Tag: Nigeria business news

Nigeria’s SMEs face N48tn financing gap despite stronger banks, report warns

Business Damilola Bayonle -
Nigeria’s small and medium-sized enterprises (SMEs), widely regarded as the backbone of the economy, are grappling with a massive...

Oonirisa launches Ojaja drinks with multiple flavours in bold FMCG market entry

Business Damilola Bayonle -
Oonirsa officially releases the first set of flavours of Ojaja drinks and beverages to hit market Oonirisa officially releases the...

Naira under pressure again as dollar supply crunch hits FX markets

Business Damilola Bayonle -
Naira Weakens as FX Supply Constraints Persist Across Markets Nigeria’s currency market came under renewed pressure last week as the...

Elumelu becomes Seplat’s largest shareholder in landmark, $496m Deal

Business Damilola Bayonle -
The transaction through which Elumelu becomes Seplat’s largest shareholder underscores a carefully structured long-term investment strategy aligned with Heirs...

Nigeria telecom sector FDI hits $991m as digital investments surge

Business Damilola Bayonle -
Nigeria’s telecommunications industry has continued to demonstrate its strategic importance to the national economy, attracting an estimated $991 million...

Stock Market Loses N516bn, Ends Weeks-Long Bullish Streak

Business Damilola Bayonle -
The Nigerian equities market closed the week on a sour note, shedding a massive ₦516 billion in market capitalisation...