Nigeria’s startup ecosystem has experienced an influx of significant investments over the past decade. Billions of dollars have been invested in the industry, from fintech behemoths like Flutterwave and Paystack drawing attention from around the world to agri-tech and health-tech companies spurring innovation. Despite...
Small and Medium Enterprises (SMEs) are the backbone of Nigeria’s economy, contributing over 48% to the nation’s GDP and employing more than 84% of its workforce. However, a staggering number of these businesses fail to survive past their first five years. The reasons range...
By providing 500 young people in Kogi State with training in a variety of skill-building initiatives, the Energy Commission of Nigeria (ECN) has made a significant contribution to combating unemployment and promoting economic growth. The goal of this program is to provide young Nigerians...
A major step towards stabilising the world's food markets has been taken with the announcement by the Food and Agriculture Organisation (FAO) of a 2% decrease in food prices for 2024. According to the FAO's Food Price Index, this decrease is the result of...
To help Small and Medium Businesses (SMEs) in Nigeria with their cash flow issues, fintech company Billboxx has raised $1.6 million. To assist SMEs in efficiently managing their cash flow, the platform provides cutting-edge financial solutions such as automated payment systems, credit access, and...
Despite undertaking a $1.5 billion restoration effort, the Port Harcourt Refinery has once again been shut down, which is a significant setback for Nigeria's oil industry. The facility was supposed to reopen and reduce Nigeria's reliance on imported petroleum, hence the closure has drawn...
