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Tony Elumelu’s Seplat Investment Surpasses $1 Billion in Value
Tony Elumelu's $500 million bet on Seplat Energy has more than doubled to over $1 billion in under eight months, a rally that has made Seplat the firs...
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Guinness Nigeria’s Profit Surge Signals a Stronger Brand Recovery
Guinness Nigeria's profit after tax jumped 53 percent to ₦25.3 billion for the year ended June 2026, capping a two-year turnaround under Tolaram...
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Inactive Companies Winning Government Contracts Raise Fresh Business Questions
Five companies flagged as "inactive" on Nigeria's Corporate Affairs Commission portal collected ₦2.6 billion in federal contracts and payments within...
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Otedola’s FirstHoldCo Stake Increase Signals a Bigger Investment Strategy
Femi Otedola has spent roughly ₦412 billion buying First HoldCo shares in 2026 alone, pushing his stake to 27.49 percent and reviving questions about...
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ArketData’s Food Pricing Platform Could Transform Nigeria’s Grocery Market
As food inflation surged to 20.31 percent in July 2026, ArketData is building a real-time price-tracking platform covering over 100 Nigerian food comm...
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Nigeria’s EV Ambitions Face a Major Test as Charging Infrastructure Falls Behind
Nigeria approved tax waivers for nearly 4,000 electric vehicles in H1 2026 and is pushing local EV assembly through companies like Saglev, MAX, and S...
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Julius Berger’s Innovation Push Could Reshape Nigeria’s Construction Industry
Through its sponsorship of the Enactus Nigeria Innovation Challenge, its record 2025 financial results, and a widening set of sustainability commitmen...
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AXA Mansard’s H1 Profit Growth Signals a Stronger Future for Nigeria’s Insurance Market
AXA Mansard grew profit after tax 14% to ₦7.8 billion in the first half of 2026 and confirmed its capital position meets Nigeria's new recapitalisati...
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FX Volatility and Softer Consumer Spending Are Putting Nigeria’s Electronics Retailers Under Fresh Pressure
Retailers selling smartphones, televisions, laptops, and home electronics are contending with higher import costs, exchange rate uncertainty, and more...
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Aradel Holdings’ Expansion Plans Are Reinforcing Confidence in Nigeria’s Indigenous Energy Sector
Aradel Holdings is attracting attention for its continued investment across upstream production, processing infrastructure, and energy related assets,...
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Fidelity Bank’s SME Digital Banking Strategy Could Intensify Competition for Nigeria’s Small Businesses
Fidelity Bank is expanding its focus on digital banking tools, merchant services, and SME focused financial solutions as competition intensifies for N...
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Fuel Costs and Regulatory Pressure Are Creating New Challenges for Nigeria’s Ride-Hailing Brands
Nigeria's ride hailing market is facing renewed operational challenges as fuel costs, vehicle maintenance expenses, driver income concerns, and evolvi...
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LevvyBox Turns Lagos Gridlock Into a Growing Advertising Business
LevvyBox has built a genuinely clever business out of one of Lagos' most universal frustrations: traffic. Co founded by Olamigoke Kumuyi alongside Goo...
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PartyVerse Wants to Be the One App for Nigeria's Entire Event Economy
PartyVerse has emerged as one of the more talked about young startups in Nigeria's tech scene heading into 2026, and its speed of arrival is part of w...
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Qoray Bets on Electric Motorcycles as Nigeria's EV Incentives Finally Kick In
Qoray Mobility has positioned itself among the small group of Nigerian companies betting that two wheelers, not cars, will be where electric mobility...
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Rigo Wins Renew Capital Spot, Putting Healthcare Fintech on Africa's Embedded Finance Radar
Rigo has secured a place among Africa's most selective embedded finance cohorts this year, earning selection into Renew Capital's inaugural Embedded F...
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Swap Is Betting Nigeria's Keke Riders Don't Need to Buy a New Vehicle to Go Electric
Swap has built its entire business around a stubborn insight about Nigeria's three wheeler economy: most electric mobility startups are trying to sell...
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Zyvoltis EV Bets Nigeria's Charging Gap Is the Real Business Opportunity, Not Just the Cars
Zyvoltis EV has taken a different starting point than most Nigerian companies chasing the electric vehicle wave. Rather than trying to sell cars into...
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