By Ayomide Otitoju MTN Nigeria Communications Plc has reaffirmed its commitment to sustainability and responsible business practices with the release of its 2024 Sustainability Report. The report, now in its sixth consecutive year, highlights the company’s ongoing efforts to integrate Environmental, Social and Governance (ESG) principles into its operations while driving shared value creation. According…
By Ayomide Otitoju The Nigerian Civil Aviation Authority (NCAA) has issued a formal sanction notice to Kenya Airways over multiple consumer protection infractions involving one Gloria Omisore and two other passengers. In a statement signed by the Director of Public Affairs and Consumer Protection, Michael Achimugu, the NCAA said the airline was found liable for…
By Ayomide Otitoju Airtel Africa has reported a strong financial recovery for the full year ending March 31, 2025, posting a pre-tax profit of $661 million, a sharp rebound from the $63 million loss recorded in the 2024 fiscal year. The telecoms and mobile money operator also reported a profit after tax of $328 million,…
By Ayomide Otitoju MTN Nigeria Communications Plc has announced a ₦3.5 billion investment in Corporate Social Investment (CSI) initiatives for the 2024 fiscal year, bringing its total CSI spending since inception to ₦31.9 billion. The company disclosed the development during the presentation of its 2024 Sustainability Report at the Nigerian Exchange Limited (NGX) in Lagos…
By Ayomide Otitoju President and Chief Executive Officer of Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, at the NNPC Towers in Abuja. The strategic meeting marked the first official engagement between…
By Ayomide Otitoju Fidelity Bank Plc has posted a remarkable financial performance for the first quarter of 2025, reporting a Profit Before Tax (PBT) of N105.8 billion, a significant 167.8% increase from N39.5 billion in Q1 2024. The bank’s unaudited financial results, released on the Nigerian Exchange (NGX) on April 30, 2025, also revealed a…
By Ayomide Otitoju Emirates Group has announced a historic performance in its 2024–25 annual report, achieving record-breaking figures across profit, revenue, EBITDA, and cash reserves, solidifying its status as the most profitable aviation group globally. For the financial year ending March 31, 2025, the Group posted a record profit before tax of $6.2 billion—an 18%…
By Ayomide Otitoju Ecobank Transnational Incorporated (ETI) posted a 17% year-on-year increase in profit after tax to $122.5 million for Q1 2025, but financial analysts warn that rising liabilities and low share liquidity could pose future challenges. Revenue grew 4% to $516.3 million, but the bank’s liabilities rose significantly to $26.9 billion, up from $26.1…
By Ayomide Otitoju Sterling Financial Holdings has notified shareholders and the Nigerian Exchange Group (NGX) of a delay in the release of its audited financial statements for the fiscal year ended December 31, 2024, as well as its unaudited results for the first quarter of 2025. The disclosure, signed by Company Secretary Mr. Olayinka Oni,…
