Global Account Pitch: Adidas Awards $512m Global Media Account to Omnicom
Global sportswear giant Adidas has appointed Omnicom Media…
Why Three Banks Spent ₦118.55bn on Advertising as Competition Intensifies
Three of Nigeria's leading banking groups collectively spent ₦118.55 billion on advertising and marketing over a 15-month period spanning the full 2025 financial year and the first quarter of 2026, underscoring the growing strategic importance of brand investment in an increasingly competitive financial services market.
World Bank Approves $1.25bn Nigeria Reform Loan, Despite Growing Public Backlash
The World Bank has approved a $1.25 billion…
Seplat Energy Takes Double Honours at Capital Market Awards
Seplat Energy Plc has added two more accolades to a growing shelf of industry recognition, winning Energy Company of the Year and Dividend Paying Company of the Year at the Nairametrics Capital Market Awards 2026 in Lagos. The twin honours place the indigenous oil and gas producer in a select bracket of Nigerian-listed companies whose market performance has held up under conditions that have tested the resilience of even the most capitalised players on the Nigerian Exchange Limited (NGX). What the Awards Actually Measure The Nairametrics evaluation framework deserves scrutiny, because the selection methodology shapes how much the recognition actually means. According to the organisers, nominees were assessed strictly on verifiable corporate filings and published financial statements - not reputational surveys or peer nominations. The data-driven matrix tracked revenue growth, profit after tax growth, return on average equity, production capacity, dividend yield, and dividend payout ratio. For Seplat to emerge on top across both the sectoral energy category and the standalone dividend category suggests the company performed with some consistency across multiple financial dimensions simultaneously - not merely posting headline revenue numbers while sacrificing shareholder returns, or paying dividends out of reserves rather than operating cash flow. That combination, in an environment of naira depreciation, elevated production costs, and volatile global crude benchmarks, is not a trivial achievement. The Dividend Signal The Dividend Paying Company of the Year recognition is perhaps the more telling of the two awards from an investor-relations standpoint. Dividend discipline is widely regarded as a proxy for management confidence in the sustainability of earnings - boards that are uncertain about the future typically preserve cash rather than distribute it. Seplat's ability to sustain and reward shareholders through a fiscal year marked by significant exchange-rate pressure and broader macroeconomic headwinds communicates something about the underlying health of its production base and cost management posture. For retail investors on the NGX - a constituency that Nairametrics has consistently championed - dividend yield is often the primary return metric, particularly as the equities market competes for funds against high-yield fixed income instruments. …
Report: Meristem’s Nigeria Family Wealth Findings Shifts Wealth Preservation from Private Concern to National Economic Imperative
New Report Highlights Generational Wealth as a Strategic…
Africa Launches the First Pan-African Pact for Insurance Inclusion
Faced with a major paradox representing nearly 19%…
Nestlé Partners Daystar for 6.8MW Solar Expansion that Signals New Africa’s Industrial Energy Transition
Daystar Power Group has strengthened its renewable energy…
Nigeria Flares 77 Billion Cubic Feet of Gas Amid Rising Cooking Gas Prices
Nigeria flared approximately 76.92 billion standard cubic feet…
Zenith Bank Sponsorship Powers 6th Canada-Africa Business Conference in Lagos
The Canada-Africa Chamber of Business today announced final…
AfCFTA’s $1 Billion Fund and the New Battle for Africa’s Economic Future
The Federal Government's announcement that Nigerian businesses can…
