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Cascador has invested over $5 million in seven Nigerian startups to support their growth initiatives. This funding was announced during the 2026 Pitch Day event, highlighting the potential of these businesses.
Abbey Mortgage Bank has received approval from the Central Bank of Nigeria to operate as a commercial bank. The bank plans to commence operations in the fourth quarter of 2026.
BUA Cement has achieved the highest profit growth among Nigeria's cement manufacturers in the first quarter, surpassing Lafarge and Dangote. This marks a significant milestone for BUA Cement in the competitive market.
i-invest has launched a new feature offering asset-backed loans, enhancing its digital investment platform. This move aims to make investing more intuitive and accessible for users in Nigeria.
NCR Nigeria Plc has reported a return to profitability in its 2025 financial statement, ending a streak of four consecutive years of losses. This positive turnaround reflects improved financial health for the company.
SustyVibes, a Nigerian sustainability organization, is seeking $250,000 in investment to expand its operations into Ghana, the UK, and the US. This move aims to enhance its impact in the sustainability sector across these regions.
FCMB supports the launch of the National Youth in Agribusiness Land Trust Fund, a collaboration between the Federal Ministry of Youth Development and the IITA. This initiative aims to enhance land access for youth and promote agribusiness opportunities.
TGI Group and Wilmar International have partnered to create a $12 billion food and agriculture collaboration in Nigeria and Benin. This initiative aims to cater to the growing consumer market in the region.
Support is increasing for Nigeria's goal to become a prominent global arbitration center. Stakeholders believe this initiative will help attract international commercial disputes to the country.
Nigeria's aviation sector is experiencing a crisis as operators and regulators are in conflict over unpaid statutory charges amounting to billions. This dispute highlights ongoing financial challenges within the industry.
Grenada has launched a visa-free entry policy for Nigerians to attract investors and professionals. This initiative aims to create new opportunities in sectors like healthcare, agriculture, and real estate.
BusinessDay highlights significant developments in Nigeria's business landscape as of June 5, 2026. The report covers various sectors and their impact on the economy.
Dangote Petroleum Refinery has successfully ramped up its processing capacity to 700,000 barrels per day. The company aims to become the world's leading refinery by 2028, attracting buyers from Europe.
The BATN Foundation has granted N25.5 million to support 17 graduate agripreneurs, promoting youth entrepreneurship in agriculture. This initiative aims to enhance agricultural development in Nigeria.
UBA is enhancing Africa's global connections through various initiatives as the continent rises in commerce and culture. The bank's commitment reflects its role in fostering innovation and collaboration across Africa.
Greenwich Holdings Limited is set to expand into retail banking after reporting a 71.3% increase in profits for 2025. The company also aims to strengthen its position in the capital market.
The IFC and NGX Group have launched the Nigeria Gender Programme to promote gender equality and leadership in the private sector. This initiative aims to drive economic growth in Nigeria.
IATA and ICAO are enhancing their collaboration to promote sustainable aviation fuel initiatives. This partnership aims to improve transparency and integrity in tracking progress within the aviation sector.
United Nigeria Airlines has gifted passengers with Samsung Galaxy phones as part of its promotional campaign. This initiative aims to enhance customer experience and loyalty.
Mitchell Elegbe, CEO of Interswitch Group, has been re-appointed to the global jury for the 2026 Ernst & Young awards. He is the only entrepreneur from Africa on this prestigious panel.
Diageo's partnership with AMVCA is reshaping the creative landscape in Africa, highlighting the importance of creativity in business. This collaboration is set to change narratives and boost the creative industry across the continent.
Maritime industry stakeholders in Nigeria have called for improved safety and cleanliness in ports during the 2026 Dockworkers Day events. They emphasized the need for greater investment in workers' welfare and training.
FCMB supports the launch of the National Youth in Agribusiness Land Trust Fund, aimed at empowering young Nigerians in agriculture. This initiative is a collaboration between the Federal Ministry of Youth Development and the International Institute for Tropical Agriculture.
Maximedia is evolving its strategies while staying true to its core vision, according to Managing Director Femi Adefowokan. The company is adapting to changing consumer habits and expectations after fifteen years in the media and marketing industry.
The Federal Government has awarded the African Quality Mark to 131 Nigerian companies for 220 products, enhancing their competitiveness under the AfCFTA. This initiative aims to boost local businesses and promote quality standards in Nigeria.
The Nigerian Railway Corporation plans to increase ticket prices for both passenger and freight services. This decision is in response to rising operational costs, particularly due to surging fuel prices.
FCMB has partnered with the Federal Government and IITA to launch the National Youth in Agribusiness Land Trust Fund. This initiative aims to enhance land access and financing for young Nigerian agribusiness entrepreneurs.
APRA and NAMPA have signed a Memorandum of Understanding to co-organize an effective communicators conference in Namibia. This partnership aims to enhance communication strategies in the region.
Dangote Petroleum Refinery has successfully increased its crude processing capacity to 700,000 barrels per day. This achievement marks a significant milestone in its expansion plans.
Dangote Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day, exceeding its previous capacity of 650,000 bpd. This enhancement is a significant milestone for the refinery's operations.