Microsoft is making waves in the tech world with its forecasted capital spending of $30 billion for Q3 2025—a historic quarterly investment driven by booming demand for AI and cloud infrastructure. This move surpasses analyst projections and signals the company’s determination to outpace competitors in the rapidly evolving AI landscape. The investment aligns with broader […]
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The Coca-Cola Company has finalized an agreement to divest its Nigerian subsidiary CHI Limited, the maker of popular brands Chivita and Hollandia, to UAC of Nigeria PLC. This strategic transaction is pending regulatory approval and will see UAC assume control of one of Nigeria’s largest juice and dairy producers. CHI Limited has built a strong […]
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Access Bank has been named Best Bank 2025 in Ghana and The Gambia by Euromoney—affirming its leadership in West Africa and commitment to financial inclusion, innovation, and sustainability. The recognition highlights Access Bank Group’s strategy of blending local excellence with global standards, positioning its subsidiaries as major players in Africa’s banking sector. “We’re proud to […]
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To the sound of Afrobeats in an open-air pub at its headquarters in Lagos, Nigeria’s Bature Brewery is working to wean more customers off the big brands and onto its locally inspired craft beers. Globally, the craft beer market is forecast to triple to more than $250 billion by 2033, according to research by Business […]
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Digitvant Microfinance Bank is rewriting the narrative of grassroots financing in Nigeria, having successfully supported more than 505,000 small scale entrepreneurs through it’s flagship loan product, Market Monie. During a recent event in Lagos, the bank’s leadership emphasized its mission to democratize access to finance and uplift underserved business owners across the country. Kayode Oluwagboye, […]
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Agribusiness giant, Olam Agri, has announced a significant expansion of its wheat milling and pasta operations in Nigeria, growing from just two plants at the time of acquiring Crown Flour Mill in 2010 to nine fully operational plants today. The milestone was celebrated at an event commemorating the 15th anniversary of the acquisition, highlighting the […]
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BUA Cement Plc has announced impressive financial results for the half-year period ended June 30, 2025, marked by a strong surge in earnings and revenue growth. The cement giant reported a 59 per cent increase in group revenue, reaching N580.3bn compared to N363.9bn in the same period last year. Profit after tax soared by a […]
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Speaking at the African Natural Resources and Energy Investment Summit (AFNIS) held in Abuja, the President and CEO of Regional Maritime Development Bank, Mr. Adeniran Aderogba, called for a renewed commitment to leveraging local financial instruments to drive progress in key sectors such as infrastructure, energy, maritime logistics, and industrialization. The high-level summit brought together […]
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Transcorp Power Plc has reported a half-year profit of N77.6 billion for the period ending June 30, 2025, alongside the declaration of an interim dividend of N11.25 billion, underscoring the company’s solid operational footing and unwavering focus on shareholder returns. The power-generating firm, a subsidiary of Transnational Corporation Plc, made the disclosure in its unaudited […]
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In a strategic effort to tackle financial illiteracy and restore confidence in Nigeria’s capital market, First Asset Management, a subsidiary of First HoldCo Plc, has launched the “100 Million Smart Investors” campaign.The initiative is designed to bridge the knowledge gap that continues to hinder active participation in the country’s investment space. According to the firm, […]
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