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Business
Jaiz Bank Plc has announced plans to pay a final dividend of 11 kobo per 50 kobo ordinary share to its shareholders for the financial year ended December 31, 2025. This was disclosed in a corporate actions announcement dated May 21, 2026. The non-interest lender said the dividend, subject to shareholder approval and appropriate withholding ...
Business
The shareholders of Nigerian brewing company, Champion Breweries Plc, have approved a dividend payout of 70 kobo per share for the 2025 financial year. This was part of the resolutions passed at the company’s 50th Annual General Meeting held in Lagos on Thursday, May 21, 2026. The company, in the resolutions presented at the meeting ...
Business
Shareholders of Berger Paints Nigeria Plc have approved a final dividend of N1.25 per share for the 2025 financial year and renewed the company’s mandate for recurring related-party transactions. These decisions were passed during the company’s 66th Annual General Meeting, which was held virtually on Thursday, May 21, 2026. A corporate filing issued by the ...
News
Eterna Plc, has announced the retirement of Mrs. Phoebean Ifeadi as Executive Director, Corporate Services, with effect from May 13, 2026. The company made this known in a corporate notice issued on May 21, 2026, and signed by the Company Secretary and Legal Adviser, David Edet. According to the statement, Ifeadi joined the board as ...
Business
Shareholders of Wema Bank Plc have authorized the Bank’s directors to pursue the acquisition of a commercial bank or other business combinations as part of its expansion strategy. This came as they approved a dividend payout of N1.25 per share for the 2025 financial year. These decisions were part of the resolutions passed during the ...
Capital Market
Shareholders of BUA Cement Plc have approved a final dividend payout of ₦338.64 billion for the 2025 financial year, as the company projected that cement prices would moderate once production, energy, and logistics costs begin to ease. The approved dividend of ₦10 per ordinary share will be paid to shareholders whose names appeared on the ...
Money market
Following the retainment of Monetary Policy Rate (MPR) at 26.5%, the naira has shown a marginal appreciation against the United States dollar at the Nigerian Foreign Exchange Market (NFEM), closing at N1,372.3079/$ on Thursday, May 21, 2026. Data from the Central Bank of Nigeria’s exchange rate dashboard showed that the local currency strengthened slightly from ...
Capital Market
The Chairman of First HoldCo, Femi Otedola, has hinted at plans to invest $100 million in the Dangote Refinery. He disclosed this on Wednesday after leading top executives of First HoldCo on a tour of the Lagos-based refinery. Otedola’s planned investment is part of a $2 billion private placement the Dangote Refinery is targeting from ...
Capital Market
Honeywell Flour Mills Plc has announced that its Board of Directors will meet on Friday, May 29, 2026, to consider the company’s audited financial statements for the year ended March 31, 2026. The company made this known in a notice dated May 20, 2026, and signed by the Company Secretary, Osomomen Olukoya. According to the ...
News
The Centre for the Promotion of Private Enterprise (CPPE) has described the decision by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to retain key monetary policy parameters as “pragmatic” and reflective of a deeper understanding of Nigeria’s inflation challenges. A statement issued on Tuesday by the Chief Executive Officer of ...
News
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria ( CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent. The decision was reached at the conclusion of the committee’s 305th meeting held on May 19 and 20, with all 11 members in attendance. Speaking after the two-day meeting, Governor of ...
Politics
A Chieftain of the African Democratic Congress (ADC), Dele Momodu, has dismissed the presidential prospects of former Minister of Transportation, Rotimi Amaechi, declaring that he lacks the political strength to unseat President Bola Ahmed Tinubu in the 2027 general election. Speaking on Tuesday during an appearance on Politics Today, Momodu said Amaechi was not politically ...
News
Nigerian Aviation Handling Company Plc (NAHCO) has declared a dividend of N12.18 billion for the financial year ended December 31, 2025, alongside a one-for-seven bonus share issue. This was part of the resolutions passed at the company’s 45th Annual General Meeting held on May 15, 2026. According to a statement signed by the Chairman, Seinde ...
News
Zichis Agro-Allied Industries Plc has allayed market fears and speculations surrounding a recent insider share transaction involving its Managing Director and Chief Executive Officer. In a statement on Monday, the Company Secretary, Chief Barrister Solomon Itsede, clarified that the transaction was conducted in full compliance with regulatory provisions guiding insider dealings. He urged the investing ...
News
The Oyo State Police Command has confirmed that seven secondary school students, 18 primary school pupils, and seven teachers are still missing following coordinated attacks on schools in Oriire Local Government Area of the state. The command’s Public Relations Officer, Oluyinka Ayanlade, disclosed the figures on Tuesday while speaking on Channels Television’s Morning Brief programme. ...
Events
Nestlé Nigeria Plc has announced plans to hold a board meeting and its 57th Annual General Meeting (AGM) on May 25, 2026. In a notice dated May 18, the Company Secretary and Legal Adviser, Bode Ayeku, disclosed that the meeting would take place in Ikeja, Lagos State capital. The food and beverage company stated that ...
Oil & Gas
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to impose sanctions on operators in the oil and gas sector who engage in midstream and downstream petroleum activities without appropriate licences under the Petroleum Industry Act (PIA) 2021. This warning was contained in a circular dated May 12, 2026, and signed by the ...
Business
Sterling Financial Holdings Company Plc has announced plans to seek shareholders’ approval for a major share capital restructuring and a fresh capital raise of up to $400 million at its 3rd Annual General Meeting, scheduled for June 9, 2026. A notice of the AGM signed by the Company Secretary, Sunny Kanabe, disclosed that the meeting ...
Health
The Lagos State Consumer Protection Agency (LASCOPA) has warned residents against consuming spoiled or fungus-infested tomatoes, popularly known as “Ata Esha" stating that they pose serious health risks.In a statement released on Sunday, the General Manager of the agency, Afolabi Solebo, urged consumers to avoid purchasing or consuming tomatoes showing visible white, green, or black ...
Politics
Leaders of the All Progressives Congress (APC) in the Ifako-Ijaiye Local Government Area of Lagos State have endorsed Senator Idiat Oluranti Adebule ahead of the 2027 general elections. The endorsement was made during the primary election for the Lagos West Senatorial District, which was held at the Ifako-Ijaiye Local Government Secretariat. Party faithful from various ...
