Browsing Category
News
Meta Unveils Open-Weight AI Model As Zuckerberg Pushes For Looser Rules
Meta has released a new open-weight artificial intelligence model, with founder and CEO Mark Zuckerberg using the launch to call on US policymakers to ease restrictions on open-source AI so American firms can better compete with…
NGX REPORT: Dangote Cement, BUA Foods, MTN, Others, Earn N179.5bn In H1 2026
Dangote Cement, BUA Foods and other Nigerian, listed companies earned a combined N179.5 billion in finance income in the first half of 2026, a 174 per cent jump from N65.6 billion recorded in the same period last year, as firms…
Mabel Adeteye Launches MAA Insight Room to Drive Conversations on Business, Leadership
Business, brand and executive communications strategist, Mabel Adeteye, has launched MAA Insight Room, a thought leadership platform designed to deepen conversations around business, branding, leadership and executive communications.
…
43 Insurers Meet NAICOM’s New Capital Requirement, Eight Await Regulatory Clearance
Nigeria's insurance industry has reached a major milestone in its recapitalisation programme, with 43 insurance and reinsurance companies successfully meeting the new minimum capital requirements set by the National Insurance…
Nigeria’s Mobile Subscription Nears 190Million As Data Consumption Surges
A recent report shows that Nigerians are getting more connected than ever, with active mobile lines climbing toward the 190-million mark, even as network operators battle higher costs. According to figures from the Nigerian…
H1 Report: BUA Foods Rakes In N292B Profit
BUA Foods Plc has closed the first half of 2026 with a profit after tax of N292.27 billion, a 12 per cent jump from the N260.1 billion it made in the same period last year, even though the company's sales slowed.
According…
FirstHoldCo Breaks Record, Crosses N6Trillion Recapitalisation Threshhold
FirstHoldCo Plc has become the first Nigerian banking group to cross the N6 trillion market capitalisation mark, a milestone reached during trading on Monday, August 3, 2026, and one that cements its place as the country's most…
Microsoft Stocks Add Remarkable One-Day Gain Of Nearly $450B, Setting New Wall Street Record
Microsoft added nearly $450 billion in market value in a single trading session on Thursday, marking the largest one-day gain by any company in stock market history, according to data disclosed by Reuters.
Shares of the Redmond,…
Airtel Money Plans London Listing As African Central Banks Hold Rates
Airtel Africa has selected London as the preferred listing venue for its mobile money business, Airtel Money, later in 2026, as central banks in Nigeria, Ghana, and South Africa have all decided to hold their benchmark interest…
Abia, ABSAA Impose N200m Billboard Permit Fee For Presidential Candidates As Industry Stakeholders,…
Ahead of the 2027 general elections, the Abia State Government, through the Abia State Structures for Signages and Advertising Agency (ABSSAA), has imposed a N200 million political campaign advertising permit fee for every…