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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.
LS Scientific emphasizes the importance of innovation and advanced laboratory technology for the growth of Nigeria's pharmaceutical sector. This comes in light of ongoing regulatory challenges faced by the industry.
Sunbeth plans to launch cocoa and cashew processing plants in March 2027, aiming to enhance local agricultural value and boost exports. This initiative is expected to significantly contribute to the African agricultural sector.
African women entrepreneurs are encouraged to leverage the $5 trillion global green economy. They are urged to overcome certification barriers to access new export opportunities.
Nigerian streamers are shifting towards direct sales to improve profit margins, with D'banj leading the initiative through CREAM. The music industry saw significant revenue growth, generating N901 billion in 2024.
FirstHoldCo Plc achieved a remarkable 72.2% increase in profit before tax for Q1 2026 compared to the previous year. This growth reflects the company's strong financial performance and effective management strategies.
The federal government has announced a reconciliation with Bi-Courtney Aviation Services Limited, easing tensions over the operation of MMA2. This development marks a significant step towards improved collaboration in the aviation sector.
Interswitch has partnered with Asaba Airport Company to launch a smart parking system at Asaba Airport. This initiative aims to enhance the parking experience for travelers.
Sycamore Integrated Solutions Limited successfully raised N6.89 billion through its Series 1 Commercial Paper issuance, exceeding its N3 billion target. The offer was oversubscribed by 230%, indicating strong investor interest.
Gamification is transforming casino loyalty by enhancing player engagement through recognition and progression. This shift is likely to change how casinos retain and reward their customers.
Dangote Refinery has exported 57 million barrels of jet fuel, showcasing Nigeria's increasing refining capacity. However, domestic airlines are facing challenges due to high aviation fuel prices and operational pressures.
FirstHoldCo has reported a remarkable 72% increase in profit for Q1 2026, reaching N321 billion. The company attributes this growth to its ongoing strategic reset aimed at positioning for future success.
Sunbeth Global Concepts has announced a commitment to train 100,000 farmers by 2040. This initiative aims to enhance agricultural practices and promote sustainability in farming across West Africa.
Dangote Cement is set to pursue a secondary listing on the London Stock Exchange and plans to sell a 10% stake to foreign investors. This move aims to attract global capital and enhance its market presence.
SheVentures has launched applications for zero-interest loans of up to ₦10 million aimed at women entrepreneurs. This initiative is designed to facilitate access to working capital and promote business growth among women.
Sunbeth Global Concepts Ltd plans to launch processing plants for 70,000 MT of cocoa and 80,000 MT of cashew in March 2027. This initiative aims to enhance Africa's export capacity in these commodities.
Jumia Technologies is planning to reduce its workforce by at least 200 jobs in the coming quarters. This move is part of a strategy aimed at improving profitability.
The NRS has introduced weekend operations to assist taxpayers with tax filing compliance. This initiative aims to provide guidance and support for timely tax obligations.
A coalition of advocates has criticized the NNPCL's refinery deal with Chinese firms, calling for an investigation into previous expenditures of $1 billion. They argue that transparency is essential for accountability in the oil sector.
IHS Towers has finalized the sale of its majority stake in I-Systems to TIM S.A. as part of a significant portfolio restructuring. This move marks a strategic shift for the company in the telecommunications sector.
Jumia Group's revenue increased by 39% in the first quarter, reflecting the success of CEO Francis Dufay's restructuring efforts. This positive trend indicates a strong recovery for the company.
Guinea Insurance Plc has reported positive financial results for the period ending March 31, 2026, indicating a strong recovery. The company's performance shows a resilient top line and a strengthened asset base.
African airlines have achieved a remarkable 19.2% increase in passenger demand, leading global growth. This surge comes despite ongoing geopolitical tensions, showcasing the resilience of the African aviation sector.
ValueJet has launched a new domestic route from Lagos to Benin City, enhancing its service offerings. This expansion aims to improve connectivity within Nigeria.