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The Transmission Company of Nigeria (TCN) has dismissed allegations of limitations in the transmission grid. They assert that the national grid can handle 8,700MW, which exceeds current demand.
Zedvance plans to triple its lending following a significant N120 billion disbursement to SMEs. This strategic shift aims to enhance support for small and medium enterprises in Nigeria.
BUA Group has denied any involvement in a viral AI-generated video featuring its Chairman, Abdulsamad Rabiu, promoting a fraudulent investment scheme. The company has issued a warning to the public regarding this misleading content.
Sycamore Integrated Solutions Limited has successfully issued N6.89 billion in Commercial Papers on the FMDQ Exchange. This move enhances their access to short-term capital, supporting their financial growth.
ALTON contends that the NBS's Capital Importation Report for Q1 2026 underrepresents the actual investment in Nigeria's telecommunications sector. The association is advocating for a more accurate reflection of the sector's financial contributions.
Payaza Africa has achieved an 'A' credit rating from several agencies, indicating strong financial health. This milestone enhances its reputation and reflects growing confidence in the company.
ARM-Harith Infrastructure Investments Limited plans to raise $200 million to support infrastructure projects in Sub-Saharan Africa. This initiative aims to enhance critical infrastructure in the region.
BAT Nigeria has urged for better implementation of industrial policies to enhance manufacturing growth in Nigeria. The company believes that the key challenges in the sector stem from execution rather than the policies themselves.
FCMB Group Plc has reported a remarkable 137% increase in profit after tax, reaching N76.53 billion in the first quarter. This growth is attributed to a significant rise in interest income.
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Abbott Diagnostics is set to launch an HIV test kit project despite facing a $186 million court injunction. The situation has escalated tensions with Acouns, which is contesting Abbott's termination of their distribution agreement.
Bubble Up has launched a new beverage can line in Nigeria, featuring four flavors. The initiative, in partnership with Planet Bottling Company, aims to enhance social experiences with its sleek can designs.
Accion Microfinance Bank has successfully repaid its N2 billion Series 1 Commercial Paper issuance. This marks a significant achievement for the bank in the financial sector.
Food delivery startup Swoop is launching its services in Lagos as part of its expansion plans across Africa. This move highlights the growing potential of Nigeria's market for innovative delivery solutions.
Mshel Homes has been awarded Property Development Company of the Year at the ARE Awards 2026 for the second year in a row. This recognition highlights the company's leadership in Nigeria's property development sector.
Sahara Group has expanded its recycling facility in partnership with the Nasarawa State Waste Management Authority. This initiative aims to promote community-driven sustainability solutions in Nigeria.
Nigerian entrepreneur Abdulsalam discusses his initiative to create free cybersecurity tools for British organizations. He highlights the vulnerabilities faced by small firms and civil society groups due to structural failures.
Heirs Energies, led by Tony O. Elumelu, has secured global recognition for a US$750 million financing deal. This achievement highlights the potential of African institutions to mobilize capital for energy security and resource development.
The NUPRC is collaborating with the NNRA to enhance radiological safety and reduce costs in oil and gas operations. This partnership aims to improve efficiency within the sector.
Ecowaka has partnered with GreenMax Capital to improve funding for electric three-wheelers in Nigeria. This collaboration aims to enhance access to clean transport solutions in the country.
TAJ Bank has successfully retained its position as Nigeria's leading non-interest bank, excelling in both assets and profit. This achievement underscores its growth and commitment to ethical banking practices.
BusinessDay published an article on June 8, 2026, highlighting key developments in various sectors. The report aims to provide insights into the current economic landscape.
The Supreme Court has reinstated Nestoil and Neconde's control, countering actions by international lenders. The lenders plan to challenge this ruling in court in June 2026.
MTN Nigeria has refuted ongoing allegations from subscribers regarding unexplained mobile data depletion. The company maintains that there is no manipulation involved in data usage.
Heirs Energies Limited has secured a $750 million financing deal, recognized as the top oil and gas deal of the year. This achievement highlights the firm's growing influence in the energy sector.
Dangote Cement Plc is enhancing transportation safety by implementing AI-driven solutions and telematics systems. These initiatives aim to improve road safety and transport management within the company.
Experts are advocating for a collaborative approach between the private and public sectors to maximize the benefits of the National Industrial Policy. This initiative aims to enhance business resilience in Nigeria.
Massimo De Luca emphasizes the importance of Nigeria and Europe forming lasting investment partnerships. The 10th Nigeria–EU Business Forum is set to take place in Lagos on June 25, 2026.
Commissioner Ayo Olusegun Omosehin highlights the critical role of insurance for traders and transporters in Nigeria. He emphasizes that insurance is essential not just for large corporations but for all sectors of the economy.