By Ayomide Otitoju Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a 157% increase in profit after tax (PAT), reaching ₦41.78 billion in the first half of 2025, up from ₦16.26 billion in the same period of 2024. The unaudited results, released Wednesday, also detail the Group’s next steps in a recapitalisation drive that…
By Ayomide Otitoju UAC of Nigeria PLC has reached an agreement to acquire CHI Limited—producers of Chivita and Hollandia brands—from The Coca-Cola Company, in a move aimed at strengthening UAC’s footprint in the Nigerian consumer goods sector. The transaction, subject to regulatory approval, aligns with Coca-Cola’s global strategy to adopt a flexible, asset-light model while…
By Ayomide Otitoju The Federal Government has praised the Dangote Petroleum Refinery for its world-class infrastructure and investment in Nigerian talent, calling it a symbol of national industrial capacity. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, gave the commendation during an official tour of the 650,000 barrels-per-day facility in Lagos, describing the project…
By Ayomide Otitoju Akinola, Technical Assistant (Media) to the Executive Chairman of the Federal Inland Revenue Service, has commended President Bola Tinubu’s new tax laws, describing them as a bold step toward correcting Nigeria’s ailing economy and strengthening fiscal federalism. Drawing from decades of experience studying Nigeria’s fiscal policies—from the oil boom of the 1980s…
By Ayomide Otitoju 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 event also marked the formal inauguration of the Chapter’s 2025–2027 Executive Committee. Mr….
By Ayomide Otitoju Wema Bank Plc has reported a 231% year-on-year rise in profit before tax (PBT) to ₦101.2 billion in its unaudited financial results for the half-year ended June 30, 2025, up from ₦30.55 billion in H1 2024. The results, filed with the Nigerian Exchange Group (NGX), mark a significant milestone for Nigeria’s oldest…
By Ayomide Otitoju TSince its launch in 2022, the Women and Youth Financial and Economic Inclusion (WYFEI 2030) Initiative—part of the African Women’s Decade on Financial and Economic Inclusion (2020–2030)—has become a driving force in advancing inclusive finance strategies across the continent. In a recent high-level forum ahead of the Africa Social Impact Summit (ASIS…
By Ayomide Otitoju Airtel Nigeria has announced the promotion of 91 employees across various departments, highlighting its commitment to talent development, inclusivity, and employee well-being. The promotions, unveiled last week, are part of the company’s broader strategy to reward excellence and foster career growth within its workforce. Commenting on the development, Airtel Nigeria CEO Dinesh…
By Ayomide Otitoju Dangote Cement Plc has announced plans to commission its 3 million tonnes per annum (Mta) grinding plant in Côte d’Ivoire by the third quarter of 2025. The move is expected to bolster the company’s pan-African footprint and contribute significantly to regional exports. Chief Executive Officer Arvind Pathak disclosed this in a note…
