Influencer Closes Restaurant After 600% Rent Hike
Social media influencer Pamilerin Adegoke has shut down his restaurant business due to a staggering 600% rent increase from his landlord, sparking backlash online.
Category : Entrepreneurship
N100m Loan Scheme Offers N5m Funding for Nigerian SMEs
The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN) has launched a N100 million joint loan facility targeting small businesses. The scheme offers low-interest loans up to N5 million, with 90% of beneficiaries being women, and ex
Click and Carry's Growth After Shark Tank Deal
Click and Carry, featured on Shark Tank Season 12, has achieved nearly $8 million in sales despite its deal with Mark Cuban and Barbara Corcoran not closing. The company now sells in major retailers like Walmart and Amazon.
Kwara Governor Flags Off N350m Interest-Free Loans for Residents
Governor AbdulRahman AbdulRazaq has initiated the distribution of N350 million in interest-free loans to 1,000 beneficiaries in Kwara State, aiming to boost grassroots economic activity and reduce poverty through the ACReSAL project.
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Businesswoman Saves N200k Daily with N20m Solar Installation
A Nigerian restaurant owner celebrated installing a N20 million solar system that powers her business, eliminating her daily N200,000 diesel expenses. The system runs six ACs, four freezers, and other equipment.
Third Saskatoon Black Business Expo Highlights Growth
The third Saskatoon Black Business Expo, themed 'Bigger, Bolder, and Impactful,' brings together over 100 Black-owned businesses at Prairieland Park on March 28, 2026, featuring masterclasses and networking opportunities to boost economic connections.
NPNEN Calls for One-Stop Export System to Boost SME Competitiveness
The Network of Practising Non-Oil Exporters of Nigeria urges a one-stop export system to tackle regulatory hurdles and enhance SME competitiveness, based on a study revealing low export rates and barriers like corruption and infrastructure gaps.
Moniepoint Buys Orda for Nigeria's $50bn Food Sector
Moniepoint Inc. has acquired Orda Africa, targeting Nigeria's $50 billion food services market. The integration aims to streamline operations for restaurants and vendors with an all-in-one digital platform.
Mother Reflects on Daughter's 15-Year Nail Bar Journey
Aisha Abraham shares insights into her daughter Ameera's entrepreneurial journey as The Nail Bar marks 15 years in Abuja's beauty industry, highlighting growth and challenges.
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Ambassador Gift Emmanuel's Impact on Nigeria Through Business and Charity
Ambassador Gift Emmanuel drives social change in Nigeria as Director of The Promiseland Foundation and Executive Director of Promiseland Estate Limited, blending real estate innovation with philanthropic efforts to uplift marginalized communities and empo
Elumelu Foundation Disburses $100M to 24,000 Entrepreneurs
The Tony Elumelu Foundation has disbursed over $100 million in seed capital to more than 24,000 entrepreneurs across Africa since 2010, with 80% successfully scaling beyond early stages.
Entrepreneurs: Women's Empowerment Key to Economic Growth
Business leaders at an International Women's Day forum in Lagos call for special interventions to overcome barriers facing women entrepreneurs, citing access to finance and policy constraints as critical issues.
Elumelu Empowers 3,200 African Entrepreneurs on Birthday
Tony Elumelu marks his birthday by announcing 3,200 beneficiaries for his foundation's entrepreneurship program across all 54 African countries, with $5,000 seed capital each.
Seplat Opens 2026 Youth Entrepreneurship Programme for Energy Skills
Seplat Energy has launched applications for its 2026 Youth Entrepreneurship Programme, offering practical training in solar and mini-grid systems to empower young Nigerians in the renewable energy sector.
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Experts Seek Policies to Empower Women in Housing, Construction
Industry leaders call for gender-responsive policies and financing to boost women's participation in housing and construction, addressing Africa's housing deficit and driving inclusive economic growth.
Elumelu Foundation: 75% Startups Survive, Women & Youth Dominate
The Tony Elumelu Foundation reveals 75% of its funded startups remain operational after five years, with women comprising 51% and youth dominating the 2026 entrepreneurship program cohort.
TEF Unveils 3,200 Entrepreneurs for 2026 Programme
The Tony Elumelu Foundation has announced 3,200 young African entrepreneurs selected from over 265,000 applications for its 2026 programme, reinforcing its mission to democratize prosperity and drive economic growth across the continent.
TEF to Give $16M to 3,200 African Entrepreneurs in 2026
The Tony Elumelu Foundation announces a $16 million initiative for 2026, providing grants, training, and mentorship to 3,200 young African entrepreneurs to boost job creation and economic growth.
Ikota Shopping Complex Elects New Leadership and Board
Shop owners at Ikota Shopping Complex have elected a new Executive Committee and nominated a Board of Trustees to enhance governance and transparency after a period without formal leadership.
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Alakija Urges Nigerian Women to Persist with Faith
Folorunsho Alakija, Africa's richest woman, encourages Nigerian women to embrace persistence and faith to overcome barriers, sharing her journey from modest beginnings to business success at an International Women's Day event.
Remembering Lawal Yusuf Obelawo: A Nigerian Titan
Lawal Yusuf Obelawo, a pioneering Nigerian entrepreneur and community leader, passed away at 95. His legacy includes founding Africa's first plastic pipe factory and shaping Osun State's creation.
Experts: Women Should Prioritize Investments Over Lifestyle Upgrades
Stakeholders at a Lagos women's event emphasize building generational wealth through property ownership and disciplined investing, warning against social media-driven spending habits.
Rotary e-Club Empowers 52 with N10M Vocational Tools
The Rotary e-Club of Maryland Ikeja has transformed lives by empowering 52 beneficiaries with vocational equipment worth N10 million, including sewing machines and grinding machines, to combat unemployment and foster self-reliance.
Ogun Hosts Third MSME Business Clinic for Small Business Growth
Ogun State's Ministry of Industry, Trade and Investment organizes the third MSME Business Clinic on March 24, 2026, offering grants, free CAC registration, and advisory sessions to support small businesses in Abeokuta.
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TEF Announces 12th Entrepreneurship Cohort with Record Applications
The Tony Elumelu Foundation will announce its 12th entrepreneurship cohort on March 22, 2026, after receiving over 265,000 applications from all 54 African nations, with $16 million in seed capital for 3,200 entrepreneurs.
N1 Billion Fund Launched for Women-Led Businesses by BOI and MTN
The Bank of Industry and MTN Nigeria Foundation have unveiled a N1 billion partnership fund to support women-led businesses across Nigeria through the Y’ellopreneur 3.0 programme, providing equipment financing and training for 200 female entrepreneurs.
Pressdia Marks First Year Expanding African Business Media Access
Pressdia, Africa's digital PR marketplace, celebrates its first anniversary after helping over 1,000 businesses distribute press releases to 20,000+ media outlets worldwide, enhancing visibility for African companies.
Foundation Empowers 20 Entrepreneurs with N12m Ramadan Relief
The Tunjii Salami Foundation disbursed nearly N12 million in Ramadan relief across Osun State, providing food packages to vulnerable households and seed capital to 20 entrepreneurs for business development.
Mastercard Foundation Opens FAST Applications for African Entrepreneurs
The Mastercard Foundation has launched the third cycle of its FAST programme, offering grants up to $15,000, training, and mentorship to young African entrepreneurs, with a focus on inclusivity.
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Structural Barriers Undermine MSME Growth in Nigeria
A new policy review identifies key structural challenges hindering Nigeria's MSMEs, including limited finance access, weak infrastructure, and high informality, contributing to business mortality.
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