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Nigerian Businesses in the News
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Greenwich Bank Opens Three Lagos Branches As New Bank Begins Operations
Greenwich Bank has commenced commercial banking operations in Nigeria, commissioning three branches in Ikoyi, Victoria Island and Surulere as it trans...
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Nigeria's Banks Face New Pressure From Data Localisation Rules
Nigerian banks and major fintechs are preparing for new data localisation requirements taking effect January 1, 2027, a regulatory shift that goes far...
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Johnvents Targets ₦80bn To Finance Nigeria's Cocoa Harvest
Johnvents Industries is seeking to raise up to ₦80 billion through a commercial paper issuance to fund bulk cocoa purchases as Nigeria enters its main...
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Lagos Life Hits 1 Million Players As Nigerian Game Goes Viral
A browser-based multiplayer game built by Nigerian developer Ijeoma Shalom Rayhamen has crossed 1 million players within days of launching, turn...
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Industrial Cleaning for Oil and Gas Companies in Nigeria:
Oil and gas operations require more than routine housekeeping. Oil, grease, drilling mud, hydrocarbon residues, dirt and industrial deposits can build...
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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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Emerging Businesses, Brands and Business Store
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Milsat Powers Nigeria's New Digital Postcode System After Mapping 65m Properties
Milsat Technologies has emerged as the geospatial backbone behind one of Nigeria's most ambitious digital infrastructure projects in years: a new Nati...
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Drive45 Secures $3m To Expand Rent-To-Own Cars Across Nigeria
Drive45 has secured a substantial debt facility to push its rent to own vehicle model beyond its current footprint and into more of Nigeria's major ci...
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Ororo Waste Raises $1m To Build Nigeria's Used Cooking Oil Network
Ororo Waste Management, whose name draws from the Yoruba word for cooking oil, has secured fresh capital to expand what is quickly becoming formal inf...
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FuelMyHustle Launches Platform Helping Nigerians Fund Their Big Ideas
FuelMyHustle has officially launched in Nigeria, built around a simple founding philosophy captured in its own tagline: "Belief shouldn't stop at enco...
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ProTaxi Launches Electric Ride-Hailing Service In Nigeria's Capital
ProTaxi has officially entered Nigeria's ride hailing market, launching operations in Abuja on October 1, 2026 as an electric vehicle powered alternat...
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LotGrids Builds Nigeria's New EV Charging Network As Electric Cars Grow
LotGrids has entered Nigeria's nascent electric vehicle infrastructure space barely weeks after officially registering, and its early traction already...
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