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Maximedia is evolving its strategies while staying true to its core vision, according to Managing Director Femi Adefowokan. The company is adapting to changing consumer habits and expectations after fifteen years in the media and marketing industry.
The Federal Government has awarded the African Quality Mark to 131 Nigerian companies for 220 products, enhancing their competitiveness under the AfCFTA. This initiative aims to boost local businesses and promote quality standards in Nigeria.
The Nigerian Railway Corporation plans to increase ticket prices for both passenger and freight services. This decision is in response to rising operational costs, particularly due to surging fuel prices.
FCMB has partnered with the Federal Government and IITA to launch the National Youth in Agribusiness Land Trust Fund. This initiative aims to enhance land access and financing for young Nigerian agribusiness entrepreneurs.
APRA and NAMPA have signed a Memorandum of Understanding to co-organize an effective communicators conference in Namibia. This partnership aims to enhance communication strategies in the region.
Dangote Petroleum Refinery has successfully increased its crude processing capacity to 700,000 barrels per day. This achievement marks a significant milestone in its expansion plans.
Dangote Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day, exceeding its previous capacity of 650,000 bpd. This enhancement is a significant milestone for the refinery's operations.
Dangote Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day. This achievement positions the refinery to compete for global leadership in the refining sector.
The article discusses the challenges founders face in ensuring their businesses endure after their departure. It highlights that while many believe their businesses are built to last, only a few truly succeed in achieving this longevity.
Cascador has invested over $5 million in seven Nigerian startups, highlighting a positive trend in entrepreneurship funding. This investment aims to support high-impact initiatives within the country.
London is investing £30 million to strengthen its position as a key gateway for African businesses. This initiative follows recent trade efforts aimed at enhancing economic ties with Africa's capital.
Dr. Olawale Fasanya explains his decision to leave a higher-paying PTDF position for a role at SMEDAN, emphasizing his desire to make a meaningful impact. He faced criticism for this choice but remains committed to his values.
The article discusses the principles outlined in 'Built to Last' by Jim Collins and Jerry I. Porras for creating sustainable companies. It emphasizes the importance of resilience and long-term vision in business success.
Dontus Perfume Oil is celebrating ten years of success by planning local manufacturing and job creation in Nigeria. Founder Ochiora Tochukwu credits the company's growth to continuous learning and innovation.
Sahara Group has launched the Asharami M.A.D Equation, a $50,000 initiative aimed at enhancing energy access in Africa. This program focuses on transforming research into scalable solutions for energy transition.
Businesses in 2026 are increasingly reliant on integrated systems for finance and operations. The importance of having a legal stack to complement financial systems is gaining recognition among founders and executives.
A fire incident in Ibadan, Oyo State, has destroyed eight businesses at Oju-Odo Academy. Investigations are currently underway to determine the cause of the blaze.
The Nigerian Economic Summit Group reports a rise in business confidence to 104.6 points, attributed to a recovery in the manufacturing sector. This positive trend reflects strong consumer demand despite ongoing cost challenges.
BUA Foods' Managing Director, Ayodele Musibau Abioye, highlighted that effective cost management and reduced input expenses have significantly boosted profits. The company achieved a 14% growth in profit after tax through disciplined cost strategies.
SpaceX is set to launch a $75 billion IPO, pricing shares at $135 each. Meanwhile, the ceasefire between Israel and Lebanon remains stable.
BusinessDay has published updates on various developments as of June 4, 2026. The report covers significant events and trends impacting the Nigerian landscape.
Philips Consulting has awarded Lagos a five-star rating, recognizing it as the best state in Nigeria. Ogun, Kaduna, Adamawa, and Niger received four-star ratings in the assessment.
Nigerian domestic airlines are grounding large aircraft due to soaring Jet A-1 fuel costs and ongoing scarcity. This situation is impacting the aviation sector significantly as airlines adjust to the rising operational expenses.
George Ogbonnaya from FCMB stresses that Nigerian SMEs need more than just financial support; they require strong infrastructure and digital transformation. This holistic approach is essential for their growth and sustainability.
Anatolia Energy has provided leadership training to members of the Nembe Okiori Host Community Development Trust. This initiative aims to promote sustainable development in Bayelsa State.
TotalEnergies and BOPANE HCDT are collaborating to train 261 youths in Akwa Ibom and Rivers State in oil and gas skills. This initiative aims to enhance community development and provide valuable job opportunities.
Nigerian dockworkers are pushing for representation in the transition to sustainable port operations. This initiative aims to align local practices with global environmental standards.
Grimaldi Agency Nigeria has clarified the process for selling empty containers, denying reports of 2,500 units sold. The agency also explained the customs duty liability associated with these sales.
Nigeria is actively promoting investment opportunities at the London Stock Exchange to strengthen ties with the UK. The initiative aims to enhance economic partnerships between Africa and the United Kingdom.
The Central Bank of Nigeria has approved Abbey Mortgage Bank's transition to a regional commercial bank, now named Abbey Bank Plc. This marks a significant expansion for the institution in the banking sector.