African Startup Funding Drops to $110M in April
African startups raised $110M in April 2026, the lowest in over a year, despite a 45% increase in deal volume. Debt financing now rivals equity as startups adapt to a tighter funding environment.
Category : Business
Nigerite Staff Cooperative Elects New Leaders for Two Years
Nigerite Staff Cooperative appoints new executives for a two-year term. President Adegbite Olusegun pledges transparency, inclusiveness, and innovation.
NIA Honours Asenuga, Ogunbiyi for Insurance Contributions
The Nigerian Insurers Association honoured Olufemi Asenuga and Akin Ogunbiyi for their leadership and contributions to the growth of Nigeria's insurance industry at the 2026 awards ceremony.
Lady Receives Dividends from MTN and Zenith Bank
A Nigerian entrepreneur Ahaoma Mbadiwe-Maduforo was thrilled after receiving N155,925 from Zenith Bank and N135,000 from MTN as dividends. Social media users react.
Execution Gap Threatens SAP Digital Transformation Success
Experts warn that many companies face delays and cost overruns in SAP upgrades, emphasizing that poor project management undermines digital transformation investments.
Tourism Infrastructure Initiative Launched to Reposition Nigeria
Tourism and real estate stakeholders unveil NITDI framework to reposition Nigeria as a global tourism destination, with Abuja as pilot city.
Reps Spokesperson Backs Oyedele on Capital Projects
Philip Agbese expresses confidence in Finance Minister Taiwo Oyedele to improve fiscal management and address capital project delays in Nigeria.
UAE Eid Al-Adha 2026: Longest Holiday of the Year Ahead
UAE residents may enjoy up to nine days off during Eid Al-Adha 2026 with strategic leave planning. Arafah Day likely on May 26, followed by Eid celebrations from May 27 to 29.
Ogun Targets 24-Hour Power Supply After Consumption Audit
Ogun State Governor Dapo Abiodun announces a comprehensive power audit to improve electricity supply efficiency and achieve 24-hour power for residents and businesses.
Shettima: Tinubu Reforms Rebuilding State Economies
Vice President Shettima says Tinubu's economic reforms empower states as growth centres through fiscal reforms, energy liberalization, and tax changes, boosting investor confidence.
FG Targets 3 Million Jobs for Youth Annually
The Federal Government reaffirms commitment to creating 3 million jobs annually for youth, focusing on agriculture, technology, and innovation.
Tegbe Pledges Grid Stability in 100 Days
Ministerial nominee Joseph Tegbe promises to stabilize Nigeria's electricity grid within 100 days. Senate warns of a cabal profiting from power failure.
Gov Zulum Urges NPA to Boost Non-Oil Exports in Borno
Borno Governor Babagana Zulum has called on the Nigerian Ports Authority to scale up non-oil exports, aiming to boost foreign exchange earnings and create jobs for youths.
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Dangote Refinery Hikes Petrol Price to ₦1,350 Per Litre
Dangote Refinery increases petrol ex-depot price to ₦1,350 per litre, pushing pump prices toward ₦1,400. Government rules out subsidy return.
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Dangote Plans 20,000MW Power Project for Nigeria
Africa's richest man, Aliko Dangote, announces a massive 20,000MW power project to address Nigeria's electricity crisis, calling on African billionaires to lead industrial revolution.
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Carter Bridge Reconstruction Begins in Lagos at ₦548.98bn
The Federal Government has approved ₦548.98 billion to demolish and rebuild the 100-year-old Carter Bridge in Lagos due to severe underwater damage, aiming to improve traffic flow with a longer structure and flyover.
Ekiti targets 5,000 youth jobs in broiler production
Ekiti State aims to become Nigeria's top broiler producer, targeting 5,000 youth jobs through EBOPS scheme with training and infrastructure.
Turkey Extends Eid Al Adha Holiday to Nine Days for Public Employees
President Erdogan announces nine-day Eid al-Adha holiday for Turkish public sector workers, boosting family visits and domestic tourism.
BUA Foods 2026 Graduate Trainee Program in Agribusiness Opens
BUA Foods, via LASUCO Sugar Company, launches 2026 Agricultural Graduate Technical Trainee Program. Applications open for young graduates in agribusiness.
Maritime Trade Boom Not Reflected in GDP, Oyeyemi
Dr. Boboye Oyeyemi says Nigeria's maritime trade boom is not reflected in GDP due to informal transactions, calling for policy reforms to formalize trade and boost economic growth.
Fuel Subsidy Reintroduction Will Trigger Smuggling, Expert Warns
Energy expert Samuel Caulcrick warns that reintroducing fuel subsidies for local refineries will revive cross-border smuggling, undermining deregulation gains. He proposes targeted digital subsidies to protect Nigerians.
Nigeria-South Korea Rotary Alliance Expands Aid for Underserved
Rotary Club of Maryland Ikeja partners with South Korea's District 3750 to deliver WASH projects and plan maternal health interventions in Lagos State.
NAFDAC Boosts Local Pharma Manufacturing for Drug Security
NAFDAC commits to promoting local pharmaceutical manufacturing in Nigeria, signs treaty with African Medicines Agency to curb substandard drugs and enhance regulatory systems.
Christ Embassy Targets 50M Nigerians in Charity Drive
Christ Embassy announces a massive philanthropic initiative targeting 50 million Nigerians and 500 million globally, focusing on humanitarian outreach and community development.
SheVentures Opens N10m Zero-Interest Loans for Women
FCMB's SheVentures offers zero-interest loans up to N10 million for women entrepreneurs, aiming to ease access to working capital and support business growth.
Dangote Refinery Reverses Fuel Price Hike to ₦1,275
Dangote Refinery reversed its ₦75 fuel price hike, returning PMS depot price to ₦1,275 per litre after briefly raising it to ₦1,350.
Dangote Refinery Denies PMS Price Hike, Says Price Stable
Dangote Refinery refutes claims of increasing PMS ex-depot price to ₦1,350, confirming it remains at ₦1,275 per litre to support market stability.
Petrol Depot Prices Hit N1,350 After Dangote Hike
Dangote Refinery raises petrol price to N1,350 per litre, prompting marketers to adjust depot prices amid global crude oil decline and market volatility.
Diet-Linked Hypertension Affects 30% of Nigerians
Public health experts warn that 30% of Nigerians have hypertension due to unhealthy diets, urging the government to avoid fortifying ultra-processed foods.
Driver feared death before jet hit truck at Newark
A bakery truck driver narrowly survived a collision with a United Airlines jet at Newark Airport, fearing he would be decapitated moments before impact.
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