Ecobank shareholders approve sweeping governance changes

United Nigeria Airlines has pledged N20 million to sponsor the prestigious annual Chinua Achebe Prize for Fiction, administered by the Association of Nigerian Authors (ANA) for the next 10 years.
The sponsorship deal was disclosed today by the executive chairman of the airline, Professor Obiora Okonkwo, following a discussion with the ANA president, Dr. Usman Akanbi.
Under the arrangement, the airline will provide N2 million every year for the next 10 years to ANA, bringing the total sponsorship

By Emma Ujah,  Abuja Bureau Chief The Ag. Director of Corporate Communications of the Central Bank of Nigeria (CBN), Mrs. Hakama Sidi-Ali, has won the 2026 edition of the National Spokespersons Award.The recognition was announced during the 6th National Spokespersons Awards and the 4th Economic Confidential Annual Lecture, organised by Image Merchants Promotion Limited (IMPR), publishers of PRNigeria, Economic Confidential and Spokespersons Digest, in Abuja at the weekend.&n

By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, has declared a Profit After Tax (PAT) of N208billion representing a 57% growth for the first half of 2026, H1’26, against N132.677 billion in the corresponding period of last year, H1’25.According to the result released on the Nigerian Exchange Limited, NGX, the company’s net sales grew by 31% in H1’26, driven by an 11% volume growth, enhanced operational stability and improvement in distribution ef

By Godwin OritseA former Director of Shipping Development and Cabotage, Mr. Boniface Igwe, has warned that the continued dominance of foreign interests in Nigeria’s territorial waters poses a serious threat to the country’s internal security.Igwe, in his forthcoming book, Cabotage Law and Practice, argued that the growing presence and dominance of foreign operators in Nigeria’s coastal waters could undermine national security and the country’s maritime sovereignty.H

By Elizabeth AdegbesanNigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026.The 20 percent threshold in food inflation rate was last recorded in February 2021.The National Bureau of Statistics, NBS, disclosed this yesterday in its Consumer Price Index (CPI) Report for July 2026.The report stated: “The Food inflation rate in July 2

Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market.The 24 companies, drawn largely from the banking, consumer goods, industrial goods and energy sectors, have a combined market capitalisation of N117.01 trillion, underscoring the high concentration of value among a relatively small number of companies on