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Ripple has made a significant investment in Flutterwave, valuing the Nigerian payments company at $3.2 billion. This funding aims to enhance stablecoin payments across Africa.
BusinessDay highlights significant developments in Nigeria's business landscape as of June 17, 2026. The report covers various sectors and their impact on the economy.
Globacom has introduced new data bundles called 'More Data More Value' aimed at gamers and streamers in Nigeria. The packages offer enhanced data volumes to cater to heavy internet users.
FirstBank has achieved a significant milestone by disbursing N1 billion in daily loans through its FirstAdvance digital loan product. This reflects a growing trend towards automated credit solutions in the banking sector.
Ecobank Nigeria has strengthened its support for SMEs at the 2026 Adire Lagos Experience fair. This initiative highlights the bank's commitment to local industries and economic growth.
A Federal High Court has ordered Virgin Atlantic to compensate a passenger with N13 million for a denied boarding on a Lagos-London flight. This ruling highlights the legal accountability of airlines in Nigeria.
LagRide has launched new vehicles as part of its Drive-to-Own program for graduate trainees. This initiative aims to promote asset ownership and enhance financial stability for young professionals.
Heirs Insurance Group has expanded its Rewards & Loyalty Programme to include corporate clients. This initiative allows employers to enhance lifestyle and wellness benefits for their employees across various sectors.
United Capital Group has acquired a 5% equity stake in the Nigerian Exchange Group (NGX Plc). This acquisition marks a significant step in enhancing United Capital's investment portfolio.
Claims payment is recognized as a crucial aspect of the insurance business, fostering public trust. Insurers and stakeholders are increasingly focusing on effective claims settlement.
Yemi Sadik emphasizes that governance plays a crucial role in preserving wealth across generations, rather than just capital accumulation. This perspective highlights the importance of effective management in sustaining wealth over time.
The Nigerian Content Development and Monitoring Board (NCDMB) is hosting a study tour for the Ghana National Oil Company to enhance local content practices. This initiative aims to share policy frameworks and implementation strategies between the two countries.
The article explores the unique ability of certain executives to succeed across multiple industries. It highlights the importance of resilience and adaptability in achieving lasting success.
Carloha Nigeria has launched the Chery Tiggo 9 Plug-in Hybrid Electric Vehicle (PHEV) to promote sustainable transportation. This initiative aims to enhance mobility solutions in Nigeria.
Investors are actively discussing BlockDAG's Legacy Sale and its buyback initiative involving 1 billion coins. The initiative raises questions about whether BDAG is currently the best cryptocurrency to invest in.
Nigeria's telecom operators are advocating for a new pricing model to address inflation's impact on mobile termination rates. The current N3.99 tariff has remained unchanged for eight years, prompting calls for a cost-based pricing overhaul.
Employers in Nigeria are facing a total of N16 billion in fines for not remitting pension contributions. This enforcement aims to ensure compliance with pension regulations and protect workers' retirement savings.
ARM Pensions has appointed Sa’adu A. Jijji as its new Managing Director and Chief Executive Officer. This leadership change is expected to enhance the company's strategic direction.
Ebelechukwu Nwachukwu has been appointed as the new chairman of the Nigerian Insurers Association. This marks a significant development for the Nigerian insurance industry.
Vice President Kashim Shettima is set to launch the ITF Business Incubation Programme aimed at empowering Nigerian artisans. This initiative will provide essential skills and resources for sustainable entrepreneurship.
Ericsson has appointed a new CEO, Narvinger, who aims to lead the company into the AI era. He takes over from Ekholm starting October 1.
Falcon Aerospace Limited has appointed Fola Akinkuotu to spearhead its capital and growth initiatives. This move is expected to enhance the company's expansion strategy in the West African aviation sector.
Access Holdings Plc has appointed Sa’adu A. Jijji as the new Managing Director and CEO of Access ARM Pensions Limited. This move is part of the group's ongoing strategic developments.
OmoeKOH has invested over N200 million to support small and medium enterprises in Lagos. This initiative aims to enhance productivity and provide essential business resources.
NAICOM has appointed a new Board and management team for African Alliance Insurance plc. This change aims to enhance the operations and governance of the company.
Optiva Capital reaffirms its commitment to fostering wealth and opportunities across Africa. The company aims to help Africans build legacies through smart investments and global access.
FCMB Group Plc has achieved an impressive 81% increase in profit, reaching N202.1 billion for the 2025 financial year. This growth reflects a significant improvement from the previous year's profit of N111.9 billion.
FirstBank Nigeria has reached a significant milestone by disbursing N1 billion daily through its FirstAdvance program. This achievement highlights the bank's dedication to providing innovative and accessible financial solutions.
Airbus has ended Boeing's 58-year dominance in the narrowbody aircraft market, marking a significant shift in the aerospace industry. This change highlights Airbus's growing competitiveness and innovation in aviation.
The Islamic Development Bank Group affiliates will hold the 14th Private Sector Forum in Baku from June 16 to 19. This event aims to strengthen partnerships and promote investments among member countries.