in …

President Bola Tinubu has warmly congratulated Abdul Samad Rabiu, Chairman of BUA Group and one of Africa’s leading industrialists, as he marks his 65th birthday today. In a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga on Sunday, Tinubu described Rabiu as one …

Stanbic IBTC Holdings PLC has achieved a remarkable milestone, surpassing the ₦100 threshold on Tuesday, 29 July 2025, and achieving an impressive month-to-date gain of over 18% on the Nigerian Exchange, as at that date. Ending last week at N101, this dynamic stock is not only solidifying its gains but also …

Management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third quarter of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports. Chief Executive of Dangote Cement, Arvind Pathak, in a note …

  …New Era to Focus on Capacity Building and Professional Excellence The Institute of Chartered Accountants of Nigeria (ICAN), Fidelity Bank Chapter, has inaugurated Mr. Audifax Onuoha as its new Chairman, at the Chapter’s 4th Investiture and Patron Conferment Ceremony, held at Fidelity Bank’s Head Office, Fidelity Place, Lagos. The …

  Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period ended June 30, 2025, to the Nigerian Exchange Group (NGX). On track to set an unprecedented benchmark, Wema Bank’s H1 …

FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, held recently in London. This marks FirstBank’s second consecutive win in the ESG category, affirming its leadership in …

  Comrade Joseph Dagogo-Jack, a leader of the Petroleum Tanker Drivers (PTD), branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in Port Harcourt Zone has accused the President and the General Secretary of NUPENG, Williams Akporeha and Afolabi Olawale of using bullying, harassment and other unconstitutional …