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Startup leaders in Lagos convened to discuss funding challenges and share strategies for building sustainable businesses. The event, called Founders Rant, aimed to foster collaboration among entrepreneurs.
LBIC, a Lagos mortgage lender, reports a 43% profit increase to N1.65 billion for 2025. The company is also expanding its loan portfolio and planning for capital growth.
CFAO Mobility Nigeria is increasing its investments in electric vehicles and compressed natural gas options. This move is aimed at aligning with current market trends.
GMYT Fashion Academy has inducted 21 emerging entrepreneurs, showcasing its commitment to nurturing talent. This initiative aims to promote socio-economic development through fashion and enterprise.
Sovereign Trust Insurance Plc has successfully completed the restructuring phase of its N5 billion Rights Issue capital raise. This marks a significant step in its recapitalisation plan.
Despite a challenging economic environment, MTN and Airtel are showcasing positive developments in the telecom sector. This highlights a rare instance of good news amidst broader negative indicators.
Redrick Public Relations has been nominated as a finalist in two categories at the 2026 SABRE Awards EMEA. This recognition highlights the firm's excellence in the communications industry.
US hotel bookings for the upcoming World Cup are significantly lower than anticipated, according to a business group. With only a month left before the tournament, this trend raises concerns for the hospitality industry.
Moniepoint CEO Eniolorunda's comments on Nigeria's talent gap have sparked mixed reactions. He highlighted how environmental factors influence intelligence and cultural issues affecting youth.
President Tinubu is actively engaging with global investors in Paris to discuss Nigeria's economic reforms. The government aims to translate these reforms into tangible benefits for the Nigerian populace.
Dangote Cement Plc achieved a remarkable 71.6% increase in exports during the first quarter of 2026. The company's production capacity has now reached 55 million metric tons annually.
The African CEO Leadership Forum in Lagos has garnered support from major organizations including the African Union and the AfDB. This backing is expected to enhance leadership development across the continent.
Ibom Air has started international flights from Uyo, enhancing connectivity for the region. Governor Eno has appointed an aviation adviser to support this new initiative.
UnwindFest, organized by YellowLyfe, will bring together founders and business leaders in Lagos to discuss challenges faced by startups in Nigeria. The event aims to foster dialogue and solutions for improving startup survival rates.
Kled AI has removed its app from the Nigerian App Store due to a high percentage of fraudulent data. The founder reported that 94.2% of a sample from Nigeria was found to be fake or altered.
Jim Ovia has stepped down as chairman of Zenith Bank after a successful decade, during which the bank's valuation surpassed N5 trillion. His leadership has significantly contributed to the bank's growth and prominence in the financial sector.
Aviation ground handlers in Nigeria have issued a three-day ultimatum to airlines regarding unpaid debts. This threat could lead to significant disruptions in airport operations and passenger services if not resolved promptly.
emPLE Nigeria has reported claims payouts exceeding N7 billion for the fiscal year 2025. This highlights the company's growth and commitment to its policyholders.
Air Peace has successfully replaced the aircraft involved in the Gatwick–Lagos flight disruption. The airline also provided accommodation for affected passengers, ensuring their comfort during the incident.
Optimus Bank Limited is experiencing rapid balance sheet growth due to its strong liquidity position. This development highlights the bank's ability to consolidate its financial standing in the Nigerian market.
Samuel Ndubuisi-Brown, CEO of Browncon, has been recognized as one of Africa's 100 Most Influential Leaders. This accolade highlights his impact in the business sector across the continent.
Engr Mustafa Bello has been appointed as the new Chairman of Zenith Bank, succeeding his role as a non-executive director. This leadership change is expected to influence the bank's strategic direction moving forward.
Zenith Bank Plc has appointed Mustafa Bello as the new chair following the retirement of founder Jim Ovia. This leadership change marks a significant transition for the bank as it moves forward under new guidance.
Zenith Bank has appointed Mustafa Bello as the new Group Chairman following Jim Ovia's retirement. Bello brings extensive leadership experience and a strong grasp of corporate governance to the role.
Nigerian banks are entering the N400 billion market previously dominated by telecom companies by offering 2.95% loans for airtime and data. This move marks a significant shift in the competitive landscape of financial services in Nigeria.
Jim Ovia has retired as the Chairman of Zenith Bank, with Mustafa Bello succeeding him. Bello was previously a non-executive director at the bank.
Eight entrepreneurs are revolutionizing Nigeria's event industry, enhancing standards across various sectors. Their innovative approaches are contributing to the growth of this multi-billion naira market.
NNPC Ltd has signed a Memorandum of Understanding with two Chinese firms to restart and expand the Port Harcourt and Warri refineries. This partnership aims to enhance Nigeria's refining capacity and operational efficiency.
Linda Uneze has organized the Doing Business in Nigeria Conference (DBNC) 2026 to focus on capital, collaboration, and enterprise growth. This initiative aims to foster dialogue among stakeholders in the Nigerian business landscape.
OmniRetail is launching OmniOne, enhancing its commerce platform into a comprehensive trade ecosystem. This expansion aims to improve goods movement and data visibility in the market.