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Regency Alliance Insurance Plc is set to raise N3.04 billion through a rights issue as part of its recapitalisation efforts. This move is expected to strengthen the company's financial position.
Air Peace's aircraft was grounded due to a bird strike at Kano airport, but the airline has quickly deployed an alternative plane. This action aims to minimize disruption and ensure passenger safety.
Eleven Nigerian states are gearing up to compete for recognition at the upcoming BusinessDay competitiveness awards. This event highlights the commitment of these states to enhance their investment readiness and competitiveness.
FirstHoldCo has successfully completed a N45 billion private placement to strengthen FirstBank's capital base. This move is part of a larger N350 billion Private Placement programme.
Polaris Bank has launched a financial literacy training program for students in Katsina, promoting youth empowerment and financial inclusion. This initiative aims to equip young people with essential financial skills.
Telecom operators in Nigeria are set to invest $1.38 billion to improve network infrastructure despite facing operational challenges. This investment marks a significant commitment to enhancing the sector's growth and service delivery.
Khaled Salah, AVEVA's VP for African markets, highlighted the resilience and potential of African markets for business growth during his visit to Nigeria. He emphasized the talent available in these markets as a key driver for scaling businesses.
Visa's annual study reveals a rise in AI shopping in Nigeria, despite ongoing trust concerns among consumers. The report highlights the need for increased awareness around digital commerce and fraud prevention.
Yuno has partnered with Onafriq to enhance payment solutions for businesses across Africa. This collaboration aims to provide a robust payments infrastructure for merchants globally.
TranESS has launched new battery storage solutions aimed at enhancing renewable energy usage. The initiative includes financing options to support businesses in adopting these technologies.
ValueJet has launched a specialized Boeing technical training program for its aircraft maintenance engineers. This initiative highlights the airline's commitment to safety and operational excellence.
Enterprise Trade and Knowledge (ETK) is set to launch its Momentum initiative in Lagos, marking the beginning of its global expansion strategy. This move highlights Nigeria's growing importance in international trade and economic development.
Nonso Okpala, CEO of VFD Group, has encouraged young Nigerians to tap into innovation and digital opportunities for financial success. He emphasizes the importance of entrepreneurship in leveraging attention capital.
Regency Alliance Insurance Plc has announced a N3 billion rights issue aimed at enhancing its capital and expanding operations. The initiative will also support the company's digital transformation efforts.
ISSAN warns that rising cyber threats like identity theft and ransomware could undermine business sustainability and profitability in Nigeria. The organization emphasizes the need for enhanced security measures to protect businesses from these evolving risks.
Air Peace has launched new flight routes connecting Lagos to several West African cities to enhance trade and tourism. The new services are expected to foster economic growth in the region.
Great Nigerian Insurance Plc has launched a N15.6 billion rights issue, approved by the Securities and Exchange Commission. The company aims to issue 6 billion ordinary shares to enhance its capital base.
Stephanie Oforka emphasizes the significance of stewardship for Nigerian business leaders. Her insights are shaping leadership discussions in the corporate sector.
JustMarkets has announced the introduction of SpaceX stock CFDs for its clients, starting June 17, 2026. This move opens up new trading opportunities in the aerospace sector.
Shell has appointed Elohor Aiboni as the new Country Chair for its Nigeria operations. Aiboni, a former Managing Director of SNEPCo, succeeds Marno who has served for over six years.
Okomu Oil Palm Plc is shifting its focus to the domestic market due to declining export earnings. The company's first-quarter results indicate a strategic pivot to boost growth locally.
Aba Power Limited has praised the residents of Obohia Ndoki for their vigilance in preventing vandalism of electricity facilities. The collaboration with the Abia State Community Police has been highlighted as a key factor in safeguarding infrastructure.
Ripple has made a significant investment in Flutterwave, valuing the Nigerian payments company at $3.2 billion. This funding aims to enhance stablecoin payments across Africa.
BusinessDay highlights significant developments in Nigeria's business landscape as of June 17, 2026. The report covers various sectors and their impact on the economy.
Globacom has introduced new data bundles called 'More Data More Value' aimed at gamers and streamers in Nigeria. The packages offer enhanced data volumes to cater to heavy internet users.
FirstBank has achieved a significant milestone by disbursing N1 billion in daily loans through its FirstAdvance digital loan product. This reflects a growing trend towards automated credit solutions in the banking sector.
Ecobank Nigeria has strengthened its support for SMEs at the 2026 Adire Lagos Experience fair. This initiative highlights the bank's commitment to local industries and economic growth.
A Federal High Court has ordered Virgin Atlantic to compensate a passenger with N13 million for a denied boarding on a Lagos-London flight. This ruling highlights the legal accountability of airlines in Nigeria.
LagRide has launched new vehicles as part of its Drive-to-Own program for graduate trainees. This initiative aims to promote asset ownership and enhance financial stability for young professionals.
Heirs Insurance Group has expanded its Rewards & Loyalty Programme to include corporate clients. This initiative allows employers to enhance lifestyle and wellness benefits for their employees across various sectors.