. eTranzact International Plc increased its revenue by 22.6% to ₦16.28 billion in the first half of 2026, but the payments company recorded a decline in profitability as operating and transaction-rela...
. CWG Plc recorded a sharp increase in revenue from its IT Infrastructure Services business in the first half of 2026, with the segment generating ₦15.5 billion, up 142.4% from ₦6.4 billion recorded i...
. Nigerian technology company Terra Industries has raised an additional $18 million, bringing its total seed funding to $52 million as the company accelerates manufacturing and expands its autonomous ...
. Artificial intelligence company Anthropic has recorded a dramatic increase in revenue, with annualised revenue reportedly climbing to $11.5 billion, representing a 1,360% increase from the level rec...
. African fintech giant OPay has reported a major turnaround in its financial performance, recording a $72.47 million net profit in 2025 after posting a $50.98 million loss a year earlier. The profita...
. OPay Limited recorded a sharp increase in transaction activity in 2025, with its gross transaction value (GTV) more than doubling to $358 billion, as the African fintech continues to expand ahead of...
. Shoprite’s Sixty60 on-demand grocery platform has grown into a R25.5 billion ($1.6 billion) digital commerce business, underscoring the rapid shift in South Africa’s retail market from traditional s...
. African e-commerce company Jumia Technologies AG has secured $50 million in fresh capital, anchored by a $25 million investment from the International Finance Corporation (IFC), as the company repor...
. IHS Towers, one of Africa’s largest independent telecommunications infrastructure companies, increased revenue in the first half of 2026, but higher operating costs and expenses linked to its propos...
. Nigeria’s equities market crossed the ₦160 trillion market-capitalisation threshold on Monday, August 10, 2026, as a sharp rally in Airtel Africa lifted the Nigerian Exchange (NGX) to another major ...
. Nigerian listed companies generated a combined ₦179.5 billion in finance income from investments such as Treasury Bills, government securities and bank placements in the first half of 2026, highligh...
. Geregu Power Plc has defaulted on payments linked to its ₦40.09 billion Series 1 Senior Unsecured Bond, raising fresh concerns about the power company’s liquidity and ability to meet its debt ...
. Telecommunications giant Airtel Africa is positioning itself for another major growth phase, with plans to surpass $7 billion in annual revenue as it doubles down on mobile data expansion, digital f...
. Chellarams Plc has staged a strong financial turnaround, returning to profitability in the first quarter of 2026 after posting a significant increase in revenue, improved margins and lower financing...
. Oando Plc has reported a significantly improved financial performance for the first half of 2026, cutting its pre-tax loss by more than three-quarters as a robust second-quarter performance returned...
. Nigeria’s telecommunications sector continued its upward trajectory in June 2026, with active mobile subscriptions rising to 189.4 million, while MTN Nigeria moved closer to the historic miles...
. Aradel Holdings Plc posted a record financial performance in the first half of 2026, reporting a 293.4% year-on-year increase in profit before tax (PBT) to ₦752.7 billion, as higher crude oil produc...
. The Central Bank of Nigeria (CBN) absorbed approximately ₦7.18 trillion from the financial system through Open Market Operations (OMO) auctions in July 2026, signaling a subtle but significant adjus...
. Berger Paints Nigeria Plc delivered a strong financial performance in the first half of 2026, posting a 27% year-on-year increase in profit before tax (PBT) to ₦1.20 billion, driven by sustained dem...
. Nigeria’s equities market staged a remarkable comeback in July 2026, adding ₦11.11 trillion to investors’ wealth as renewed demand for banking stocks and other fundamentally strong compa...
AXA Mansard Grows H1 Pre-Tax Profit to ₦8.41 Billion as Strong Underwriting Offsets Market Pressures
. AXA Mansard Insurance Plc delivered a stronger financial performance in the first half of 2026, reporting a profit before tax of ₦8.41 billion, driven by improved underwriting discipline, healthy in...
. Microsoft has recorded the largest single-day market value gain in stock market history, adding nearly $450 billion to its valuation after a blockbuster earnings report and stronger-than-expected ou...
. Sterling Bank delivered a solid financial performance in the first half of 2026, posting a 21.9% year-on-year increase in profit before tax (PBT) to ₦55.53 billion, driven by stronger interest incom...
. African payments technology company Flutterwave has been named among the world’s leading fintech companies in the latest CNBC and Statista World’s Top Fintech Companies ranking, adding another globa...
. Presco Plc, Nigeria’s fully integrated agro-industrial company, has reported a 9.3% year-on-year increase in profit before tax (PBT) to ₦122.2 billion for the first half of 2026, despite a cha...
. Zenith Bank Plc is strengthening its position among Nigeria’s leading financial institutions as its competitive advantage increasingly extends beyond the size of its balance sheet to profitability, ...
. HBM Nigeria Plc has reported a strong financial performance for the first half of 2026, posting a profit before tax of ₦317.73 billion, representing a 59.08 percent year-on-year increase from ₦199.7...
By Israel Adekunle In a strategic pivot reflecting the fast-evolving demands of Nigeria’s marketing landscape, Brandheadway Communications Limited, a longstanding Lagos-based specialist in narra...