By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO) has announced the 8th edition of its highly anticipated GTCO Food and Drink Festival, scheduled to take place from Friday, May 2 to Sunday, May 4, 2025, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos. This year’s festival is themed “A Shared Experience,”…
By Ayomide Otitoju The Economic Community of West African States (ECOWAS), in partnership with Ecobank Nigeria and the World Bank, has trained over 100 Nigerian entrepreneurs in the off-grid photovoltaic solar energy sector. The initiative, conducted under the Regional Off-Grid Electricity Access Project (ROGEAP), aims to build a robust regional market for standalone solar systems….
By Ayomide Otitoju Shareholders of Zenith Bank Plc have approved a final dividend of ₦4.00 per share at the bank’s 34th Annual General Meeting (AGM), held on Tuesday, April 29, 2025, at the Civic Centre, Victoria Island, Lagos. This brings the total dividend for the 2024 financial year to ₦5.00 per share, amounting to ₦195.67…
By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has highlighted Lagos as a premier destination for investors, citing its $259 billion GDP, robust infrastructure, and business-friendly policies. Speaking at Harvard Business School during Professor Hakeem Belo-Osagie’s course, “Understanding Africa: Business, Entrepreneurship, Political Economy and the Complexities of a Continent,” Sanwo-Olu described Lagos as “a business…
By Ayomide Otitoju A new cohort of 52 trainee engineers has successfully completed the Dangote Petroleum Refinery Graduate Trainee Programme and is poised for formal induction into the refinery’s workforce. The engineers, specializing in Chemical, Electrical/Electronic, and Mechanical Engineering, underwent rigorous training, culminating in project presentations and defenses evaluated by refinery management. The latest batch,…
By Ayomide Otitoju Dangote Cement Plc has reported robust financial results for the first quarter ended March 31, 2025, posting a pre-tax profit of ₦311.97 billion-an 87.5% increase from ₦166.40 billion recorded in the same period last year[1][2]. The company’s profit after tax surged by 85.7% to ₦209.25 billion, compared to ₦112.67 billion in Q1…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has announced a record revenue collection of ₦1.75 trillion for the first quarter of 2025, exceeding its quarterly benchmark by ₦106.5 billion and achieving 106.47 percent of its projection. This figure represents a 29.96 percent increase compared to the ₦1.35 trillion generated during the same period in…
By Ayomide Otitoju The average cost of preparing a pot of jollof rice in Nigeria has soared to N25,486 as of March 2025, marking a 19 percent increase from N21,300 recorded in September 2024, according to the latest SBM Jollof Index report titled “Staple Under Stress”. The index, compiled by SBM Intelligence, tracks the cost…
By Ayomide Otitoju United Bank for Africa Plc (UBA) has reported robust financial results for the first quarter of 2025, posting a profit after tax of ₦189.8 billion, marking a 33% increase from ₦142.6 billion recorded in the corresponding period of 2024. According to the bank’s Condensed Consolidated Statements of Comprehensive Income for the period…
