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1 week ago | 
businessday.ng | Boluwatife Omotayo
Five listed companies have forecast a combined profit after tax of N54.72 billion for the third quarter of 2025, the group, comprising MRS Oil Plc, Eterna Plc, Custodian Investment Plc, Regency Alliance Insurance Plc and STACO Insurance Plc, spans the oil, gas and insurance sectors, and released their profit outlook following Exchange requirements.
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1 week ago | 
businessday.ng | Boluwatife Omotayo
Briclinks Africa Plc ended the quarter to 31 March 2025 with cash and cash equivalents of N96.80 million, up from N6.44 million a year earlier, representing a remarkable 1,402 percent surge in readily available liquidity. “Cash and cash equivalents at end of the period were N96.80 million, compared with N6.44 million in the same period a year earlier,” the statement of cash flows said. This build-up was driven by a marked turnaround in operating cash generation.
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1 week ago | 
businessday.ng | Boluwatife Omotayo
Raiz, a financial platform, has facilitated $2.6 million in transactions within its first 90 days of operation. The firm combines USD banking, real-time currency exchange, local and cross-border payouts and collections, smart budgeting tools and virtual cards into a single, intuitive mobile app designed to streamline global money management.
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2 weeks ago | 
businessday.ng | Boluwatife Omotayo
Accion Microfinance Bank is deepening financial inclusion in Kwara State, unveiling a purpose-built hub for small- and medium-sized enterprises (SMEs) in Ilorin. The branch, situated at 124 Abdul-Azeez Attah Road, Surulere, is designed to deliver bespoke credit, savings and digital-banking services that reflect the needs of local traders and entrepreneurs.
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2 weeks ago | 
businessday.ng | Boluwatife Omotayo
Nigeria’s first publicly listed internet service provider, Legend Internet Plc, has reported a profit after tax of N32.89 million for the financial period ended 30 April 2025, underscoring its ability to translate robust revenue streams into positive earnings despite prevailing economic headwinds.
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2 weeks ago | 
businessday.ng | Boluwatife Omotayo
First Bank is deepening its push for digital transformation through a strategic alignment with Amazon Web Services (AWS), placing customer-centric innovation at the heart of its agenda. As part of its First Tech Connect Series, the bank recently hosted a fireside chat with Werner Vogels, Global Chief Technology Officer at Amazon, with an intent to harness cloud and AI to elevate service delivery, agility, and trust.
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3 weeks ago | 
businessday.ng | Boluwatife Omotayo
Deloitte Africa has appointed Tope Aladenusi as its new Cyber Leader, as the firm continues to strengthen cybersecurity across the continent. Aladenusi’s journey with Deloitte began nearly two decades ago when he joined as a pioneer staff member tasked with establishing the cybersecurity business in Nigeria. At a time when dedicated cyber expertise was still in its infancy in the region, he helped build that initial unit into the largest cybersecurity team in the country.
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3 weeks ago | 
businessday.ng | Boluwatife Omotayo
OdumareTech, a fast-growing Nigerian technology training company, has earned two international recognitions that position it among globally respected learning institutions. The company announced its registration with the United Kingdom Register of Learning Providers (UKRLP) and its recent approval by the American Council of Training and Development (ACTD). These certifications underscore OdumareTech’s ambition to become a global force in technology education.
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3 weeks ago | 
businessday.ng | Boluwatife Omotayo
In 2024, many Nigerian banks undertook one of the most significant technological transitions in recent years, migrating their core banking software to more advanced platforms to enhance operations and improve the customer experience. However, the process came with challenges, including prolonged system downtimes, integration issues, cybersecurity concerns, and data migration errors that left some customers unable to access their accounts for days.
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3 weeks ago | 
businessday.ng | Boluwatife Omotayo
Meyer Plc has delivered a strong performance in the first quarter of 2025, posting a profit before tax of N250.5 million, a nine-fold rise from N28 million in the same period last year. Net profit stood at N166.5 million, a nearly ninefold increase, as the company continues to gain traction with its ongoing transformation strategy.
