Transcorp Power Plc has reported a profit after tax of ₦29.70 billion for the first quarter ended March 31, 2026, marking a decline from ₦32.64 billion in the same period…
Unilever Nigeria Plc Posts ₦7.02 Billion Profit in Q1, Revenue Reaches ₦59.17 Billion
Unilever Nigeria Plc has posted a strong financial performance for the first quarter of 2026, reporting a profit after tax of ₦7.02 billion, a 26.4 percent increase from ₦5.55 billion…
Dangote Expands $20bn Refinery with Honeywell Partnership to Boost Plastics and Detergent Production
Dangote Refinery has signed a strategic partnership with Honeywell to deploy advanced petrochemical technology, significantly expanding its production capacity for key industrial inputs like plastics and detergent raw materials. This…
Tinubu Removes Finance Minister Wale Edun, Appoints Taiwo Oyedele in Major Cabinet Reshuffle
Nigeria’s President Bola Ahmed Tinubu has reportedly removed Finance Minister Wale Edun in a significant cabinet reshuffle that signals a potential recalibration of the country’s economic leadership amid ongoing fiscal…
Apple Announces John Ternus as Tim Cooks Successor After 15-Year Leadership Tenure
Apple Inc. has announced a major leadership change, with John Ternus set to become the company’s next Chief Executive Officer, replacing Tim Cook in a transition that will take effect…
Banks Lead Print Advertising Spend with ₦1.28 Billion in Q1 2026
Nigeria’s banking sector dominated print media advertising in the first quarter of 2026, accounting for the largest share of expenditure with a total of ₦1.28 billion across 1,260 advert placements,…
MTNs $4.8 Billion Deal Propels Africa Outbound M&A to $6.7 Billion
MTN’s $4.8 billion acquisition of IHS Holding Ltd has become the cornerstone of Sub-Saharan Africa’s outbound mergers and acquisitions surge in the first quarter of 2026, driving the region’s total…
Dangote to Launch Pan-African IPO for $20 Billion Refinery on Multiple Stock Exchanges
Aliko Dangote is pushing forward with plans to list his flagship Dangote Petroleum Refinery and Petrochemicals on multiple African stock exchanges, marking what could be the continent’s first pan-African initial…
Nigerian Corporates Raise Over ₦1.58 Trillion via Capital Markets Amid High Lending Rates
Nigerian corporates are increasingly turning to the debt capital market to meet their funding needs as elevated bank lending rates continue to constrain access to traditional credit. Data from FMDQ…