Business

The Director-General of the Securities and Exchange Commission (SEC Nigeria), Dr. Emomotimi Agama, has said that West Africa, with its vibrant and youthful population, has become a global hotspot for virtual asset adoption.

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L – R shows, Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Member of German Federal Parliament, Mr. Armand Zorn; Group Managing Director/CEO, Nigerian Exchange Group (NGX Group), Mr. Temi Popoola and German Consul General to Lagos, Mr. Weert Börner, during a courtesy visit to NGX Group yesterday in Lagos.

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The Abdul Samad Rabiu Africa Initiative (ASR Africa) has donated a fully-completed Administrative Block worth N250 million to Al-Qalam University’s College of Allied Health Sciences, in Katsina under its Tertiary Education Grant Scheme (TEGs).

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The Institute of Chartered Accountants of Nigeria (ICAN), Fidelity Bank Chapter, has inaugurated Mr. Audifax Onuoha as its new Chairman, at the Chapter’s 4th Investiture and Patron Conferment Ceremony, held at Fidelity Bank’s Head Office, Fidelity Place, Lagos. The investiture also witnessed the formal inauguration of the 2025–2027 Executive

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C&I Leasing Plc (CILEASING) has released its unaudited Q2-25 results, reporting a 33.8% year-on-year increase in profit after tax (PAT) to NGN648.78 million. 

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MTN Nigeria Communications Plc has released its unaudited Q2-25 results, reporting a strong recovery in earnings per share (EPS) to NGN13.41, driven by a 68.1% year-on-year increase in revenue and a 21.80 percentage point expansion in EBITDA margin to 53.7%.

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Leading offshore drilling contractor, with headquarters in Dubai, UAE, Shelf Drilling, has announced a two-year extension of its contract in West Africa, in collaboration with Conoil Producing Nigeria Limited. 

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Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has reported a 157% year-on-year surge in profit-after-tax (PAT) in its unaudited results for the half-year ended June 30, 2025, demonstrating continued momentum in revenue growth, operational efficiency, and capital position.

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The Chairman of the Action Committee on Power (electricity) to host communities of the Kolo Creek oil field in the Ogbia Local Government Area of Bayelsa State, Mr Precious Okala has taken a swipe on Renaissance Africa Energy Nigeria Ltd.

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Management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third quarter of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports.

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