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1 week ago Business

Friday Sermon: The Day of Arafah; the most blessed day of the year!, By Murtadha Gusau

In the Name of Allah, the Most Gracious, the Most Merciful All praise is due to Allah, Who gives preference for certain days and months as He wishes, blessing them with virtues as He wills. This is one of the manifestations of His mercy, to be a reminder for those who contemplate. I bear witness th…

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1 week ago Business

Mutual Benefits Assurance’s annual profit jumps 45% amid boost in insurance revenue

Mutual Benefits Assurance reported on Friday a 45 per cent increase in net profit for the 2025 financial year, receiving a major boost from its insurance business. Shares in the insurer had gone up by 9.5 per cent on Lagos’ Customs Street as of 10:32 West Africa Time, following the news. Insurance …

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1 week ago Business

Airtel Africa launches new share buyback programme

Wireless operator Airtel Africa kicked off a share repurchase programme on Friday, aiming to buy back up to 1 per cent of its issued share capital as part of plans to return cash to shareholders. The move is a major component of the telco’s capital allocation policy, the company, which operates in …

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1 month ago Business

Infinix NOTE 60 Ultra signals a new era for Premium smartphones in Nigeria

Infinix has officially launched the NOTE 60 Ultra in Nigeria, reinforcing its strategic push into the premium smartphone segment through a series of high-impact partnerships spanning design, technology, and retail. The launch event brought together key stakeholders, industry leaders, media, and con…

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1 month, 2 weeks ago Business

Female-led beauty businesses secure N6 million funding at Lagos pitch event

Three female-led beauty startups have secured a combined N6 million in equity-free funding following a competitive pitch event held in Lagos, as stakeholders intensify efforts to bridge the financing gap confronting women entrepreneurs in Nigeria’s fast-growing beauty industry. The funding, provide…

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2 months ago Business

Eight teams set for Italian Embassy U-20 Cup as organisers target young talents

Eight teams will compete in the maiden Italian Embassy U-20 Cup scheduled to hold in May, as organisers unveil plans for a grassroots-focused tournament aimed at nurturing young football talents in Nigeria. The competition, an initiative driven by Rudder Sports Management Limited, will also feature…

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2 months, 3 weeks ago Business

Chief Judge of Federal High Court, Tsoho, reacts to CCB invitation

The Chief Judge of Federal High Court (FHC), Justice John Tsoho, says he is ready to appear before the Code of Conduct Bureau (CCB) for investigation over alleged failure to declare some bank accounts in his asset declaration form. Mr Tsoho, in a statement by the court’s Director of Information, Ca…

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3 months ago Business

Cement price hikes lift Dangote Cement’s annual profit twofold to N1 trillion

Dangote Cement posted a twofold leap in net profit for 2025, compared to the preceding year, despite a decline in its trade volume as the industrial powerhouse capitalised on hikes in the price of cement during the year to lift revenue. The earnings report of the manufacturing giant out on Saturday…

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3 months ago Business

Lafarge Africa’s annual profit soars to all-time peak on volume growth

Cement maker Lafarge Africa reported a surge of 172.7 per cent in net profit on Thursday, which took its earnings to the highest on record, as volume growth lifted top line. The company, whose products also comprise aggregate and concrete, said improvement in bottom line derived in part from factor…

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