By Taiye Olayemi The stock market on Thursday closed on a negative note as investors lost N1.92 trillion, following sell-offs in banking and cement stocks. This is amid reactions to new regulatory guidelines by the Central Bank of Nigeria (CBN) on foreign subsidiaries of banks. Market capitalisation dropped from N155.780Continue Reading
By Rukayat Moisemhe Hemingway’s Safaris Africa and Lagos Chamber of Commerce and Industry (LCCI) have hosted a five-day robotics bootcamp to equip young Africans with Artificial Intelligence (AI) and robotics skills. This, they said, would solve real-world challenges in alignment with the United Nations Sustainable Development Goals. The Head, MemberContinue Reading
By Rukayat Moisheme Guinness Nigeria Plc says the country has emerged as the third-largest market for the Guinness brand globally, behind Ireland and the United Kingdom. The Finance and Strategy Director of the company, Mr Mayank Kabra, disclosed this during a media parley on Wednesday in Lagos. Kabra said theContinue Reading
By Taiye Olayemi The equities market rebounded, reversing the previous session’s loss with a gain of N628 billion. The gain was driven by renewed investors’ interest in blue-chip and medium-cap stocks. Key gainers included Airtel Africa, Chemical and Allied Products Plc (CAP), Zichis Agro Allied Industries, RT Briscoe Plc andContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC) and NAFDAC have signed a Memorandum of Understanding (MoU) to ensure faster consumer complaints resolution and stronger enforcement in the marketplace. Signing the MoU in Abuja, the Executive Vice-Chairman of FCCPC, Mr Tunji Bello, said the MoU would addressContinue Reading
Meitu Reports Record 17.9M+ Global Paying Subscribers in Q1 2026, Up 30.2% YoY Hong Kong – On May 5, 2026, Meitu Inc. (1357.HK) announced its business performance for the first quarter of 2026：As of March 2026, Meitu’s global paying subscribers exceeded 17.90 million, representing a year-on-year (“YoY”) growth rateContinue Reading
By Martha Agas A trade expert, Mr Okey Ibeke, has linked the boost in commercial activities in the South-East region to reforms in the Nigeria Customs Service (NCS) driven by Comptroller-General (C-G) Bashir Adeniyi. Ibeke told newsmen on Monday in Abuja, that with the activation of the Onitsha River PortContinue Reading
By Taiye Olayemi Universal Insurance Plc has reaffirmed its readiness for the 2026 recapitalisation exercise. The company assured brokers of its financial strength and commitment to improved service delivery. Managing Director, Mr Japhet Duru, gave the assurance in Lagos while at the 2026 Members’ Evening organised by the NigerianContinue Reading
By Taiye Olayemi Sycamore Integrated Solutions Ltd. has closed its Series 1 Commercial Paper issuance at N6.89 billion, surpassing its N3 billion target by 230 per cent. The Chief Executive Officer, Mr Babatunde Akin-Moses, disclosed this during the programme signing ceremony on Tuesday in Lagos. Akin-Moses saidContinue Reading
By Olusegun Aribike and Rukayat Moisemhe The Manufacturers Association of Nigeria (MAN) has urged Lagos State to simplify its tax structure to support industrial growth and attract fresh investment. Chairman of MAN, Apapa Branch, Mr Raphael Danilola, made the appeal on Tuesday in Lagos. He spoke at the branch’s AnnualContinue Reading
