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Bank-backed fintechs are poised to drive a new wave of mergers and acquisitions in Africa's fintech sector. This trend follows the success of startups like Flutterwave and Moniepoint, indicating a shift in the market dynamics.
Wema Bank has secured a €50 million financing agreement with EIB Global to enhance credit access for Nigerian SMEs. This initiative particularly aims to support women and youth-owned businesses.
Tunji Ajibola emphasizes the importance of regulatory compliance and professional standards for various professionals beyond just lawyers. His advocacy aims to enhance governance and business practices in Nigeria.
Enviable Tricycle Auto Parts Limited has gained nationwide distributorship rights for TVS Motor Company products, enhancing its role in Nigeria's transportation sector. This development is expected to create new opportunities in the mobility ecosystem.
FAAN MD Olubunmi Kuku has rejected proposals for a dedicated aviation finance institution. Instead, he suggests that existing lenders should establish specialized aviation desks to meet the sector's needs.
Ethiopian Airlines has added two DHC-6 Twin Otter Classic 300-G aircraft to its domestic fleet. This expansion aims to enhance operations and improve access to remote communities.
The SEC has suspended marketing for a Dangote IPO, advising investors to be cautious as no application has been approved. This move has raised concerns among potential investors regarding the IPO's future.
Nigerian airlines are requesting an urgent meeting with President Bola Tinubu to address the challenges posed by aviation charges and taxes. They are concerned about the impact these costs have on their operations and survival.
APM Terminals Apapa is recognized as a key player in enhancing Nigeria's export trade. The terminal is leveraging investments and technology to improve competitiveness.
FBS Reinsurance Limited has been awarded an AA rating and a stable outlook by GCR Ratings, reflecting its strong financial position. This recognition highlights the company's robust performance in the reinsurance sector.
Heirs Insurance Group is set to expand its operations beyond Nigeria to become a regional player in Africa. This move aims to enhance its market presence across the continent.
Prateek Suri shares valuable business insights gained over a decade in emerging markets. His experiences aim to guide future entrepreneurs in navigating similar ventures.
The Abuja Chamber of Commerce and Industry has announced the 21st Abuja International Trade Fair set for September 25 to October 6, 2026. The event aims to enhance trade, attract investment, and foster policy dialogue on economic issues.
Ayobami has successfully transitioned from phone repairs to a lucrative career in the Easybuy Sales Talent Program. This opportunity highlights the potential for flexible income in Nigeria's evolving job market.
Nigeria's SEC has prohibited the promotion and marketing of Dangote Refinery's initial public offering due to the absence of an approved IPO registration. This decision highlights regulatory scrutiny in the Nigerian financial market.
Royal Air Maroc is launching competitive ticket prices to capture the West Coast US market, with fares starting at ₦1.45 million from Lagos to LAX. This strategy aims to disrupt the premium long-haul aviation segment in West Africa.
The Securities and Exchange Commission has prohibited the promotion of Dangote Refinery's initial public offering, stating that no application has been filed. This decision aims to protect investors from misleading information regarding the IPO.
Small business owners are increasingly leveraging Ethereum as it transforms into a key platform for decentralized finance and digital commerce. This shift highlights the growing importance of blockchain technology for SMEs in Nigeria.
Iran and Oman are in talks to establish fees for maritime services in the Strait of Hormuz. They emphasize their sovereign rights while ensuring toll-free passage for vessels.
Airlines in Nigeria are facing operational challenges due to rising Jet-A1 fuel prices, leading to borrowing and cuts in services. Allen Onyema has called on President Tinubu to review aviation taxes to prevent further airline collapses.
Heineken has appointed Rafael Oliveira as its new CEO, pending shareholder approval. This change follows the resignation of Dolf van den Brink after a period of mixed performance and declining beer sales.
PokiesAustralia has conducted an investigation into bonus equity across 63 online casinos in Australia. Their findings challenge the common belief that larger bonuses always offer better value.
Inspired Evolution has introduced a $176 million investment initiative to provide electricity to rural areas in Africa. This project aims to benefit tens of millions of people by enhancing energy access.
Wema Bank has secured a €50 million financing facility from the European Investment Bank to support small and medium enterprises. This initiative aims to enhance credit access, particularly for women and youth-led businesses.
Xpress Payment Solutions Limited plans to leverage AI and IoT for its next growth phase. The company has processed transactions worth trillions of naira in the past decade.
Fidson Healthcare Plc has praised the Bank of Industry for its role in supporting Nigeria's pharmaceutical manufacturing through concessionary financing. The European Investment Bank's contributions were also acknowledged during a recent visit.
BusinessDay has published its latest edition, highlighting key developments in various sectors. The report aims to provide insights and updates for its readers.
NLNG has celebrated the graduation of 70 young professionals from its Train 7 training initiative, bringing the total beneficiaries to 401. This program aims to enhance skills and create opportunities in the Nigerian LNG sector.
Nigerian airlines have achieved a survival rate of only 7% over the past 25 years, highlighting significant challenges in the industry. Key issues include multiple taxation and safety concerns, which continue to hinder growth.
Aradel Holdings Plc has reported a remarkable N728 billion in revenue for the first quarter of 2026, marking a 264.5% increase. This achievement highlights the company's strong financial performance and growth trajectory.