Business

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 …

  Leading financial institution, Fidelity Bank Plc, has commended Air Peace for its historic inaugural direct flight from Abuja to London Heathrow, describing the milestone as a bold testament to Nigerian excellence in global aviation.   The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe,OON …

Justice Akintayo Aluko of a Federal High Court, Lagos, has adjourned to January 27, 2026, further hearing of the criminal charge filed against a Briton, two Indian nationals, and their companies for allegedly defrauding Ecobank Nigeria Limited of the sum of $42.48 million. The Briton and the Indian nationals alleged …

FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is proud to announce the commencement of its 2025 Corporate Responsibility and Sustainability (CR&S) Week, scheduled to hold from 27 October  – 1 November 2025. Now in its ninth year, the annual event is a reflection …

*As nominations portal closes for WES 2025 Awards For Outstanding Economic Impacts All is set for the annual WorldStage Economic Summit 2025 on Friday November 21, 2025 at The Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos by 10AM, with top experts from the public, private and academia set to address the theme: Tackling the Issue of Low Productivity in …

The Aliko Dangote Foundation (ADF), in partnership with Sight and Life Foundation (SAL), has launched a nationwide initiative titled “Promotion of Production & Consumption of Fermented Foods for Food & Nutrition Security in Nigeria.” The program, unveiled at a workshop in Lagos, aims to combat malnutrition and improve food security by promoting …

The Nigerian Meteorological Agency (NiMet) has predicted varying weather conditions, including dust haze and rainfall, across different parts of the country between Monday and Wednesday, urging residents to stay alert. In its weather outlook released Sunday in Abuja, NiMet projected slight dust haze with good visibility over Borno, Zamfara, northern …