Live intelligence from 10+ verified Nigerian and UK sources
Shell and nine banks have launched a $3 billion fund aimed at supporting Nigerian oil service companies. This initiative is expected to empower local contractors and enhance local content in the oil and gas sector.
BusinessDay has reported on various developments occurring on July 3, 2026. The details of these developments are available in their latest edition.
Segilola Resources is committed to responsible mining and sustainable development, showcased at AFNIS 2026. Their participation highlights a positive shift towards sustainable practices in Africa's mining sector.
Niger State Government has allocated 500 hectares of land to Abuja Steel Mills Limited for a solar energy project and industrial development. This initiative aims to boost local industry and renewable energy in the region.
Ibom Air has expanded its services to include regional connectivity, enhancing travel options for passengers. This marks a significant milestone for the state-owned airline since its inception in 2019.
Beta Glass Plc reported a revenue of N37.5 billion for Q1 2026 and has reorganized its board of directors. The company is also planning investments in manufacturing technology and sustainability initiatives.
The Nigerian Ports Authority and the Association of Nigerian Licensed Customs Agents are collaborating to tackle congestion on the Apapa and Tincan port access roads. This partnership aims to enhance the ease of doing business in the region.
NOG Energy Week 2026 has commenced with a seminar focused on Nigerian content in the oil and gas sector. The sector has seen a significant increase in local participation, rising from below 5% to over 61% since the 2010 NOGICD Act.
Dangote Cement Plc has received shareholder approval for a secondary listing on the London Stock Exchange and a substantial dividend payment of N753.8 billion. This move aligns with the company's expansion strategy and reflects strong shareholder support.
Nigeria and China are enhancing their partnership in exports and energy, with additional collaborations in AI, healthcare, and agriculture. This development signals a strengthening of bilateral ties between the two nations.
Otudeko's Honeywell Group affiliate has acquired a 14% stake in Ikeja Hotel, valued at over N13.5 billion. This investment highlights the group's continued expansion in the hospitality sector.
President Tinubu inaugurates a lithium facility in Nasarawa, emphasizing the need for Nigeria to develop local industries. This initiative aims to create jobs and enhance the country's role in the global clean energy market.
Dangote Refinery has reduced the price of PMS by N200 per litre, reflecting its ability to absorb global oil price fluctuations. This move indicates a trend of continued price adjustments in the fuel market.
The article emphasizes the difference between earning a salary and being recognized for one's true value. It suggests that exceeding expectations can lead to greater opportunities in the future.
Transcorp Hotels has celebrated the graduation of its 16th cohort from the Women's Business Empowerment Programme. This initiative reinforces the company's commitment to empowering women and fostering inclusive growth.
eTranzact Plc emphasizes the importance of digital payments in enhancing tax administration and public service delivery. CEO Niyi Toluwalope shared these insights at the Nigeria Employers' Summit.
Nigerian gamblers are increasingly looking for more than just basic sign-up bonuses, with a significant preference for online and app-based sports betting. Research indicates that a majority of bettors desire real-time betting options during games.
Tim Motors Nigeria is set to launch electric vehicle service stations in major cities to tackle after-sales issues. This initiative aims to enhance the support for EV users across the country.
The new president of the Chartered Insurance Institute of Nigeria, Akinjide Orimolade, plans to focus on technology and mandatory insurance in his administration. His approach aims to enhance the insurance sector's efficiency and compliance.
GEN Nigeria and Tripoint Travel have launched the GEC+ Africa Regional Competition Community to foster entrepreneurship. This initiative aims to enhance business opportunities for participants across the region.
Forvis Mazars and the Franco-Nigerian Chamber of Commerce and Industry hosted a CFO luncheon in Lagos. The event focused on the African Continental Free Trade Area and cross-border investment opportunities.
UBA has launched a Pan-African campaign for environmental sustainability, engaging thousands of employees in a clean-up exercise across 20 countries. This initiative showcases UBA's commitment to promoting wellness and environmental responsibility.
The US and Nigeria are set to enhance their trade and investment relations as America celebrates its 250th independence anniversary. This partnership highlights Nigeria's importance as a key economic ally for the United States in Africa.
The Court of Appeal has ruled that post-dated cheques do not qualify as advance payments for insurance premiums. This decision clarifies the legal standing of such financial instruments in insurance transactions.
The Lagos Chamber of Commerce and Industry is requesting a one-month extension for the Company Income Tax filing deadline due to technical issues. They are also advocating for a waiver of penalties related to these delays.
Nigerian businesses are urged to invest more in their workforce to unlock growth potential. This investment is seen as a crucial opportunity that many are currently missing.
BusinessDay Nigeria celebrates its 25th anniversary, with the Mayor of Housing emphasizing the newspaper's role in enhancing business coverage. He challenges the publication to transform Nigeria's business narrative from negative to positive.
Stakeholders are calling for a new competitive bidding process for the $243 million Amukpe–Escravos Pipeline investment. This move opposes previous efforts to revive an earlier bidding approach.
Heirs Energies has launched an Integrated Operations Monitoring Centre at OML 17 to improve real-time digital monitoring and operational efficiency. This initiative aims to enhance productivity in the oil sector.
Nigerian shipowners express cautious optimism as the Cabotage Vessel Financing Fund (CVFF) moves into its implementation phase. This development is seen as a positive step for the maritime industry.