featured Archives - SME BusinessHub

BUA Foods, Led by Abdul Samad Rabiu, Record $610 Million Revenue with a Remarkable 74% Growth in 2023

NigGalFebruary 5, 2024February 5, 2024

BUA Foods Plc, a prominent food conglomerate under the BUA Group and predominantly owned by Nigeria’s second-richest man, Abdul Samad Rabiu, has announced an exceptional...

Appointments

Otedola Appointed Board Chairman of FBN Holdings

NigGalFebruary 2, 2024February 2, 2024

Billionaire investor, Femi Otedola, has been named as chairman of FBN Holdings Plc, the financial institution’s management announced on Wednesday. Otedola succeeds the outgoing Chairman of...

Entrepreneurship

Core DAO Launches African Innovation Fund: Empowering Web3 Builders with $5 Million Cash Prize!

NigGalJanuary 30, 2024January 30, 2024

Explore the groundbreaking African Innovation Fund by Core DAO, offering resources and networks to support local Web3 projects across Africa. Dive into the vibrant web3...

Event, Arts and Entertainment Music

A Decade of Brilliance: MTN Foundation-backed ‘Saro, The Musical’ Lights Up Lagos in Celebration of Nigerian Culture.

NigGalJanuary 24, 2024January 24, 2024

In a dazzling display of artistic prowess, the Terra Kulture Theatre in Victoria Island, Lagos, was aglow on December 23, 2023, as the celebrated Nigerian...

Entrepreneurship

Dangote Refinery: Africa’s biggest diesel, aviation fuel refinery Starts Production.

NigGalJanuary 15, 2024January 15, 2024

Africa’s biggest diesel and aviation fuel refinery built by the continent’s richest man has started production, the company said on Saturday, calling it a “big...

Entrepreneurship

MAKA, Nigerian Social Commerce Startup, Secures $2.65 Million in Pre-Seed Funding for Scaling Operations.

NigGalJanuary 11, 2024January 11, 2024

Founded by CEO Diana Owusu-Kyereko in 2021, MAKA is an interactive social commerce platform which, through live try-on hauls, reviews, and user-generated content from both creators and...

Finance

Access Holdings and First Bank of Nigeria Holdings Surpasses N1 Trillion Market Capitalization on the Nigerian Exchange.

NigGalJanuary 11, 2024January 11, 2024

Access Holdings Plc and the First Bank of Nigeria Holdings have crossed N1tn market capitalisation at the close of Tuesday’s trading on the Nigerian Exchange...

Brands

Transcorp, Chams, CWG post over 700% return on Investment.

NigGalJanuary 8, 2024January 8, 2024

It was a harvest of capital gains for the shareholders of Transcorp Hotels Plc, Chams Holding Company Plc and CWG Plc, as they led the...

Featured Finance

Stock market investors gain N2.7trn in one week.

NigGalJanuary 8, 2024January 8, 2024

The Nigerian stock market recorded an impressive start in the first trading week of 2024, with investors gaining N2.7 trillion from their investment in the Nigerian...

Nollywood, Movies

A Tribe Called Judah’ Achieves Record-Breaking N1 Billion Box Office Revenue.

NigGalJanuary 7, 2024January 8, 2024

Since its release on December 15, 2023, ‘A Tribe Called Judah’ has consistently shattered records, marking historic achievements in Nollywood’s realm. Within three weeks of...

Appointments

Co-Creation Hub Appoints Ojoma Ochai As Managing Director

NigGalDecember 15, 2023December 15, 2023

Africa’s largest innovation centre, Co-creation Hub (CcHUB), has appointed Ojoma Ochai as its new Managing Director. This decision comes as former CEO Bosun Tijani transitions commendably to...

Entrepreneurship

Application for $10m Web3 Business Grant Program Portal Open – Apply Now.

NigGalDecember 12, 2023December 12, 2023

Powering Web3 Fuse has created a tailored ecosystem and infrastructure to meet businesses’ specific needs, guaranteeing efficiency and reliability. We provide grants to advance Web3...

Sports

Victor Osimhen and Asisat Oshoala clinch top honours at CAF Awards 2023.

NigGalDecember 12, 2023December 12, 2023

Nigerian football sensations Victor Osimhen and Asisat Oshoala emerged as the African Men’s and Women’s Players of the Year at the prestigious CAF Awards 2023...

Brands

Dangote Refinery Receives Its Maiden Crude Cargo.

NigGalDecember 8, 2023December 8, 2023

In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote (www.Dangote.com) Petroleum Refinery and Petrochemicals plant has purchased 1...

Press Releases

Ngozi Okonjo-Iweala And Mo Abudu Listed Among Forbes’ 100 Most Powerful Women.

NigGalDecember 7, 2023December 7, 2023

Currently, Abudu and Okonjo-Iweala are producing the documentary series, Black, Brilliant and Bold for Netflix. The Director-General, World Trade Organization, Ngozi Okonji-Iweala, and media mogul,...

Sports

Victor Osimhen Clinches Footballer of the Year at AIC Oscar del Calcio Awards 2023.

NigGalDecember 7, 2023December 7, 2023

Victor Osimhen, the electrifying forward from both Super Eagles and Napoli, continues his triumphant run by clinching the prestigious 2023 Footballer of the Year accolade...

Prizes & Awards

Afreximbank’s President Benedict Oramah emerges FORBES AFRICA’s 2023 Person of the Year.

NigGalDecember 4, 2023December 4, 2023

Nominations for FORBES AFRICA Person of The Year are submitted by members of the magazine’s editorial and research teams, including journalists from its bureaus across...

Appointments

Tariye Gbadegesin Makes History as Climate Investment Funds’ First African CEO.

NigGalDecember 1, 2023December 1, 2023

Tariye Gbadegesin, a Nigerian-US national, has been appointed as the chief executive officer (CEO) of Climate Investment Funds (CIF), marking the first time an African...

Entrepreneurship

Nigerian trade finance startup FrontEdge secures $10m funding to scale operations.

NigGalNovember 28, 2023November 28, 2023

Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised US$10 million in debt and equity funding to scale operations...

Africa

United States (U.S.) and African Development Bank Collaborate to Accelerate Africa’s Digital Transformation

NigGalNovember 28, 2023November 28, 2023

The U.S. Commercial Service and the African Development Bank (www.AfDB.org) have announced a new strategic collaboration in a move to drive digital transformation across Africa. Unveiled...

National

Nigeria, Germany Seal $500m Gas, Renewable Energy Deal.

NigGalNovember 22, 2023November 22, 2023

The Nigerian government and that of Germany have entered into a bilateral agreement that would see both countries exchanging gas and renewable energy resources. Speaking...

Finance

Bank of Industry disburses €100m to Boost Green Energy Expansion in Nigeria.

NigGalNovember 15, 2023November 15, 2023

The Bank of Industry (BOI) has secured a €100 million in financial backing from the French Development Agency to support the expansion of green energy...

Entrepreneurship Innovations

Nigeria’s UfarmX expands to Senegal to power next generation of farmers through blockchain.

NigGalNovember 14, 2023November 14, 2023

Nigerian agri-tech startup UfarmX, which leverages blockchain technology to empower rural, unbanked and underserved smallholder farmers, has expanded to Senegal as it aims to reshape...

Sports

Ballon d’Or 2023: Osimhen Ranked 8th, Oshoala Ranked 20th.

NigGalOctober 31, 2023

The prestigious Ballon d’Or rankings saw a celebration for Nigerian talent. Victor Osimhen secured a commendable 8th place ahead of the likes of Luka Modric,...

Event, Arts and Entertainment Nollywood, Movies

2023 Africa Movie Academy Awards (AMAA) Winners Unveiled.

NigGalOctober 30, 2023October 30, 2023

The 19th edition of the Africa Movie Academy Awards (AMAA) took place on Sunday, October 29, 2023, at the Balmoral Convention Centre in Ikeja, Lagos. The awards...

Brands

Zenith, Access, FBN, others make list of top 100 banks in Africa.

NigGalOctober 13, 2023October 13, 2023

A total of 12 Nigerian banks, including Zenith Bank, Access Bank and FirstBank, have been included in the 100 African Biggest Banks list for 2023. The list compiled by...

Brands Press Releases

SpaceX Starlink and Jumia Join Forces to Expand Satellite Broadband Services in Africa.

NigGalOctober 11, 2023October 11, 2023

SpaceX Starlink and Jumia Technologies AG, an e-commerce platform, join forces to revolutionize satellite broadband services in Africa. This strategic partnership is set to bring...

Brands

Wema Bank rewards winners of Hackaholics 4.0 with over N50 million.

NigGalOctober 9, 2023October 9, 2023

IRETI, a health-tech startup that helps women bridge the gap and manages breast cancer, has emerged winner of the Wema Bank’s Hackaholics 4.0. The winner...

Press Releases

Lagos emerged as World’s top payments hub with 7% of all firms founded since 2022 – Report

NigGalOctober 6, 2023October 6, 2023

The commercial city of Lagos, Nigeria, came in joint second with New York in terms of cities with the most cross-border payments startups founded since...

Brands

Guaranty Trust Bank partners with Infosys Finacle.

NigGalSeptember 25, 2023September 25, 2023

Nigeria-based Guaranty Trust Bank has partnered with Infosys Finacle to use the latter’s services for its multi-country digital banking transformation program. Following this announcement, the Guaranty Trust Bank will...

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