Economy
Unilever Nigeria’s Profit Surges 20% to N26.4bn, Declares N11.5bn Dividend
Unilever Nigeria Plc has announced a 20% increase in net profit to N26.4 billion for the nine months ended September 30, 2026, as revenue rose to N184 billion.
Business
Startups
NSIA Announces Winners of $275,000 Prize for Innovation
The Nigeria Sovereign Investment Authority (NSIA) has awarded grants and prizes worth a combined $275,000 to innovative Nigerian firms under the fourth edition of its Prize for Innovation.
Honeywell Technologies Unveils New AI Platform at Dangote’s Refinery
American multinational Honeywell Technologies has launched a new AI platform at Dangote Refinery in Nigeria.
OPay Secures $366 Million in New York IPO, Valued at $4.4 Billion – Standard Bank Commits Up to $200 Million
Chinese billionaire Yahui Zhou's Nigeria-focused OPay is seeking $366 million in a New York IPO, valuing the digital payment platform at $4.4 billion.
Markets
Monopoly Allegations Over Day-Old Chick Market in Nigeria: Group Demands Government Intervention Ahead of Christmas
A group has accused big hatcheries of monopolizing the day-old chick market in Nigeria, causing price hikes ahead of Christmas.
Nigeria Secures $50,000 Grant for Biodiversity Projects at CBD COP17
Nigeria is among seven countries to win a $50,000 grant for biodiversity projects at the ongoing CBD COP17 in Kunming, China.
Crime & Justice
Court Halts Eunisell’s Enforcement of 177% Default Charges against Halkin
A Federal High Court in Abuja has barred Eunisell Limited from demanding or enforcing 177% late-payment charges imposed on Halkin Exploration and Production Limited.
Entrepreneurship
Finance Minister Oyedele: Nigerian Businesses Require More Than Loans for Growth
Nigeria's Finance Minister, Taiwo Oyedele, emphasizes that businesses in the country need more than loans to grow. He highlights the importance of patient capital and institutional support.
Billionaire Kessington Adebutu Donates $600,000 Office to Lagos Security Fund
Kessington Adebutu, a Nigerian lottery billionaire, has donated a $600,000 office to the Lagos Security Fund.
Nigeria’s Next Major Export: Intellectual Assets Overtake Oil
A shift in Nigeria's economic focus is on the horizon, as the country prepares to export intellectual assets rather than oil in the future.
Shoprite Plans Comeback: What It Means for Nigerian Retail
In a recent development, South African retail giant Shoprite plans to make a comeback in Nigeria. Here's what this means for the Nigerian retail sector.
NCC Device Checker to Boost Consumer Safety and Service Quality
The Nigerian Communications Commission (NCC) has revealed that its new device checker policy aims to enhance consumer safety and ensure quality service delivery.
Shoprite to Open Neighbourhood Stores Amid Recovery Plan
Nigerian retail giant Shoprite plans to open standalone neighbourhood stores as part of its recovery strategy after facing financial difficulties.
Finance
Large Enterprises Favor Manufacturing and Infrastructure with 80% of Lending – Report
According to a report by the News Agency of Nigeria, 80% of large enterprise lending in Nigeria is directed towards manufacturing and infrastructure projects.
Nigeria and South Korea Strengthen Trade and Investment Relations
Nigeria and South Korea have expressed a desire to enhance their trade and investment ties, following a high-level meeting between the two nations' representatives.