BUSINESS

LAGOS, NIGERIA – SEPTEMBER 2025 – Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). GTCO Group recorded profits before tax of ₦600.9billionon …

ABEOKUTA, OGUN STATE, NIGERIA – Ogun State Governor, Prince Dapo Abiodun has stated that the creative industry is no longer a side attraction, but a global economic powerhouse. This, he said, informed the commitment of his administration to build an enabling environment where talent is nurtured. Governor stated this while …

…. Dares DAPPMAN To Go To Court LAGOS, NIGERIA – Dangote Petroleum Refinery has disclosed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an annual subsidy of N1.505 trillion to enable members to match the refinery’s gantry prices at their own depots. The refinery disclosed that …

LAGOS, NIGERIA – Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) requested it to increase the price of petrol and diesel by N75 per litre, in order to allow its members to match the refinery’s gantry prices at their respective depots. If …

BY ABU-SATAR HAMED LAGOS, NIGERIA – Shareholders of Dangote Cement Plc have received dividends amounting to over N3.3 trillion in the last 15 years. In addition to these impressive payouts, shareholders have also enjoyed significant capital appreciation from the company’s cement stock. The benefits to shareholders were revealed on Wednesday …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Management of Dangote Industries Limited (DIL) has clarified that the truck involved in the recent accident in Enugu State does not belong to the Dangote Group. According to DIL, investigations revealed that the vehicle in question is owned by Visco Investment Global Limited, …

…Showcases Ogun Investment Opportunities ALGIERS, ALGERIA – Ogun State Governor, Prince Dapo Abiodun, has told the international community that Ogun State is actively breaking trade barriers through bold initiatives designed to attract investment and deepen trade. Governor Dapo Abiodun stated this while participating in a high-level panel session titled “Investment …

ABEOKUTA, OGUN STATE, NIGERIA – The Ogun State government has officially allocated 130 hectares of land along the Epe/Mojoda Expressway in Ijebu Ode to the Federal Government for the development of the proposed Ijebu Ode Port Terminal Project. The land release comes in response to a formal request made by …

LAGOS, NIGERIA, AUGUST 29, 2025 – Guaranty Trust Holding Company Plc (NGX: GTCO; LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (“GTBank”) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of fifty kobo each …

BY ABU-SATAR HAMED ADDIS ABABA, ETHIOPIA – Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, …