ECONOMY, TECH
Pryme to Raise £30m to Power Financial Tools for Africa’s Freelancers and SMEs
June 19, 2025
Pryme, a fintech company founded in Africa and now headquartered in the United Kingdom, is in the middle of a £30 million capital raise aimed at transforming how globally mobile entrepreneurs and small businesses manage...
Call for Applications: Cassava Change-Makers Pitch Competition 2025 ( UpTo N5 Million Prize)
June 19, 2025
Are you a young innovator passionate about transforming Nigeria’s cassava value chain? Here’s your chance to bring your idea to life and win funding and development support! The Cassava Change-Makers Pitch Competition invites Nigerian youth...
Agric Firm Employs 1,250 Youths in Nigeria
June 19, 2025
An agro-allied firm in Nigeria, the Food Industrial Park Limited, has signed a Memorandum of Understanding with Best Engineering Technologies based in Hyderabad, India, to offtake essential oils produced by the FIPL. It was gathered...
Bayelsa Approves N740 Million Interest-Free Loan for BEEP Entrepreneurs
June 18, 2025
The Bayelsa State Government has announced the unveiling of a landmark Bayelsa E-Commerce Entrepreneurship Program (BEEP 2025) set to equip 500 business owners with the skills and knowledge necessary to thrive in the e-commerce space....
NIGCOMSAT Launches Second Phase of Space-Tech Accelerator to Boost Innovation in Nigeria
June 18, 2025
The Nigerian Communications Satellite (NIGCOMSAT) Ltd has announced the launch of the second phase of its flagship Accelerator Programme, set to kick off on July 18, 2025, in Abuja. Themed “Innovation in Orbit: Empowering the...
USSD Services: Telcos to Charge Subscribers Directly from June 18, 2025
June 18, 2025
Starting Wednesday, June 18, 2025, telecom subscribers in Nigeria will begin paying directly for Unstructured Supplementary Service Data (USSD) sessions as mobile network operators implement a new billing model. The move follows directives from the...
FG Inaugurates D-8 SME Centre to Deepen Global Cooperation, Job Creation
June 18, 2025
The Federal Government has called for deeper collaboration among developing countries to drive job creation and enhance global competitiveness through enterprise development. This call came during the inauguration of the D-8 Centre for Small and...
Nigeria’s Crude Oil Prices Surge Amid Middle East Tensions
June 17, 2025
Nigeria, Africa’s leading oil producer, spent a staggering N1.19 trillion importing crude oil in the first quarter of 2025, exposing a deep contradiction in its energy sector. The figure, released by the National Bureau of...
Nigeria Risks Losing $10 Million World Bank Fund Over Audit Failures, Project Delays
June 11, 2025
Nigeria could forfeit $10 million from a World Bank credit facility by June 30, 2025, due to audit failures, delays in launching critical digital platforms, and slow implementation of a revenue assurance system. The warning...
Governor Oborevwori Showcases State’s Infrastructure Vision at Global Forum in China
June 11, 2025
Governor Sheriff Oborevwori of Delta State, Nigeria, has taken the state’s ambitious development agenda to the international stage, participating in the prestigious 16th International Infrastructure Investment and Construction Forum (IIICF) in Macao, China. Oborevwori, alongside...
