Live intelligence from 10+ verified Nigerian and UK sources
Malabu Oil & Gas Ltd has initiated a lawsuit against the Federal Government, seeking N1 trillion in damages over the division of OPL 245. The case highlights ongoing tensions regarding oil resource management in Nigeria.
The UK has endorsed Nigeria's efforts to enhance its global insurance presence, boosting the industry's international credibility. This support marks a significant step for Nigeria's insurance sector on the global stage.
The Malabu group has initiated legal proceedings against the Nigerian government, claiming that the division of OPL 245 into four assets is unlawful. They are seeking N1 trillion in compensation for the alleged damages caused by this action.
The Niger State Government is seeking the Dangote Group's help for oil exploration in the Bida Basin. This initiative aims to enhance private sector involvement in the state's extractive industry through public-private partnerships.
VivaJets urges African leaders to shift from promises to actionable steps for improving connectivity across the continent. The call emphasizes the need for collaboration between public and private sectors to enhance aviation services.
LAPO Microfinance Bank has achieved a significant milestone by being the first in Nigeria's microfinance sector to implement early International Financial Reporting Standards (IFRS). This move is expected to enhance transparency and financial reporting in the industry.
Airtime lending services have resumed after the FCCPC complied with a court order. This development is a relief for millions of subscribers relying on emergency credit for communication and business.
Air Peace has launched a new direct flight service connecting Africa to Barbados, enhancing travel options between the two regions. This initiative marks a significant advancement in air connectivity for West and Central Africa.
Equip Auto SAS France is expanding its presence in Sub-Saharan Africa with the launch of the Equip Auto Côte d’Ivoire exhibition. This move signifies a growing interest in the automotive sector within the region.
Fidelity Bank has appointed Dr. Jonathan Ososuakpor as its new Non-Executive Director. He brings extensive experience from his previous roles in various financial institutions.
Risk management is becoming increasingly vital for individuals and businesses to navigate uncertainties. This trend highlights the need for informed decision-making in today's complex environment.
Signature Bank Limited has reported a profit increase to N3.59 billion for the year ending December 31, 2025. This strong financial performance highlights the bank's growth and stability in the market.
Signature Bank reported a profit after tax of ₦3.59 billion for 2025, showcasing significant growth amid economic challenges. This performance highlights the bank's resilience and effective management strategies.
UBA has launched an Innovation Hub and Business Office at UNILAG, enhancing its ties with the academic sector. This initiative aims to foster innovation and empower the youth in Nigeria.
Insurance companies will reject claims from policyholders who do not link their National Identity Number (NIN) by the April 30, 2026 deadline. This move emphasizes the importance of compliance with regulatory directives in the insurance sector.
Garba Mohammed of The Alternative Bank emphasizes that adhering to principles has given the bank a competitive edge. He outlines the bank's strategy to enhance its operations while maintaining these core values.
The article from BusinessDay discusses various topics relevant to the Nigerian business landscape. It highlights trends and developments that could impact the economy moving forward.
The Southeast Development Commission has introduced a $500,000 venture capital programme to aid young entrepreneurs in the region. This initiative focuses on equity investment to foster startup growth in the Southeast.
Loma Bank has partnered with Liberty Hub to enhance digital finance access for over 11,000 SMEs in Nigeria. This initiative aims to support entrepreneurs by providing embedded finance solutions.
The LCFE has called on commodities brokers to enhance product generation and packaging. This initiative aims to strengthen Nigeria's commodities market and improve Africa's global positioning.
Jumia Nigeria marks its 14th anniversary by enhancing e-commerce access for all income levels. The company is launching new initiatives aimed at improving affordability and customer experience.
The NCAA has temporarily halted its 'No-pay, No-service' directive aimed at airlines to ensure stability in the industry. This decision is expected to provide relief to airline operators during challenging times.
Consolidated Hallmark Holdings Plc is set to embrace the NIIRA 2025 reforms, utilizing its robust capital and diverse revenue streams. The company's chairman expressed confidence in their readiness for these changes.
Oando's CEO Wale Tinubu highlights a rising demand for hydrocarbons driven by global instability and energy security concerns. This shift is influencing the energy transition landscape significantly.
Sycamore, a financial services company in Lagos, has received a microfinance bank licence from the CBN. This will enable them to offer deposit accounts and faster payment services.
Dettol Cool has launched #OwnTheSweat 2.0 to enhance germ protection in active environments. The campaign promotes their antibacterial soap for staying fresh and protected.
Tantalizers Plc has acquired Karflex Fisheries, the largest indigenous fisheries group in Nigeria. This move marks Tantalizers' expansion into the blue economy and seafood sector.
Kazeem Royal Properties has partnered with the Association of Professional Plumbers of Nigeria to promote quality pipes. This collaboration aims to enhance the plumbing industry in Nigeria.
The Nigerian Association of Petroleum Explorationists (NAPE) is advocating for a unified strategy among oil and gas operators to reduce Geological Non-Productive Time. This approach aims to enhance efficiency in the oil drilling sector.
Nigeria and Türkiye have signed a mining cooperation agreement aimed at enhancing technology, exploration, and investment in the sector. This partnership is expected to strengthen bilateral relations and boost Nigeria's mining industry.