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Transnational Corporation Plc has declared a total dividend of ₦20,323,995,148, representing ₦2.00 per share to its shareholders, at its 20th Annual General Meeting (AGM), held at the new state-of-the-art Transcorp Centre Abuja. The total dividend comprises an interim dividend payment of ₦4,064,799.030, representing 40 kobo per share, paid in August 2025, together with a final dividend of ₦16,259,196,118, equivalent to ₦1.60 per share. At ...
The African Development Bank (AfDB) Group has approved a 61 million dollars financing package to expand access to affordable credit for women-owned and women-led businesses in Nigeria. This is contained in a statement released by the bank on Friday in Abuja. The package, approved by the bank’s Board of Directors, will be channelled through the ...
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth. The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ...
The Nigerian Naira maintained a steady performance in the official Nigerian Foreign Exchange Market (NFEM) during the most recent trading session, closing at N1,361.00 to the US Dollar. Data released by the Central Bank of Nigeria (CBN) on May 5, 2026, indicates that the local currency experienced a slight appreciation from the previous day's closing ...
Access Holdings Plc has informed investors that it may skip the payment of an interim dividend for the first half of 2026 as the financial services group moves to address a significant regulatory breach concerning its foreign investments. The disclosure was made during an earnings call on May 5, 2026, where the group detailed the ...
At its 35th Annual General Meeting (AGM) held on May 5, 2026, Zenith Bank Plc reached a historic milestone, approving a total dividend of ₦10.00 per share for the 2025 financial year. This 100% increase from the previous year translates to a total payout of ₦410.69 billion, following a final dividend approval of ₦8.75 per ...
By Fredrick Ameh The World Trade Organization (WTO) and the ECOWAS Community Court of Justice have held engagements aimed at harmonizing legal mechanisms for resolving trade disputes. The engagements held at the WTO headquarters, focused on bridging the gap between regional judicial systems and global trade rules while advocating for a progressive overhaul of the ...
At the 35th Annual General Meeting (AGM) of Zenith Bank Plc, which took place on Tuesday, May 5, 2026, at the Civic Centre, Victoria Island, Lagos, shareholders approved the proposed final dividend payment of ₦8.75 per share, bringing the total dividend for the 2025 financial year to ₦10.00 per share, with a total value of ...
By Damilare Adeleye Shareholders of MTN Nigeria Communications Plc have approved a final dividend of ₦314.93 billion for the 2025 financial year, alongside a proposed structural separation of the business. The decisions were reached at the company’s Annual General Meeting (AGM) held virtually on April 30, 2026, where members endorsed a payout of ₦15 per ...
The Nigerian National Petroleum Company (NNPC) Limited has posted a revenue of ₦2.774 trillion and a profit after tax of ₦276 billion for March 2026, even as pipeline disruptions and infrastructure constraints continued to impact overall production. According to the company’s latest monthly report, crude oil and condensate production rose slightly to 1.56 million barrels ...
By Damilare Adeleye Guaranty Trust Holding Company Plc (GTCO) has approved a final dividend payout of N429.83 billion for the 2025 financial year, alongside key board appointments. The approval was granted during its 5th Annual General Meeting (AGM) held virtually on April 28, 2026. At the meeting, shareholders endorsed a final dividend of N11.76 per ...
The Centre for the Promotion of Private Enterprise (CPPE) has called for a shift in from increasing nominal wages to reviewing the welfare framework for workers. In a policy brief released on April 30, 2026, the Director General of the CPPE, Dr. Muda Yusuf, argued that the persistent inflationary environment in Nigeria frequently erodes the ...
FirstBank has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. According to a statement from the Bank on Thursday, the appointment takes immediate effect and reinforces strong corporate governance at a pivotal point in the Bank’s growth and transformation journey. Olayinka Thomas Ijabiyi is a seasoned marketing and ...
Founder and Director of the Patrick Speech and Languages Centre, Mrs. Dotun Akande has called for a overhaul of Nigeria’s educational system, arguing that the current academic model fails to accommodate the unique needs of autistic children. Speaking as the keynote speaker at The Alternative Bank’s Maiden Autism Stakeholders Roundtable and Policy Dialogue, Akande emphasized ...
President Bola Ahmed Tinubu has reassigned Ms Olu Verheijen as the Special Adviser on Oil and Gas in a strategic move to restructure the energy sector. This is as the President also appointed Mr. Rilwan Lanre Babalola, a former Minister of Power, as the Special Adviser to the President on Power. To ensure clarity of ...
OPay, a leading fintech company in Nigeria, recently signed Memoranda of Understanding (MoUs) with four additional tertiary institutions in the country: Benue State Polytechnic, Ugbokolo, Benue State; Kogi State Polytechnic, Lokoja, Kogi State; Montgomery Polytechnic, Ikere Ekiti, Ekiti State; and Alex Ekwueme Federal University, Ndufu Alike Ikwo, Ebonyi State. This expansion is in line with ...
By Omobolaji Adekunle The Ogun State Agricultural and Multipurpose Credit Agency (OSAMCA) has disbursed loan facilities to 103 micro, small, and medium enterprises (MSMEs) in a move aimed at strengthening small businesses and supporting economic growth across the state. Speaking at the cheque presentation ceremony held in Oke-Mosan, Abeokuta, Permanent Secretary, Ministry of Industry, Trade ...
...as Union Bank, Polaris, Keystone Banks set sight on completing process President Bola Ahmed Tinubu has praised Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN), stating that his policies are helping rebuild the nation's economy for long-term growth. Speaking after the March 31, 2026, deadline for bank recapitalization, Tinubu described Cardoso ...
The Minister of Solid Minerals Development and Chairman of the Africa Minerals Strategy Group (AMSG), Dr Oladele Alake, has called for stronger regional cooperation among African nations to position the continent as a formidable force in global mineral supply chains. Speaking at the Kenya Mining Investment Conference and Exhibition 2026, Dr. Alake said Africa stands ...
The Nigerian capital market staged a robust recovery during the latest trading session, with the total market capitalization advancing by ₦3.2 trillion. The benchmark All-Share Index (ASI) surged by 2.24%, pushing the year-to-date return to an impressive 46.90% and signaling continued investor confidence in the nation's industrial and energy sectors. Trading metrics revealed a significant ...
Brent crude prices have climbed to 2.4% this week, trading above $111 per barrel. The 2.4% price spike in Brent crude is heavily influenced by the worsening security situation in the Middle East. According to available reports, the US-Iran negotiations have reached a stalemate, with Washington reportedly rejecting a proposal from Tehran to end the ...
Lagos state Governor, Mr. Babajide Sanwo-Olu, has been officially inducted as the Associate Member of the Chartered Institute of Stockbrokers (CIS). The Governor was inducted during an induction ceremony held at the Lagos House, Marina on Tuesday. The event was attended by members of the Chartered Institute of Stockbrokers and the Lagos State Executive Council, ...
A policy group, the Independent Media and Policy Initiative (IMPI) has said that the reform policies of the Tinubu administration are reclaiming economic growth. In a policy brief by its Chairman, Dr Omoniyi Akinsiju, the think tank argued that this shows that companies involved in the productive sector have adjusted to the new policy environment ...
