By Ayomide Otitoju Rite Foods Limited has joined millions of workers globally to commemorate International Workers’ Day 2026, reaffirming its commitment to employee welfare while recognising the resilience and contributions of its workforce. In a statement marking the occasion, the company aligned with this year’s theme, “Empowering Workers in a Changing World,” noting that its…
By Ayomide otitoju FirstBank of Nigeria Limited has confirmed the appointment of Olayinka Ijabiyi as its substantive Group Head, Marketing and Corporate Communications, with immediate effect.The bank said the appointment reinforces its corporate governance framework as it advances its growth and transformation strategy.Ijabiyi, a marketing and corporate communications professional with over 25 years of experience,…
By Ayomide Otitoju Seplat Energy PLC has reported a profit after tax of $37.9 million for the first quarter of 2026, up from $23.3 million recorded in the same period of 2025, as the company sustained revenue growth and strong cash generation.In its unaudited results for the period ended March 31, 2026, Seplat posted gross…
By Ayomide Otitoju Dangote Petroleum Refinery has increased the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) following a sharp surge in global crude oil prices. Brent crude rose from $105 per barrel on Monday to $118 on Wednesday and further climbed to about $125 per barrel at the time of…
By Ayomide Otitoju Dangote Cement Plc has reported a profit before tax of ₦421.1 billion for the first quarter of 2026, representing a 35 per cent increase from ₦311.9 billion recorded in the corresponding period of 2025. According to its unaudited financial statements filed on the Nigerian Exchange, revenue rose to ₦1.19 trillion from ₦994.6…
By Ayomide Otitoju MTN Nigeria reported a profit after tax of ₦355.5 billion in the first quarter of 2026, representing a 165.9 per cent year-on-year increase, driven by strong revenue growth and foreign exchange gains.In its unaudited financial results released on Wednesday, the telecom operator said it expects a potential 1.8 to 2.0 percentage point…
Brussels on Wednesday announced a temporary relaxation of state aid rules, allowing European Union member states to channel public funds into sectors severely affected by rising energy costs.The European Commission said the move will enable governments to support hard-hit industries such as agriculture, fisheries, and transport as energy and input costs continue to rise.EU Competition…
By Ayomide Otitoju The average cost of cooking gas in Nigeria rose significantly in March 2026, with a 5kg cylinder selling for ₦7,655.73 and a 12.5kg cylinder climbing to ₦19,652.83, according to the latest Liquefied Petroleum Gas (LPG) Price Watch released by the National Bureau of Statistics.The report shows that the price of refilling a…
By Ayomide Otitoju The NNPC Foundation Ltd./Gte. has conducted its second 2026 financial literacy training for Batch A, Stream 2 corps members of the National Youth Service Corps at the FCT orientation camp in Kubwa, Abuja.The programme, delivered in partnership with the NYSC Skills Acquisition and Entrepreneurship Development (SAED) scheme, focused on financial literacy, entrepreneurship,…
