Financial

JUST IN: MTN Nigeria Returns to Profitability Earns N1trl Plus Free Cash Flow of N209.9bn

MTN Nigeria Communications Plc has returned to profitability after the mishap in its financial books last year. Latest financail releases of unaudited results for the quarter ended 31 March 2025 by the leading Africa’s telecoms company revealed a whooping service revenue of N1.0 trillion. The financial books made available to TechnologyMirror said that service revenue […]

Read More
Business

Nigeria Needs $410bn for Energy Transition and $40m to Close Electricity Gap, Says REA Boss

Nigeria would require approximately $410 billion for full energy transition and $40 billion to close the electricity access gap. According to the Managing Director of Rural Electrification Agency (REA), Mr Abba Aliyu, Nigeria created only 70,000 renewable energy jobs last year, in spite of its opportunities in the space, saying that “We must convert electricity […]

Read More
News

Dangote Sugar Records Impressive Performance with N665.6bn Turnover 51% Increase

Dangote Sugar Refinery Plc, turnover increased by 51 per cent to N665.6 billion for the year ended December 31, 2024, as against the corresponding figure of N441.5 billion recorded for the 2023 financial year. Speaking at the 19th Annual General Meeting (AGM) Chairman of the company, Mr Aliko Dangote noted that the company’s performance in 2024 […]

Read More
Business

After 22 Years, NCC Moves to Review 2003 Act, Says Act Outdated

After existing for 22 years and being the product that set the Nigerian telecommunications industry for revolution, the Nigerian Communications Commission (NCC) 2003 Act is set for review address trends in the technology space that the Acts didn’t address at inception. At the instance of the Commission, stakeholders and experts met in Lagos, Southwest Nigeria […]

Read More
Business

SEO Experts Set for Lagos Digital Marketing Conference

Experts in the African digital marketing ecosystem are set to converge on Lagos, Nigeria for the second edition of Seach AfriCon. The continent’s foremost SEO and digital marketing event will hold at Mike Adenuga Centre, Alliance Francaise, Osborne Road, Ikoyi, Lagos State and will feature a panel discussion on ‘How African Culture Influences Digital Marketing […]

Read More
Business

Seplat Energy Records N1.2trl Revenue Just As $250m Credit Facility Drops by $100m

  Strong cash position supports early repayment of $250 million reducing the Revolving Credit Facility (RCF) to $100 million, and an increase in our quarterly dividend to US$ 4.6 cents per share. Seplat Energy PLC, a Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, audited results for the […]

Read More
News

Again. Dangote Petroleum Turns-out Trainee Engineers 

A new batch of 52 trainee engineers have successfully completed their Dangote Petroleum Refinery Graduate Trainee Programme and are now set to be inducted into the refinery as employees. The trainee engineers in the field of Chemical Engineering, Electrical/Electronic Engineering and Mechanical Engineering finished their training with presentation and defense of their final projects in […]

Read More
Business

Mastercard Foundation Unveils $300m Strategic Partnership with UNHCR for Education of Youth Refugee

AMA PRESS RELEASE The Mastercard Foundation has unveiled a $300 million strategic partnership with UNHCR, the UN Refugee Agency, that will enable more than half a million refugees and displaced youth across Africa to complete their education and 200,000 young people to transition into dignified work by 2030. “This extraordinary commitment comes at a time […]

Read More
Business

Business Women Hub Honours BusinessDay Linda Ochugbua with Outstanding Marketing Professional Award

Digital Sales Manager at BusinessDay, Linda Ochugbua, emerged Outstanding Marketing Professional at the 2025 Business Women Hub Conference. The event brought together influential women to discuss accelerating female inclusion in leadership and business. The event, themed “Accelerating Female Inclusion: How, Why and Now,” featured powerful speeches from industry leaders. Mrs. Oluwatoyin Atanda, Senior Special Assistant […]

Read More
Business

Respite for Public Hospital as Aliko Dangote Foundation Donates Ambulance

The Aliko Dangote Foundation (ADF) has provided an ambulance to Mainland Hospital in Yaba, Lagos, thereby bolstering its capacity to manage infectious disease outbreaks and enhance emergency response. For over a decade, Mainland Hospital operated without a functional ambulance, which was a limitation that severely affected the speed and quality of patient referrals and emergency […]

Read More