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Toriola emphasizes that MTN Nigeria is fundamentally a Nigerian company and supports the government's telecom tariff adjustments. These changes are aimed at preventing financial collapse in the industry and boosting MTN's capital expenditure for network improvements.
Chinwendu Ekeh has been appointed as the acting Managing Director of NASD Plc following the retirement of Eguarekhide Longe. This leadership change marks a new chapter for the organization.
TradingPRO's $1 Cent Account is making it easier for new traders in emerging economies to access the market. This initiative aims to democratize trading by providing professional tools at a low cost.
RMB Nigeria Asset Management Limited's RMBN Money Market Fund has been upgraded to an 'A+' rating by Agusto & Co. This two-notch upgrade reflects the fund's improved creditworthiness and stability.
HGL Real Estate Limited has acquired a 14.1% stake in Ikeja Hotels, supported by Honeywell Group. This investment highlights the growing interest in Nigeria's hospitality sector.
Nigerian SMEs are increasingly using digital tools and payment systems to drive growth and overcome challenges. This shift is transforming their ambitions into tangible success.
Enactus Nigeria has partnered with the Nigerian Stock Exchange and NCDMB to promote innovative engineering solutions for Nigeria's development. This collaboration aims to enhance the commercialization of local solutions to address pressing challenges.
Dangote Refinery has successfully secured $750 million through its first Eurobond issuance, priced at 7.5%. This funding comes ahead of its planned IPO and reflects the refinery's commitment to stabilizing fuel prices despite global oil market fluctuations.
The Federal Court of Appeal has confirmed Halkin Exploration and Production Limited as the legal owner and operator of OML 46. This ruling upholds a previous decision made by the Federal High Court in 2025.
Shell and nine banks have launched a $3 billion fund aimed at supporting Nigerian oil service companies. This initiative is expected to empower local contractors and enhance local content in the oil and gas sector.
BusinessDay has reported on various developments occurring on July 3, 2026. The details of these developments are available in their latest edition.
Segilola Resources is committed to responsible mining and sustainable development, showcased at AFNIS 2026. Their participation highlights a positive shift towards sustainable practices in Africa's mining sector.
Niger State Government has allocated 500 hectares of land to Abuja Steel Mills Limited for a solar energy project and industrial development. This initiative aims to boost local industry and renewable energy in the region.
Ibom Air has expanded its services to include regional connectivity, enhancing travel options for passengers. This marks a significant milestone for the state-owned airline since its inception in 2019.
Beta Glass Plc reported a revenue of N37.5 billion for Q1 2026 and has reorganized its board of directors. The company is also planning investments in manufacturing technology and sustainability initiatives.
The Nigerian Ports Authority and the Association of Nigerian Licensed Customs Agents are collaborating to tackle congestion on the Apapa and Tincan port access roads. This partnership aims to enhance the ease of doing business in the region.
NOG Energy Week 2026 has commenced with a seminar focused on Nigerian content in the oil and gas sector. The sector has seen a significant increase in local participation, rising from below 5% to over 61% since the 2010 NOGICD Act.
Dangote Cement Plc has received shareholder approval for a secondary listing on the London Stock Exchange and a substantial dividend payment of N753.8 billion. This move aligns with the company's expansion strategy and reflects strong shareholder support.
Nigeria and China are enhancing their partnership in exports and energy, with additional collaborations in AI, healthcare, and agriculture. This development signals a strengthening of bilateral ties between the two nations.
Otudeko's Honeywell Group affiliate has acquired a 14% stake in Ikeja Hotel, valued at over N13.5 billion. This investment highlights the group's continued expansion in the hospitality sector.
President Tinubu inaugurates a lithium facility in Nasarawa, emphasizing the need for Nigeria to develop local industries. This initiative aims to create jobs and enhance the country's role in the global clean energy market.
Dangote Refinery has reduced the price of PMS by N200 per litre, reflecting its ability to absorb global oil price fluctuations. This move indicates a trend of continued price adjustments in the fuel market.
The article emphasizes the difference between earning a salary and being recognized for one's true value. It suggests that exceeding expectations can lead to greater opportunities in the future.
Transcorp Hotels has celebrated the graduation of its 16th cohort from the Women's Business Empowerment Programme. This initiative reinforces the company's commitment to empowering women and fostering inclusive growth.
eTranzact Plc emphasizes the importance of digital payments in enhancing tax administration and public service delivery. CEO Niyi Toluwalope shared these insights at the Nigeria Employers' Summit.
Nigerian gamblers are increasingly looking for more than just basic sign-up bonuses, with a significant preference for online and app-based sports betting. Research indicates that a majority of bettors desire real-time betting options during games.
Tim Motors Nigeria is set to launch electric vehicle service stations in major cities to tackle after-sales issues. This initiative aims to enhance the support for EV users across the country.
The new president of the Chartered Insurance Institute of Nigeria, Akinjide Orimolade, plans to focus on technology and mandatory insurance in his administration. His approach aims to enhance the insurance sector's efficiency and compliance.
GEN Nigeria and Tripoint Travel have launched the GEC+ Africa Regional Competition Community to foster entrepreneurship. This initiative aims to enhance business opportunities for participants across the region.
Forvis Mazars and the Franco-Nigerian Chamber of Commerce and Industry hosted a CFO luncheon in Lagos. The event focused on the African Continental Free Trade Area and cross-border investment opportunities.