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1 week ago | 
businessday.ng | Ifeoluwa Adebayo
Inoyo Toro Foundation, a non-profit organisation, has empowered her 2024 award-winning teachers in a bid to improve learning outcomes and reward excellence, according to a statement issued by the group. The Uyo-based foundation, saddled with the mandate of eradicating poverty through education using the teacher as a vocal point, has in almost two decades trained all her award winning teachers for excellence.
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1 week ago | 
businessday.ng | Ifeoluwa Adebayo
NASCON Allied Industries Plc started the year on a stronger note, achieving a significant turnaround in its three-month earnings with a 533 percent increase in after-tax profit. This impressive growth was driven by strategic cost optimisation, revenue expansion, and a decline in foreign exchange losses. According to its unaudited financial statements for the period ended March 31, 2025, after-tax profit rose to N7.6 billion from N1.2 billion recorded in the same quarter last year.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
As inflation continues to tighten household budgets, Nigerians are reshaping their spending habits, putting health and wellness at the forefront of their priorities in 2025. The Nigerian Consumer Outlook Report 2025 highlights this shift, attributing it to increasing health awareness and a global movement toward prevention over cure.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Ikeja Hotels Plc has recorded a 57 percent increase in revenue for the first quarter of 2025, driven by higher lodging demand, its latest financial results show. According to the company’s unaudited financial report from the Nigerian Exchange Group (NGX), revenue rose to N6.1 billion for the first quarter ended March 31, 2025, from N3.8 billion in the previous quarter.
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2 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the appointment of Sade Morgan to the global role of Corporate Affairs director for Heineken Africa and Middle East (AME) region, effective May 1st, 2025. This was revealed in a statement by the managing director of Nigerian Breweries Plc, Hans Essaadi, on Friday, April 4, 2025.
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3 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Despite the rising cost of construction materials, UPDC, a property investment company in Nigeria, thrived in 2024 as property sales and development drove a 120.6 percent surge in revenue growth, the highest in nine years. According to the company’s audited financial statement for December 31, 2024, revenue more than doubled to N11.6 billion year-on-year from N5.3 billion in 2023.
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3 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
The Nigerian-British Chamber of Commerce (NBCC) has emphasised the importance of prioritising Nigeria’s creative industry as a major driver of economic growth to foster bilateral trade and foreign investment. This was disclosed during its 2025 Outward Trade Mission to the United Kingdom held from April 7th to 11th, 2025, reinforcing its efforts to advance Nigeria’s economic and cultural presence on the global stage. “The Nigerian creative sector is a national asset.
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3 weeks ago | 
businessday.ng | Ifeoluwa Adebayo
Consolidated Hallmark Holdings (CHHOLDCO) Plc emerged as the most profitable insurer with the highest Return on Equity (RoE) out of seven insurers analysed, driven by its strategic expansion of operations into a holding company. At the year ended December 31, 2024, the Group’s restructuring boosted its after-tax profit by 495 percent to N22.6 billion from N3.8 billion, the highest on record since listing on the Nigerian Exchange Limited (NGX).
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1 month ago | 
businessday.ng | Ifeoluwa Adebayo
Christabel Onyejekwe, an executive director for business development, has emerged as the chairperson of Africa Prudential Plc, following her previous role as an independent non-executive director in 2024. The announcement, made during the company’s 12th Annual General Meeting on Friday, took effect on April 11, 2025.
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1 month ago | 
businessday.ng | Ifeoluwa Adebayo
At the Lagos State University’s 28th Convocation ceremony, 12 first-degree graduating students emerged as the shining stars of the event, capturing admiration for their academic excellence as the overall best students from each faculty. The one-week-long ceremony which commenced on Thursday, 3rd April to Thursday, April 10th, 2025, awarded the best-graduating students from each faculty among the 315 first-class graduates at the institution.
