Skyway Aviation Handling Company Plc (SAHCO) has reported strong financial growth for the second quarter of 2025, with its profit after tax rising by 131 per cent. The company posted …
Business
- AviationBusinessCorporate EarningsEconomyFinancial InclusionNigeriaTransportation
- BusinessHospitalHospitality, Travel & TourismINVESTMENTNigeriaReal EstateTravel & Tourism
Lagos Airport Hotel Begins Full Redevelopment With Opening of Renovated Harold Block
The management of Lagos Airport Hotel in Ikeja, Lagos, has kicked off a major redevelopment of the historic facility with the official reopening of its newly renovated Harold Block. The …
- BusinessEnergyInfrastructureLabourTelecommunications
Telecom Sites in Nigeria Face Shutdown Risk as Diesel Blockade Disrupts Operations
Thousands of telecom towers across Nigeria may soon shut down due to a diesel supply crisis caused by a blockade at major fuel depots. The standoff, involving petroleum workers and …
- BusinessEconomyFinanceGovernment PolicyTaxationTrade and Commerce
Kenya Mulls VAT Refund Offsets as Ruto Courts Businesses
Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
- BusinessEconomyInfrastructureMaritimeTrade & Investment,
Aisha Maina Secures $40m Afreximbank Deal for Deep-Water Port Linking Africa and Caribbean
Nigerian businesswoman and entrepreneur, Mrs Aisha Maina, has secured a $40 million investment backed by the African Export-Import Bank (Afreximbank) to develop a deep-water port in Basseterre, St Kitts & …
- AgricultureBusinessCorporate EarningsEconomyManufacturingMarkets
Presco Plc Grows Profit to ₦88.72bn in H1 2025, Records 128% Surge
Presco Plc, one of Nigeria’s major palm oil producers, has reported a strong financial performance for the first half of 2025, posting a profit after tax of ₦88.72 billion. This …
- BusinessCorporate EarningsEconomyFinanceHealthcareInsurance
AXA Mansard Grows Half-Year 2025 Insurance Revenue by 24%, Hits ₦81.15bn
AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …
- BusinessCorporate EarningsEconomyManufacturingMarkets
Champion Breweries Bounces Back with N2.29bn Profit in First Half of 2025
Champion Breweries Plc has returned to profitability in the first half of 2025, posting a profit after tax of ₦2.29 billion. This marks a major turnaround from the ₦386.66 million …
- BusinessCorporate AffairsFinance & ServicesInsuranceNigeria
Lasaco Pledges Improved Services at South-West Customer Forum
Lasaco Assurance Plc has promised to keep improving its services and maintain its position as one of the leading insurance companies in the country. This assurance was given at the …
- BusinessGovernanceINVESTMENTRegulationTelecommunications
NCC Introduces New Governance Rules as Foreign Investment in Telecoms Falls by 58%
The Nigerian Communications Commission (NCC) has announced a new set of governance rules for telecom operators across the country, as the sector battles a sharp drop in foreign direct investment …