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Nigerian Businesses in the News
Nigerian Business Spotlight
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CBN Tightens Scrutiny Of Nigerian Banks’ Offshore Investments
The Central Bank of Nigeria is tightening enforcement of its existing rule capping banks' investments in offshore subsidiaries and ventures at 10% of...
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Ardova Moves Into CNG With Powergas Acquisition Deal
An Ardova Plc-led consortium including Diadem Energy has agreed to acquire 100% of Powergas, one of Africa's largest CNG producers, with Ardova targe...
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Tomato Jos Secures $2.5m To Expand Nigeria’s Local Tomato Processing
Tomato Jos has secured a $2.5 million convertible-note investment through the EU-funded AgriFI programme, capital that will fund factory upgrades, pac...
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Fuel Stations Face Licence Risk As Nigeria Moves Against Under-Dispensing
The NMDPRA has ordered every filling station in Nigeria to immediately calibrate and verify their dispensing pumps and totalisers, warning that persi...
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MKH Properties Secures ₦30bn Funding As Nigerian Real Estate Expansion Accelerates
MKH Properties has formally signed a ₦30 billion Commercial Paper Programme, backed by dual credit ratings, marking one of the more significant capita...
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Manufacturing Africa Helps 23 Nigerian Firms Secure $630m in New Investment
A UK-backed investment programme has helped 23 Nigerian manufacturing businesses secure more than $630 million in new investment, supporting or creat...
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Keystone Bank’s KBL Insurance Stake Sale Reshapes Financial Market
Keystone Bank is seeking regulatory approval to sell its 66.54% controlling stake in KBL Insurance to Bethel V Limited, a transaction that would end d...
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FilmOne Takes Nigerian Cinema Global With New TIFF Selection
FilmOne Entertainment has been selected as one of only six African buyers for the inaugural TIFF: The Market, the sole Nigerian company in the cohort...
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Dangote Refinery IPO Opens New Chapter For Nigerian Investors
Dangote Petroleum Refinery IPO opened on September 14 with 4.1 billion ordinary shares priced at ₦525 each, targeting roughly ₦2.15 trillion, and the...
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₦1.5 Trillion Debt Puts Nigeria’s Electricity DisCos Under Fresh Pressure
Nigeria's electricity distribution companies are under renewed regulatory pressure after the Nigerian Independent System Operator rejected their debt...
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APM Terminals’ $2.5 Billion Badagry Port Deal Could Transform Nigeria’s Maritime Trade
APM Terminals has signed a Memorandum of Understanding committing it to exclusive negotiations over the long-delayed Badagry Deep Seaport, a proposed...
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Nomba's $3 Million Funding Could Accelerate Africa-Asia Payment Expansion
Nigerian fintech Nomba has secured a $3 million debt facility from CardinalStone Finance to expand its cross-border payments infrastructure out of the...
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"Kuda app is one of the best financial app so far"
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Emerging Businesses, Brands and Business Store
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Thally Launches Publicly, Already Live in 100+ Workspaces Across Four Continents
Thally has moved from a quiet August beta into a full public launch in September 2026, and its early adoption numbers suggest the problem it targets i...
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Sendly AI Grows From Simple Email Generator Into Full Email Infrastructure Stack
Sendly AI launched in 2026 with a straightforward pitch: let anyone describe an email's purpose and have AI generate a professional, ready to send mes...
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Squegy Launches, Betting Nigeria's Artisan Economy Is Ready to Move Off WhatsApp
Squegy has officially entered Nigeria's crowded but largely informal artisan services market, launching its digital marketplace and positioning itself...
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Swoop Raises $7.3M, Signs Up 20,000 Lagos Users in Six Weeks
Swoop has moved fast since entering Nigeria's already crowded food delivery market, and the early numbers suggest its asset-light approach is resonati...
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UfarmX Wants to Be the Equifax of African Agriculture, and It's Already Facilitated $6.8M Betting on It
UfarmX has quietly built one of the more structurally interesting agritech businesses on the continent, and its own origin story explains why the comp...
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AirSmat Lands Village Capital Backing to Commission Its Biochar Fertiliser Factory
AirSmat has secured a slice of fresh capital aimed at pushing the company from pilot scale operations into full commercial manufacturing. The startup...
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