Stanbic IBTC Bank has been awarded the 2025 Bank of the Year Customer Service Award at the prestigious Industry Summit/Awards 6.0, which took place in Lagos. This recognition comes after …
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BusinessBusiness InsightsEconomyInnovationNigeriaPress ReleasesStanbic IBTC
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BusinessEconomyEnvironmentINVESTMENTMobile Telecommunications Network (MTN)NigeriaTelecommunications
MTN Nigeria Invests N3.5bn in 2024 for Social and Environmental Impact, Total CSI Spend Hits N31.9bn
MTN Nigeria Communications Plc has announced that it invested N3.5 billion in Corporate Social Investment (CSI) initiatives in 2024, raising its total social impact spending to N31.9 billion since inception. …
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BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsMarketsNigeriaWestern Africa
Manufacturers Count N1.91bn FX Loss in Q1 2025 Amid Currency Volatility
Nigeria’s manufacturing sector continues to feel the pinch of unstable foreign exchange rates, as top firms recorded a combined N1.91 billion forex loss in the first quarter of 2025. This …
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Dangote IndustriesEconomyManufacturingNigeriaTrade and Commerce
Dangote Packaging Targets African Markets After Boosting Production Capacity
Dangote Packaging Limited (DPL), a subsidiary of the Dangote Group, has revealed plans to enter export markets across Africa after ramping up its monthly production capacity of polypropylene bags from …
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AfricaAgricultureBusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyGOVERNMENTINVESTMENTManufacturingPoliciesTrade and Commerce
NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
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AfricaDangote IndustriesEnergyFinance & ServicesInfrastructureSpotlightTrade and Commerce
Afreximbank Launches $3bn Credit Line to Support Fuel Imports Across Africa, Caribbean
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …
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EconomyInfrastructureINVESTMENTMobile Telecommunications Network (MTN)NigeriaTechnologyTelecommunications
Telcos Invest Over $1bn in Chinese Equipment to Boost Service Quality
Telecommunications operators in Nigeria have placed orders worth over $1 billion for new network infrastructure from original equipment manufacturers in China, as part of efforts to overhaul and improve the …
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Banking, Finance & InvestmentEconomyINVESTMENTNigeriaSpotlightZenith Bank
Zenith Bank Shareholders Approve N195.67bn Final Dividend Amid Strong 2024 Performance
Shareholders of Zenith Bank Plc have approved a final dividend payout of N4.00 per share, bringing the total dividend for the 2024 financial year to N5.00 per share. This amounts …
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BusinessDangote IndustriesFinance & ServicesNigeria
Dangote Cement Posts N209.2bn Profit in Q1 2025, Reflecting Strong Growth Despite Macroeconomic Challenges
Dangote Cement Plc has posted a remarkable profit after tax of N209.2bn for the first quarter ended 31 March 2025, marking an 85.7 per cent increase from the N112.7bn recorded …
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Stanbic IBTC Holdings Plc has posted a profit after tax of N82.06 billion for the first quarter of 2025, marking an 80% growth from N45.64 billion recorded in the same …