BUSINESS

By Kazeem Ugbodaga The Lagos Lagoon glistened in shades of blue and gold as electric powerboats sliced through the water, cheered on by an ecstatic crowd that lined Victoria Island’s waterfront from Saturday, 3 October to Sunday, 5 October. For two unforgettable days, Lagos became Africa’s capital of clean energy, …

…90% of security chiefs plan to increase their budgets   Nigerian companies anticipate the highest rates of fraud in Sub-Saharan Africa next year. Half (50%) expect to face external fraud and 41% anticipate insider fraud to impact their businesses. The threat of violence toward company executives has jumped in the …

PalmPay, a leading fintech platform and neobank driving financial inclusion in Nigeria, is joining the global celebration of Customer Service Week 2025 under the theme “Mission: Possible.” The theme reflects the dedication of PalmPay’s customer service team, who are committed to turning every user interaction into a success story. As …

Konga, Nigeria’s leading composite e-commerce group, has announced the return of its annual Black Friday sale, Konga Yakata, which is set to go live this November. Widely regarded as the biggest shopping festival in Nigeria, Konga Yakata has, over the years, become a highly anticipated event, attracting millions of shoppers …

Union Bank of Nigeria recently hosted an informal and engaging meet-and-greet session with leading media professionals at The Stallion Plaza, its headquarters in Marina, Lagos. The event, held at SpaceNXT, the Bank’s purpose-designed co-creation hub for innovators and creators, was conceived as a relaxed platform to foster personal connections and …

Lagos-based private equity firm Verod Capital has divested its stake in Tangerine APT Pensions, one of Nigeria’s leading Pension Fund Administrators (PFAs). The shares were acquired by APT Securities and Funds Limited, a Nigerian firm specializing in financial advisory, asset management, and securities trading. Verod Capital, which focuses its investments …

Tier one Lender, Fidelity Bank Plc, has announced its readiness to begin the disbursement of funds under the National Credit Guarantee Company (NCGC) N5 billion Credit Intervention Scheme. The initiative is designed to expand access to finance for Micro, Small and Medium Enterprises (MSMEs), as well as businesses owned by …

Farm for Health Africa (FHA) has announced the African Agro-Health and Export Readiness Conference 2025, to be held on Thursday, 30th October in Lagos, Nigeria, with the theme: “Advancing Africa’s Health and Global Trade through Scalable Agro-Health and Export Standards.” Farm for Health Africa said the partnership with NICERT and …

PalmPay, Nigeria’s leading digital banking platform, has been recognised with the prestigious Consumer-Friendly Business of the Year 2025 Award at the Lagos State Consumer Protection Agency’s (LASCOPA) annual Consumer Service Week and Awards Ceremony, held on Tuesday, September 30, 2025, at Adeyemi Bero Hall, The Secretariat, Alausa, Ikeja, Lagos. The …

The Central Bank of Nigeria (CBN) has moved aggressively to sanitize the country’s burgeoning Point-of-Sale (PoS) network, announcing a comprehensive overhaul of the agent banking system through 13 new strict directives. The key actions—the introduction of a stringent ₦1.2 million daily transaction limit for agents and mandatory monthly activity reporting …