Business news
CSCS Shareholders Approve N8.9bn Dividend as Earnings Rise Amid Economic Pressures
Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9bn, translating to N1.78...
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SunTrust Bank Appoints Kudi Badmus as Executive Director
SunTrust Bank Nigeria Limited has appointed Kudi Badmus as Executive Director, reinforcing its leadership team as the bank accelerates its...
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Shell to Acquire ARC Resources in $16.4bn Deal to Expand Shale Portfolio
British energy major Shell has announced plans to acquire Canadian firm ARC Resources in a deal valued at $16.4 billion,...
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NRS Debunks Fake Vehicle Tax Claim, Warns Nigerians Against Fraudulent Website
The Nigeria Revenue Service (NRS) has warned Nigerians to disregard a misleading infographic circulating online, which falsely claims the introduction...
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UBA Grows Assets to N33.2tn, Strengthens Capital Base Despite Earnings Dip
Africa’s global bank, United Bank for Africa Plc, has announced its audited financial results for the year ended December 31,...
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Dangote Refinery Expansion to Create 95,000 Jobs, Set to Become World’s Largest
President of the Dangote Group, Aliko Dangote, has announced that the planned expansion of the Dangote Refinery will generate employment...
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BUA Cement Posts N192.9bn Pre-Tax Profit in Q1 2026
BUA Cement Plc has reported a strong financial performance for the first quarter of 2026, posting a pre-tax profit of...
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Conoil, Nimex Clash in Court Over $8.4m Judgment Debt
A legal dispute has emerged between Conoil Plc and NIMEX Petrochemicals Ltd. before the Federal High Court in Abuja over...
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NCC: Telecom Operators to Upgrade 12,000 Network Sites in 2026
The Nigerian Communications Commission has announced that telecom operators have committed to upgrading 12,000 network sites across the country in...
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NCC: Telecom Subscribers to Receive Compensation for Poor Service via Airtime Credit
The Nigerian Communications Commission (NCC) has assured telecom subscribers that they will begin receiving compensation for poor quality of service...
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