Category: Business

Crude supply to local refineries hits 58.8m barrels

Oil producers in Nigeria supplied approximately 58.8 million barrels of crude oil to domestic refineries...

17 Americans, others evacuated from cruise ship after Hantavirus outbreak

Seventeen Americans are among 150 passengers being evacuated from the M/V Hondius cruise ship following...

Lagos grants 14 licences to boost power supply

The Lagos State Government has granted 14 electricity licences and permits spanning off-grid and embedded...

AfDB approves $61m facility to support women-led MSMEs in Nigeria

The African Development Bank Group has approved a $61 million financing package for the Development...

Toyota warns of £3bn loss as Iran war pushes up costs

Toyota has disclosed a £3bn blow linked to the war in Iran, as rising parts...

Dangote Cement plans 10% share sale in London listing

Africa’s richest man, Aliko Dangote, is planning to list Dangote Cement Plc on the London...

C&I Leasing posts ₦532.84m pre-tax profit in Q1 2026

C&I Leasing Plc reported a pretax profit of N532.84 million in its Q1 2026 unaudited...

Eterna Q1 profit doubles as revenue hits ₦70.5bn

Eterna Plc has recorded a stronger Q1 2026 performance, with pretax profit rising to N1.6...

MTN shareholders approve ₦167.9m remuneration for chairman Ndukwe

Shareholders of MTN Nigeria have approved a new remuneration package for the company’s non-executive directors,...

Neimeth pharmaceuticals shareholders approve ₦1.99bn capital restructuring scheme transfer

Shareholders of Neimeth International Pharmaceuticals Plc have approved a major capital restructuring scheme that will...

Mozambique diesel prices jump 46% amid Middle East tension

Mozambique, one of the world’s poorest countries, has increased diesel prices by 46 per cent...

NITDA raises alarm over AI malware DeepLoad

The National Information Technology Development Agency has issued a warning over a new AI-driven malware...