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SME growth in Nigeria requires more than just financial investment, as discussions have traditionally focused on access to finance. A broader approach is needed to foster the next stage of development for small and medium-sized enterprises.
Ikeja Electric has appointed Ogochukwu Onyelucheya as its new Acting CEO, effective July 1, 2026. He succeeds Folake Soetan in this leadership transition.
Enrico Galliera has resigned as Ferrari's chief marketing officer after facing significant criticism regarding the company's electric vehicle strategy. His departure comes amid a backlash from stakeholders over the brand's direction in the electric vehicle market.
Fiona Ahimie has been inaugurated as the first female president of the Chartered Institute of Stockbrokers. She introduced a reform agenda that includes a proposed N5 billion endowment fund.
Jaiz Bank Plc has approved a significant 57% increase in its dividend, distributing N4.91 billion to shareholders. Northern tycoons received the largest share of this dividend payout.
Jaiz Bank Plc has approved a significant 57% increase in its dividend, totaling N4.91 billion. Northern billionaires have received the largest share of this dividend payout.
President Bola Tinubu has congratulated Adewale Tinubu, the CEO of Oando Plc, on his 59th birthday. He acknowledged Adewale's significant contributions to the industry.
BUA Cement Plc has donated N108 million in agricultural supplies to 211 resettled farmers in Sokoto. This initiative aims to boost food production and support vulnerable communities in the region.
Experts emphasize the need for fintech companies to enhance trust and governance to attract long-term investments. This evolution is crucial for sustaining financial inclusion in Africa's financial technology sector.
Afreximbank has appointed Peter Adeshola Olowononi as the new Director for Southern Africa Operations, effective May 1. He succeeds Humphrey Nwugo in this role.
A report highlights the need for Nigeria to improve its approach to international business missions beyond mere MOUs. It emphasizes mastering cross-cultural commerce to attract global investment effectively.
Zenith Bank is supporting the Canada-Africa Business Conference to strengthen trade and investment relations. The event features a Canadian delegation representing 31 companies and various stakeholders from both regions.
The NSIA has launched a $275,000 innovation award aimed at supporting Nigerian startups. This initiative includes training and mentorship in key sectors such as manufacturing and climate.
Nigeria's economic potential was emphasized at the 10th Nigeria-EU Business Forum, showcasing investment opportunities. The EU and ECOWAS aim to enhance trade and sustainable growth in the region.
Proton Security Service Limited has recognized Adebanjo Adeboye Samuel for his integrity in returning $9,100 lost by a customer. This act highlights the company's commitment to professionalism and customer service.
NiMRA is encouraging businesses in Nigeria to prioritize consumer insights to adapt to changing spending patterns. This shift is essential for maintaining competitiveness amid economic challenges.
AJE Group has launched a new antioxidant-rich beverage called Cielo in Nigeria. The drink comes in a 740ml bottle and aims to cater to health-conscious consumers.
FAAN's MD, Olubunmi Kuku, believes that resolving the dispute with Bi-Courtney will enhance aviation investments in Nigeria. She emphasizes that fair concessions are crucial for the growth of the sector.
Al-Awadhi highlights that neglecting bilateral agreements is stifling the growth of African aviation. He calls for increased government action to address taxes and policy issues affecting safety in the sector.
Kreston Pedabo urges businesses to adopt strategic restructuring to ensure sustainable growth in a challenging economic landscape. This approach goes beyond mere cost-cutting, promoting long-term competitiveness.
Business trips require careful planning to balance practicality and style. Proper preparation can enhance productivity and leave a lasting impression.
Nigeria's largest companies are accumulating record levels of cash instead of investing in expansion. This trend is attributed to high interest rates affecting business decisions.
MTN Group Chairman Mcebisi Jonas emphasizes that South Africa's issues are rooted in governance failures rather than the presence of foreign nationals. He advocates for addressing structural problems instead of targeting foreigners.
Malaysia's Palm Oil Council is planning to expand its operations in Nigeria due to increasing demand for palm oil. This move highlights Nigeria's significance as a key market for Malaysian palm oil exports.
President Bola Tinubu has congratulated Adewale Tinubu, the Group Chief Executive of Oando PLC, on his 59th birthday. He acknowledged Adewale's significant contributions to Nigeria's energy sector.
MTN Group Chairman Mcebisi Jonas has condemned xenophobic violence in South Africa, emphasizing the country's reliance on the rest of Africa for economic growth. He asserts that South Africa cannot thrive without the support of its continental neighbors.
Steve Babaeko emphasizes the importance of human creativity in the advertising industry over reliance on AI tools. He urges agencies to prioritize developing creative skills to maintain a competitive edge.
Dr. Edward Akinlade emphasizes that addressing current challenges is crucial for growth in Nigeria's real estate and hospitality sectors. His insights highlight the potential for development if these issues are effectively managed.
Wakanow CEO Bayo Adedeji highlights that structural challenges, rather than airline greed, are the main reasons for high air travel costs in Africa. He points to taxes, fuel costs, and government policies as significant contributors to expensive airfares.
Aminu Ado, chairman of IMG Nigeria Plc, emphasizes the company's commitment to sustainable growth and enhancing shareholder value. The firm has experienced significant growth in shareholders' equity in 2025.