Live intelligence from 10+ verified Nigerian and UK sources
Petralon Energy has successfully started production from its second well at the Dawes Island Field, contributing an additional 2,800 barrels per day. This marks a significant milestone for the indigenous Nigerian upstream operator.
Aliko Dangote is aiming for a $50 billion valuation for his refinery business, which could become the largest listing in African capital market history. This move highlights the growing potential of Nigeria's oil sector.
The Supreme Court has reserved judgement on the appeals by Neconde Energy Limited and Nestoil Limited regarding an asset freezing order. The decision will determine the future of these companies' operations in Nigeria.
Access Holdings Plc's UK subsidiary has become the largest contributor to the group's earnings, surpassing its Nigerian operations. This marks a significant shift in the bank's earnings landscape.
African consumers are increasingly prioritizing transparency, sustainability, and trust in brands. This shift indicates a growing demand for ethical practices in the marketplace.
A court in Lagos has denied bail to businessman Ufoma Immanuel, who is facing allegations of a $1.5 million fraud. The judge dismissed his preliminary objections in the case.
Fidelity Bank Plc reported a significant growth in gross earnings of 45.6% for the fiscal year 2025. The bank's earnings rose from N1.04 trillion in 2024, showcasing strong financial performance.
NNPCL has announced a new Memorandum of Understanding with Chinese partners, raising questions about its implications. This development continues the trend of international collaborations in Nigeria's energy sector.
Optimus Bank is making a significant impact in Nigeria's banking sector through innovation and customer-centric solutions. The bank's strong corporate foundations and technological drive are key to its growth.
NECA has launched an ESG Implementation Guide to enhance the sustainability of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This initiative, in collaboration with the ILO, aims to promote responsible business practices.
Shareholders of Custodian Investment Plc praised the board and management for their impressive financial performance in the 2025 fiscal year. The strong returns on investment have garnered positive feedback from the investors.
Julius Berger Nigeria PLC has been named the Best Construction and Infrastructure Company of the Year in West Africa for the second year in a row. This recognition highlights the firm's continued excellence in the engineering and construction sector.
Mr. Moses Ebosele has announced a high-level lecture to celebrate the 10th anniversary of City Business News Online. The event is set to take place on June 25, 2026.
Fidelity Bank Plc reported a 45.6% increase in gross earnings for the financial year 2025. The bank continues to serve over 9.1 million customers through its extensive digital banking channels and business offices in Nigeria and the UK.
France is investing €23 billion in Africa to strengthen ties with the continent. This initiative was announced during the Africa Forward summit in Nairobi, attended by various leaders and business figures.
Mamae founders discuss the challenges of running a food production company in Nigeria, emphasizing the mental resilience required. They highlight critical questions entrepreneurs should consider before seeking funding.
The Nigeria Fintech Forum 2026 is set to gather over 1,700 stakeholders from the financial services sector. This fifth edition will focus on key issues in finance and regulation.
The informal land market is gaining popularity among real estate investors due to its expediency, flexibility, and affordability. This trend highlights a shift in investment preferences within Nigeria's real estate sector.
The facilities management market is projected to exceed $45 billion by 2030, indicating a positive future. This growth is driven by expanding skylines and evolving commercial districts.
Bisedge Logistics & Infrastructure has successfully raised $20 million to expand its electric fleet across Africa. This funding from Metier Private Equity signals confidence in the potential of African manufacturers.
Fhemfel Homes has successfully transformed off-plan real estate into a wealth-generating opportunity. Their project, El Monte Apartment, showcases the potential of investing in properties before they are built.
Sahara Group has published its 2025 Sustainability Report, highlighting its dedication to responsible energy development. The report emphasizes sustainable business practices across its global operations.
Guinness Nigeria Plc has reported a profit after tax of N10.39 billion for the beginning of the 2026 financial year. The company also declared an interim dividend of N4.38 billion, reflecting its strong operational performance.
Joe Attueyi, Chairman of Ellah Lakes Plc, has reaffirmed the company's dedication to providing long-term value for its shareholders. He also emphasized the company's role in contributing to Nigeria's agricultural development.
Access Bank UK's profits surged by 73.5%, making it the largest earnings contributor for Access Holdings Plc, surpassing Nigeria for the first time. This marks a significant milestone in the bank's international expansion strategy.
Aliko Dangote aims for a $50 billion valuation of his refinery ahead of its listing in Nigeria. This move highlights the growing potential of the Nigerian oil sector.
Investors are re-evaluating First HoldCo following a successful rights issue and improved Q1 earnings. The company's balance-sheet repair is positively influencing market perceptions.
Access Bank UK's subsidiary has become the largest earnings contributor for Access Holdings, surpassing Nigeria for the first time. This marks a significant milestone in the bank's international operations.
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