By Ayomide Otitoju MTN Nigeria Communications Plc has announced an investment of more than ₦620 billion in digital infrastructure during the first half of 2026, as the telecommunications company continues to expand network capacity, improve coverage and accelerate broadband connectivity across the country. The announcement accompanied the release of the company’s H1 2026 financial results,…
By Ayomide Otitoju MTN Nigeria Communications Plc recorded a 70.6 per cent increase in profit after tax to ₦707.54 billion for the six months ended 30 June 2026, driven by strong revenue growth, improved operational performance and continued investment in sustainability initiatives. The telecommunications giant disclosed in its condensed consolidated financial statements that revenue rose…
By Ayomide Otitoju British energy giant Shell has reported a sharp rise in second-quarter earnings, with net profit tripling to $10.8 billion as higher oil prices driven by conflict in the Middle East boosted revenue. In its earnings statement released on Thursday, the company said profit after tax for the April–June 2026 period increased from…
By Ayomide Otitoju Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of ₦535 billion in June 2026, representing a 15.8 per cent increase from the ₦462 billion reported in May. The figures were contained in the company’s June 2026 Monthly Financial and Operations Report, which also showed total revenue of ₦4.389 trillion…
By Ayomide Otitoju Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has further increased his investment in the financial services group after a related company acquired 1.77 billion ordinary shares valued at ₦222.21 billion in a single transaction on the Nigerian Exchange (NGX). According to a share dealing notification dated July 30, 2026,…
By Ayomide Otitoju The Federal Government has described the Dangote Petroleum Refinery and Petrochemicals complex as a major pillar in Nigeria’s ambition to achieve a $1 trillion economy, pledging stronger collaboration with private investors to boost industrialisation, job creation and economic growth. Minister of State for Industry, Senator John Owan Enoh, stated this on Thursday…
By Ayomide Otitoju Zenith Bank Plc has strengthened its position as one of Africa’s leading financial institutions after posting a strong first-quarter 2026 performance, expanding its operations across the continent and earning top international recognition. The lender recently secured the prestigious Africa’s Best Bank and Nigeria’s Best Bank titles at the 2026 Euromoney Awards for…
By Ayomide Otitoju JMG Limited has commissioned an advanced hybrid solar power system at its Victoria Island branch in Lagos, marking another step in the company’s drive to provide reliable, sustainable and cost-effective energy solutions for businesses in Nigeria. The newly installed system integrates 66kWp of high-efficiency solar photovoltaic (PV) capacity, 80kW of hybrid inverter…
By Ayomide Otitoju MTN Nigeria, in partnership with the Worldwide Fund for Nature (WWF) through the Nigerian Conservation Foundation (NCF), the United Nations Development Programme (UNDP) Nigeria and Deloitte Nigeria, has launched the third edition of the Nigeria PachiPanda Challenge to promote innovative solutions to environmental challenges. The initiative, which forms part of MTN’s annual…
