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
By Rukayat Moisemhe The Lagos Building Investment Company (LBIC) Plc has reported a 43 per cent increase in profit before tax to N1.655 billion for the 2025 financial year. The Chairman of the Board, Mr Hakeem Ogunniran, said this at the company’s 21st Annual General Meeting (AGM) on Tuesday inContinue Reading
By Ibukun Emiola Stakeholders in Nigeria’s power sector have called for accelerated delivery of the Ikere Gorge Hydropower Project, describing it as critical to improving electricity supply and driving economic growth. They made the call in Ibadan during a UK PACT stakeholder engagement workshop on the imperatives for fast-tracking theContinue Reading
By Vivian Emoni Abuja, May 5, 2026 (NAN) The Ministry of Industry, Trade and Investment, has reaffirmed its commitment to collaborate with the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and other relevant stakeholders to enhance Nigeria’s investment climate. The Minister, Dr Jumoke Oduwole, made the commitment during a courtesyContinue Reading
By Isaiah Eka Dr Paul Adalikwu, the Secretary-General, Maritime Organisation of West and Central Africa (MOWCA), says regional collaboration will help to unlock great opportunities in the maritime sector. Adalikwu made the call in Oron, Akwa Ibom during a regional exchange visit to the Maritime Academy of Nigeria (MAN). TheContinue Reading
By Martha Agas The Sea and Empowerment Research Centre (SEREC) has called for a sustained professional governance structure in the Nigeria Customs Service (NCS) to forestall institutional regression. SEREC made the call in its executive brief issued to newsmen by its Head of Research, Dr Eugene Nweke, on Monday inContinue Reading
