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The SheMeansBusiness initiative continues to empower women entrepreneurs in Nigeria. The program aims to enhance business skills and provide networking opportunities.
Porsche is set to cut an additional 500 jobs following a previous announcement of 1,900 job cuts last year. This decision reflects ongoing challenges in the automotive industry.
A Federal High Court in Port Harcourt has dismissed CNPC's attempt to overturn a $100 million judgement in favor of Cutra International. This ruling marks a significant development in the ongoing dispute over OPL 471.
Seleem Adegunwa, the Managing Director of Rite Foods, has been awarded the 'Industrialist of the Year'. His leadership has significantly transformed the FMCG sector in Nigeria through innovation and quality.
Rano Air has temporarily suspended some flight routes due to a significant rise in aviation fuel prices. The airline reported a staggering 300 percent increase in costs as the reason for this decision.
SanlamAllianz Nigeria has honored its top performers at the 2025 Retail Annual Competition (TRAC Awards). The event highlights the achievements of individuals within SanlamAllianz Life Insurance and SanlamAllianz General Insurance.
Universal Insurance Plc is launching a N3.2 billion Rights Issue to boost its capital base. This initiative aims to enhance the company's financial strength and support future growth.
First HoldCo Plc reports strong financial performance with gross earnings reaching N942 billion in Q1 2026. The company's profitability also rose to N321.1 billion during the same period.
Nigerian tier-1 banks reported growth in earnings and income streams, although profits declined. This decline is attributed to reduced trading gains and increased impairment charges.
NECA has called on Nigerian policymakers and businesses to facilitate the adoption of ESG standards among SMEs. This initiative aims to enhance sustainability and improve business practices in the sector.
First HoldCo Plc reported a significant increase in gross earnings, reaching ₦3.4 trillion for the year ending December 31, 2025. This marks a 6.9% growth compared to the previous year, showcasing the company's strong financial performance.
Ubuy is enhancing global shopping access for Nigerians through cross-border e-commerce. This development offers consumers increased choice and control over their purchasing decisions.
Rano Air has suspended key routes due to a more than 300% increase in Jet A1 fuel prices, citing commercial unsustainability. This move highlights the growing challenges faced by Nigeria's airline industry amid rising operational costs.
Staff at Alpha-Beta have accused the firm of targeting whistleblowers and demoting the HR head due to loyalty concerns. The situation has raised alarm among employees regarding workplace integrity and management practices.
Afri Invoice Nigeria Ltd has received official accreditation from the Nigeria Revenue Service as a system integrator. This marks a significant step in advancing Nigeria's digital invoicing landscape.
GIDI Mall 2.0 has been unveiled in Lagos, set to become the tallest commercial tower in the Eti-Osa area. This development marks a significant milestone in Nigeria's commercial real estate sector.
Nintendo anticipates a 27% decline in net profit for the upcoming fiscal year, projecting earnings of 310 billion yen. Additionally, the company has announced a price increase for the upcoming Switch 2 console.
NUPENG has praised the NNPC for its Memorandum of Understanding with Chinese firms regarding refineries. The union is advocating for transparency in the process.
BetUS Casino offers a range of promotions including sign-up bonuses and free spins to attract players. These incentives are designed to enhance the gaming experience and encourage loyalty.
Trust is essential for effective leadership and innovation within organizations. Building a culture of trust can significantly enhance collaboration and drive progress.
Airtel Africa has reported a remarkable 147% increase in annual profit, driven by a 29.5% rise in revenue. The company's revenue grew to $6.4 billion, up from $5 billion.
African hotel development has achieved a record high in Q1 2026, with Egypt leading the growth. The chain hotel development pipeline has seen a remarkable 35.5% increase across the continent.
Choosing the right online betting platform can be overwhelming due to the multitude of options available. Understanding what matters most to you is crucial for an enjoyable experience.
The Lagos Building Investment Company (LBIC) is enhancing its capital base to address Nigeria's significant housing deficit. This initiative aims to improve housing availability in the country.
Sabou Capital is focusing on bridging Africa's financing gap by investing in tech-enabled SMEs in secondary regions. This initiative aims to support the growth of small and medium enterprises across the continent.
Nigerian retail traders can now utilize advanced market analysis tools through the newly launched Vantage app. This upgrade aims to enhance trading experiences on mobile devices.
Red Media Africa achieved a remarkable feat by winning three awards at the 2026 Davos Communications Awards. This success highlights the company's growing international recognition in the communications sector.
A court has denied bail to the Managing Director of Intermediate Investment Holdings Limited, accused of a $1.5 million fraud. The judge has ordered an accelerated trial for the case.
The article from BusinessDay discusses various business trends and updates in Nigeria. It highlights key developments that could impact the economy moving forward.
Renaissance Africa aims to achieve a crude oil output of 500,000 barrels per day by 2030. The company is part of a joint venture with NNPC, TotalEnergies, and AENR.