Live intelligence from 10+ verified Nigerian and UK sources
Dangote aims for a $50 billion IPO valuation for its new refinery, which processes 650,000 barrels of oil daily. This development is expected to significantly reduce Nigeria's reliance on imported fuel products.
Peter Obi has praised Air Peace for their excellent service during his London experience. He also commended the complimentary SIMPLAA ride service provided to passengers.
MTN reported a 27.9% increase in core revenue for Q1, driven by strong performances in Nigeria and Ghana. The company's EBITDA reached 27.6 billion rand, reflecting significant growth in its operations.
Shoppoint has launched the Billion Receipts Initiative to digitize one billion offline consumer receipts in Nigeria. This campaign aims to enhance the country's retail economy by modernizing traditional shopping practices.
Nigerian banks are investing heavily in technology and cybersecurity to combat fraud. This proactive approach is expected to help them prevent losses of N14.5 billion in 2025.
Transnational Corporation Plc has declared a total dividend of N20.3 billion for its shareholders during its 20th Annual General Meeting. This represents a distribution of N2 per share, reflecting the company's strong financial performance.
Fidelity Bank has reported a significant 45% increase in gross earnings, reaching N1.52 trillion. Additionally, the bank's total assets have risen by 18%, with shareholders' funds surpassing the N1 trillion mark.
Ade Buraimo is making significant strides in Nigeria's competitive financial services sector. His ambition is driving institutional growth and enhancing the industry's reputation.
Manoj Sinha emphasizes that access to capital is crucial for accelerating the growth of renewable energy. He made these remarks during the IMF/World Bank Spring Meetings in Washington, D.C.
CIG Motors has launched the EasyPay campaign to enhance vehicle accessibility for Nigerians. The initiative includes significant price reductions on their vehicles.
Petralon Energy has successfully started production from its second well at the Dawes Island Field, contributing an additional 2,800 barrels per day. This marks a significant milestone for the indigenous Nigerian upstream operator.
Aliko Dangote is aiming for a $50 billion valuation for his refinery business, which could become the largest listing in African capital market history. This move highlights the growing potential of Nigeria's oil sector.
The Supreme Court has reserved judgement on the appeals by Neconde Energy Limited and Nestoil Limited regarding an asset freezing order. The decision will determine the future of these companies' operations in Nigeria.
Access Holdings Plc's UK subsidiary has become the largest contributor to the group's earnings, surpassing its Nigerian operations. This marks a significant shift in the bank's earnings landscape.
African consumers are increasingly prioritizing transparency, sustainability, and trust in brands. This shift indicates a growing demand for ethical practices in the marketplace.
A court in Lagos has denied bail to businessman Ufoma Immanuel, who is facing allegations of a $1.5 million fraud. The judge dismissed his preliminary objections in the case.
Fidelity Bank Plc reported a significant growth in gross earnings of 45.6% for the fiscal year 2025. The bank's earnings rose from N1.04 trillion in 2024, showcasing strong financial performance.
NNPCL has announced a new Memorandum of Understanding with Chinese partners, raising questions about its implications. This development continues the trend of international collaborations in Nigeria's energy sector.
Optimus Bank is making a significant impact in Nigeria's banking sector through innovation and customer-centric solutions. The bank's strong corporate foundations and technological drive are key to its growth.
NECA has launched an ESG Implementation Guide to enhance the sustainability of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This initiative, in collaboration with the ILO, aims to promote responsible business practices.
Shareholders of Custodian Investment Plc praised the board and management for their impressive financial performance in the 2025 fiscal year. The strong returns on investment have garnered positive feedback from the investors.
Julius Berger Nigeria PLC has been named the Best Construction and Infrastructure Company of the Year in West Africa for the second year in a row. This recognition highlights the firm's continued excellence in the engineering and construction sector.
Mr. Moses Ebosele has announced a high-level lecture to celebrate the 10th anniversary of City Business News Online. The event is set to take place on June 25, 2026.
Fidelity Bank Plc reported a 45.6% increase in gross earnings for the financial year 2025. The bank continues to serve over 9.1 million customers through its extensive digital banking channels and business offices in Nigeria and the UK.
France is investing €23 billion in Africa to strengthen ties with the continent. This initiative was announced during the Africa Forward summit in Nairobi, attended by various leaders and business figures.
Mamae founders discuss the challenges of running a food production company in Nigeria, emphasizing the mental resilience required. They highlight critical questions entrepreneurs should consider before seeking funding.
The Nigeria Fintech Forum 2026 is set to gather over 1,700 stakeholders from the financial services sector. This fifth edition will focus on key issues in finance and regulation.
The informal land market is gaining popularity among real estate investors due to its expediency, flexibility, and affordability. This trend highlights a shift in investment preferences within Nigeria's real estate sector.
The facilities management market is projected to exceed $45 billion by 2030, indicating a positive future. This growth is driven by expanding skylines and evolving commercial districts.
Bisedge Logistics & Infrastructure has successfully raised $20 million to expand its electric fleet across Africa. This funding from Metier Private Equity signals confidence in the potential of African manufacturers.