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# naijapreneur™

The Voice of Entrepreneurship in Nigeria™

## Sitemaps

- [XML Sitemap](https://www.naijapreneur.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Blog](https://www.naijapreneur.com/blog/) - This is an example page. It's different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I'm a bike messenger
- [Built to Last: How Paul Onwuanibe Turned Spaces Into Experiences — and What Every Nigerian Founder Can Learn From It](https://www.naijapreneur.com/built-to-last-how-paul-onwuanibe-turned-spaces-into-experiences-and-what-every-nigerian-founder-can-learn-from-it/) - How Paul Onwuanibe built Landmark into a West African icon — and the frameworks Nigerian founders can borrow to build businesses that survive anything.
- [The Olodo Uprising: Why an Economy That Rewards Noise Over Knowledge Is Quietly Mortgaging Nigeria's Next Generation of Builders](https://www.naijapreneur.com/the-olodo-uprising-why-an-economy-that-rewards-noise-over-knowledge-is-quietly-mortgaging-nigerias-next-generation-of-builders/) - YCee's "olodo uprising" is more than a celebrity row. Tito Philips on what a culture that rewards noise over knowledge does to Nigerian enterprise.
- [22 Real Grant Opportunities Many Founders Ignore (But Shouldn’t)](https://www.naijapreneur.com/22-real-grant-opportunities-many-founders-ignore-but-shouldnt/) - Access to funding remains one of the biggest challenges for founders in Nigeria and across Africa. While venture capital and angel investors often get the spotlight, grants remain one of the most underutilised funding sources, especially for early-stage, impact-driven, and youth-led businesses. The truth is simple: many founders overlook grants because they assume they are
- [55 Grants & Funding Opportunities for Nigerian SMEs in 2026 (Verified List)](https://www.naijapreneur.com/55-grants-funding-opportunities-for-nigerian-smes-in-2026-verified-list/) - 55 grants, loans, accelerators and prizes Nigerian SMEs can apply for in 2026 — federal, corporate and international funding with amounts, deadlines and apply links.
- [From Naija to the World: How the Weak Naira and AfCFTA Make 2026 the Year to Start Exporting](https://www.naijapreneur.com/from-naija-to-the-world-how-the-weak-naira-and-afcfta-make-2026-the-year-to-start-exporting/) - How SMEs can leverage the African Continental Free Trade Area (AfCFTA), to open up a continent-wide market with reduced trade barriers between African countries.
- [The 2026 Tax Reform: Why 97% of Small Businesses Now Pay Zero Company Tax — and the One Rule That Could Cost You](https://www.naijapreneur.com/the-2026-tax-reform-why-97-of-small-businesses-now-pay-zero-company-tax-and-the-one-rule-that-could-cost-you/) - On 1 January 2026, the biggest tax overhaul in a generation took effect. For most small businesses it is very good news. But there is a turnover line and an exclusion clause that catch people out — here is exactly where you stand. For years, the complaint of every Nigerian small business owner was the
- [The Real Cost of an Employee in 2026: The ₦70,000 Minimum Wage, Who’s Exempt, and the Hidden Costs Nobody Mentions](https://www.naijapreneur.com/the-real-cost-of-an-employee-in-2026-the-₦70000-minimum-wage-whos-exempt-and-the-hidden-costs-nobody-mentions/) - The minimum wage is ₦70,000 — but the number on the payslip is only part of what an employee actually costs you. If you employ people, or are about to, here is the full picture. Nigeria’s national minimum wage is ₦70,000 a month. That figure is settled in law, but two things about it confuse
- [CAC in 2026: How to Register for as Little as ₦11,000 — and the New Ownership Rule You Can’t Ignore](https://www.naijapreneur.com/cac-in-2026-how-to-register-for-as-little-as-₦11000-and-the-new-ownership-rule-you-cant-ignore/) - Registering your business is now cheaper and faster than most people think, and there may even be a free route. But a new disclosure requirement means registration alone is no longer the finish line. Running an unregistered business in Nigeria is technically illegal, but the stronger argument for registering is practical: without a Corporate Affairs
- [The Floating Naira and Your Business: How to Price, Plan and Survive When the Exchange Rate Moves](https://www.naijapreneur.com/the-floating-naira-and-your-business-how-to-price-plan-and-survive-when-the-exchange-rate-moves/) - The Floating Naira: Nigeria no longer has a fixed official exchange rate. For any business that imports anything — even software subscriptions, monitor the dollar.
- [Your Bank Is Changing: What Recapitalisation Means for Your Business Accounts, Loans and Insurance](https://www.naijapreneur.com/your-bank-is-changing-what-recapitalisation-means-for-your-business-accounts-loans-and-insurance/) - Behind the scenes, Nigeria’s banks and insurers are being forced to raise huge amounts of capital. The mergers and tighter lending that follow will touch your business — usually without anyone telling you directly. In 2024 the CBN ordered banks to dramatically increase their minimum capital, with a deadline of March 2026 — ₦500 billion
- [Why Bank Loans Are So Expensive in 2026 — and Where Smart SMEs Find Cheaper Money Instead](https://www.naijapreneur.com/why-bank-loans-are-so-expensive-in-2026-and-where-smart-smes-find-cheaper-money-instead/) - With the CBN’s benchmark rate at 26.5%, ordinary bank loans can quietly destroy a thin-margin business. The good news: for most small businesses, the commercial bank is the wrong place to look first. Every few weeks, the Central Bank of Nigeria’s Monetary Policy Committee meets and sets the Monetary Policy Rate — the benchmark that
- [The Data Protection Law Most SMEs Don’t Know They’re Breaking — and the Fines That Scale With Your Turnover](https://www.naijapreneur.com/the-data-protection-law-most-smes-dont-know-theyre-breaking-and-the-fines-that-scale-with-your-turnover/) - If your business stores a single customer’s phone number, the Nigeria Data Protection Act applies to you. The regulator is now actively enforcing it, and the penalties are tied to your revenue. Of all the policies covered in this series, this is the one most small businesses do not realise applies to them. The Nigeria
- [The Nigeria Startup Act: How a Government “Label” Can Unlock Tax Breaks, Grants and Support for Your Tech Business](https://www.naijapreneur.com/the-nigeria-startup-act-how-a-government-label-can-unlock-tax-breaks-grants-and-support-for-your-tech-business/) - The Nigeria Startup Act: If your business is tech-enabled and relatively young, there’s a formal status you can apply for that opens doors for your business.
- [Meet Funmilola Adedeji-Bajulaiye – From a Desk Chair Startup to Building a Global Franchise Ecosystem, ACR Global Consulting](https://www.naijapreneur.com/meet-funmilola-adedeji-bajulaiye-from-a-desk-chair-startup-to-building-a-global-franchise-ecosystem-acr-global-consulting/) - MINE 0007: Meet Funmilola Adedeji-Bajulaiye, her story is a compelling reminder that entrepreneurship is not just about profit—it is about purpose, persistence, and perspective.
- [UN and Federal Government Deploy Innovation Pods to Target $1T Economy](https://www.naijapreneur.com/un-and-federal-government-deploy-innovation-pods-to-target-1t-economy/) - The Federal Government of Nigeria and the United Nations Development Programme (UNDP) have anchored a major continental tech initiative in the South-East to accelerate Nigeria’s transition toward a knowledge-based economy. Officially commissioned at the Michael Okpara University of Agriculture, Umudike (MOUAU), the Manufacturing Technology University Innovation Pod (Manu-Tech UniPod) serves as a physical engine for
- [SpirePoint Consulting and Faith-Based Group Launch Lagos Corporate Talent Pipeline](https://www.naijapreneur.com/spirepoint-consulting-and-faith-based-group-launch-lagos-corporate-talent-pipeline/) - A joint venture between enterprise advisory firm SpirePoint Consulting and the Redeemed Christian Church of God (RCCG) Chapel of Mercy has activated a structured corporate placement and enterprise incubator framework in Lagos. Scheduled for Saturday, July 25, 2026, the convention—themed “Global Positioning for Opportunities: Intentional Visibility, Intentional Networking”—aims to curb regional white-collar unemployment by establishing
- [Art Director Transplants Creative Skillset into Livestock and Aquaculture Enterprise](https://www.naijapreneur.com/art-director-transplants-creative-skillset-into-livestock-and-aquaculture-enterprise/) - Adejorin Gbenga, a graphic designer and former corporate art director, has transitioned into full-time agribusiness to expand regional production networks in Nigeria's agro-allied market. Having built his early career within Lagos's creative industry after earning a Higher National Diploma (HND) in Graphic Design from the Yaba College of Technology (YABATECH) in 2018, Gbenga founded Dejorin
- [Caleb University Partners Cambridge and Domestic Institutes for Dual National Summits](https://www.naijapreneur.com/caleb-university-partners-cambridge-and-domestic-institutes-for-dual-national-summits/) - Caleb University has announced a strategic cross-sector initiative aimed at shielding Nigeria’s human resource pipelines and media ecosystems from severe macroeconomic disruptions and rapid artificial intelligence integration. Speaking at a press conference, the Vice-Chancellor, Prof. Olalekan Asikhia, unveiled plans for two high-level capacity summits—HR Space 2026 and the Journalism Outlook Conference 2026. The academic-led interventions
- [ACPN Partners NHIA and NPHCDA to Integrate Community Pharmacies into Primary Healthcare](https://www.naijapreneur.com/acpn-partners-nhia-and-nphcda-to-integrate-community-pharmacies-into-primary-healthcare/) - The Association of Community Pharmacists of Nigeria (ACPN) has concluded preparations to host its 45th Annual International Scientific Conference, "Unity 2026," scheduled from July 27 to August 1, 2026. Taking place at the Bola Ahmed Tinubu International Conference Centre in Abuja, the high-level policy convention will gather healthcare administrators, legislative leaders, and medical experts to
- [Lagos Salon Hub Convenes SME Structure Summit for Female Founders](https://www.naijapreneur.com/lagos-salon-hub-convenes-sme-structure-summit-for-female-founders/) - To address the high operational mortality rate of early-stage, women-led micro-enterprises, beauty brand Beyondsurface Hairhub hosted the maiden edition of the Beyond The Strands Business Seminar (BTS 2026) on June 30, 2026. Held physically at TheWrkoutHub in Lagos under the theme “Business Structure Made Simple,” the zero-cost vocational incubator was designed to provide female operators
- [Nigeria's Oligopolistic Cement Supply Glut Fails to Ease Retail Prices](https://www.naijapreneur.com/nigerias-oligopolistic-cement-supply-glut-fails-to-ease-retail-prices/) - Despite boasting a dominant local production capacity exceeding 60 million metric tonnes annually—one of the highest in sub-Saharan Africa—Nigeria continues to face a major pricing paradox. In commercial hubs such as Lagos, Abuja, and Abia State, retail prices for a standard 50-kilogram bag of cement sit between ₦12,500 and ₦15,000. This rate is nearly double
- [Seedar Group Executive Urges Businesses to Shift from 'Hype' to Long-Term Reputation Building](https://www.naijapreneur.com/seedar-group-executive-urges-businesses-to-shift-from-hype-to-long-term-reputation-building/) - Nigerian businesses are facing a structural branding obstacle due to a growing confusion between short-term advertising cycles and long-term strategic public relations. Seyi Ajadi, Chief Executive Officer of communications advisory firm Seedar Group, addressed this trend in a recent thought leadership brief. She warned that founders frequently stall their corporate growth by expecting immediate transactional
- [Oyedele Defends Strategic Debt Management and Fiscal Stabilization Framework](https://www.naijapreneur.com/oyedele-defends-strategic-debt-management-and-fiscal-stabilization-framework/) - The federal government has described its recent aggressive economic interventions as non-negotiable structural corrections required to avert total fiscal insolvency. Speaking at the Nigeria Employers’ Summit 2026 in Abuja, hosted by the Nigeria Employers’ Consultative Association (NECA), the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated that prior to these policy
- [Lagos State and UNDP Target $1.4B African Leather Market](https://www.naijapreneur.com/lagos-state-and-undp-target-1-4b-african-leather-market/) - The Lagos State Government, in collaboration with the United Nations Development Programme (UNDP), has launched a joint initiative to scale micro, small, and medium enterprises (MSMEs) within the domestic fashion and leather sectors. Announced during the two-day Fashion, Leather and Creative Enterprise Spotlight at the Senator Oluremi Tinubu Industrial Leather Hub in Mushin, the partnership
- [Daggo Group Marks 7 Years with Cross-Border Push and Asset Distribution](https://www.naijapreneur.com/daggo-group-marks-7-years-with-cross-border-push-and-asset-distribution/) - Daggo Group, a diversified conglomerate with operations spanning e-commerce, media pipelines, alternative wellness, and logistics, has marked its seventh corporate anniversary by outlining an expansion roadmap across sub-Saharan Africa. From its beginnings as a localized startup, the firm has built a cross-border ecosystem operating across Nigeria, Ghana, Kenya, and Zambia, scaling its headcount to manage
- [UK‑Nigeria Tech Hub Unveils National Cluster Exchange to Link Scattered Startup Ecosystems](https://www.naijapreneur.com/uk-nigeria-tech-hub-unveils-national-cluster-exchange-to-link-scattered-startup-ecosystems/) - The United Kingdom and Nigeria have launched a coordinated nationwide initiative to integrate Nigeria's highly fragmented network of technology hubs, academic research centers, and business incubators. Funded by the UK‑Nigeria Tech Hub under the UK Government’s Digital Access Programme and executed by The Nest Innovation Technology Park, the pilot phase of the Nigeria Innovation Cluster
- [How De Luxe Flour Scaled From a One-Room Operation to National Supermarket Shelves](https://www.naijapreneur.com/how-de-luxe-flour-scaled-from-a-one-room-operation-to-national-supermarket-shelves/) - In Nigeria's challenging manufacturing landscape, local agro-processing is emerging as a critical driver for both food security and economic self-reliance. In an interview with Assistant Editor Chinwe Odita, Mrs. Chioma Ononye—a microbiologist, Rome Business School Nigeria alumna, and founder of De Luxe Flour—detailed how she scaled a home-based startup into a major indigenous brand supplying
- [Tony Elumelu Set to Step Down as UBA Chairman Following CBN Tenure Expiration](https://www.naijapreneur.com/tony-elumelu-set-to-step-down-as-uba-chairman-following-cbn-tenure-expiration/) - The Board of Directors of United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony O. Elumelu, will officially retire from the board on August 21, 2026. The transition follows the completion of the maximum 12-year tenure limit for non-executive directors mandated by the Central Bank of Nigeria (CBN) to strengthen board
- [Hazibian International Injects ₦1 Million Grant into Agro-Nutrient Startup](https://www.naijapreneur.com/hazibian-international-injects-₦1-million-grant-into-agro-nutrient-startup/) - Hazibian International Limited, a diversified real estate and asset management firm, has awarded a ₦1 million non-equity business grant to Nutraboom, the top-performing venture at the Nexus 2.0 Startup Pitch Competition. The early-stage capital injection is designed to help the emerging enterprise scale its operations, acquire raw inventory, and expand its retail market presence within
- [Regulators and Major Energy Stakeholders Convene to Enforce Cost-Reflective Fuel Pricing](https://www.naijapreneur.com/regulators-and-major-energy-stakeholders-convene-to-enforce-cost-reflective-fuel-pricing/) - The Federal Government of Nigeria has entered closed-door negotiations with key actors across the downstream petroleum value chain to drive down the pump price of Premium Motor Spirit (PMS). Convened at the Abuja headquarters of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the high-level panel follows direct policy instructions from the Minister of
- [Shell and Nine Tier-1 Banks Launch $3B Contractor Finance Facility](https://www.naijapreneur.com/shell-and-nine-tier-1-banks-launch-3b-contractor-finance-facility/) - Shell Nigeria Exploration and Production Company Limited (SNEPCo), in partnership with a consortium of nine domestic and international banking institutions, has established a $3 billion Contract Finance Facility. The dedicated lending window is structured to provide structured working capital to indigenous oilfield service providers executing deepwater and natural gas projects for the energy major. The
- [Abia State Launches Nigeria's First 'Manu-Tech UniPod' to Modernize Aba's Manufacturing Ecosystem](https://www.naijapreneur.com/abia-state-launches-nigerias-first-manu-tech-unipod-to-modernize-abas-manufacturing-ecosystem/) - Abia State has taken a structural step toward becoming a regional technological powerhouse with the official commissioning of Nigeria’s inaugural Manufacturing Technology University Innovation Pod (Manu-Tech UniPod). Sited at the Michael Okpara University of Agriculture, Umudike (MOUAU), the high-tech facility was established through a joint venture linking the Federal Government of Nigeria, the United Nations
- [Valuation Is Not a Number. It Is a Negotiation About the Future.](https://www.naijapreneur.com/valuation-is-not-a-number-it-is-a-negotiation-about-the-future/) - Ask a first-time founder what their company is worth, and the answer almost always arrives wrapped in a number. A figure derived from a comparable raise in a similar sector, or from a revenue multiple applied to their current metrics, or more often than anyone in the ecosystem likes to admit, from a combination
- [LiquidCrest Unveils Collateral-Free Micro-Loans for Underserved Traders](https://www.naijapreneur.com/liquidcrest-unveils-collateral-free-micro-loans-for-underserved-traders/) - LiquidCrest Microfinance Bank has expanded its MSME lending program to tackle the persistent credit crunch facing informal retailers and small-scale manufacturers across Nigeria. Operating under a legacy that stretches back over 30 years to its origins as Owotutu Microfinance Bank, the institution is shifting away from rigid commercial banking credit score matrices. Instead, it is
- [Why Strategic Storytelling Matters for Small Business Revenue Generation](https://www.naijapreneur.com/why-strategic-storytelling-matters-for-small-business-revenue-generation/) - The Founder and Group Managing Director of Parallax Media Group (PMG), Osayuwamen Saleh, has emphasized that a lack of public visibility—rather than poor product quality—remains one of the biggest bottlenecks threatening early-stage Nigerian enterprises. Speaking at a corporate media briefing at the company's Lagos headquarters, Saleh stated that millions of local merchants lose market share
- [All On Marks 10-Year Milestone with 2 Million Nigerians Connected to Off-Grid Power](https://www.naijapreneur.com/all-on-marks-10-year-milestone-with-2-million-nigerians-connected-to-off-grid-power/) - Shell-backed impact investment firm All On has celebrated its tenth anniversary by outlining a decentralized strategy to accelerate off-grid electrification across Nigeria. Over its first decade of operation, the organization successfully deployed catalytic capital to scale off-grid clean energy solutions, directly improving the livelihoods of nearly two million citizens in historically underserved rural and peri-urban
- [NNPCL Slashes Retail Fuel Prices by ₦110 in Under Ten Days](https://www.naijapreneur.com/nnpcl-slashes-retail-fuel-prices-by-₦110-in-under-ten-days/) - The Nigerian National Petroleum Company Limited (NNPCL) has executed consecutive downward price adjustments at its retail stations, dropping pump prices by an additional ₦60 per liter. This development marks a total price reduction of ₦110 per liter between June 27 and July 5, 2026. The aggressive retail pricing correction follows a broader downward trend across
- [Chinese Consortia Begin Technical Audit of Warri Refinery Ahead of 24-Month Revamp Deal](https://www.naijapreneur.com/chinese-consortia-begin-technical-audit-of-warri-refinery-ahead-of-24-month-revamp-deal/) - A team of international engineers from Sanjiang Chemicals and New Future Group has commenced a comprehensive technical assessment of the Warri Refining and Petrochemical Company. The audit is designed to catalog necessary infrastructure upgrades, machinery replacements, and structural overhauls required to transition the idle asset back into commercial production. The state-backed oil firm intends to
- [Starzs Investment Company Expands Fleet via Local Credit Windows and Sovereign Intervention Funds](https://www.naijapreneur.com/starzs-investment-company-expands-fleet-via-local-credit-windows-and-sovereign-intervention-funds/) - Starzs Investment Company Limited, a domestic marine logistics firm specializing in Azimuth Stern Drive (ASD) offshore tug operations, has successfully transitioned from a founder-led business model to a structured corporate governance layout. Managing Director and CEO Iroghama Ogbeifun revealed that after a deliberate seven-year succession track, the firm has reshaped its operational focus toward sub-Saharan
- [UK Researchers Partner with Local Manufacturers to Launch $250 Solar Powerbox](https://www.naijapreneur.com/uk-researchers-partner-with-local-manufacturers-to-launch-250-solar-powerbox/) - A cross-border tech alliance between the Hertfordshire Business School and Nigerian manufacturer MHUB has led to the deployment of a new decentralized energy solution tailored for remote sub-Saharan regions. Dubbed the Powerbox SE, the small-scale, self-charging solar unit was designed to bypass central grid infrastructure deficits. The device provides a stable power alternative for off-grid
- [How Economic Realities are Transforming Youth Leisure into Career Advancement](https://www.naijapreneur.com/how-economic-realities-are-transforming-youth-leisure-into-career-advancement/) - In an increasingly competitive corporate landscape, early-stage professionals are systematically treating personal networking as an essential form of social currency. The premium placed on securing entry to elite industry summits now routinely eclipses the cultural capital of traditional entertainment events. This structural shift is reshaping urban ecosystems, causing young workers to swap typical nightlife venues
- [Federal Government Unveils Phase 2 of TVET Scheme with ₦22,500 Monthly Trainee Stipends](https://www.naijapreneur.com/federal-government-unveils-phase-2-of-tvet-scheme-with-₦22500-monthly-trainee-stipends/) - The Federal Ministry of Education has officially opened applications for the second cohort of its Technical and Vocational Education and Training (TVET) initiative. Spearheaded by the National Programme Monitoring Office, the revamped empowerment phase introduces a structured financial support model where successful participants will receive a monthly stipend of ₦22,500 throughout their training cycle. The
- [Tech and Cultural Synchronization: Multi-City Pitchathon Headlined for Northern Commercial Hub](https://www.naijapreneur.com/tech-and-cultural-synchronization-multi-city-pitchathon-headlined-for-northern-commercial-hub/) - A multi-city enterprise accelerator that merges youth cultural sub-sectors with direct startup equity injection is expanding its regional footprint into Kano State. Designed to leverage the city's historical position as Northern Nigeria's primary trade hub, the initiative moves away from isolated corporate panels. Instead, it embeds venture capital pitching frameworks directly into youth-centric ecosystems like
- [From Lockdown Startup to ₦10m Enterprise: Abuja Fashion Brand Pivots to Business Mentorship Hub](https://www.naijapreneur.com/from-lockdown-startup-to-₦10m-enterprise-abuja-fashion-brand-pivots-to-business-mentorship-hub/) - An Abuja-based fashion house is tackling the high mortality rate of early-stage creative startups by integrating core business literacy into standard tailoring apprenticeships. Oluwatobi Ojo, an English Education graduate from the University of Abuja who turned a pandemic-era hobby into an apparel brand, stated that raw creative talent is rarely enough to survive in the
- [July 2026 Nigeria Business Events Roundup](https://www.naijapreneur.com/july-2026-nigeria-business-events-roundup/) - Welcome to the July 2026 Nigeria Business Events Roundup! Below is our curated list of the top business events holding across Nigeria this June — from large-scale trade exhibitions and investment summits to fintech, technology and chamber gatherings. This month’s spread reaches beyond the usual commercial strongholds: while Lagos still leads, we also feature events
- [GEN Nigeria Selects Top Three Startups for Continental Pitch Finals in Cape Town](https://www.naijapreneur.com/gen-nigeria-selects-top-three-startups-for-continental-pitch-finals-in-cape-town/) - The Global Entrepreneurship Network (GEN) Nigeria, in partnership with the Enterprise Development Centre (EDC) of Pan-Atlantic University and Tripoint Travel Limited, has concluded the national qualifiers for the GEC+ Africa Regional Pitch Competition. Held at the Radisson Blu Hotel in Lagos, the event featured 10 high-growth startups pitching their models before a panel of venture
- [FRC Urges Small Businesses to Adopt Standardized Financial Reporting Frameworks](https://www.naijapreneur.com/frc-urges-small-businesses-to-adopt-standardized-financial-reporting-frameworks/) - The Financial Reporting Council of Nigeria (FRC) has called on small and medium-scale business owners to integrate formal financial reporting practices into their core operations. The advisory was delivered at the SMEs Financial Reporting Awareness Campaign held in Awka, Anambra State, organized under the theme “Benefits for Businesses, Cooperatives and the National Economy.” Representing the
- [ACCI Prompts Small Businesses to Avoid Courts via 2019 Rules](https://www.naijapreneur.com/acci-prompts-small-businesses-to-avoid-courts-via-2019-rules/) - The Nigerian Chambers of Commerce Dispute Resolution Centre (NCC-DRC), an arm of the Abuja Chamber of Commerce and Industry (ACCI), has launched a campaign pushing small businesses to ditch traditional litigation for debt collection. Registrar-General Mrs. Hauwa Usman revealed that thousands of small commercial claims—ranging from delayed supply chain invoices to commercial property rental defaults—are
- [Stakeholders Applaud Tech Entrepreneur Tamar Forteta for Cross-Sector Youth Advocacy](https://www.naijapreneur.com/stakeholders-applaud-tech-entrepreneur-tamar-forteta-for-cross-sector-youth-advocacy/) - Tamar Forteta, the founder of fintech platform Celler by Tampay, is gaining significant recognition across Nigeria's corporate, political, and entertainment landscapes for his efforts in youth engagement. Operating at the intersection of public service, digital technology, and financial innovation, the twenty-something entrepreneur has positioned his enterprise as a bridge-builder, connecting early-stage youth demographics with established
- [Sokoto State University Convocation: Emir of Dutse and Technocrats Champion Skills-Based Economy](https://www.naijapreneur.com/sokoto-state-university-convocation-emir-of-dutse-and-technocrats-champion-skills-based-economy/) - At the combined 4th through 8th convocation ceremonies of Sokoto State University (SSU), the institution's Chancellor and Emir of Dutse, Alhaji Hameem Nuhu Sanusi, urged Nigerian youths to shift focus away from academic certificates toward self-reliance. Speaking during the convocation lecture in Sokoto, the royal father emphasized that national economic transformation hinges on developing an
- [Nigeria and Japan Set to Host Special Policy Dialogue in Abuja to Deepen Industrial and Trade Ties](https://www.naijapreneur.com/nigeria-and-japan-set-to-host-special-policy-dialogue-in-abuja-to-deepen-industrial-and-trade-ties/) - The Federal Government of Nigeria and the Government of Japan have finalized plans to host the high-level Nigeria-Japan Special Policy Dialogue in Abuja at the end of August 2026. The diplomatic milestone was confirmed during a bilateral meeting at the Ministry of Foreign Affairs in Abuja, where the Minister of State for Foreign Affairs, represented
- [How SMEs Anchor Economic Growth in Nigeria and the United Kingdom](https://www.naijapreneur.com/how-smes-anchor-economic-growth-in-nigeria-and-the-united-kingdom/) - While macroeconomic analysis frequently prioritizes state monetary policies, multinational conglomerates, and institutional equity markets, the primary engine of global economic resilience resides within small and medium-sized enterprises (SMEs). Comparative structural data from national business registries, development agencies, and economic research bodies confirms that small businesses form the operational backbone of both developing and advanced economies.
- [PZ Cussons Nigeria Restructures Balance Sheet with ₦49.1bn Net Profit, Erasing Capital Deficit](https://www.naijapreneur.com/pz-cussons-nigeria-restructures-balance-sheet-with-₦49-1bn-net-profit-erasing-capital-deficit/) - Fast-moving consumer goods manufacturer PZ Cussons Nigeria Plc has engineered a major financial turnaround for the fiscal year ended May 31, 2026, driven by top-line revenue expansion and aggressive corporate debt restructuring. The company's total revenue grew by 22% to hit ₦260.46 billion, up from ₦212.63 billion in the prior fiscal year. Enhanced operational efficiencies
- [Nombank Leverages Multi-Billion Naira Transaction Inflows to Disrupted SME Lending](https://www.naijapreneur.com/nombank-leverages-multi-billion-naira-transaction-inflows-to-disrupted-sme-lending/) - Nombank, the regulated banking subsidiary of Nigerian fintech giant Nomba, has pivoted its corporate strategy to scale its footprint within the country’s highly competitive Small and Medium Enterprise (SME) sector. Historically restricted by the rigid underwriting frameworks of traditional lenders—which typically demand physical collateral, audited balance sheets, and extensive paperwork—millions of viable micro-merchants have remained
- [Dangote Refinery Diversifies Feedstock with First-Ever UAE Crude Imports Amid Domestic Supply Limits](https://www.naijapreneur.com/dangote-refinery-diversifies-feedstock-with-first-ever-uae-crude-imports-amid-domestic-supply-limits/) - Nigeria’s Dangote Petroleum Refinery has adapted its crude sourcing strategy by procuring its first two cargoes of Middle Eastern crude oil from ADNOC of the United Arab Emirates (UAE). This structural shift breaks the facility's historical reliance on local and United States inputs; a 2025 S&P Global Commodity Insights analysis showed that Dangote had previously
- [Lagos Welcomes First EBRD Office as Banking Chief Matteo Patrone Arrives for Landmark Launch](https://www.naijapreneur.com/lagos-welcomes-first-ebrd-office-as-banking-chief-matteo-patrone-arrives-for-landmark-launch/) - To mark a major expansion into sub-Saharan Africa, the European Bank for Reconstruction and Development (EBRD) is officially establishing its physical presence in Nigeria this week. Matteo Patrone, the bank's Vice President for Banking, is leading a high-level diplomatic visit to Lagos from July 1 to July 3 to commission their brand-new operational hub. The
- [Social Media Directory Highlights 14 Open Empowerment and Capital Funding Schemes for Nigerian Youth](https://www.naijapreneur.com/social-media-directory-highlights-14-open-empowerment-and-capital-funding-schemes-for-nigerian-youth/) - A comprehensive directory detailing 14 actively open youth empowerment, financing, and technical upskilling opportunities has gone viral across Nigerian social media channels. Originally curated by digital researcher Oladepo Caleb Olugbenga (@YhungProf0), the index aggregates specialized programs backed by the Federal Government, national ministries, and international development partners. The compilation spans multiple critical sectors—including public education,
- [Building a Comprehensive Ecosystem for Nigerian SME Growth](https://www.naijapreneur.com/building-a-comprehensive-ecosystem-for-nigerian-sme-growth/) - While access to capital remains a vital baseline, sustainable growth for Nigerian Small and Medium Enterprises (SMEs) requires moving beyond traditional lending toward a fully integrated business ecosystem. Operating in a highly volatile landscape marked by soaring energy tariffs, rapid technological displacement, and intensifying regional competition under the AfCFTA, local enterprises must transition from mere
- [World Bank Launches $1.25 Billion 'NAIJA' Program Under New Seven-Year Strategy for Nigeria](https://www.naijapreneur.com/world-bank-launches-1-25-billion-naija-program-under-new-seven-year-strategy-for-nigeria/) - The World Bank has unveiled a new Country Partnership Framework (CPF) for Nigeria spanning 2026 to 2032, anchored by the immediate approval of a $1.25 billion development policy financing program titled Nigeria Actions for Investment and Jobs Acceleration (NAIJA). This structural intervention is designed to transition Nigeria's recent macroeconomic gains—such as increased government revenues, stabilized
- [Signature Snacks Global Drives Agricultural Value Chain and Female Empowerment via Nutritious Products](https://www.naijapreneur.com/signature-snacks-global-drives-agricultural-value-chain-and-female-empowerment-via-nutritious-products/) - Established in 2022 by founder Christina Akinrinde, Signature Snacks Global has grown from a localized venture into a structured food processing company addressing a critical deficit in Nigeria’s healthy food retail market. Spurred by personal wellness experiences and a visible lack of nutritious, accessible options for everyday consumers, the brand has scaled into a formally
- [FUDMA Vice-Chancellor Courtesies Alhaji Dahiru Mangal to Drive Innovation and Entrepreneurship](https://www.naijapreneur.com/fudma-vice-chancellor-courtesies-alhaji-dahiru-mangal-to-drive-innovation-and-entrepreneurship/) - The Vice-Chancellor of the Federal University Dutsin-Ma (FUDMA), Professor Muhammad Khalil Usman, has held strategic talks with the Chairman of Max Air and the AFDIN Group of Companies, Alhaji Dahiru Barau Mangal, to forge a partnership focused on research, industry innovation, and youth economic empowerment. Leading the university’s executive management team on a high-level courtesy
- [Finance Minister Proposes Special Commercial Tribunal and Cites Goal for $1 Trillion Capital Market](https://www.naijapreneur.com/finance-minister-proposes-special-commercial-tribunal-and-cites-goal-for-1-trillion-capital-market/) - At the Second Biennial Conference of the Capital Market Academics of Nigeria (CMAN) in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, proposed the establishment of a specialized Commercial Dispute Resolution Tribunal. Addressing an audience of regulators, academics, and market operators gathered under the theme "The Nigerian Capital Market as
- [RCCG Region 59 Set to Host Multi-Sector Strategic Capacity Summit in Lagos](https://www.naijapreneur.com/rccg-region-59-set-to-host-multi-sector-strategic-capacity-summit-in-lagos/) - The Corporate Social Responsibility (CSR) Department of the Redeemed Christian Church of God (RCCG), Region 59, has announced plans to host a major human capital development seminar themed “Empower Your Future: Skills for Business and Career Success.” Scheduled to take place on July 11, 2026, at the region’s headquarters, Victory Chapel in Magodo, Lagos, the
- [Inventa Nigeria and Beauty Hut Africa Host Virtual Intellectual Property Workshop for Beauty Tech Entrepreneurs](https://www.naijapreneur.com/inventa-nigeria-and-beauty-hut-africa-host-virtual-intellectual-property-workshop-for-beauty-tech-entrepreneurs/) - Intellectual property firm Inventa Nigeria has partnered with cosmetics distributor Beauty Hut Africa to host a specialized virtual masterclass titled "Protecting Beauty Innovations." Facilitated by Angela Adebayo Agbe-Davies, Managing Director of Inventa Nigeria, the webinar focused on bridging the knowledge gap regarding legal asset protection within Africa's multi-billion dollar cosmetics, skincare, and wellness wellness tech
- [Biodun and Ibikunle Foundation Opens Applications for SEEDINVEST Acceleration Program 2026](https://www.naijapreneur.com/biodun-and-ibikunle-foundation-opens-applications-for-seedinvest-acceleration-program-2026/) - The Biodun and Ibikunle Foundation (BIF) has officially opened the application window for its flagship SEEDINVEST Acceleration Program 2026. Explicitly curated to scale grassroots commercial productivity, the initiative targets promising Nigerian nano, micro, and small-scale business owners with zero-fee technical training, industry mentorship, and capital infrastructure assets. Recognizing the severe credit and machinery bottlenecks that
- [NDE Seeks Delta Government Support to Resettle Trained 'Renewed Hope' Beneficiaries](https://www.naijapreneur.com/nde-seeks-delta-government-support-to-resettle-trained-renewed-hope-beneficiaries/) - The Acting Director-General of the National Directorate of Employment (NDE), Edmund Onwuliri, has appealed to the Delta State Government to co-fund the resettlement of informal sector trainees under the Federal Government’s Renewed Hope Employment Initiative (RHEI). Speaking during a working visit to Asaba, Onwuliri met with the Secretary to the State Government (SSG), Dr. Kingsley
- [SMEDAN Launches ₦500 Million Zero-Interest 'Grow Fund' to Empower Nigerian MSMEs](https://www.naijapreneur.com/smedan-launches-₦500-million-zero-interest-grow-fund-to-empower-nigerian-msmes/) - The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled the Grow Fund for Small Businesses in Nigeria, a ₦500 million zero-interest revolving loan scheme. Announcing the initiative during a direct outreach with market traders, SMEDAN Director-General Charles Odii stated that the fund was specifically created to bypass high interest rates, steep collateral
- [EIB Global and Development Bank of Nigeria Seal €200 Million Deal to Power Green and Digital MSMEs](https://www.naijapreneur.com/eib-global-and-development-bank-of-nigeria-seal-e200-million-deal-to-power-green-and-digital-msmes/) - The European Investment Bank’s development arm, EIB Global, and the Development Bank of Nigeria (DBN) have signed a landmark €200 million credit facility at the DBN office in Lagos. The massive capital injection is explicitly structured to bridge long-standing financing gaps by providing affordable, long-term credit lines to local micro, small, and medium-sized enterprises (MSMEs),
- [Damilola Expands Business Portfolio with Launch of TC Gas to Drive Energy Solutions](https://www.naijapreneur.com/damilola-expands-business-portfolio-with-launch-of-tc-gas-to-drive-energy-solutions/) - Nigerian entrepreneur Damilola has announced the launch of TC Gas, a new energy venture established to provide reliable power solutions for domestic and commercial markets. The new entity joins his existing businesses, including TC Agro and TC Horizone Properties—which was established in December 2023—forming a diversified corporate group focused on long-term wealth creation, food security,
- [NASENI Unveils Community Empowerment Initiative in Kano to Address Industrial Skill Gaps](https://www.naijapreneur.com/naseni-unveils-community-empowerment-initiative-in-kano-to-address-industrial-skill-gaps/) - To bridge the gap between academic qualifications and practical marketplace competencies, the National Agency for Science and Engineering Infrastructure (NASENI) has launched its Community Empowerment Initiative in Science, Technology, Skills Acquisition, and Renewable Energy. The inaugural phase of the intervention kicked off in Kano State, establishing a targeted framework to equip local youths and women
- [Over 10,000 Youths Gather at UNILAG for Historic GiNN 5.0 Summit](https://www.naijapreneur.com/over-10000-youths-gather-at-unilag-for-historic-ginn-5-0-summit/) - More than 10,000 young people gathered at the University of Lagos Sports Centre for the fifth edition of the Gen Z Involvement in a New Nigeria summit, popularly known as GiNN 5.0. Hosted by Javis and Alexis under the theme "The Naija Spirit," the convention created a high-energy platform for participants to interface directly with
- [Geopolitical Price Surges Boost Nigeria’s Five-Month Crude Export Revenue to N20.22 Trillion](https://www.naijapreneur.com/geopolitical-price-surges-boost-nigerias-five-month-crude-export-revenue-to-n20-22-trillion/) - Between January and May 2026, Nigeria exported approximately 148.9 million barrels of crude oil, generating an estimated N20.22 trillion ($14.66 billion) in foreign exchange. Data sourced from the Central Bank of Nigeria reveals a compelling market anomaly: while total export volumes actually dropped by 5.1 million barrels (a 3.3% year-on-year decline compared to 2025), net
- [RCCG Throne Room Business Summit Tasks Entrepreneurs on Moving from "Hustling" to Structured Systems](https://www.naijapreneur.com/rccg-throne-room-business-summit-tasks-entrepreneurs-on-moving-from-hustling-to-structured-systems/) - At a business summit hosted by the Redeemed Christian Church of God (RCCG), Throne Room Parish in Wuse, Abuja, corporate leaders and clergymen urged Nigerian entrepreneurs to transition away from basic "hustling" toward formal corporate structures. Speaking under the theme "Building Systems and Structures for a Sustainable Business," the Host Pastor, Emmanuel Mulero, stated that
- [Anambra Government Reaffirms Strategic Support for Small Businesses](https://www.naijapreneur.com/anambra-government-reaffirms-strategic-support-for-small-businesses/) - To mark World MSME Day, celebrated under the theme "The Future Generation of MSMEs," the Anambra State Government has restated its commitment to building a highly competitive small business ecosystem. In an official statement, the State Commissioner for Commerce, Mr. Nonso Chukwuma Ebonwu, described micro, small, and medium-sized enterprises as the primary engine of the
- [Juliet Ukpabio Archibong Launches 'FromAfricaB2B' to Connect African SMEs with International Markets](https://www.naijapreneur.com/juliet-ukpabio-archibong-launches-fromafricab2b-to-connect-african-smes-with-international-markets/) - Nigerian entrepreneur and trade specialist Juliet Ukpabio Archibong has launched FromAfricaB2B, a digital business-to-business marketplace designed to integrate African small and medium-sized enterprises (SMEs) into the global supply chain. The digital gateway allows local firms to set up complimentary business profiles to highlight their products, services, and operational capabilities. By centralizing product offers and purchase
- [Stanbic IBTC Bank Launches Four-City Regional SME Tour to Drive Grassroots Enterprise Growth](https://www.naijapreneur.com/stanbic-ibtc-bank-launches-four-city-regional-sme-tour-to-drive-grassroots-enterprise-growth/) - Following a successful inaugural event in Lagos that attracted nearly 2,000 physical participants, Stanbic IBTC Bank has announced a nationwide regional expansion of its flagship SME summit. The specialized tour is strategically structured to deliver direct corporate development, funding opportunities, and financial advisory services directly to business owners within their local markets. The phased regional
- [Economic Reforms Yet to Ease Business Hardships Amid New ESG Launch](https://www.naijapreneur.com/economic-reforms-yet-to-ease-business-hardships-amid-new-esg-launch/) - At the fifth Nigeria Employers’ Summit in Abuja, the Nigeria Employers’ Consultative Association (NECA) stated that while recent federal macroeconomic reforms are necessary for long-term growth, they have yet to relieve the severe operational burdens on businesses. Under the theme "Leveraging Reforms and ESG for Enterprise Competitiveness and Inclusive National Growth," NECA President Ifeanyi Okoye—represented
- [Lagos Hosts 6th Canada-Africa Conference as Canadian Firms Eye Nigerian Market Expansion](https://www.naijapreneur.com/lagos-hosts-6th-canada-africa-conference-as-canadian-firms-eye-nigerian-market-expansion/) - The Canada-Africa Chamber of Business recently convened a high-level conference at the Eko Hotel & Suites in Lagos, bringing together a delegation of 31 Canadian companies alongside regional policymakers, diplomats, and corporate executives. The forum aimed to scale up bilateral commerce and position Nigeria as the primary entry point for Canadian investments targeting the broader
- [Entertainment Leaders and AFRIMA Convene in Casablanca to Boost Africa's Creative Economy](https://www.naijapreneur.com/entertainment-leaders-and-afrima-convene-in-casablanca-to-boost-africas-creative-economy/) - A coalition of Africa's leading filmmakers, musicians, and investment stakeholders have urged for stronger regional collaboration and strategic funding to elevate the continent's creative industries on the global stage. The collaborative call was made during the Africa Music Business Conference in Casablanca, Morocco. Hosted at the Marriott Hotel, the event was organized by the All
- [Governor Otti Tasks Broadcasters on Combating Misinformation](https://www.naijapreneur.com/governor-otti-tasks-broadcasters-on-combating-misinformation/) - The Society of Nigeria Broadcasters (SNB), Abia State Chapter, recently held its 2026 Annual Conference at the Women Development Centre in Umuahia, focusing heavily on how modern media drives rural development. Themed "Broadcasting Beyond the Signal: Community Impact in the Digital Era," the event gathered top industry experts, academics, and policymakers. Governor Alex Otti, represented
- [ALTON Backs NCC Push for Made-in-Nigeria Smartphones to Lower Costs and Advance Tech Sector](https://www.naijapreneur.com/alton-backs-ncc-push-for-made-in-nigeria-smartphones-to-lower-costs-and-advance-tech-sector/) - The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has voiced strong support for the Nigerian Communications Commission’s (NCC) initiative to establish a domestic smartphone manufacturing pipeline. ALTON Chairman Gbenga Adebayo stated that the push is a highly practical intervention to bridge the digital divide and accelerate broadband adoption across the country. The telecom body’s
- [ECOWAS Points to AfCFTA Market Potential and Abidjan-Lagos Corridor to Attract EU Investment](https://www.naijapreneur.com/ecowas-points-to-afcfta-market-potential-and-abidjan-lagos-corridor-to-attract-eu-investment/) - Following a recent official visit to Nigeria, the European Union has moved rapidly to strengthen its commercial ties with Africa’s economic powerhouse, emphasizing a shared commitment to sustainable job creation and value-chain development. At the Nigeria-EU Business Forum, regional leaders pointed out that Nigeria's trade relationship with the EU has steadily expanded, now reaching an
- [Nigeria Taps First Abu Dhabi Bank for $5 Billion Swap Line to Fund 2026 Budget](https://www.naijapreneur.com/nigeria-taps-first-abu-dhabi-bank-for-5-billion-swap-line-to-fund-2026-budget/) - The Federal Government of Nigeria has finalized the first installment of a $5 billion Total Return Swap (TRS) facility with First Abu Dhabi Bank, the largest lender in the United Arab Emirates. Approved by the National Assembly on March 31, the transaction proceeds despite mounting transparency concerns from global financial institutions. The capital injection is
- [Governor Bassey Otu Wins Presidency’s Most MSME-Friendly Governor Award](https://www.naijapreneur.com/governor-bassey-otu-wins-presidencys-most-msme-friendly-governor-award/) - Cross River State Governor, Senator Bassey Edet Otu, has received the "Most MSME-Friendly Governor Award" from the Presidency at the 8th National MSME Awards in Abuja. Held at the State House to coincide with World MSME Day, the event recognized Governor Otu for implementing progressive regulatory reforms that have expanded credit access and revitalized small
- [SMEDAN Unveils $12m Korean Skills Hub and N500m Interest-Free Fund for Market Traders](https://www.naijapreneur.com/smedan-unveils-12m-korean-skills-hub-and-n500m-interest-free-fund-for-market-traders/) - To celebrate World MSME Day 2026, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a $12 million commitment from the South Korean Government to build an advanced Skills Acquisition Centre in Abuja. SMEDAN Director-General Charles Odii announced that the hub will provide vocational and entrepreneurship training to thousands of young citizens.
- [Federal Government Waives CAC Registration Fees for 250,000 Small Businesses Across Nigeria](https://www.naijapreneur.com/federal-government-waives-cac-registration-fees-for-250000-small-businesses-across-nigeria/) - In an effort to accelerate financial inclusion and alleviate the regulatory hurdles faced by small enterprises, President Bola Tinubu has approved the free registration and formalization of 250,000 Micro, Small, and Medium Enterprises (MSMEs). The announcement was made during the 8th National MSME Awards 2026 held at the State House in Abuja. The intervention targets
- [National Debate Sparks Over Informal Sector Empowerment Strategy](https://www.naijapreneur.com/national-debate-sparks-over-informal-sector-empowerment-strategy/) - A recent public statement by Senator Oluremi Tinubu encouraging Nigerian youths to pursue roadside enterprises—such as selling akara, roasted corn, and kuli-kuli—has ignited a passionate national conversation. While proponents argue that the advice champions the dignity of labor, self-reliance, and basic entrepreneurship, critics have labeled the ideology "Akaraeconometrics." The term has quickly gone viral on
- [10th Nigeria-EU Business Forum Highlights Nigeria as a Prime Investment Hub](https://www.naijapreneur.com/10th-nigeria-eu-business-forum-highlights-nigeria-as-a-prime-investment-hub/) - At the 10th Nigeria-European Union Business Forum held in Lagos, European and Nigerian officials, investors, and business leaders convened to expand bilateral trade and sustainable development. In a video address, Kaja Kallas, the High Representative of the European Union for Foreign Affairs and Security Policy, described Nigeria as an African economic powerhouse and a priority
- [Stuck Entrepreneurs Find Direction at Lagos ‘Led by God, Not by Guesswork’ Masterclass](https://www.naijapreneur.com/stuck-entrepreneurs-find-direction-at-lagos-led-by-god-not-by-guesswork-masterclass/) - A faith-driven business masterclass in Ikeja pairs spiritual clarity with practical strategy. LAGOS — For many of the business owners who filled a hall in Ikeja on Tuesday, the most uncomfortable line of the day was also the most freeing: sometimes a business is not stuck because the owner is lazy, but because the owner
- [Kaduna and Abuja Emerge as Key Hotspots in Nigeria's Strategic Mineral Breakthrough](https://www.naijapreneur.com/kaduna-and-abuja-emerge-as-key-hotspots-in-nigerias-strategic-mineral-breakthrough/) - Nigeria's mining industry has hit a major milestone following the discovery of a highly valuable polymetallic mineral zone in Kaduna State. Announced by the Minister of Solid Minerals Development, Dr. Dele Alake, the area boasts premium deposits of gold, copper, nickel, lithium, rare earth elements, and platinum group metals. The find was uncovered by private
- [Iconic Premier Hotel Reopens in Ibadan Following Major Renovation](https://www.naijapreneur.com/iconic-premier-hotel-reopens-in-ibadan-following-major-renovation/) - The historic Premier Hotel, situated on Mokola Hill in Ibadan, has officially reopened following a comprehensive rehabilitation project by the Odu’a Investment Company Limited. President Bola Tinubu, represented by the Secretary to the Government of the Federation, George Akume, led the commissioning ceremony. He praised the project as a critical revival of a national heritage
- [PalmPay Champions SME Growth in Nigeria with Digital Solutions and Targeted Grants](https://www.naijapreneur.com/palmpay-champions-sme-growth-in-nigeria-with-digital-solutions-and-targeted-grants/) - Micro, Small, and Medium Enterprises (MSMEs) make up roughly 96% of Nigerian businesses and generate nearly half of the nation's GDP, yet many fail within five years due to poor cash flow, high costs, and limited financing. Speaking at the 2026 Digital PayExpo, PalmPay Managing Director Chika Nwosu highlighted that resolving these funding and infrastructure
- [First Bank Teams Up with Former Finance Minister Kemi Adeosun to Empower SMEs](https://www.naijapreneur.com/first-bank-teams-up-with-former-finance-minister-kemi-adeosun-to-empower-smes/) - First Bank of Nigeria has partnered with Kemi Adeosun, the nation's former Minister of Finance, to provide small and medium-sized enterprises (SMEs) with the critical skills and strategies required to secure business financing. Speaking at the bank’s Q2 2026 SMEConnect webinar, Adeosun pointed out that since 84% of the Nigerian workforce relies on SMEs and
- [ACCI Urges Single-Digit Interest Rates and Business-Friendly Tax Reforms](https://www.naijapreneur.com/acci-urges-single-digit-interest-rates-and-business-friendly-tax-reforms/) - Speaking at a press conference for the upcoming 21st Abuja International Trade Fair (AITF), Professor Adesoji Adesugba, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), pushed for sweeping economic adjustments to support local industries. Adesugba argued that for Nigerian businesses to effectively compete on a global scale—particularly with manufacturing giants
- [Fidelity Bank Earns Top DBN Honor for Advising and Funding Unbanked Nigerian MSMEs](https://www.naijapreneur.com/fidelity-bank-earns-top-dbn-honor-for-advising-and-funding-unbanked-nigerian-msmes/) - Fidelity Bank Plc has been recognized by the Development Bank of Nigeria (DBN) for its exceptional efforts in bringing previously unbanked and credit-excluded small businesses into the formal financial system. Ugochi Osinigwe, the bank's Divisional Head of SME Banking, expressed appreciation for the accolade, noting that the award validates Fidelity’s holistic strategy of blending capital,
- [Nigeria-Philippines Bilateral Commerce Hits New Heights](https://www.naijapreneur.com/nigeria-philippines-bilateral-commerce-hits-new-heights/) - Driven by expanding corporate partnerships and deep cultural ties, the volume of bilateral trade between Nigeria and the Philippines has recorded an unprecedented 700 percent increase over a three-year period. The figures were disclosed by the Philippines’ Ambassador to Nigeria, Mersole J. Mellejor, during the 128th Independence Anniversary celebration of the Republic of the Philippines
- [NCGC and SMEDAN Ink Strategic Pact to Boost MSME Credit Access and De-Risk Small Business Lending](https://www.naijapreneur.com/ncgc-and-smedan-ink-strategic-pact-to-boost-msme-credit-access-and-de-risk-small-business-lending/) - In a major move to unlock funding for small businesses, the National Credit Guarantee Company (NCGC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have officially signed a Memorandum of Understanding (MoU).The partnership creates a stronger framework to tackle the financing challenges facing Nigeria's micro, small, and medium enterprises (MSMEs)—especially nano and
- [Streamlining Festival Logistics: Foodstuff Store Secures B2B Pact with Kilishi Fest](https://www.naijapreneur.com/streamlining-festival-logistics-foodstuff-store-secures-b2b-pact-with-kilishi-fest/) - In a bid to scale food entrepreneurship and promote northern Nigeria's culinary heritage, emerging food supply brand Foodstuff Store has signed a master partnership agreement with the organizers of the annual Kilishi Festival. The structured alliance positions Foodstuff Store as the exclusive B2B backbone and primary procurement vendor for the highly anticipated cultural event, scheduled
- [Stablecoin Payments Firm Daya Closes $2.4 Million Pre-Seed Round to Streamline African Cross-Border Trade](https://www.naijapreneur.com/stablecoin-payments-firm-daya-closes-2-4-million-pre-seed-round-to-streamline-african-cross-border-trade/) - Directing advanced blockchain infrastructure toward West Africa's merchant landscape, stablecoin-native fintech startup Daya has secured $2.4 million in an oversubscribed pre-seed funding round. The investment was led by Hivemind Capital, with active participation from Alliance, Lattice, Globelink, and the Aptos Foundation. The freshly injected capital is earmarked to scale the company’s automated cross-border treasury infrastructure,
- [The Mabo Group Blueprint: Multi-Sector Conglomerate Dynamics and Corporate Social Impact](https://www.naijapreneur.com/the-mabo-group-blueprint-multi-sector-conglomerate-dynamics-and-corporate-social-impact/) - Within Sub-Saharan Africa's competitive corporate landscape, achieving sustainable multi-sector scale requires a delicate balance of technical expertise, strict operational logistics, and localized supply chain integration. Under the leadership of its Group Managing Director and Chief Executive Officer, Engr. Obinna Okechukwu, Mabo Group of Companies Limited has established itself as a diversified conglomerate. Its high-yield portfolio
- [FCMB Blueprints Four Strategic Ecosystem Pillars to Move SMEs Beyond Survival into Global Competition](https://www.naijapreneur.com/fcmb-blueprints-four-strategic-ecosystem-pillars-to-move-smes-beyond-survival-into-global-competition/) - The primary question framing the Nigerian small business landscape has fundamentally shifted. As domestic enterprises consistently demonstrate extreme resilience through severe macroeconomic downturns, industry stakeholders argue that the conversation must move past mere survival and toward long-term, sustainable scale and global trade readiness. According to a cross-sectional market analysis presented by First City Monument Bank
- [Senate Passes Historic Factoring Bill to Unlock Alternative Financing for Cash-Strapped MSMEs](https://www.naijapreneur.com/senate-passes-historic-factoring-bill-to-unlock-alternative-financing-for-cash-strapped-msmes/) - Moving to bridge the chronic credit gap plaguing small scale commerce, the Senate of the Federal Republic of Nigeria has officially passed the Factoring, Assignments and Receivables Financing Bill, 2026. The legislative milestone follows more than a decade of policy advocacy and technical guidance led by the African Export-Import Bank (Afreximbank), the Nigerian Export-Import Bank
- [Jaiz Bank Plc Materializes 57% Dividend Bump; Oil Tycoon Muhammadu Indimi Slated for ₦1.44 Billion Payout](https://www.naijapreneur.com/jaiz-bank-plc-materializes-57-dividend-bump-oil-tycoon-muhammadu-indimi-slated-for-₦1-44-billion-payout/) - Following its stellar fiscal performance, Jaiz Bank Plc has officially approved a final dividend of 11 kobo per ordinary share for the 2025 financial year. This represents a 57 percent increase over the 7 kobo distributed to investors during the prior year, highlighting the growing profitability within Sub-Saharan Africa's non-interest banking ecosystem. The upward adjustment
- [Dr. Clement on Redefining Nigeria's SME Growth Engine](https://www.naijapreneur.com/dr-clement-on-redefining-nigerias-sme-growth-engine/) - In an interview timed ahead of World SME Day, Dr. Seyefar Clement outlined a decade of experience advising Small and Medium-sized Enterprises (SMEs) across Nigeria and the United Kingdom. His core argument is that capital injections alone cannot fix structurally weak businesses; sustainable growth requires a deep shift in founder mindsets, strict financial literacy, and
- [Leading Ladies Africa Partners with The Coca-Cola Foundation to Train and Fund 1,000 Female Entrepreneurs](https://www.naijapreneur.com/leading-ladies-africa-partners-with-the-coca-cola-foundation-to-train-and-fund-1000-female-entrepreneurs/) - To tackle localized economic insecurity and accelerate micro-enterprise growth, women-focused non-profit organization Leading Ladies Africa (LLA) has received a development grant from The Coca-Cola Foundation to expand its Enterprise and Leadership Programme (ELP). The grant will enable the initiative to scale up its reach significantly, providing business education, structural technical guidance, and seed funding directly
- [President Tinubu Commends Mastercard Partnership, Reveals 10,000 Daily MSME Registrations Amid Digital Reforms](https://www.naijapreneur.com/president-tinubu-commends-mastercard-partnership-reveals-10000-daily-msme-registrations-amid-digital-reforms/) - President Bola Ahmed Tinubu has labeled Nigeria’s youthful population as the nation's premier economic asset, urging global technology giants to deepen their local investments to harness this tech-savvy workforce. The President made the remarks at the State House in Abuja during a high-level strategic meeting with a delegation from Mastercard, led by its Global Chief
- [SEC Cracks Down on Premature Dangote Refinery IPO Marketing, Orders Operator Refunds](https://www.naijapreneur.com/sec-cracks-down-on-premature-dangote-refinery-ipo-marketing-orders-operator-refunds/) - Moving to protect market integrity, Nigeria’s Securities and Exchange Commission (SEC) has issued a strict Cease and Desist Order, banning all marketing and promotional activities tied to a purported Initial Public Offering (IPO) of the Dangote Petroleum Refinery & Petrochemicals FZE. The regulatory intervention follows a sudden flood of unauthorized advertisements, digital banners, flyers, and
- [Nigeria Shifts to Net Petroleum Exporter to Togo, Fueling Re-Importation Debate](https://www.naijapreneur.com/nigeria-shifts-to-net-petroleum-exporter-to-togo-fueling-re-importation-debate/) - In a dramatic reversal of historical trade patterns, Nigeria has transitioned into a dominant net exporter of refined petroleum products to neighboring West African nations. According to the National Bureau of Statistics (NBS) Foreign Trade Statistics Report for the first quarter of 2026, published by The Punch, Togo alone imported ₦278.36 billion worth of gas
- [Scale Is A Dirty Wor(d)k](https://www.naijapreneur.com/scale-is-a-dirty-word/) - Every pitch deck hides a dirty secret: operations. I was reminded of this yet again recently. Tuesday, I spent a few hours with a multimillion-dollar investor reviewing two investment opportunities—a healthtech company and a fintech startup. The conversations were made memorable not by the sectors, technology, or projected returns, but by a simple reminder: businesses
- [The Art of the Investor Update—and Why Most Founders Get It Wrong](https://www.naijapreneur.com/the-art-of-the-investor-update-and-why-most-founders-get-it-wrong/) - Somewhere in the calendar of every founder who has raised institutional or angel capital, there is a recurring obligation that inspires a particular species of procrastination. The investor update. It sits on the to-do list longer than it should. It gets pushed when things are complicated—when the numbers are not moving in the right direction,
- [Pharmacy Student Khadija Builds 'Fragrant Flair' from Borno State to Democratize Premium Scents](https://www.naijapreneur.com/pharmacy-student-khadija-builds-fragrant-flair-from-borno-state-to-democratize-premium-scents/) - MAIDUGURI, NIGERIA — Turning a deep scientific understanding of molecular mixing into a commercial enterprise, a Nigerian pharmacy student has built a fast-growing fragrance brand from Borno State. Khadija launched Fragrant Flair in 2023, operating on a foundational premise that personal care and identity-defining scents should not be gated as luxury items, but should remain
- [NASENI and AfriLabs Roll Out 'InnovateNaija' Campaign to Fund and Scale Grassroots Deep-Tech Across 36 States](https://www.naijapreneur.com/naseni-and-afrilabs-roll-out-innovatenaija-campaign-to-fund-and-scale-grassroots-deep-tech-across-36-states/) - Moving beyond concentrated urban startup hubs like Lagos and Abuja, the National Agency for Science and Engineering Infrastructure (NASENI) has partnered with AfriLabs to launch InnovateNaija. The ₦250 million national campaign is explicitly designed to discover, fund, and scale homegrown deep-tech inventions engineered by grassroots innovators across all 36 states and the Federal Capital Territory
- [Air Peace CEO Allen Onyema Advocates Non-Violent Economic Boycott of South Africa Amid Renewed Xenophobia](https://www.naijapreneur.com/air-peace-ceo-allen-onyema-advocates-non-violent-economic-boycott-of-south-africa-amid-renewed-xenophobia/) - The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, has called on Nigerians to adopt a strict, non-violent economic boycott of South Africa. The proposal comes in response to a volatile wave of anti-immigrant and xenophobic hostilities currently targeting African migrants and their commercial properties. Speaking during an exclusive interview on Arise Television,
- [Public Backlash Erupts Over IMF Proposal for Fresh Telecom and Fuel Taxes in Nigeria](https://www.naijapreneur.com/public-backlash-erupts-over-imf-proposal-for-fresh-telecom-and-fuel-taxes-in-nigeria/) - A wave of public anger has swept across Nigeria following recommendations from the International Monetary Fund (IMF) urging the Federal Government to slap new taxes on telecommunications services and petroleum products. The controversial proposal, detailed in the IMF’s latest Article IV Consultation Report, was pitched as a strategy to boost state revenues and fund social
- [Egbin Power Plc Graduates First Cohort of Community Tech Empowerment Programme](https://www.naijapreneur.com/egbin-power-plc-graduates-first-cohort-of-community-tech-empowerment-programme/) - Moving beyond its core mandate of electricity generation, Egbin Power Plc has officially graduated its first cohort of 24 youth innovators from its newly established Tech Empowerment Programme. The graduation ceremony, held at the Bright Gyimah Innovation Centre inside Powerfields Schools in Ikorodu, marked the completion of an intensive six-month digital boot camp designed to
- [General Daren Tang Inaugurates Nigeria Office, Launches IP Benchbook to Scale Creative Economy](https://www.naijapreneur.com/general-daren-tang-inaugurates-nigeria-office-launches-ip-benchbook-to-scale-creative-economy/) - Marking a historic milestone for West Africa's creative and tech sectors, the Director General of the World Intellectual Property Organization (WIPO), Daren Tang, has officially inaugurated the WIPO Nigeria Office in Abuja. The high-level diplomatic mission included bilateral meetings with Vice President Kashim Shettima and key federal ministers to fast-track the implementation of Nigeria's National
- [Federal Government and South Korea Launch Abuja Centre for Entrepreneurship (ACE) Project to Power Startups](https://www.naijapreneur.com/federal-government-and-south-korea-launch-abuja-centre-for-entrepreneurship-ace-project-to-power-startups/) - The Federal Government of Nigeria and the Republic of South Korea have officially launched a multi-million dollar bilateral initiative to accelerate technology-driven entrepreneurship, job creation, and economic growth. The program is being driven by the Abuja Centre for Entrepreneurship (ACE) project—a strategic partnership between the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and
- [Lafarge Africa Officially Rebrands to HBM Nigeria Plc Following $1 Billion Takeover](https://www.naijapreneur.com/lafarge-africa-officially-rebrands-to-hbm-nigeria-plc-following-1-billion-takeover/) - Building solutions provider Lafarge Africa Plc has officially changed its corporate identity and name to HBM Nigeria Plc. The transition follows a $1 billion takeover by Chinese cement manufacturer Huaxin Building Materials (HBM). The structural rebranding was finalized after a majority shareholder vote at the company’s 67th Annual General Meeting (AGM), led by Board Chairman
- [Wema Bank Partners with EIB Global to Launch €50 Million SME Investment Package Targeting Youth and Women](https://www.naijapreneur.com/wema-bank-partners-with-eib-global-to-launch-e50-million-sme-investment-package-targeting-youth-and-women/) - Wema Bank Plc has signed a landmark €50 million (approx. ₦78.5 billion) credit facility with EIB Global, the development branch of the European Investment Bank. The agreement, finalized at Wema Bank's headquarters in Lagos, marks the first-ever transaction between the two financial institutions. The wholesale financing package is designed to lower borrowing costs for small
- [OPay Expands Northern Footprint with New Corporate Office in Kaduna State](https://www.naijapreneur.com/opay-expands-northern-footprint-with-new-corporate-office-in-kaduna-state/) - Digital financial services provider OPay has officially launched a new regional office in Kaduna State, marking a major step forward in its strategy to deepen financial inclusion across Northern Nigeria. The launch event brought together local merchants, trade group representatives, and members of the fintech firm's executive leadership team. The new Kaduna facility is designed
- [WaterAid Nigeria and SMEDAN Empower Female Local Area Mechanics to Drive WASH Infrastructure Sustainability](https://www.naijapreneur.com/wateraid-nigeria-and-smedan-empower-female-local-area-mechanics-to-drive-wash-infrastructure-sustainability/) - To break structural gender barriers and reduce long-term maintenance costs for public utility systems, WaterAid Nigeria has partnered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to formalize an all-female technical network in Lagos State. The initiative focuses on reviewing the impact of the Advancing Inclusive Water, Sanitation, and Hygiene (AI-WASH) project,
- [Dangote Refinery Appoints Zedcrest Securities to Lead Landmark IPO Listing on Nigerian Exchange (NGX)](https://www.naijapreneur.com/dangote-refinery-appoints-zedcrest-securities-to-lead-landmark-ipo-listing-on-nigerian-exchange-ngx/) - LAGOS, NIGERIA — In a major move for West Africa’s capital markets, the Dangote Refinery has appointed Zedcrest Securities as one of the key market operators to manage its upcoming initial public offering (IPO) and planned listing on the Nigerian Exchange (NGX). The proposed transaction is widely anticipated to rank among the largest equity capital
- [Paystack Shifts Focus Beyond Payments, Launches Small Business Program for Nigerian SMEs](https://www.naijapreneur.com/paystack-shifts-focus-beyond-payments-launches-small-business-program-for-nigerian-smes/) - African payments technology giant Paystack has officially launched a major support initiative aimed at helping local merchants survive and scale. The Paystack Small Business Program moves the company beyond pure transaction processing, positioning it as an end-to-end growth partner for the micro, small, and medium enterprise ($\text{SME}$) ecosystem. The program addresses everyday operational hurdles—such as
- [Lagos Explores Multi-Sector Partnerships at World Gastronomy Day to Build a Resilient Food Economy](https://www.naijapreneur.com/lagos-explores-multi-sector-partnerships-at-world-gastronomy-day-to-build-a-resilient-food-economy/) - The Lagos State Ministry of Agriculture and Food Systems has called for stronger, structured collaborations across the public and private sectors to unlock the massive financial potential of the country's culinary ecosystem. The call was made during the 2026 World Gastronomy Day celebration, hosted in partnership with Culinara Group, Tantacom, and the Most Influential People
- [Lagos State Ministry of Agriculture Launches 'Lagos Agrithon 2026' with ₦200 Million Grant Pool](https://www.naijapreneur.com/lagos-state-ministry-of-agriculture-launches-lagos-agrithon-2026-with-₦200-million-grant-pool/) - In an aggressive move to accelerate localized food production and minimize severe post-harvest storage losses, the Lagos State Ministry of Agriculture and Food Systems has officially opened applications for the Lagos Agrithon 2026. The flagship innovation challenge is explicitly designed to identify, fund, and scale high-impact agritech startups, innovation-driven enterprises, and early-stage agribusiness entrepreneurs across
- [Lagos Ministry of Agriculture Unveils Strategic Plan to Transition Culinary Arts into a Key Economic Driver](https://www.naijapreneur.com/lagos-ministry-of-agriculture-unveils-strategic-plan-to-transition-culinary-arts-into-a-key-economic-driver/) - The intersection of local crop harvesting, culinary tourism, and structural supply chain management took center stage in Lagos as the state moved to formalize its multi-billion Naira food economy. At a landmark gathering at The Library on Victoria Island, the Lagos State Ministry of Agriculture and Food Systems—in partnership with Culinara Group, Tantacom, and the
- [Rivers State Government Partners PEBEC to Drive Ease of Doing Business and De-Risk Private Capital Inflows](https://www.naijapreneur.com/rivers-state-government-partners-pebec-to-drive-ease-of-doing-business-and-de-risk-private-capital-inflows/) - Removing regional red tape and simplifying corporate compliance has become the primary strategy for sub-national governments looking to capture foreign direct investment. At a high-profile technical workshop in Port Harcourt, the Rivers State Government teamed up with the Presidential Enabling Business Environment Council (PEBEC) and the Rivers State Investment Promotion Agency (RSIPA) to launch a
- [NCC and CAC Launch Joint Regulatory Framework Mandating Share Approval for Telecom Operators](https://www.naijapreneur.com/ncc-and-cac-launch-joint-regulatory-framework-mandating-share-approval-for-telecom-operators/) - In a major move to tighten corporate oversight and prevent market monopoly, the Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have rolled out a strict new compliance directive. The joint policy mandates that all licensed telecommunications firms in Nigeria must obtain formal regulatory clearance before executing any significant changes in ownership or
- [UNHCR and TGI Group Form Strategic Alliance to Launch WACOT Agri-Project in Benue and Cross River](https://www.naijapreneur.com/unhcr-and-tgi-group-form-strategic-alliance-to-launch-wacot-agri-project-in-benue-and-cross-river/) - Moving away from short-term humanitarian handouts, international development agencies and private agro-industrial conglomerates are shifting toward market-driven economic models to tackle displacement crises. The United Nations High Commissioner for Refugees (UNHCR) has signed a three-year economic empowerment pact with TGI Group. The project will be executed by TGI's specialized agribusiness arm, WACOT Limited, across Benue
- [Chief Anthony Okafor Urges Students to Anchor Academic Degrees with Entrepreneurial Skills](https://www.naijapreneur.com/chief-anthony-okafor-urges-students-to-anchor-academic-degrees-with-entrepreneurial-skills/) - Relying solely on formal university degrees without building practical business skills is becoming highly risky for graduates entering the modern African job market. At the 2026 induction ceremony for the Department of Educational Foundations at Nnamdi Azikiwe University (UNIZIK), Awka, students were challenged to break out of traditional academic bubbles and actively combine their studies
- [FBN Holdings Concludes ₦29.6 Billion Private Placement Tranche to Back FirstBank’s ₦1 Trillion Capitalization Push](https://www.naijapreneur.com/fbn-holdings-concludes-₦29-6-billion-private-placement-tranche-to-back-firstbanks-₦1-trillion-capitalization-push/) - FBN Holdings Plc (First HoldCo) has successfully executed the second tranche of its capital restoration programme, raising ₦29.6 billion through a private placement offered at ₦44 per share. The transaction price reflects a strategic discount compared to the stock’s recent closing market price of ₦61 per share on the Nigerian Exchange (NGX). The financial group
- [Standard Bank Group Targets Nigeria in $15.4 Billion SME and Intra-African Trade Push](https://www.naijapreneur.com/standard-bank-group-targets-nigeria-in-15-4-billion-sme-and-intra-african-trade-push/) - Standard Bank Group Limited, Africa’s largest lender by assets, has launched a major expansion strategy across five fast-growing African markets. The bank aims to tap into an estimated $15.4 billion (R250 billion) revenue pool driven by expanding small and medium-sized enterprises ($\text{SMEs}$) and rising cross-border trade. The group’s strategy is led by Bill Blackie, Chief
- [WBAF Investors Week: Stakeholders Push for Cross-Border Angel Financing as Capital Inflows to Tech Startups Hit 7-Year Low](https://www.naijapreneur.com/wbaf-investors-week-stakeholders-push-for-cross-border-angel-financing-as-capital-inflows-to-tech-startups-hit-7-year-low/) - The sharp funding slowdown hitting Africa's digital economy has sparked urgent calls for a shift from institutional venture capital firms to early-stage angel investor networks. At the World Business Angels Investors Week 2026 summit in Lagos, international finance experts argued that structured angel syndicates are now essential to protect tech startups from capital shortages and
- [Flutterwave and ASIF Partner with Lawmakers to Deploy ₦72 Million in Seed Capital to 149 Entrepreneurs](https://www.naijapreneur.com/flutterwave-and-asif-partner-with-lawmakers-to-deploy-₦72-million-in-seed-capital-to-149-entrepreneurs/) - The National Youth Entrepreneurship and Empowerment Programme ($\text{YEEP 2026}$) summit concluded its primary deployment cycle in the Federal Capital Territory, resulting in a direct multi-million Naira liquidity injection into Nigeria’s early-stage creative and artisanal retail ecosystems. The initiative, co-organized by the non-profit Activate Success International Foundation (ASIF) and Africa's payments technology company Flutterwave, targeted a
- [DBN Secures €200 Million Global Gateway Fund from EIB to Finance Climate, Agritech, and Digital Startups](https://www.naijapreneur.com/dbn-secures-e200-million-global-gateway-fund-from-eib-to-finance-climate-agritech-and-digital-startups/) - Easing credit conditions for early-stage and mid-market firms has become a focal point for economic policymakers aiming to buffer sub-Saharan Africa against macroeconomic shocks. While small businesses make up nearly 96% of registered enterprises across Nigeria and provide the bulk of local employment, high interest rates and stiff collateral rules from commercial lenders frequently lock
- [Flour Mills of Nigeria Deploys ₦45 Billion Redistribution Fund at 2026 Golden Penny Dealers Conference](https://www.naijapreneur.com/flour-mills-of-nigeria-deploys-₦45-billion-redistribution-fund-at-2026-golden-penny-dealers-conference/) - Amid tightening profit margins and rising overhead costs within Nigeria’s fast-moving consumer goods ($\text{FMCG}$) sector, consumer food giant Flour Mills of Nigeria Plc ($\text{FMN}$) has launched an aggressive supply chain intervention to protect its downstream distribution channels. At the annual Golden Penny B2C Dealers and Sales Conference held at Balmoral Hall in Ikeja, the company
- [Automated HR Systems and Payroll Finance Unlocked to Support Workforce Retention](https://www.naijapreneur.com/automated-hr-systems-and-payroll-finance-unlocked-to-support-workforce-retention/) - Micro, Small, and Medium Enterprises ($\text{MSMEs}$) across Nigeria are facing intense operational pressures from inflation, fluctuating cash flows, and tightening regulatory compliance. While business owners traditionally focus on customer acquisition and direct sales to maintain revenue, manual internal management systems are increasingly becoming a major source of hidden business costs and staff turnover. To address
- [81% of Nigerian SMEs Signal Growth Optimism as Founders Push for Dedicated Business Credit Lines](https://www.naijapreneur.com/81-of-nigerian-smes-signal-growth-optimism-as-founders-push-for-dedicated-business-credit-lines/) - Despite navigating persistent macroeconomic pressures and inflationary headwinds, Nigeria’s small business ecosystem is showing remarkable resilience. According to the latest Mastercard SME Confidence Index, an impressive 81% of Nigerian small and medium-sized enterprises (SMEs) express confidence in their business prospects over the next 12 months, while 68% confidently project immediate revenue growth. The multi-market study,
- [From International Relations to Clean Beauty Assets: How Ameera Abraham Scaled 'The Nail Bar' Against Capital and Grid Bottlenecks](https://www.naijapreneur.com/from-international-relations-to-clean-beauty-assets-how-ameera-abraham-scaled-the-nail-bar-against-capital-and-grid-bottlenecks/) - Building a premium brand in the sub-Saharan wellness economy requires navigating a tough mix of erratic public infrastructure and shifting consumer trust. For years, the Nigerian cosmetics sector relied heavily on imported, mass-market products, many of which contained harmful chemical stabilizers and unverifiable toxic ingredients. To challenge this reliance on imports, aesthetician and entrepreneur Ameera
- [TikTok Commits $20,000 to Launch Digital Commerce Lab, Partnering with NITDA to Train Small Businesses](https://www.naijapreneur.com/tiktok-commits-20000-to-launch-digital-commerce-lab-partnering-with-nitda-to-train-small-businesses/) - Moving small-scale retail out of local open-air markets and into international digital supply chains is becoming essential for business survival. While micro, small, and medium enterprises ($\text{MSMEs}$) drive the majority of employment across Nigeria, many local shop owners still find it difficult to translate their business ideas into successful online sales. To bridge this digital
- [Federal Government Launches 'FreeTV' Digital Platform at NIGCOMSAT, Linking Broadcasting Overhaul to ₦1.3 Trillion Tech Growth Target](https://www.naijapreneur.com/federal-government-launches-freetv-digital-platform-at-nigcomsat-linking-broadcasting-overhaul-to-₦1-3-trillion-tech-growth-target/) - The Federal Government has officially launched its revamped Digital Switch Over ($\text{DSO}$) platform, FreeTV, at the Abuja headquarters of the Nigerian Communications Satellite Limited ($\text{NIGCOMSAT}$). The launch marks a structural shift away from legacy analogue transmissions toward a unified, data-secure digital broadcasting network. The initiative aims to transition millions of households into a modern media
- [Fuel Import Bill Plunges 87.5% as CBN Reports $4.98 Billion Balance of Payments Current Account Surplus](https://www.naijapreneur.com/fuel-import-bill-plunges-87-5-as-cbn-reports-4-98-billion-balance-of-payments-current-account-surplus/) - Nigeria’s external trade position recorded a major structural shift in the first quarter of 2026. A dramatic decline in refined petroleum imports, combined with stronger energy export earnings, pushed the country's current account into a significant surplus. According to the official Balance of Payments ($\text{BOP}$) report released by the Central Bank of Nigeria ($\text{CBN}$), the
- [Indigenous Retailer Grows Portfolio to 41 Stores Across 19 Cities](https://www.naijapreneur.com/indigenous-retailer-grows-portfolio-to-41-stores-across-19-cities/) - The organized retail landscape in Nigeria has undergone a significant transformation over the past decade, moving away from a heavy reliance on high-cost shopping malls in a few major cities toward decentralized, neighborhood-focused supermarkets. Marking its 10th anniversary, indigenous supermarket chain Marketsquare has released data tracing its expansion from a single outlet into a nationwide
- [Dee Utensils Spends ₦1.5 Million on Seed Grants as Inaugural Power Move Conference Packs Jos Event Hub](https://www.naijapreneur.com/dee-utensils-spends-₦1-5-million-on-seed-grants-as-inaugural-power-move-conference-packs-jos-event-hub/) - Micro-enterprise acceleration outside of Nigeria's primary coastal economic hubs received a direct boost as the inaugural Power Move Conference concluded its opening session. The event, held at the Odilins Event Center, brought together hundreds of early-stage founders, marketplace traders, and young professionals. The turnout completely filled the venue, leaving a large crowd of latecomers to
- [Stakeholders Call for Reform of Single-Digit Loan Rules as Risk Premiums Hit 40 Million MSMEs](https://www.naijapreneur.com/stakeholders-call-for-reform-of-single-digit-loan-rules-as-risk-premiums-hit-40-million-msmes/) - KARU, NIGERIA — Nigeria’s 40 million small and medium-sized enterprises ($\text{SMEs}$) face severe survival threats from an increasingly difficult operating environment, sparking urgent calls for policy changes, security interventions, and a complete overhaul of credit access frameworks. The warning was issued by business leaders, financial experts, and researchers at the inaugural International Conference on Entrepreneurial
- [At UNIZIK Symposium, VFD Group CEO Nonso Okpala Urges Free-Market Credit Guarantees to De-Risk SME Bank Underwriting](https://www.naijapreneur.com/at-unizik-symposium-vfd-group-ceo-nonso-okpala-urges-free-market-credit-guarantees-to-de-risk-sme-bank-underwriting/) - AWKA, ANAMBRA STATE — The historical failure of West African micro-enterprises to scale past their initial five years is rarely due to a shortage of local market ideas or entrepreneurial drive. Instead, commercial lending departments routinely decline small business credit applications due to the high risks involved, forcing local traders to operate within highly fragmented,
- [Kemi Adeosun, BOI Executive to Headlining FirstBank SMEConnect Masterclass on Credit Readiness](https://www.naijapreneur.com/kemi-adeosun-boi-executive-to-headlining-firstbank-smeconnect-masterclass-on-credit-readiness/) - LAGOS, NIGERIA — Moving small businesses past the initial fundraising hurdle requires a shift from informal accounting habits to structured corporate bookkeeping. While many micro-enterprises attribute their stagnation to a lack of available capital from commercial lenders, underwriting departments frequently point to a lack of formal structure—including unaudited cash flows and poor governance—as the real
- [Ecobank Absorbs Logistics Costs for 100+ Creative SMEs as Fifth Adire Lagos Fair Draws 30,000 Visitors](https://www.naijapreneur.com/ecobank-absorbs-logistics-costs-for-100-creative-smes-as-fifth-adire-lagos-fair-draws-30000-visitors/) - VICTORIA ISLAND, LAGOS — The domestic creative economy received a major structural push as Ecobank Nigeria wrapped up the fifth edition of its flagship cultural and commerce exhibition, the Ecobank Adire Lagos Experience. Held at the high-capacity Ecobank Pan African Centre ($\text{EPAC}$) on Victoria Island, the four-day international exhibition, themed "Threads Across Borders," served as
- [OmoeKOH Injects ₦200 Million Into Lagos Youth Enterprise Network as State Rolls Out ₦10 Billion Accelerator Infrastructure](https://www.naijapreneur.com/omoekoh-injects-₦200-million-into-lagos-youth-enterprise-network-as-state-rolls-out-₦10-billion-accelerator-infrastructure/) - IGANMU, LAGOS — The landscape for early-stage venture funding in Lagos received a substantial private sector boost as youth empowerment group OmoeKOH concluded its inaugural Wealth and Impact Summit at the National Theatre. The community platform announced a direct ₦200 million capital injection consisting of cash grants, productivity hardware, and corporate registration packages aimed at
- [FG Partners with InternSify Africa to Deploy 3,000 Tech Instructors Across 36 States in ₦450 Million Monthly Job Drive](https://www.naijapreneur.com/fg-partners-with-internsify-africa-to-deploy-3000-tech-instructors-across-36-states-in-₦450-million-monthly-job-drive/) - In a major push to accelerate nationwide digital literacy and create high-value technical jobs, the Federal Government has signed a strategic charter with tech-education firm InternSify Africa Limited. The deal, executed through the flagship 3 Million Technical Talent (3MTT) initiative, will see 3,000 tech-savvy youths employed and deployed as technical instructors across secondary schools in
- [Ex-NNPC Director Efiong Akan Unveils Landmark Book in Lagos, Sparking Fresh Debate Over Bakassi Economic Zone](https://www.naijapreneur.com/ex-nnpc-director-efiong-akan-unveils-landmark-book-in-lagos-sparking-fresh-debate-over-bakassi-economic-zone/) - A high-profile gathering of scholars, business leaders, and former public office holders at the Nigerian Institute of International Affairs (NIIA) has reignited the intense national conversation surrounding Nigeria's sovereignty losses and the ancestral economic rights of the Niger Delta people. The debate resurfaced during the public presentation of a new book authored by renowned economist
- [VP Shettima to Unveil ₦3.6 Billion ITF Business Incubation Hub for Certified SUPA Artisans](https://www.naijapreneur.com/vp-shettima-to-unveil-₦3-6-billion-itf-business-incubation-hub-for-certified-supa-artisans/) - JOS, NIGERIA — The Federal Government is finalizing arrangements to move thousands of trained artisans into the formal corporate sector, transforming them into structured small businesses and job creators. The Industrial Training Fund ($\text{ITF}$) has announced the official launch of its new Business Incubation Programme, a strategic initiative designed to transition graduates of the Skill-Up
- [Trashverse Recycling Claims ₦2.5 Million Grand Prize as MTN Unveils ₦5 Million 'Gathering' Pitchathon in Aba](https://www.naijapreneur.com/trashverse-recycling-claims-₦2-5-million-grand-prize-as-mtn-unveils-₦5-million-gathering-pitchathon-in-aba/) - ABA, NIGERIA — The commercial city of Aba received a substantial capital injection for its startup ecosystem as MTN Nigeria concluded the high-stakes Pitchathon segment of its youth empowerment drive, The Gathering on 100. Held at the Prime Time Event Centre in Osisioma, the two-day event brought together early-stage tech founders and micro-entrepreneurs to compete
- [Governor Otti Unveils Phase II Camp Expansion, Urges NYSC Batch 'B' Corps Members to Embrace Entrepreneurship Programs](https://www.naijapreneur.com/governor-otti-unveils-phase-ii-camp-expansion-urges-nysc-batch-b-corps-members-to-embrace-entrepreneurship-programs/) - The Abia State Government has announced an immediate infrastructure expansion at the National Youth Service Corps (NYSC) Permanent Orientation Camp in Bende Local Government Area, signaling a renewed push to integrate graduate labor into the state's growing micro-enterprise economy. Governor Alex Otti disclosed the project during the official swearing-in ceremony for the 2026 Batch ‘B’
- [Engr. Felix Ojih’s Consultancies Formalize Over 1,000 SMEs in Nationwide Compliance Drive](https://www.naijapreneur.com/engr-felix-ojihs-consultancies-formalize-over-1000-smes-in-nationwide-compliance-drive/) - The informal nature of Africa’s micro, small, and medium enterprise ($\text{MSME}$) sector has long been recognized as a primary barrier to securing commercial credit lines and scaling operations. Without formal corporate registration, structured bookkeeping, and strict tax compliance, millions of local businesses remain shut out from public procurement contracts and international venture capital pools. To
- [How Benjamin Ukaegbu is Scaling ACCESSFORTE and Cross-Border Enterprise Nodes](https://www.naijapreneur.com/how-benjamin-ukaegbu-is-scaling-accessforte-and-cross-border-enterprise-nodes/) - Integrating technological infrastructure with international brand development has become an essential driver for African companies trying to reach global markets. Historically, a lack of matching digital tools and weak cross-border networks have kept many regional firms isolated within local markets, limiting their access to international capital and consumers. To bridge this gap, tech executive and
- [Cardoso Unveils Nigeria Overnight Financing Rate (NOFR) in Foundational Shift Away from Subjective Interbank Estimations](https://www.naijapreneur.com/cardoso-unveils-nigeria-overnight-financing-rate-nofr-in-foundational-shift-away-from-subjective-interbank-estimations/) - The Central Bank of Nigeria ($\text{CBN}$), in a joint effort with the Financial Markets Dealers’ Association ($\text{FMDA}$), has launched the Nigeria Overnight Financing Rate (NOFR). This new overnight interbank benchmark moves the country away from sentiment-based interest rate estimates and toward a secure, transaction-backed pricing structure. Announced by $\text{CBN}$ Governor Mr. Olayemi Cardoso at the
- [LSETF Marks Decadal Milestone: ₦15 Billion Disbursed to 20,000 SMEs as Loan Repayment Rate Hits 94.53%](https://www.naijapreneur.com/lsetf-marks-decadal-milestone-₦15-billion-disbursed-to-20000-smes-as-loan-repayment-rate-hits-94-53/) - The Lagos State Employment Trust Fund ($\text{LSETF}$) has released its 10-year impact report, detailing a massive structural intervention in the state's informal and small business sectors. Speaking at a media briefing in Ikeja, the Executive Secretary of the Fund, Feyisayo Alayande, announced that the agency has disbursed over ₦15 billion in low-interest credit to more
- [Proximaforte Executive Trashes Lack of Funding Narrative as Root Cause of Nigerian SME Failures](https://www.naijapreneur.com/proximaforte-executive-trashes-lack-of-funding-narrative-as-root-cause-of-nigerian-sme-failures/) - For years, conventional wisdom among macroeconomic planners and fiscal policymakers has held that a lack of access to formal financing is the primary cause of small business mortality in West Africa. However, during the official product launch of Oloja by Payxy in Lekki, Chuks Anitche, Head of Partnerships, Business and Operations at Proximaforte Limited, rejected
- [Your Kairos Moment: How Smart Entrepreneurs Know When It’s Time to Act](https://www.naijapreneur.com/your-kairos-moment-how-smart-entrepreneurs-know-when-its-time-to-act/) - There is a Greek word most business schools never teach: Kairos. It doesn't mean time the way a clock measures it. It means the right time — the moment when conditions align, when a gap opens, when circumstances lean in your direction. Every entrepreneur you admire didn't just have a good idea. They had
- [Myka Secures Pre-Seed Capital from Ventures Platform and TLcom to Digitise Nigeria’s Insurance Pipeline](https://www.naijapreneur.com/myka-secures-pre-seed-capital-from-ventures-platform-and-tlcom-to-digitise-nigerias-insurance-pipeline/) - A primary factor keeping Nigeria's insurance penetration rate below 1% is the severe friction in retail distribution. For the average consumer or small business owner, navigating traditional insurance policies means dealing with slow manual paperwork, opaque underwriting terms, and fragmented coverage models. This high structural friction has historically isolated millions of viable risks from formal
- [How Mouka Leverages Downstream Incentives and 'World of Comfort' Schemes to Lock In Channel Loyalty](https://www.naijapreneur.com/how-mouka-leverages-downstream-incentives-and-world-of-comfort-schemes-to-lock-in-channel-loyalty/) - In the fast-moving consumer goods ($\text{FMCG}$) and manufacturing sectors, maintaining market dominance requires more than just product innovation. A manufacturing firm's real strength lies in its downstream distribution network. Wholesalers, regional distributors, and independent retailers act as the vital bridge between the factory floor and the end consumer. When macroeconomic challenges put pressure on retail
- [Mata A Farka Incubator Launches in Abuja to Transition 100 Women-Led Nano Ventures into Formal Structures](https://www.naijapreneur.com/mata-a-farka-incubator-launches-in-abuja-to-transition-100-women-led-nano-ventures-into-formal-structures/) - In developing economies, the micro-retail and agribusiness sectors are heavily driven by informal female entrepreneurs. While these business owners show immense resilience, their ventures often remain stuck as "nano-enterprises"—subsistence-level operations that lack the formal legal standing, accounting practices, and structural efficiency needed to access institutional credit lines, secure corporate supply contracts, or scale past localized
- [Why Systemic Friction and the 'Illusion of Productivity' Keep 37 Million Nigerian SMEs Trapped in Chaos](https://www.naijapreneur.com/why-systemic-friction-and-the-illusion-of-productivity-keep-37-million-nigerian-smes-trapped-in-chaos/) - For small business owners operating within emerging retail markets, putting in long working hours does not automatically translate into scalable business growth. In highly competitive retail environments, independent merchants often confuse constant daily activity with strategic commercial progress. Without unified digital infrastructure, a business owner's time is easily consumed by repetitive, manual tasks—such as answering
- [Segun Falade Urges Nigerian SMEs to Overhaul Analogue Workflows and Leverage E-Commerce Ecosystems](https://www.naijapreneur.com/segun-falade-urges-nigerian-smes-to-overhaul-analogue-workflows-and-leverage-e-commerce-ecosystems/) - For small and medium enterprises SMEs navigating modern markets, relying on traditional, manual business practices acts as a hidden tax on growth. In an economy processing high-volume electronic payments and real-time distribution requests, businesses that manage inventory on paper or depend entirely on physical foot traffic limit their operational reach. Moving into digital spaces is no
- [TAEF 2026 Convenes in Lagos to Convert $230 Billion AfCFTA Trade Upside into Executable Diaspora Investments](https://www.naijapreneur.com/taef-2026-convenes-in-lagos-to-convert-230-billion-afcfta-trade-upside-into-executable-diaspora-investments/) - Discussions surrounding Africa's economic prospects frequently stall at the aspirational phase, leaning on promotional rhetoric rather than concrete deal execution. While free trade frameworks offer the theoretical space for regional integration, expanding actual merchant markets requires a functional transactional infrastructure. This means bringing together cross-border logistics managers, early-stage venture financiers, and institutional diaspora capital to
- [Former CFO Umar Ajiya Rejects Oshiomhole's 'House of Thieves' Label, Clarifies ₦2.9 Billion NNPCL Incorporation Cost](https://www.naijapreneur.com/former-cfo-umar-ajiya-rejects-oshiomholes-house-of-thieves-label-clarifies-₦2-9-billion-nnpcl-incorporation-cost/) - Managing financial integrity within a state-owned enterprise ($\text{SOE}$) requires strict adherence to corporate governance, open auditing, and regular legislative review. When public allegations of fund misappropriation hit a nation’s primary revenue-generating asset, the company's financial accounting processes are placed under intense scrutiny. This highlights the delicate balance between political oversight and corporate accountability. Appearing before
- [Inside the Contrasting Capital Allocation Strategies of Tony Elumelu and Femi Otedola](https://www.naijapreneur.com/inside-the-contrasting-capital-allocation-strategies-of-tony-elumelu-and-femi-otedola/) - In high-stakes corporate finance, how a tycoon chooses to deploy, risk, and rotate capital defines the structural design of their empire. While some industrial magnates favor building interconnected, multi-decade conglomerates that lock in value across symbiotic industries, others operate as agile portfolio managers—entering sectors to restructure assets, unlock valuation premiums, and exit cleanly when a
- [Payxy Partners with SMEDAN to Roll Out 'Oloja' Ecosystem to Digitise 37 Million Analogue MSMEs](https://www.naijapreneur.com/payxy-partners-with-smedan-to-roll-out-oloja-ecosystem-to-digitise-37-million-analogue-msmes/) - The macroeconomic impact of Nigeria’s rapid digital payment shift is clear, yet a significant structural gap remains inside the real economy. While billions of naira move smoothly through digital payment rails, millions of retail merchants are still left using manual, unoptimized processes. Despite generating significant collective revenues, many small businesses continue to process sales via
- [Emir Sanusi and VP Shettima Clash Over the Regional Origin and Growth Path of Nigeria’s Billionaire Industrialists](https://www.naijapreneur.com/emir-sanusi-and-vp-shettima-clash-over-the-regional-origin-and-growth-path-of-nigerias-billionaire-industrialists/) - The debate over what drives hyper-scale private sector growth—whether it is an environment's initial trading traditions or its access to deep modern capital markets—remains a central theme in economic history. In Nigeria, this discussion has turned into a high-profile debate regarding the commercial histories of the nation's two largest economic hubs: Lagos, the maritime financial
- [JAN and NLNG Cooperative Deploy 'JA Be Entrepreneurial' Engine to Launch 30 Female Micro-Enterprises](https://www.naijapreneur.com/jan-and-nlng-cooperative-deploy-ja-be-entrepreneurial-engine-to-launch-30-female-micro-enterprises/) - To drive this economic change, Junior Achievement Nigeria (JAN), in partnership with the NLNG Cooperative, has completed its "JA Be Entrepreneurial" programme in Rivers State. The intensive initiative ran from April to May 2026 under the theme “Think it. Create it. Own it,” directly training and empowering 30 young women within the Finima Community in
- [MTN Group Moves to Offload 30% MoMo Stake, Pursues Direct Credit Underwriting to Plug Nigeria's $236 Billion MSME Financing Gap](https://www.naijapreneur.com/mtn-group-moves-to-offload-30-momo-stake-pursues-direct-credit-underwriting-to-plug-nigerias-236-billion-msme-financing-gap/) - Telecommunications giants are no longer content acting as passive infrastructure pipelines for voice and data traffic. In emerging markets where banking infrastructure is sparse and card penetration is low, mobile network operators (MNOs) are aggressively transforming into full-scale financial institutions. In a strategic shift to unlock hidden equity value, MTN Group has announced its readiness
- [NUC Mandates Commercialization of University Research Under CCMAS Framework to Drive Venture Creation](https://www.naijapreneur.com/nuc-mandates-commercialization-of-university-research-under-ccmas-framework-to-drive-venture-creation/) - Evaluating the performance of higher education institutions purely by graduation rates or academic publication counts is no longer sufficient in a modern economy. For emerging markets like Nigeria, where the mismatch between academic theory and real-world industrial demand often fuels youth unemployment, higher education regulatory bodies are shifting strategy. The new mandate focuses on transforming
- [MTN Nigeria Opens Up Network Systems to Public Scrutiny to Address Data Exhaustion Complaints](https://www.naijapreneur.com/mtn-nigeria-opens-up-network-systems-to-public-scrutiny-to-address-data-exhaustion-complaints/) - In an economy increasingly reliant on digital commerce, mobile data has transitioned from an administrative utility into the fundamental lifeblood of corporate operations. For Nigeria’s micro, small, and medium enterprises ($\text{MSMEs}$)—ranging from social media merchants to high-growth tech startups—consistent internet connectivity drives customer acquisition, payment processing, and daily supply chain tracking. However, as businesses rely
- [LCCI and NASD Tap OTC Markets to Unlock Patient Capital for Real Sector SMEs](https://www.naijapreneur.com/lcci-and-nasd-tap-otc-markets-to-unlock-patient-capital-for-real-sector-smes/) - Relying purely on short-term commercial bank loans with high interest rates presents a significant structural hurdle for emerging enterprises. For mid-sized businesses in Nigeria looking to expand operations or build factories, these high-interest loan cycles can drain working capital. This dynamic often leaves businesses unable to secure the long-term, patient equity required for sustainable expansion.
- [NAICOM and NCRIB Launch Pilot Drive in Abia to Underwrite 5 Million Uninsured MSMEs](https://www.naijapreneur.com/naicom-and-ncrib-launch-pilot-drive-in-abia-to-underwrite-5-million-uninsured-msmes/) - A primary bottleneck preventing informal enterprises from scaling into resilient corporate entities is the total absence of structured risk mitigation. In high-velocity commercial hubs where capital is continuously recycled into raw inventory, a single systemic shock—such as a market fire outbreak, logistics asset theft, or facility accident—can instantly wipe out a business owner's entire operating
- [Fidelity Bank Targets Supply Chains and Marine Logistics at SME Business Forum](https://www.naijapreneur.com/fidelity-bank-targets-supply-chains-and-marine-logistics-at-sme-business-forum/) - Relying on traditional balance-sheet financing is no longer enough to support small businesses in a highly volatile macroeconomic environment. For small and medium enterprises ($\text{SMEs}$) in Nigeria's South-South region, navigating rising supply-chain logistics overheads, changing fuel costs, and port delays requires more than raw credit lines. It demands specialized cross-border trade linkages, structured inventory management,
- [Senate Passes Historic Factoring and Receivables Bill to Modernize MSME Credit and Secondary Invoice Markets](https://www.naijapreneur.com/senate-passes-historic-factoring-and-receivables-bill-to-modernize-msme-credit-and-secondary-invoice-markets/) - For small and medium enterprises operating in emerging markets, capital availability is often limited by extended corporate payment cycles. When a small-scale supplier delivers raw materials or services to a large multinational conglomerate, they are frequently subjected to "net-60" or "net-90" day payment terms. This delay creates an operational squeeze: the supplier's cash is trapped
- [IMF Flags Structural Transparency Risks in Nigeria’s ₦6.8 Trillion Derivatives Play with First Abu Dhabi Bank](https://www.naijapreneur.com/imf-flags-structural-transparency-risks-in-nigerias-₦6-8-trillion-derivatives-play-with-first-abu-dhabi-bank/) - When a sovereign nation looks to fund its budget deficits or restructure expensive legacy obligations, the choice of financial tool matters just as much as the amount borrowed. While traditional instruments like Eurobonds offer clear, standardized public terms, complex structured derivatives can introduce hidden costs and volatile short-term payment structures that place added stress on
- [Jim Ovia Pivot to Ultra-Premium Real Estate with $2.8 Million Lagos Residential High-Rises](https://www.naijapreneur.com/jim-ovia-pivot-to-ultra-premium-real-estate-with-2-8-million-lagos-residential-high-rises/) - When macroeconomic adjustments and currency devaluations stress a nation's banking sector, smart capital often shifts from paper assets to tangible investments. For institutional investors looking to safeguard value against inflation, prime real estate in dominant financial hubs acts as a powerful hedge—turning volatile cash into resilient, yield-generating physical property. Jim Ovia, the billionaire founder who
- [Federal Government Revamps NSQF Framework to Address Skills Deficit for 5 Million Annual Labor Market Entrants](https://www.naijapreneur.com/federal-government-revamps-nsqf-framework-to-address-skills-deficit-for-5-million-annual-labor-market-entrants/) - Traditional academic degrees are facing structural challenges in emerging economies where industrial growth requires immediate technical skills. With nearly five million young people entering the Nigerian labor market annually, the mismatch between conventional university graduates and the actual technical needs of employers has become a primary driver of youth unemployment. To address this structural challenge,
- [Federal Government Activates Presidential Task Force and Mobilizes Funding to De-Risk Aviation Corridors Against Ebola](https://www.naijapreneur.com/federal-government-activates-presidential-task-force-and-mobilizes-funding-to-de-risk-aviation-corridors-against-ebola/) - Public health emergencies represent a significant non-market risk capable of disrupting regional trade, halting aviation networks, and straining national fiscal budgets. Following recent outbreaks of Ebola in the Democratic Republic of Congo (DRC) and Uganda, the Federal Government of Nigeria has taken pre-emptive steps to safeguard its borders and protect the domestic economy from potential
- [Seplat Energy Initiates Major Leadership Transition: Tony Elumelu Appointed Chairman, Effiong Okon Named CEO under Roadmap 2030](https://www.naijapreneur.com/seplat-energy-initiates-major-leadership-transition-tony-elumelu-appointed-chairman-effiong-okon-named-ceo-under-roadmap-2030/) - Corporate success in capital-intensive energy markets depends heavily on stable leadership transitions and strategic continuity. When an independent oil and gas giant changes its leadership, the transition must be carefully managed to maintain investor confidence, protect stock valuation, and ensure the steady execution of long-term infrastructure projects. In a major corporate alignment, Seplat Energy Plc
- [MNOs and WASPAN Challenge FCCPC Over DEON Regulations in ₦400bn Airtime Advance Market Dispute](https://www.naijapreneur.com/mnos-and-waspan-challenge-fccpc-over-deon-regulations-in-₦400bn-airtime-advance-market-dispute/) - When consumer finance merges with telecommunications infrastructure, it often creates regulatory gray areas. In prepaid-dominated emerging markets, nano-credit facilities embedded within daily mobile usage have quietly evolved from a basic convenience feature into a massive informal financial safety net. A major regulatory dispute has put this intersection under intense scrutiny. The clash between telecommunications firms,
- [PEBEC and Borno State Partner Under World Bank SABER Program to Harmonize Taxes and Streamline Regulatory Approvals](https://www.naijapreneur.com/pebec-and-borno-state-partner-under-world-bank-saber-program-to-harmonize-taxes-and-streamline-regulatory-approvals/) - Attracting private equity to states recovering from long-term security challenges requires more than security guarantees; it demands the removal of administrative and regulatory hurdles. For businesses looking to invest in northern Nigeria, the duplication of local government taxes, slow land title approvals, and opaque regulatory frameworks often serve as significant deterrents to entry. To address
- [Israel and Nigeria Partner via i-FAIR Accelerator to Scale Agritech and AI Startups](https://www.naijapreneur.com/israel-and-nigeria-partner-via-i-fair-accelerator-to-scale-agritech-and-ai-startups/) - Diplomatic ties are shifting toward targeted co-investment models that match regional resource strengths with global technical expertise. For Nigeria, a country aiming to build a $1 trillion economy by 2030, finding ways to turn its massive youth population into highly skilled professionals is essential to expanding its non-oil revenue sectors. During the celebration of the
- [Banking Sector Fraud Losses Plunge 51% to ₦25.85bn Following Enhanced Cybersecurity Investments](https://www.naijapreneur.com/banking-sector-fraud-losses-plunge-51-to-₦25-85bn-following-enhanced-cybersecurity-investments/) - A nation's rapid transition into a cashless economy often creates a parallel expansion in digital vulnerabilities. As Nigeria's electronic payment transactions surpassed the historic ₦1 quadrillion mark, the sheer volume of capital moving through digital pipelines turned the financial services industry into a prime target for international and domestic syndicate attacks. However, data from the
- [BATN Foundation Awards ₦25.5m in Equity-Free Seed Capital to 17 Emerging Graduate Agripreneurs](https://www.naijapreneur.com/batn-foundation-awards-₦25-5m-in-equity-free-seed-capital-to-17-emerging-graduate-agripreneurs/) - Transitioning an economy from a reliance on food imports to sustainable domestic production depends heavily on moving youth employment away from traditional subsistence farming toward modern, commercial agribusiness. For many young graduates from agricultural universities, the primary hurdle to launching a company is not a lack of technical knowledge, but an early-stage funding gap that
- [MTN Nigeria Hosts Public Billing Inquest; KPMG Independent Audit Validates Data Charging Integrity](https://www.naijapreneur.com/mtn-nigeria-hosts-public-billing-inquest-kpmg-independent-audit-validates-data-charging-integrity/) - In an economy increasingly reliant on digital commerce, mobile data has transitioned from an administrative utility into the fundamental lifeblood of corporate operations. For Nigeria’s micro, small, and medium enterprises ($\text{MSMEs}$)—ranging from social media merchants to high-growth tech startups—consistent internet connectivity drives customer acquisition, payment processing, and daily supply chain tracking. However, as businesses rely
- [Federal Government Disburses ₦700bn to Settle Contractor Debts, Underwrites ₦501bn Bond to Clear Power Sector Arrears](https://www.naijapreneur.com/federal-government-disburses-₦700bn-to-settle-contractor-debts-underwrites-₦501bn-bond-to-clear-power-sector-arrears/) - A primary constraint on private sector expansion in emerging markets is the accumulation of sovereign arrears. When a government delays payments to its private contractors, it inadvertently triggers a chain reaction of financial distress: businesses default on commercial bank loans, supply chains lock up, and infrastructure projects stall. To clear these bottlenecks, Nigeria's Federal Ministry
- [𝐋𝐚𝐠𝐨𝐬 𝐀𝐧𝐠𝐞𝐥 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐁𝐚𝐜𝐤𝐬 𝐌𝐢𝐝𝐝𝐝𝐥𝐞𝐦𝐚𝐧 𝐭𝐨 𝐏𝐨𝐰𝐞𝐫 𝐀𝐟𝐫𝐢𝐜𝐚'𝐬 𝐓𝐫𝐚𝐝𝐞 𝐅𝐮𝐭𝐮𝐫𝐞](https://www.naijapreneur.com/lagos-angel-network-backs-middleman-to-power-africas-trade-future/) - 𝗟𝗮𝗴𝗼𝘀, 𝗡𝗶𝗴𝗲𝗿𝗶𝗮 - Lagos Angel Network (LAN) is proud to announce its latest investment in Midddleman Technologies Inc., an AI-powered trade infrastructure platform at the forefront of Africa's cross-border commerce revolution. Midddleman, co-founded by Adeola Owosho and Omolara Sanni, is building the operating system for Africa-China trade. The platform combines an AI-powered sourcing assistant, a vetted
- [Cascador Deploys US$5 Million in Debt and Equity to Seven High-Growth African Startups](https://www.naijapreneur.com/cascador-deploys-us5-million-in-debt-and-equity-to-seven-high-growth-african-startups/) - Securing growth-stage capital remains a primary bottleneck for African tech and mid-sized enterprises looking to scale operational footprints. While seed-stage angel investing has become more common across major regional tech hubs, finding follow-on capital to support real-sector production, expand physical supply chains, and build clean energy infrastructure is challenging in the current macroeconomic environment. To
- [Strategic Onboarding Framework Connects West African SMEs to the African Trade Gateway](https://www.naijapreneur.com/strategic-onboarding-framework-connects-west-african-smes-to-the-african-trade-gateway/) - The physical borders dividing West African trade zones are becoming less relevant as the regional economy shifts toward digital commerce. While the African Continental Free Trade Area (AfCFTA) establishes the overarching legal framework for tariff-free trade across Africa, the actual execution of cross-border transactions depends on digital platforms that can bypass traditional logistical and customs
- [FCMB Deploys 'FCMB Collect' to Automate B2B Payments and Eliminate Reconciliation Friction for SMEs](https://www.naijapreneur.com/fcmb-deploys-fcmb-collect-to-automate-b2b-payments-and-eliminate-reconciliation-friction-for-smes/) - Operating a business in a high-inflation economy requires strict management of working capital cycles. For many Nigerian small and medium enterprises ($\text{SMEs}$), significant revenue leakages occur not from a lack of sales, but from back-office operational inefficiencies—specifically delayed invoice collection, poor transaction visibility, and slow, manual account reconciliation processes. To optimize cash flow velocity for
- [Ministry of Finance Clears ₦436.6 Billion in May to Liquidate SME Contractor Debts](https://www.naijapreneur.com/ministry-of-finance-clears-₦436-6-billion-in-may-to-liquidate-sme-contractor-debts/) - The systemic delay in paying public procurement contractors has long been a primary cause of non-performing loans ($\text{NPLs}$) and operational insolvency for small and medium-sized enterprises ($\text{SMEs}$) in Nigeria. When the state freezes payments to its suppliers, a damaging cash flow freeze ripples through the economy—causing private contractors to abandon project sites, lay off skilled
- [Moniepoint and Semicolon Graduate First DreamDevs Cohort to Plug Mid-Level Fintech Talent Gap](https://www.naijapreneur.com/moniepoint-and-semicolon-graduate-first-dreamdevs-cohort-to-plug-mid-level-fintech-talent-gap/) - The fastest-growing sectors of Africa's digital economy are facing an acute labor bottleneck. While entry-level tech talent pools across West Africa are expanding rapidly, the domestic financial technology ($\text{FinTech}$) ecosystem is grappling with a severe shortage of mid-to-senior level software engineers. This shortage forces companies to rely on expensive foreign talent or deal with high
- [Nigeria Records ₦7.55 Trillion Trade Surplus in Q1 2026 as Import Compression Takes Effect](https://www.naijapreneur.com/nigeria-records-₦7-55-trillion-trade-surplus-in-q1-2026-as-import-compression-takes-effect/) - Nigeria’s macroeconomic adjustment policies are yielding positive results in the international trade arena. Driven by aggressive import compression and sustained crude oil revenues, the country recorded a trade surplus of ₦7.55 trillion in the first quarter (Q1) of 2026. This figure represents a massive 340.88% leap over the ₦1.7 trillion surplus recorded in the final
- [Federal Government and Lagos State Mobilize International Partners for 2026 TVET Reform Conference](https://www.naijapreneur.com/federal-government-and-lagos-state-mobilize-international-partners-for-2026-tvet-reform-conference/) - Building a highly skilled, adaptable workforce is a critical prerequisite for industrialization across emerging markets. With traditional academic routes facing intense scrutiny due to widening graduate skill gaps, public and private sector leaders are looking to Technical and Vocational Education and Training (TVET) as a vital pathway to accelerate real-sector economic growth. To turn fragmented
- [United Capital Group Secures Ethiopia’s Historic First Foreign Investment Banking License](https://www.naijapreneur.com/united-capital-group-secures-ethiopias-historic-first-foreign-investment-banking-license/) - The structural barriers dividing Africa’s capital markets are beginning to dissolve. In a landmark development for cross-border financial expansion, the Ethiopian Capital Market Authority (ECMA) has officially granted an investment banking license to Nigerian financial powerhouse United Capital Group. The license, formally issued on June 5, 2026, and announced by regulators on June 8, 2026,
- [ATHCON and NTDA Map Strategy to Combat Operational Inefficiencies in Nigeria’s ₦1.2 Trillion Hospitality Sector](https://www.naijapreneur.com/athcon-and-ntda-map-strategy-to-combat-operational-inefficiencies-in-nigerias-₦1-2-trillion-hospitality-sector/) - The business of hospitality and tourism is moving away from purely real-estate-driven models toward high-touch service optimization frameworks. Across emerging markets, physical infrastructure—such as luxury hotel properties and digital booking apps—is only as valuable as the human workforce executing the service layer. To address persistent structural inefficiencies that continue to depress corporate profit margins and
- [Regulators and Operators Unify to Enforce Sections 49 and 50 of the NOGICD Act](https://www.naijapreneur.com/regulators-and-operators-unify-to-enforce-sections-49-and-50-of-the-nogicd-act/) - The execution of local content mandates within capital-intensive industries requires deep integration between a nation's natural resource extractors and its domestic financial services sector. When energy conglomerates fail to route their underwriting requirements through local capital pools, a significant amount of insurance premium slips out of the domestic economy, contributing to capital flight. To address
- [#71ForTheNextGeneration: Tomi Davies Celebrates 71st Birthday by Fundraising for Public School Children](https://www.naijapreneur.com/tomi-davies-celebrates-71st-birthday-by-fundraising-for-public-school-children/) - The grandfather of Africa's angel investing and ecosystem builder is asking 71 friends to help unlock digital opportunities for Nigerian students as he marks his 71st birthday. Instead of birthday gifts, serial entrepreneur and tech ecosystem pioneer Tomi Davies is doubling down on legacy. As he celebrates his 71st birthday, Davies has launched a campaign
- [Zedvance To Triple Lending after Disbursing N120bn To SME's in 2025](https://www.naijapreneur.com/zedvance-to-triple-lending-after-disbursing-n120bn-to-smes-in-2025/) - The Group Managing Director of Zedcrest, parent company of Zedvance, Adedayo Amzat, has announced a strategic shift in the firm's asset deployment, committing 100 per cent of its active loan portfolio to small and medium enterprises and critical ecosystem enablers. This is in a major move to address the financing constraints plaguing Nigeria’s mid-market enterprises.
- [Federal Government Opens Applications for Cohort 3 of IDEAS-TVET Digital Media Training](https://www.naijapreneur.com/federal-government-opens-applications-for-cohort-3-of-ideas-tvet-digital-media-training/) - Applications have officially opened for Cohort 3 of the IDEAS-TVET Digital Media Production Training Programme. The multi-sector skills development initiative is designed to funnel fresh talent into West Africa's booming creative economy by equipping young professionals with high-income technical skills. The project is backed by the Federal Ministry of Education and funded through the World
- [Bauchi Tech Team Triumphs at 2026 National Girls in ICT Competition as 3,700 Empowered Nationwide](https://www.naijapreneur.com/bauchi-tech-team-triumphs-at-2026-national-girls-in-ict-competition-as-3700-empowered-nationwide/) - Nigeria’s strategic push to build a highly competitive digital economy has reached a new milestone. In a coordinated effort to bridge the digital gender divide and scale the country's domestic tech talent pool, the Federal Ministry of Communications, Innovation & Digital Economy has successfully trained and empowered over 3,700 young women through the 2026 National
- [Inside the Multi-Billion Naira Real Estate Market of Lagos’ Banana Island](https://www.naijapreneur.com/inside-the-multi-billion-naira-real-estate-market-of-lagos-banana-island/) - In the global landscape of luxury real estate, institutional capital and high-net-worth individuals ($\text{HNWIs}$) are increasingly diversifying their property portfolios away from legacy Western enclaves like Calabasas, Beverly Hills, and Palm Beach. Instead, a significant volume of luxury capital is flowing toward the West African seaboard—specifically to a highly exclusive, man-made crescent of sand off
- [MTN Nigeria and SheCan Partner to Accelerate Female Leadership and Digital Enterprise](https://www.naijapreneur.com/mtn-nigeria-and-shecan-partner-to-accelerate-female-leadership-and-digital-enterprise/) - Corporate investment in human capital development is increasingly moving toward structured public-private alignment as a means to expand local market ecosystems. In a strategic bid to deepen gender inclusion and accelerate the growth of the next generation of corporate leaders, telecommunications giant MTN Nigeria has finalized a premium partnership with SheCan Nigeria to host the
- [Prof. Attahiru Jega, Global Scholars Gather to Debate the Future of Nigerian Media in the Age of AI](https://www.naijapreneur.com/prof-attahiru-jega-global-scholars-gather-to-debate-the-future-of-nigerian-media-in-the-age-of-ai/) - The business of mass media, information dissemination, and corporate communications is experiencing an unprecedented structural shift driven by the commercialization of generative artificial intelligence (AI). To analyze the economic and operational impacts of these emerging technologies, a high-level academic and industry summit has commenced at the university auditorium on Monday, June 8, 2026. The four-day
- [iDICE and Talstack Unveil 'Founders Lab' with ₦10m Grants for Early-Stage Startups](https://www.naijapreneur.com/idice-and-talstack-unveil-founders-lab-with-₦10m-grants-for-early-stage-startups/) - Nigeria’s institutional framework for funding early-stage technology companies has taken a major step forward with the launch of a new public-private acceleration loop. The first cohort of the 12-week Founders Lab accelerator program has officially commenced operations. Organized under the iDICE Startup Bridge framework, the incubator has pooled together a nationwide cohort of tech entrepreneurs
- [Vice-Chancellor Calls for Unified Action to Solve Graduate Unemployment](https://www.naijapreneur.com/vice-chancellor-calls-for-unified-action-to-solve-graduate-unemployment/) - The traditional role of higher education is undergoing a structural shift across emerging markets. With macroeconomic headwinds tightening formal corporate payrolls, the business of tertiary education is pivoting away from producing standard job seekers toward incubating self-reliant corporate operators and micro-enterprise founders. This economic transition took center stage at the 14th annual POISE Awards and
- [NCDMB Launches Application Portal for 2026 Digital Transformation Programme](https://www.naijapreneur.com/ncdmb-launches-application-portal-for-2026-digital-transformation-programme/) - The global energy matrix is undergoing an unprecedented digital shift. To ensure Nigeria's industrial workforce remains competitive, the Nigerian Content Development and Monitoring Board (NCDMB) has officially opened applications for its 2026 Digital Transformation & New Technology Training Programme. Operating under the thematic banner of the Catch the Researcher Young Programme (CRYP), this flagship capacity-development
- [Nigerian Event Rental Sector Set for Major B2B Expo in Lagos](https://www.naijapreneur.com/nigerian-event-rental-sector-set-for-major-b2b-expo-in-lagos/) - The event rental and hospitality logistics sector is a critical but often overlooked sub-segment of Nigeria’s service economy. Managing highly depreciable physical assets—such as premium marquees, luxury furniture, heavy-duty power generators, and high-end banquetware—requires intense capital expenditure ($\text{CapEx}$) and rigorous operational risk management. To address these corporate bottlenecks, the Rental Professionals Society of Nigeria (RPSN),
- [NTDA and Defense Agencies Partner for Inaugural Tourism Safety Tech Conference](https://www.naijapreneur.com/ntda-and-defense-agencies-partner-for-inaugural-tourism-safety-tech-conference/) - In emerging economies, systemic security concerns and unpredictable threat landscapes act as direct operational penalties for the hospitality sector, spiking corporate insurance premiums and driving away international travelers. To systematically counter this challenge within the West African market, Travel Marketing Partner (Nigeria) Limited has finalized a high-level cross-sector alliance to stage the inaugural National Tourism
- [NNPC Moves Toward Technical Equity Partnerships to Re-Engineer State Refineries Amid ₦5 Trillion Contractor Debt](https://www.naijapreneur.com/nnpc-moves-toward-technical-equity-partnerships-to-re-engineer-state-refineries-amid-₦5-trillion-contractor-debt/) - Following a series of costly, failed historical Turnaround Maintenance (TAM) initiatives—which saw the Federal Government sink a staggering $1.5 billion into the Port Harcourt refinery and $897 million into the Warri facility in 2021 with little to no commercial product output—the Nigerian National Petroleum Company Limited (NNPC Ltd) is testing a new strategy. The state
- [Federal Government Awards Continental Quality Certifications to 131 Nigerian Manufacturers](https://www.naijapreneur.com/federal-government-awards-continental-quality-certifications-to-131-nigerian-manufacturers/) - The Federal Government has moved to aggressively de-risk and promote made-in-Nigeria products across the continent. In a coordinated push to eliminate non-tariff barriers, the Standards Organisation of Nigeria (SON) and the African Organisation for Standardisation (ARSO) have presented the prestigious Africa Quality Mark (AQM) certification to 131 domestic companies, covering 220 manufactured goods. The joint
- [Transaction Histories Replace Hard Physical Collateral in Nigerian SME Lending Ecosystem](https://www.naijapreneur.com/transaction-histories-replace-hard-physical-collateral-in-nigerian-sme-lending-ecosystem/) - For generations of Nigerian micro-entrepreneurs, the institutional question, “Do you have collateral?” has functioned as an absolute barrier to formal financial inclusion. Traditional commercial banks have historically insisted on physical, illiquid assets—such as real estate titles, urban landed property, or luxury vehicles—to secure commercial lines of credit. However, because the vast majority of small merchants
- [Grenada Grants Visa-Free Access to Nigerians, Eyes Direct Aviation Corridor to Unlock $729 Million Trade Loop](https://www.naijapreneur.com/grenada-grants-visa-free-access-to-nigerians-eyes-direct-aviation-corridor-to-unlock-729-million-trade-loop/) - The economic ties between Africa and the Caribbean are shifting from historical alignment to direct, cross-border corporate integration. In a major diplomatic move designed to de-risk investment and accelerate bilateral capital flows, Grenada has approved visa-free access for Nigerian passport holders. The policy shift, announced in Lagos by His Excellency E. Bidemi Sonoiki, the Honorary
- [Tanzania High Commission Sets Up Capital Pipeline at Lagos FAB 2026 Exhibition](https://www.naijapreneur.com/tanzania-high-commission-sets-up-capital-pipeline-at-lagos-fab-2026-exhibition/) - Sub-Saharan trade is entering a more integrated phase as East African exporters look to capture market share within West Africa's largest consumer economy. The Tanzania High Commission in Abuja has announced a coordinated trade mission to establish direct commercial and investment roots in Nigeria. The diplomatic post will anchor its trade push by hosting a
- [Construction Begins on Algerian Leg of $19.5 Billion Pipeline to Route Nigerian Gas to Europe](https://www.naijapreneur.com/construction-begins-on-algerian-leg-of-19-5-billion-pipeline-to-route-nigerian-gas-to-europe/) - The race to lock down Africa's massive natural gas reserves for the European energy grid has entered an intensive infrastructure phase. Algeria’s Ministry of Energy and Mines has officially commenced construction on the Algerian segment of the long-delayed Trans-Saharan Gas Pipeline (TSGP). The multi-billion-dollar midstream megaproject is designed to span over 4,000 kilometers, establishing a
- [Jumia CEO Outlines How Nigeria’s Currency Floating Re-Anchors E-Commerce Economics](https://www.naijapreneur.com/jumia-ceo-outlines-how-nigerias-currency-floating-re-anchors-e-commerce-economics/) - Operating an inventory-heavy digital marketplace in frontier markets requires navigating sharp macroeconomic shifts. Speaking at the prestigious Sohn Conference in New York, Francis Dufay, CEO of pan-African e-commerce giant Jumia, delivered an analytical review of the West African retail landscape, characterizing the period between 2021 and 2024 as an exceptionally brutal cycle for African frontier
- [APRA and NAMPA Ratify Cross-Border Treaty Ahead of Major 2026 Continental Media Summit](https://www.naijapreneur.com/apra-and-nampa-ratify-cross-border-treaty-ahead-of-major-2026-continental-media-summit/) - Ahead of the highly anticipated 2026 Effective Communicators Conference (ECC), the African Public Relations Association (APRA) has signed a strategic Memorandum of Understanding (MoU) with the Namibian Press Agency (NAMPA). The treaty outlines a co-hosting framework for the continental summit, which is billed to run from July 14–17, 2026, at The Dome in Swakopmund, Namibia’s
- [State Government and UNDP Nearing Completion of Tech Incubation Hub to Anchor North-Central Startups](https://www.naijapreneur.com/state-government-and-undp-nearing-completion-of-tech-incubation-hub-to-anchor-north-central-startups/) - Plateau State is making a deliberate push to transition its economy away from raw agrarian and mineral exploitation toward a high-margin, knowledge-based tech ecosystem. At a newly launched state innovation festival in Jos, Governor Caleb Mutfwang and federal economic policymakers outlined structural plans to turn the state into a primary hub for business, technology, and
- [Norway’s Foreign Ministry and Norfund Deepen Tech Ties via Ventures Platform and OmniRetail Alliance](https://www.naijapreneur.com/norways-foreign-ministry-and-norfund-deepen-tech-ties-via-ventures-platform-and-omniretail-alliance/) - International venture capital is anchoring its position in West Africa as European institutional investors seek out startups that pair commercial scale with structural economic impact. A high-level Norwegian diplomatic and financial delegation, led by Norway’s Deputy Minister of Foreign Affairs, Andreas Kravik, arrived in Lagos to engage directly with local ecosystem operators. The strategic visit,
- [Nigeria Attracts $10.37 Billion in Q1 2026 as Hot Money Dominates Foreign Inflows](https://www.naijapreneur.com/nigeria-attracts-10-37-billion-in-q1-2026-as-hot-money-dominates-foreign-inflows/) - Nigeria’s macroeconomic landscape has recorded a massive spike in foreign capital receipts, driven by high domestic interest rates and aggressive monetary tightening. According to the official Q1 2026 Capital Importation report released by the National Bureau of Statistics (NBS), total foreign capital inflows into the economy surged to $10.37 billion. This represents a staggering 83.83%
- [Inside the $1 Billion Legal Battle Over Shell’s Legacy Pipeline in the Niger Delta](https://www.naijapreneur.com/inside-the-1-billion-legal-battle-over-shells-legacy-pipeline-in-the-niger-delta/) - A major legal dispute in the United Kingdom is casting a spotlight on the long-term liabilities of international oil companies (IOCs) operating onshore in West Africa. Newly unsealed corporate internal documents, including internal emails and presentations obtained by the BBC, reveal that a senior Shell executive explicitly warned management as early as 2008 about the
- [Wilmar and TGI Group Form 50-50 Joint Venture to Control $12 Billion West African Food Market](https://www.naijapreneur.com/wilmar-and-tgi-group-form-50-50-joint-venture-to-control-12-billion-west-african-food-market/) - The West African Fast-Moving Consumer Goods (FMCG) landscape is undergoing a massive structural consolidation. Singapore-based agri-food giant Wilmar International and Tropical General Investments (TGI) Group have signed definitive agreements to form an equally split ($50\% / 50\%$) joint venture. The transaction pools together a massive portfolio of complementary operating businesses, manufacturing plants, and household brands
- [How Mo Ibrahim’s Celtel Proved the African Telecom Business Case to a Skeptical Wall Street](https://www.naijapreneur.com/how-mo-ibrahims-celtel-proved-the-african-telecom-business-case-to-a-skeptical-wall-street/) - In the late 1990s, global institutional investors viewed Sub-Saharan Africa primarily through the lens of macroeconomic risk, citing weak infrastructure, low per-capita income, and political instability. Fast forward to today, and the African telecommunications sector is one of the most lucrative digital ecosystems on earth. At the heart of this structural transformation was Dr. Mohamed
- [Alpha10 Fund Management Launches Halal Fund to Expand Shari’ah-Compliant Credit Options for Nigerian MSMEs](https://www.naijapreneur.com/alpha10-fund-management-launches-halal-fund-to-expand-shariah-compliant-credit-options-for-nigerian-msmes/) - Access to liquid capital continues to be a severe headwind for Nigeria’s micro, small, and medium enterprises (MSMEs). Despite contributing roughly 50% to the nation's Gross Domestic Product (GDP) and accounting for over 80% of total employment, the vast majority of these businesses remain completely locked out of conventional banking systems due to high interest
- [China Industrial Bank Backs Nigeria’s Green Rural Tower Project to Speed Up 4G/5G Migration](https://www.naijapreneur.com/china-industrial-bank-backs-nigerias-green-rural-tower-project-to-speed-up-4g-5g-migration/) - Nigeria’s digital inclusion strategy has received a major financial boost from international institutional investors, clearing the way for a sweeping upgrade of the country's rural telecommunications architecture. China Industrial Bank (CIB) has entered the Nigerian market, marking its first-ever domestic investment in the country. The multinational financial institution has committed to financing the construction and
- [PEBEC and Enugu State Align Regulatory Reforms to Scale Regional GDP](https://www.naijapreneur.com/pebec-and-enugu-state-align-regulatory-reforms-to-scale-regional-gdp/) - Enugu State is positioning itself as the primary investment gateway for southeastern Nigeria by aggressively restructuring its regulatory landscape. During the 2026 PEBEC Nationwide Town Hall and Stakeholders’ Engagement on Ease of Doing Business held in Enugu, the Federal Government—via the Presidential Enabling Business Environment Council (PEBEC)—partnered with the Enugu State Government to audit current
- [June 2026 Nigeria Business Events Roundup](https://www.naijapreneur.com/june-2026-nigeria-business-events-roundup/) - Welcome to the June 2026 Nigeria Business Events Roundup! Below is our curated list of the top business events holding across Nigeria this June — from large-scale trade exhibitions and investment summits to fintech, technology and chamber gatherings. This month’s spread reaches beyond the usual commercial strongholds: while Lagos still leads, we also feature events
- [Nigeria Makes History as First African Market to Launch T+1 Settlement Cycle](https://www.naijapreneur.com/nigeria-makes-history-as-first-african-market-to-launch-t1-settlement-cycle/) - Nigeria’s financial ecosystem has secured a major competitive advantage in the race for global investment. The Nigerian capital market has successfully executed a structural transition from a $T+2$ to a $T+1$ settlement cycle, making it the very first securities market on the African continent to deploy the shortened post-trade framework. Announced at an industry ceremony
- [Supreme Court Dismisses Challenge, Orders Immediate Formation of ProvidusUnity Bank](https://www.naijapreneur.com/supreme-court-dismisses-challenge-orders-immediate-formation-of-providusunity-bank/) - The legal battle over one of the most closely watched banking consolidations in Nigeria has come to an end. The Supreme Court has dismissed a lawsuit attempting to block the merger between Providus Bank Limited and Unity Bank Plc, removing the final obstacle to their unification. A unanimous judgment delivered by a five-member panel of
- [Internal Documents Reveal Shell Was Warned of Nembe Pipeline Vulnerabilities Decades Ago](https://www.naijapreneur.com/internal-documents-reveal-shell-was-warned-of-nembe-pipeline-vulnerabilities-decades-ago/) - A series of newly unsealed internal corporate documents, including emails and executive presentations obtained by the BBC, reveal that senior management at Shell was explicitly warned about severe systemic risks on one of its core African pipelines nearly two decades ago. The files show that as early as 2008, a high-ranking executive cautioned against continuing
- [How 9bizub.com Plans to Move Millions of Nigerian Merchants from Instagram DMs to Structured Storefronts](https://www.naijapreneur.com/how-9bizub-com-plans-to-move-millions-of-nigerian-merchants-from-instagram-dms-to-structured-storefronts/) - Nigeria’s informal retail market is massive, but it faces a significant structural bottleneck. Millions of local entrepreneurs run their entire business operations out of WhatsApp chats, Instagram direct messages (DMs), word-of-mouth referrals, and open-air markets. While these channels provide quick access to customers, they lack the formal digital infrastructure required to scale. To bridge this
- [NAICOM and Insurance Brokers Launch Massive Awareness Drive in Abia’s Commercial Hubs](https://www.naijapreneur.com/naicom-and-insurance-brokers-launch-massive-awareness-drive-in-abias-commercial-hubs/) - For decades, formal insurance in Nigeria has been underutilized, often viewed by the public as an expensive luxury tailored exclusively for large conglomerates and institutional entities. To challenge this narrative, the Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Olusegun Omosehin, has declared that structured risk management is a fundamental necessity
- [Dangote Refinery Plots 1.45 Million b/d Expansion to Overtake Reliance as World’s Largest Refining Complex](https://www.naijapreneur.com/dangote-refinery-plots-1-45-million-b-d-expansion-to-overtake-reliance-as-worlds-largest-refining-complex/) - Nigeria’s industrial landscape is on the verge of reshaping the global energy trade. Following engineering optimizations that quietly boosted its current Crude Distillation Unit (CDU) capacity from 650,000 barrels per day ($\text{b/d}$) to 700,000 $\text{b/d}$, the Dangote Refinery has triggered a massive expansion program. Devakumar Edwin, a senior executive at Dangote Industries, confirmed that equipment
- [Dangote Beats MTN, Vodacom to Emerge as Africa’s Most Admired Indigenous Brand](https://www.naijapreneur.com/dangote-beats-mtn-vodacom-to-emerge-as-africas-most-admired-indigenous-brand/) - Nigeria’s premier industrial conglomerate, Dangote Industries, has solidified its position at the apex of continental commerce. At the 16th annual Brand Africa 100: Africa’s Best Brands awards gala held in Addis Ababa, Ethiopia, the group was officially named Africa’s Most Admired Indigenous Brand. In addition to securing the top spot in consumer admiration, the manufacturing
- [How Lagos is Institutionalizing Tech Infrastructure to Anchor Africa's Creative Economy](https://www.naijapreneur.com/how-lagos-is-institutionalizing-tech-infrastructure-to-anchor-africas-creative-economy/) - Lagos State is moving beyond the rhetoric of becoming "Africa’s Silicon Valley" by embedding financial capital and digital infrastructure directly into its governance framework. At the Omniverse Africa Summit 3.0, held at the newly rehabilitated Wole Soyinka Centre for Culture and Creative Arts (National Theatre) in Iganmu, Lagos State Governor Babajide Sanwo-Olu reaffirmed that tech-driven
- [Landmark NBET Bond Clinches Pan-African 'Debt Deal of the Year' Award](https://www.naijapreneur.com/landmark-nbet-bond-clinches-pan-african-debt-deal-of-the-year-award/) - Nigeria’s domestic capital market has received international recognition for its role in restructuring the country's energy sector. The inaugural tranche of the ₦4 trillion power sector multi-instrument issuance programme has won the prestigious "Debt Deal of the Year" at the African Banker Awards. Executed under the Presidential Power Sector Debt Reduction Programme (PPSDRP), the seven-year
- [Brass Winds Down Standalone Operations, Migrates Customers to Paystack MFB](https://www.naijapreneur.com/brass-winds-down-standalone-operations-migrates-customers-to-paystack-mfb/) - The landscape of Nigerian business banking is undergoing a major structural shift as prominent fintech startup Brass announced it will sunset its independent operations and merge its customer base into Paystack Microfinance Bank (Paystack MFB). Launched in 2020, Brass entered the market with a clear mandate: to eliminate the bureaucratic bottlenecks, heavy paperwork, and slow
- [How Lagos State is Funding the Transition from Vocational Skills to Micro-Enterprise Ownership](https://www.naijapreneur.com/how-lagos-state-is-funding-the-transition-from-vocational-skills-to-micro-enterprise-ownership/) - The Lagos State Government has intensified its grassroots economic strategy, transitioning thousands of vulnerable residents from dependency into active market participants. During a ministerial briefing marking the third year of Governor Babajide Sanwo-Olu’s second term, the Commissioner for Women Affairs and Poverty Alleviation (WAPA), Hon. Bolaji Cecilia Dada, unveiled the state's human capital development metrics.
- [How First-Mover States are Turning Megawatts into Multi-Trillion Naira IGR Engines](https://www.naijapreneur.com/how-first-mover-states-are-turning-megawatts-into-multi-trillion-naira-igr-engines/) - Subnational governments across Nigeria must abandon the outdated view that electricity is merely a public social utility. Instead, they need to treat energy infrastructure as an aggressive, high-yield economic development strategy. According to an exhaustive infrastructure brief by energy strategist Masah Ikus, published in Business a.m., Nigeria’s decentralized electricity regime has triggered a high-stakes race
- [Market Square’s 10-Year Journey from a Single Bayelsa Store to a Nationwide Retail Empire](https://www.naijapreneur.com/market-squares-10-year-journey-from-a-single-bayelsa-store-to-a-nationwide-retail-empire/) - While multinational grocery chains have historically struggled to scale across West Africa, Nigeria’s largest indigenous grocery retailer, Sundry Markets Limited, is actively charting a multi-decade expansion campaign. Speaking in Port Harcourt during a gala night to mark the company's 10th anniversary, Chief Executive Officer Ebele Enunwa revealed that the firm—frequently recognized under its retail brand
- [NBC's Strategy to Capitalize on Africa's Rapidly Expanding Hospitality Value Chain](https://www.naijapreneur.com/nbcs-strategy-to-capitalize-on-africas-rapidly-expanding-hospitality-value-chain/) - Consumer behavior across Africa is undergoing a steady transformation, with a growing middle class driving increased demand for premium leisure, tourism, and nightlife experiences. Recognizing this market shift, the Nigerian Bottling Company (NBC)—a member of the Coca-Cola Hellenic Bottling Company Group—cemented its position as a primary builder of the hospitality ecosystem by serving as the
- [Inside Cardoso’s 2028 Strategy to Pull 50 Million Nigerians Out of Poverty](https://www.naijapreneur.com/inside-cardosos-2028-strategy-to-pull-50-million-nigerians-out-of-poverty/) - The Central Bank of Nigeria (CBN) has officially pivoted its digital financial strategy, shifting payment systems from simple transactional utilities into tools for national poverty alleviation. Speaking in Abuja at the unveiling of the Payments System Vision 2028, CBN Governor Olayemi Cardoso declared that a highly efficient electronic payment framework is one of the most
- [ How a Nigerian Banking Subsidiary is Funding UK Real Estate Ambitions from Lagos](https://www.naijapreneur.com/how-a-nigerian-banking-subsidiary-is-funding-uk-real-estate-ambitions-from-lagos/) - In a strategic move to capture the growing cross-border investment appetite of Nigeria's wealthy elite, FidBank UK Limited—the international arm of Fidelity Bank Plc—has unveiled a specialized financial framework designed to help Nigerian citizens and corporate entities acquire premium real estate in the United Kingdom. The offshore financial institution is leveraging its niche "Buy-to-Let" mortgage
- [Payment Operators Threaten Nationwide Freeze on Verve Card Transactions Over Interswitch Monopoly Allegations](https://www.naijapreneur.com/payment-operators-threaten-nationwide-freeze-on-verve-card-transactions-over-interswitch-monopoly-allegations/) - Nigeria’s digital financial infrastructure is facing a major disruption as a coalition of electronic payment operators threatened to completely halt the processing, acceptance, and switching of all Verve card transactions across the country. The ultimatum was made public in a directive issued by the group’s Communications Consultant, Yomi Idowu. The association—which represents the backbone of
- [Why Wall Street’s Gain is the Nigerian Exchange’s Loss](https://www.naijapreneur.com/why-wall-streets-gain-is-the-nigerian-exchanges-loss/) - Nigeria has indisputably evolved into Africa's premier incubator for financial technology. However, a prominent financial markets expert, Tunji David, warns that the country is on the verge of missing out on a monumental wealth creation cycle. Speaking on the heels of reports that fintech titan OPay is preparing for a blockbuster $4 billion Initial Public
- [How Dangote's 130-Grade Strategy Flips the Script on African Refining](https://www.naijapreneur.com/how-dangotes-130-grade-strategy-flips-the-script-on-african-refining/) - The conventional blueprint for an oil-refining facility in a petro-state is highly predictable: build it at the tail end of a domestic pipeline, feed it a singular, local stream of crude, and supply the immediate domestic market. Nigeria's massive Dangote Refinery is explicitly abandoning that script. According to the facility's Chief Executive Officer, David Bird,
- [How Fidelity Bank's New Business Forum Aims to De-Risk and Scale Local SMEs](https://www.naijapreneur.com/how-fidelity-banks-new-business-forum-aims-to-de-risk-and-scale-local-smes/) - In an effort to bridge the persistent gap between financial institutions and the real economy, Fidelity Bank Plc is introducing a structured corporate ecosystem designed to enhance the operating capacity of small businesses across Nigeria. Dubbed the Fidelity Quarterly Business Forum, the multi-city tour acts as a strategic intervention platform. It gathers a cross-section of
- [Personal Loans Cross ₦1.96 Trillion to Dominate Nigeria’s Consumer Credit Landscape](https://www.naijapreneur.com/personal-loans-cross-₦1-96-trillion-to-dominate-nigerias-consumer-credit-landscape/) - Faced with persistent macroeconomic pressures, Nigerian consumers are relying more heavily on bank-issued personal lines of credit. According to the latest Economic Report from the Central Bank of Nigeria (CBN), outstanding personal loans climbed to ₦1.96 trillion. This surge means personal lending now accounts for more than half (51.44%) of all consumer credit in the
- [Mastercard Partners BMONI to Deploy Dual-Currency Virtual Card Infrastructure](https://www.naijapreneur.com/mastercard-partners-bmoni-to-deploy-dual-currency-virtual-card-infrastructure/) - Global payment infrastructure giant Mastercard has finalized a strategic collaboration with BMONI, an AI-driven digital financial platform, to roll out a new generation of physical and virtual card programs in Nigeria. Built upon Mastercard's newly optimized fintech card issuance frameworks, the solution allows users to spin up multiple Naira (NGN) and US Dollar (USD) denominated
- [FMN Doubles Grand Prize to ₦10 Million at Concluded Cassava Innovation Finale](https://www.naijapreneur.com/fmn-doubles-grand-prize-to-₦10-million-at-concluded-cassava-innovation-finale/) - Flour Mills of Nigeria Plc (FMN) has wrapped up the grand finale of its fifth annual FMN Prize for Innovation (PFI 5.0), introducing a dramatic shift in its funding structure. While the initial call for entries slated the SME grand prize at ₦5 million, FMN Chairman John G. Coumantaros doubled the allocation at the live
- [UNDP-Backed Nigerian MSMEs Secure Regional Off-Take Channels at Biashara Afrika Forum](https://www.naijapreneur.com/undp-backed-nigerian-msmes-secure-regional-off-take-channels-at-biashara-afrika-forum/) - The practical implementation of the African Continental Free Trade Area (AfCFTA) moved from macro-policy negotiation to direct marketplace testing during the Biashara Afrika 2026 forum held in Lomé, Togo. The high-level trade ecosystem convention brought together continental entrepreneurs, institutional buyers, and cross-border logistics experts. Central to the trade outcomes was a specialized cohort of Nigerian
- [African Startups Risk Operational Collapse by Prioritizing Rapid Scaling Over Structural Discipline](https://www.naijapreneur.com/african-startups-risk-operational-collapse-by-prioritizing-rapid-scaling-over-structural-discipline/) - Many small and medium-sized enterprises (SMEs) across Sub-Saharan Africa face a high risk of operational failure and structural breakdown during expansion due to a failure to establish resilient internal workflows. Speaking on the operational vulnerabilities of high-growth companies, Nsikan Ubi, the Founder and Chief Executive Officer of Nubi Consulting, warned that many African founders systematically
- [Myria Gee Escalates Production Following Landmark ₦40 Million Reality TV Venture Capital Injection](https://www.naijapreneur.com/myria-gee-escalates-production-following-landmark-₦40-million-reality-tv-venture-capital-injection/) - The domestic personal care and beauty sector is witnessing a shift toward localized industrial processing, highlighted by the operational scaling of Myria Gee Global Enterprise Ltd. Operating a dedicated formulation and production facility in Kuje, Abuja, founder Pearl Ubani has established a fully indigenous supply chain that rejects the common industry practices of contract white-labeling
- [Nigerian Breweries Taps HEINEKEN Global Talent Chief Nkechi Runsewe for HR Leadership](https://www.naijapreneur.com/nigerian-breweries-taps-heineken-global-talent-chief-nkechi-runsewe-for-hr-leadership/) - Nigerian Breweries Plc has announced the appointment of Nkechi Runsewe as its new Human Resources Director, effective August 1, 2026. Runsewe, who is transferring directly from the parent company, The HEINEKEN Company, succeeds Grace Omo-Lamai. Omo-Lamai will officially retire on July 28, 2026, closing out a highly successful ten-year tenure marked by significant advancements in
- [How Braidé’s Diaspora-Backed App Uses Viral Codes to Assetize the African Styling Gig Economy](https://www.naijapreneur.com/how-braides-diaspora-backed-app-uses-viral-codes-to-assetize-the-african-styling-gig-economy/) - On-demand beauty platform Braidé, founded by technology entrepreneur Prince Metchie, is expanding its marketplace operations across major urban centers in North America, Europe, and Africa. Operating as a specialized gig-economy marketplace, the mobile software streamlines how consumers find, schedule, and pay for professional hair braiding and ethnic beauty services. By building an asset-light, mobile-first marketplace
- [FMCG and Energy Giants Target 'Tail-Spend' Vulnerabilities via Automated PaaS Portals](https://www.naijapreneur.com/fmcg-and-energy-giants-target-tail-spend-vulnerabilities-via-automated-paas-portals/) - African enterprises and public institutions are losing an estimated ₦587 billion annually due to a reliance on fragmented, manual procurement workflows. Speaking at the Digital Procurement Africa (DPA) Summit 2026 in Lagos—an executive forum organized by procurement technology firm Gloopro—C-suite officers, supply chain directors, and financial experts warned that paper-heavy supply chains remain a primary
- [ECOWAS Outlines Half-Century Horizon for Nigeria to Command Global Top 5 Economic Rank](https://www.naijapreneur.com/ecowas-outlines-half-century-horizon-for-nigeria-to-command-global-top-5-economic-rank/) - During the First Ordinary Session of the ECOWAS Parliament in Abuja, Dr. Kalilou Sylla, the ECOWAS Commissioner for Economic Affairs and Agriculture, outlined an ambitious macroeconomic forecast projecting that West Africa will become a dominant force in global commerce over the next 50 years. Citing long-term modeling data from the United Nations and leading global
- [Capital Market Capitalization Surpasses ₦160 Trillion Amid Aggressive Subsidy and FX Adjustments](https://www.naijapreneur.com/capital-market-capitalization-surpasses-₦160-trillion-amid-aggressive-subsidy-and-fx-adjustments/) - In a comprehensive nationwide address marking the third anniversary of his administration, President Bola Ahmed Tinubu declared that Nigeria’s economy is transitioning into a recovery phase following a period of steep structural adjustments. Acknowledging the severe inflationary pressures and household microeconomic strains caused by the removal of petrol subsidies and the unification of the foreign
- [Novus MFB Launches Zero-Cost CAC Registration to Onboard Benue’s Informal Retailers](https://www.naijapreneur.com/novus-mfb-launches-zero-cost-cac-registration-to-onboard-benues-informal-retailers/) - Novus Microfinance Bank has launched a corporate intervention program providing free Corporate Affairs Commission (CAC) business name registrations for micro-entrepreneurs and small business owners across Benue State. The initiative removes the regulatory and financial barriers that typically prevent informal merchants from formalizing their businesses, allowing local traders to obtain legal corporate identities at zero cost.
- [MTN Nigeria Deploys ₦45 Million Seed Funding to Youth-Led Startups via 'Live It 100' Campaign](https://www.naijapreneur.com/mtn-nigeria-deploys-₦45-million-seed-funding-to-youth-led-startups-via-live-it-100-campaign/) - MTN Nigeria Communications Plc has restructured its youth market engagement strategy with the official launch of its Live It 100 campaign, a multi-sector initiative aimed at embedding the telecommunications giant directly into Nigeria's digital gig economy. Developed in partnership with The Gathering, a youth culture platform, the campaign kicked off with a 100-hour continuous experiential
- [SEDC Deploys Equity Funding to 25 Startups to Establish South East Innovation Engine](https://www.naijapreneur.com/sedc-deploys-equity-funding-to-25-startups-to-establish-south-east-innovation-engine/) - The South East Development Commission (SEDC) has officially concluded the inaugural South East Venture Capital Programme (SEVCP) Pitch Competition in Enugu, unveiling a cohort of 25 indigenous tech and product startups selected for dedicated equity investment. Managed by the newly appointed Managing Director and Chief Executive Officer, Mark Okoye II (former Anambra State Commissioner for
- [Window Story Nigeria Unveils Omenife Foundation, Urges Architectural Switch to Local Components](https://www.naijapreneur.com/window-story-nigeria-unveils-omenife-foundation-urges-architectural-switch-to-local-components/) - During an industrial facility tour by architecture undergraduate students from the Nile University of Nigeria, Abuja, the Chief Executive Officer of Window Story Nigeria Ltd, Chief Hilary Uchechukwu Okpara, officially announced the launch of the Omenife Foundation. The newly established platform functions as a corporate social investment hub designed to provide structured mentorship, entrepreneurial training,
- [Innovation Challenge Nigeria 2026 Launches ₦18 Million Project Grant Pool for Student-Led Startups](https://www.naijapreneur.com/innovation-challenge-nigeria-2026-launches-₦18-million-project-grant-pool-for-student-led-startups/) - Corporate technology stakeholders have officially opened applications for the Innovation Challenge Nigeria 2026. The nationwide initiative is designed to identify, fund, and scale digital minimum viable products (MVPs) built by undergraduate innovators across Nigerian universities, polytechnics, and colleges. The program bridges the gap between theoretical academic research and practical commercial deployment, offering student founders direct
- [Nigeria Business Regulations For SMEs: NAFDAC, NCC, SON and the Rest And How To Leverage Them](https://www.naijapreneur.com/nafdac-ncc-son-and-the-rest-the-sector-rules-that-can-shut-you-down-or-open-big-doors/) - Every business in Nigeria deals with tax, CAC and the other broad rules, but depending on what you actually do, there are certain business regulations attached.
- [UBA Launches Four-Floor UNILAG Innovation Complex, Boosts Finance Endowment by ₦61.6 Million](https://www.naijapreneur.com/uba-launches-four-floor-unilag-innovation-complex-boosts-finance-endowment-by-₦61-6-million/) - United Bank for Africa (UBA) Plc has officially commissioned a new multi-purpose Innovation Hub and Business Office at the University of Lagos (UNILAG). The custom-designed, four-floor commercial building is engineered to foster deeper synergy between the financial services sector and academic research, offering students, innovators, and university faculty direct access to professional financial systems, advanced
- [NITDA Opens DEAP Framework to Position Homegrown Tech and Agro-SMEs for Continental Scale](https://www.naijapreneur.com/nitda-opens-deap-framework-to-position-homegrown-tech-and-agro-smes-for-continental-scale/) - The National Information Technology Development Agency (NITDA), working through the Office for Nigerian Digital Innovation (ONDI), has launched a targeted effort to expand the country's digital footprint. The agency has officially opened applications for the pilot cohort of the Digital Export Acceleration Programme (DEAP). This six-month, intensive program is designed to transform high-potential startups and
- [CBRILLIANCE AI-TECHS Unveils Integrated AI and Blockchain Infrastructure for African Commerce](https://www.naijapreneur.com/cbrilliance-ai-techs-unveils-integrated-ai-and-blockchain-infrastructure-for-african-commerce/) - As international tech conglomerates increase their control over Africa's digital infrastructure, indigenous technology firm CBRILLIANCE AI-TECHS LTD has launched an aggressive, multi-sector expansion. Founded by prominent Nigerian technology entrepreneur Jethro Mark Da’ar (JMD), the company is building an interconnected network of artificial intelligence, blockchain, and automated commerce tools designed to reduce Africa's long-term reliance on
- [How Self-Paced AI Training is Injecting Thousands of Grads Into Corporate Africa](https://www.naijapreneur.com/how-self-paced-ai-training-is-injecting-thousands-of-grads-into-corporate-africa/) - The Pan-African talent accelerator ALX has rolled out a major shift in its educational framework, moving entirely to a self-paced learning model across its digital training platforms. Backed by a strategic funding partnership with the Mastercard Foundation, the career accelerator has lowered financial barriers by allowing learners to access high-tier technology and artificial intelligence training
- [Abia’s NKATA Initiative Bypasses Direct Cash Disbursals with a ₦306m Tech-Voucher System](https://www.naijapreneur.com/abias-nkata-initiative-bypasses-direct-cash-disbursals-with-a-₦306m-tech-voucher-system/) - The Abia State Government has launched a ₦306 million technology-driven intervention framework designed to modernize small and medium-scale enterprises (SMEs) across its 17 Local Government Areas (LGAs). Unveiled by Governor Dr. Alex Otti, the initiative—tagged the NKATA Technology Enabling Business Grant—moves away from traditional cash-distribution models to establish a highly structured, vendor-managed resource deployment system.
- [ACCI and CITN Clash Over Implementation Shockwaves of Nigeria’s 2025/2026 Tax Act](https://www.naijapreneur.com/acci-and-citn-clash-over-implementation-shockwaves-of-nigerias-2025-2026-tax-act/) - The Abuja Chamber of Commerce and Industry (ACCI) and the Chartered Institute of Taxation of Nigeria (CITN) have locked horns over the operational rollouts of the Nigeria Tax Act (NTA) 2025. Speaking at a high-level stakeholders’ tax roundtable in Abuja, themed “Tax Reality: Ripple Effects on Industry and Commerce,” organized private sector leaders warned that
- [How Real-Time Digital Audits Determine Which Tech Startups Clear Private Equity Hurdles](https://www.naijapreneur.com/how-real-time-digital-audits-determine-which-tech-startups-clear-private-equity-hurdles/) - A significant structural shift is redefining corporate finance and capital acquisition across Sub-Saharan Africa. Data released by enterprise fintech firm Pronalytics Limited reveals that a clean, automated tax compliance infrastructure has become the primary factor separating local companies that successfully close institutional funding rounds from those that stall during accounting audits. According to the analysis,
- [NGX Group Outlines Listing Frameworks to Monetize Intellectual Property on African Exchanges](https://www.naijapreneur.com/ngx-group-outlines-listing-frameworks-to-monetize-intellectual-property-on-african-exchanges/) - At the 7th edition of the Africa Soft Power Summit in Nairobi, Kenya, the Chairman of Nigerian Exchange Group (NGX Group) Plc, Alhaji Umaru Kwairanga, called for a fundamental restructuring of how African capital markets evaluate intellectual property. Speaking under the central summit theme, “Africa's Compound Interest: Aligning Ecosystems of Finance, Creativity and Human Capital
- [How Termii Multiplied A2P Transaction Traffic via Unified API Routing](https://www.naijapreneur.com/how-termii-multiplied-a2p-transaction-traffic-via-unified-api-routing/) - The rapid expansion of Africa's financial technology ecosystem has turned secure, real-time message delivery into a critical operational necessity. At the forefront of this shift is Termii Group, an indigenous Communications Platform as a Service (CPaaS) company led by co-founder and Chief Executive Officer Emmanuel Gbolade. Since its launch in 2017, the firm has evolved
- [Not Everyone Has the DNA](https://www.naijapreneur.com/not-everyone-has-the-dna/) - Angel investing is an active sport. The crowd around the field is large. The players are few — and they know exactly who they are. The DNA Ayobami Ishola told me to speak with Bola, our mutual friend. Said she should join the network. It was well-meaning advice — the kind that comes wrapped in
- [Rainoil Chairman Marks 60th Birthday with ₦50m Grant to 10 Early-Stage Entrepreneurs](https://www.naijapreneur.com/rainoil-chairman-marks-60th-birthday-with-₦50m-grant-to-10-early-stage-entrepreneurs/) - To mark his 60th birthday, the founder and Group Managing Director of the Rainoil Group, Dr. Gabriel Ogbechie (OON), has injected ₦50 million in equity-free seed capital into Nigeria’s startup ecosystem. At an entrepreneurship symposium held in Lagos, Ogbechie selected 10 early-stage entrepreneurs to receive ₦5 million each, shifting his anniversary celebration into a practical
- [Moniepoint CEO Returns to Ile-Ife Roots to Anchor SME Financial Inclusion Drives](https://www.naijapreneur.com/moniepoint-ceo-returns-to-ile-ife-roots-to-anchor-sme-financial-inclusion-drives/) - In a significant return to where his business journey began, the founder and Group Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, paid an official courtesy visit to the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi. Accompanied by members of Moniepoint’s executive management team, Eniolorunda was received at the royal palace with traditional cultural performances
- [What Nigeria’s 2025/2026 Tax Reforms Mean for Youth-Owned MSMEs](https://www.naijapreneur.com/what-nigerias-2025-2026-tax-reforms-mean-for-youth-owned-msmes/) - Nigeria is undergoing a major structural shift in its fiscal policy as the Federal Government aggressively tries to raise its tax-to-GDP ratio from a low 10 to 11 per cent up to more sustainable African regional benchmarks. While the sweeping reforms introduced under the Nigeria Tax Act (NTA) 2025 are designed to streamline collections, they
- [Continental Blueprints: MTN and SMEDAN’s mySMEville Eyes 5 Million Users as Angola Adapts Model](https://www.naijapreneur.com/continental-blueprints-mtn-and-smedans-mysmeville-eyes-5-million-users-as-angola-adapts-model/) - Nigeria’s public-private approach to informal sector formalization is gaining continental recognition. A high-level diplomatic and technical delegation from Angola's National Institute for the Support of Micro, Small, and Medium Enterprises (INAPEM), led by Chairman Bráulio Augusto, visited the country to study mySMEville, a unified digital platform developed through a partnership between MTN Nigeria and the
- [UK Exempts Nigeria from Strict Proof-of-Origin Mandates in Russian Oil Crackdown](https://www.naijapreneur.com/uk-exempts-nigeria-from-strict-proof-of-origin-mandates-in-russian-oil-crackdown/) - The United Kingdom has implemented a major structural change to its international energy trade regulations by introducing the Russia Sanctions (EU Exit) (Amendment) Regulations. The updated policy closes the "refining loophole" by explicitly banning the import of refined petroleum products—including petrol, naphtha, paraffin, lubricants, and waste oils—processed in third-party countries using Russian crude oil. However,
- [Nigeria and Türkiye Sign Mining Accord to De-Risk Critical Mineral Assets](https://www.naijapreneur.com/nigeria-and-turkiye-sign-mining-accord-to-de-risk-critical-mineral-assets/) - Nigeria and Türkiye have signed a comprehensive mining cooperation agreement designed to transition their bilateral trade relations into a highly structured, operational framework. The pact was signed by the Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, and Nigeria’s Minister of Solid Minerals Development, Dr. Oladele Henry Alake, during the 2nd Istanbul Natural Resources
- [ABC Transport Founder to Chair Landmark 10th Anniversary Logistics Lecture in Lagos](https://www.naijapreneur.com/abc-transport-founder-to-chair-landmark-10th-anniversary-logistics-lecture-in-lagos/) - To mark its a decade of business journalism, strategic policy reporting, and sector coverage, online publication City Business News will host its 10th-anniversary lecture on Thursday, June 25, 2026, at the Rockview Hotel in Apapa, Lagos. The landmark event will gather leading maritime operators, manufacturers, transport experts, and regulatory policymakers to discuss the critical infrastructure
- [Nigeria Eyes Cassava Sorbitol to Bridge ₦8 Billion Industrial Sweetener Import Gap](https://www.naijapreneur.com/nigeria-eyes-cassava-sorbitol-to-bridge-₦8-billion-industrial-sweetener-import-gap/) - Nigeria’s industrial sweetener demand is projected to scale to approximately 2.15 million metric tonnes, exposing a severe structural imbalance in the country’s manufacturing supply chain. A market insights report titled “NCIA Insights: Unlocking Cassava’s Industrial Value through Sorbitol Production,” published by the Nigeria Cassava Investment Accelerator (NCIA)—an initiative of the Lagos Business School (LBS)—reveals that
- [Federal Government Faces 100% Liability Over Lack of Insurance on Lagos Airport Terminal](https://www.naijapreneur.com/federal-government-faces-100-liability-over-lack-of-insurance-on-lagos-airport-terminal/) - A regulatory gap in Nigeria's aviation framework has left the Federal Government facing full financial liability for rebuilding the fire-damaged old international terminal (Terminal 1) at the Murtala Muhammed International Airport (MMIA) in Lagos. Following a major inferno at the facility, investigations by Financial Vanguard revealed that several months after the incident, no underwriting firm
- [NESG Appoints Surayyah Ahmad to its Board to Anchor $300m Youth Investment Fund](https://www.naijapreneur.com/nesg-appoints-surayyah-ahmad-to-its-board-to-anchor-300m-youth-investment-fund/) - The Nigerian Economic Summit Group (NESG) has announced the appointment of Mrs. Surayyah Ahmad as a Director on its Board. The decision, approved during the private sector policy group’s second-quarter board meeting and confirmed via an official statement signed by Chief Executive Officer Dr. Tayo Aduloju, targets the acceleration of private sector-led transformation and inclusive
- [NAFOWA and Jenew Homes Launch 40,000sqm Subsidized Commercial Hub in Abuja](https://www.naijapreneur.com/nafowa-and-jenew-homes-launch-40000sqm-subsidized-commercial-hub-in-abuja/) - To strengthen non-operational support frameworks for military families, the Nigerian Air Force Officers' Wives Association (NAFOWA) has broken ground on a mega-commercial real estate project in Idu, Abuja. The NAFOWA Neighbourhood Market is being developed through a strategic public-private partnership (PPP) with domestic construction firm Jenew Homes to build sustainable retail infrastructure for military families,
- [FairMoney MFB Launches Asset Financing Solution for Logistics Operators](https://www.naijapreneur.com/fairmoney-mfb-launches-asset-financing-solution-for-logistics-operators/) - To expand its commercial lending portfolio and capitalize on the steady growth of the domestic logistics market, FairMoney Microfinance Bank has launched its Asset Financing Solution. The new product marks a strategic shift for the digital lender, moving beyond its traditional focus on short-term personal and working capital loans into long-term, asset-backed commercial financing. The
- [Femi Otedola Divests from Geregu Power to Fund $100m Stake in Dangote Refinery IPO](https://www.naijapreneur.com/femi-otedola-divests-from-geregu-power-to-fund-100m-stake-in-dangote-refinery-ipo/) - In a notable shift within Nigeria’s corporate elite, billionaire investor and Chairman of First HoldCo, Femi Otedola, has strategically reallocated a portion of his wealth to back the continent's largest industrial asset. Otedola disclosed that he has sold part of his equity stake in Geregu Power PLC to free up liquidity, positioning himself for a
- [Lagos to Host 10th ICC Africa Conference to Strengthen Cross-Border Commercial Arbitration](https://www.naijapreneur.com/lagos-to-host-10th-icc-africa-conference-to-strengthen-cross-border-commercial-arbitration/) - Lagos is set to reinforce its position as a major hub for commercial dispute resolution as it hosts the 10th International Chamber of Commerce (ICC) Africa Conference on International Arbitration and Alternative Dispute Resolution (ADR). Scheduled to run from June 3 to 5, 2026, at the Lagos Continental Hotel, the milestone pan-African summit will bring
- [Nigeria Adopts 50-Year CRCP Concrete Tech to Limit Road Maintenance Costs](https://www.naijapreneur.com/nigeria-adopts-50-year-crcp-concrete-tech-to-limit-road-maintenance-costs/) - To address high maintenance costs and make roads more resilient to changing weather patterns, the Federal Ministry of Works has shifted its road construction strategy toward high-durability technology. Speaking at the 2026 International Civil Service Conference in Abuja, the Permanent Secretary of the Ministry, Mr. Adeladan, announced the mandatory adoption of Continuously Reinforced Concrete Pavement
- [Meta Platforms Drive ₦1.2 Trillion in Annual Economic Value for Nigerian SMEs](https://www.naijapreneur.com/meta-platforms-drive-₦1-2-trillion-in-annual-economic-value-for-nigerian-smes/) - A new independent research report titled “Nigeria’s Digital Economy,” compiled by global consulting firm Public First, has revealed that tech giant Meta contributes an estimated $820 million (approx. ₦1.2 trillion) in annual economic value to the Nigerian economy. The report outlines how ecosystem integrations, open-source architectures, and social commerce tools are fundamentally reshaping the country's
- [Diaspora Expansion: Entrepreneur Ola-Soetan Launches Luxury Brand MOTIVA in the UK Market](https://www.naijapreneur.com/diaspora-expansion-entrepreneur-ola-soetan-launches-luxury-brand-motiva-in-the-uk-market/) - Nigerian fashion entrepreneur Ola-Soetan has initiated the international expansion of his luxury lifestyle brand, MOTIVA, with its official launch in the United Kingdom. Established in 2018 as a boutique concept, the brand's cross-border pivot comes at a time when premium African fashion labels are increasingly scaling into mature Western retail markets. The entry into the
- [Harde Business School Launches BLEP Suite to Mitigate Executive Governance Bottlenecks](https://www.naijapreneur.com/harde-business-school-launches-blep-suite-to-mitigate-executive-governance-bottlenecks/) - Executive growth constraints within modern enterprises are increasingly traced back to internal leadership capacity rather than macro market forces. According to corporate governance researchers at Harde Business School, corporate expansion typically stalls not because of a sudden loss of consumer demand or revenue, but because foundational management systems fail to keep pace with the operational
- [CCII and Kola Daisi University Graduate 153 Vocational Entrepreneurs to Boost MSME Formation](https://www.naijapreneur.com/ccii-and-kola-daisi-university-graduate-153-vocational-entrepreneurs-to-boost-msme-formation/) - Efforts to scale Nigeria’s micro-enterprise ecosystem received a boost as 153 vocational trainees graduated from the Kola Daisi Entrepreneurship Centre in Ibadan, Oyo State. The graduation marks the completion of a multi-month vocational acquisition and business incubation cycle designed to convert unemployed youth into self-reliant operators within the real economy. The center was established by
- [REA Signs Strategic Pacts with NCX and YIN to Power Agro-Clusters and Tech Hubs](https://www.naijapreneur.com/rea-signs-strategic-pacts-with-ncx-and-yin-to-power-agro-clusters-and-tech-hubs/) - The Rural Electrification Agency (REA), led by its Managing Director Dr. Abba Aliyu, has signed two separate Memoranda of Understanding (MoUs) designed to accelerate Nigeria’s clean energy transition and support the Federal Government’s Food Security Agenda under President Bola Ahmed Tinubu. The partnerships expand the REA’s role beyond basic electricity access, turning the agency into
- [Diageo and LSETF Graduate First Learning for Life Cohort to Power Lagos Hospitality](https://www.naijapreneur.com/diageo-and-lsetf-graduate-first-learning-for-life-cohort-to-power-lagos-hospitality/) - To support Nigeria's non-oil economic diversification goals, beverage alcohol manufacturer Diageo Nigeria, in partnership with Celebr-8 Lyfe and the Lagos State Employment Trust Fund (LSETF), has graduated the inaugural cohort of its Learning for Life (L4L) program. The initiative is designed to professionalize the hospitality and tourism sectors while providing a practical solution to youth
- [Eterna PLC Appoints Dr. Jude Nwaulune as MD/CEO to Drive Downstream Expansion](https://www.naijapreneur.com/eterna-plc-appoints-dr-jude-nwaulune-as-md-ceo-to-drive-downstream-expansion/) - Downstream energy marketing major Eterna PLC has announced a major restructuring of its executive leadership team. In an official regulatory filing sent to the Nigerian Exchange Limited (NGX) and the investing public, the company confirmed the appointment of Dr. Jude Nwaulune as its new Managing Director and Chief Executive Officer, effective May 14, 2026. Dr.
- [Moniepoint and Zoho Launch Monnify Plugin for Real-Time Ledger Reconciliation](https://www.naijapreneur.com/moniepoint-and-zoho-launch-monnify-plugin-for-real-time-ledger-reconciliation/) - To eliminate manual payment reconciliation and lower administrative overhead for local enterprises, Moniepoint Inc. (formerly TeamApt) has integrated its leading payment gateway service, Monnify, into Zoho Books, a global cloud-based accounting platform. The plugin, now available on the Zoho Marketplace, embeds local payment infrastructure directly into automated invoicing workflows. The strategic integration targets a critical
- [NNPC Accuses Dangote Refinery of Monopoly Push in Fuel Import Rights Suit](https://www.naijapreneur.com/nnpc-accuses-dangote-refinery-of-monopoly-push-in-fuel-import-rights-suit/) - The legal battle over the control of Nigeria’s downstream petroleum market has escalated at the Federal High Court in Lagos. The Nigerian National Petroleum Company Limited (NNPC) has formally opposed a new lawsuit (Suit No: FHC/L/CS/857/2026) filed by the Dangote Petroleum Refinery, warning that granting the facility’s demands could trigger a domestic fuel monopoly and
- [BeMINT Ecosystem Deploys Fully Funded Internship Engine to De-Risk SME Hiring](https://www.naijapreneur.com/bemint-ecosystem-deploys-fully-funded-internship-engine-to-de-risk-sme-hiring/) - To reduce the high onboarding costs and operational friction typically associated with hiring entry-level workers, human capital developer BeMINT has introduced a structured three-month fully funded internship model for the Nigerian corporate sector. The initiative aims to change traditional workplace integration by removing the financial and training burdens that often discourage local firms from taking
- [Court Rejects Local Firm’s ₦90bn Suit, Confirms CBN’s Exclusive Rights to 'eNaira'](https://www.naijapreneur.com/court-rejects-local-firms-₦90bn-suit-confirms-cbns-exclusive-rights-to-enaira/) - The Federal High Court in Abuja has brought a definitive end to a high-stakes, five-year intellectual property battle over the naming rights of Africa's first Central Bank Digital Currency (CBDC). Justice James Omotosho dismissed a ₦90.10 billion damages suit filed by eNaira Payment Solutions Limited against the Central Bank of Nigeria (CBN) and the Corporate
- [Nigeria Transitions 149 Pioneer Firms to Performance-Based Tax Credit Framework](https://www.naijapreneur.com/nigeria-transitions-149-pioneer-firms-to-performance-based-tax-credit-framework/) - The Federal Government has commenced a sweeping structural overhaul of its industrial tax incentive architecture. Under the newly enacted Nigeria Tax Act (NTA) 2025, the long-standing Pioneer Status Incentive (PSI)—which granted blanket corporate income tax holidays—has been officially replaced by the Economic Development Incentive (EDI). To safeguard investor confidence and maintain market stability during this
- [Dr. Jumoke Oduwole Launches AfCFTA-Korea Acceleration Pipeline for Tech Startups](https://www.naijapreneur.com/dr-jumoke-oduwole-launches-afcfta-korea-acceleration-pipeline-for-tech-startups/) - To push the African Continental Free Trade Area (AfCFTA) past paper agreements into active market trade, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has announced the launch of the AfCFTA Startup Acceleration Programme. Unveiled at the Biashara Afrika Summit, the international initiative is designed to transition African tech startups from local operations
- [Why a Bank Balance No Longer Guarantees USSD Transfer Success](https://www.naijapreneur.com/why-a-bank-balance-no-longer-guarantees-ussd-transfer-success/) - Millions of Nigerian banking consumers, small-scale traders, and Point of Sale (PoS) operators are experiencing widespread transaction failures when using Unstructured Supplementary Service Data (USSD) channels. The widespread disruptions have left users unable to complete urgent transfers, even when their bank accounts are well funded. Far from being a temporary technical hitch, these failures stem
- [Femi Otedola Backs Dangote Refinery as Structural Guard Against Policy Volatility](https://www.naijapreneur.com/femi-otedola-backs-dangote-refinery-as-structural-guard-against-policy-volatility/) - A major realignment within Nigeria's corporate elite has occurred following a high-level executive site tour of the Dangote Petroleum Refinery in Lekki, Lagos. Leading a high-level management delegation from First HoldCo, billionaire investor and corporate chairman Femi Otedola validated the mega-infrastructure asset, describing the 650,000 barrels per day (bpd) facility as a structural turning point
- [Meet R. J. Musah – From Lagos Street Hustle to Building a Logistics and Transportation Vision, OgaMusah](https://www.naijapreneur.com/meet-r-j-musah-from-lagos-street-hustle-to-building-a-logistics-and-transportation-vision-ogamusah/) - Introducing MINE 1000: The Largest Profiling of Made In Nigeria Entrepreneurs (MINE) Nigeria’s entrepreneurial spirit is one of its greatest untapped national assets. Across cities, campuses, and communities, millions of small business owners are quietly building, innovating, and creating value—often without recognition, documentation, or visibility. MINE 1000 (Made In Nigeria Entrepreneurs 1000) is a bold national
- [Africa Has the Minerals. Someone Else Has the Margin.](https://www.naijapreneur.com/africa-has-the-minerals-someone-else-has-the-margin/) - This morning, I was listening to a Bloomberg Next Africa report on critical minerals. The conversation circled lithium, cobalt, copper, and nickel — the materials now powering the global transition to electric vehicles, renewable energy, and high-performance computing. And as I listened, a familiar feeling settled in. Africa sits atop a remarkable share of the
- [Your Pitch Deck Is Not a Sales Document. It Is a Risk Reduction Document.](https://www.naijapreneur.com/your-pitch-deck-is-not-a-sales-document-it-is-a-risk-reduction-document/) - There is a mistake that is so common in early-stage pitching that it has almost become the default. Founders walk into investor meetings—or open Zoom calls, or send cold emails with decks attached—operating under a particular assumption about what they are trying to do. They are trying to sell. They have a product, a vision,
- [Canada Injects $30m into Nigeria Ahead of Lagos Bilateral Summit](https://www.naijapreneur.com/canada-injects-30m-into-nigeria-ahead-of-lagos-bilateral-summit/) - The Canadian Government has announced a $30 million (€27.6 million) bilateral funding package for Nigeria and the wider West African sub-region. The deployment aims to transition traditional foreign aid structures into commercial and technical partnerships. The financial package was unveiled by The Honourable Randeep Sarai, Canada’s Secretary of State for International Development, during an official
- [S&P Upgrades Nigeria to ‘B’ as Dangote Refinery Pushes FX Reserves to $50bn](https://www.naijapreneur.com/sp-upgrades-nigeria-to-b-as-dangote-refinery-pushes-fx-reserves-to-50bn/) - Global credit rating agency S&P Global Ratings has upgraded Nigeria’s long-term sovereign credit rating from B- to B, assigning the nation a stable outlook. The agency pointed to a dramatic structural improvement in Nigeria's external balance of payments, driven largely by the near-capacity operations of the $20 billion Dangote Refinery and Petrochemical Complex and a
- [Nigeria and Poland Launch Bilateral Tech and Security Infrastructure Pact](https://www.naijapreneur.com/nigeria-and-poland-launch-bilateral-tech-and-security-infrastructure-pact/) - The Federal Government of Nigeria and the Republic of Poland have entered high-level bilateral negotiations to establish a structured, cross-border framework for technology transfer, digital innovation, and critical security infrastructure. The strategic engagement took place during an official state visit by the Polish Deputy Prime Minister and Minister of Digital Affairs, Dr. Krzysztof Gawkowski, to
- [Cross River Launches VOSEP Scheme to Connect Trainees to Public Capital Pools](https://www.naijapreneur.com/cross-river-launches-vosep-scheme-to-connect-trainees-to-public-capital-pools/) - The Cross River State Government has launched a youth empowerment and micro-enterprise development campaign titled the Vocational Skills Entrepreneurship Programme (VOSEP). The initiative is organized by the Office of the Special Adviser to the Governor on Local Content. It is designed to combine technical, hands-on trade training with structured business management frameworks to foster industrial
- [African Food Changemakers Unveils 2030 Accelerator Model to Scale 1m Agribusinesses](https://www.naijapreneur.com/african-food-changemakers-unveils-2030-accelerator-model-to-scale-1m-agribusinesses/) - African Food Changemakers (AFC) has officially unveiled its strategic 2030 vision, marking a complete shift in its operating model from a participation-based non-profit network to a high-yield, continent-wide agribusiness accelerator. The restructured model is engineered to build investment-ready small and medium enterprises (SMEs) capable of scaling across regional and international trade corridors. Operating across 49
- [Griffin Capital Launches Multi-Vertical Conglomerate to Anchor SME and Infrastructure Funds](https://www.naijapreneur.com/griffin-capital-launches-multi-vertical-conglomerate-to-anchor-sme-and-infrastructure-funds/) - Amid a prolonged bullish run on the Nigerian Exchange (NGX), Griffin Capital Group Limited has announced its official market entry as a fully integrated financial services conglomerate. Headquartered in Lagos, the group’s launch aims to address structural capital formation gaps that limit expansion within Nigeria’s real sector, infrastructure networks, and small business ecosystems. The group
- [AfDB Allocates $200m Facility to Bank of Industry to Mitigate the 'Missing Middle' Credit Gap](https://www.naijapreneur.com/afdb-allocates-200m-facility-to-bank-of-industry-to-mitigate-the-missing-middle-credit-gap/) - The African Development Bank (AfDB) has approved a $200 million sovereign-guaranteed thematic financing facility for the Bank of Industry (BoI). The massive capital injection is explicitly structured to expand access to mid- and long-term "patient capital" for local enterprises navigating severe macroeconomic headwinds, high production costs, and steep energy overheads within the real sector. According
- [Jumoke Oduwole Assumes AfCFTA Chairmanship, Targets Non-Tariff Barriers](https://www.naijapreneur.com/jumoke-oduwole-assumes-afcfta-chairmanship-targets-non-tariff-barriers/) - Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has officially stepped into her role as the incoming Chair of the AfCFTA Council of Ministers. Speaking at the high-level Biashara Afrika 2026 Summit in Lomé, Togo, Oduwole urged continental leaders and economic planners to shift focus from signing policy papers to actively dismantling the
- [Loma Bank and Liberty Hub Form Alliance to Credit-Score 11,000 Informal MSMEs](https://www.naijapreneur.com/loma-bank-and-liberty-hub-form-alliance-to-credit-score-11000-informal-msmes/) - Digital financial institution Loma Bank has signed a strategic Banking-as-a-Service (BaaS) infrastructure agreement with enterprise support network Liberty Hub International Limited. The partnership is engineered to integrate regulated deposit, credit, and micro-investment tools directly into an ecosystem supporting over 11,000 informal traders, artisans, and small business owners across Nigeria. The joint initiative targets a deep
- [Festrut Group Chair Broadens Corporate Governance Portfolio via Advanced Legal and Behavioral Frameworks](https://www.naijapreneur.com/festrut-group-chair-broadens-corporate-governance-portfolio-via-advanced-legal-and-behavioral-frameworks/) - Within Nigeria's evolving corporate landscape, a structural shift is occurring where top executives are increasingly integrating advanced academic scholarship with real-sector business operations. A clear example of this trend is Uwakhemen Asikhia, the Founder and Board Chairman of the Festrut Group—a diversified conglomerate operating across construction, healthcare, logistics, consulting, and educational development. Asikhia’s recent completion
- [PalmPay Onboards 2,000 Northern Market Women into Digital Banking Network](https://www.naijapreneur.com/palmpay-onboards-2000-northern-market-women-into-digital-banking-network/) - FinTech platform PalmPay has wrapped up a major financial inclusion and capacity-building initiative in Northern Nigeria, successfully transitioning over 2,000 unbanked female traders into the formal digital banking ecosystem. The targeted field campaign focused on two major commercial hubs: the Sabon Gari Market in Kano and the Central Market in Kaduna. The project directly addresses
- [Vauchly Integrates NIN API into Map-Based Service Marketplace](https://www.naijapreneur.com/vauchly-integrates-nin-api-into-map-based-service-marketplace/) - Nigerian tech startup Vauchly has launched an on-demand, map-based job and services marketplace designed to bring digital visibility to the country's highly fragmented informal sector. Founded by tech entrepreneur Elijah Okpogie, the platform addresses a critical challenge in Nigeria's real economy: while micro, small, and medium-sized enterprises (SMEs) struggle to find reliable technical hands quickly,
- [Banks Expand SME Credit to ₦199bn as CBN De-risks Small Business Portfolios](https://www.naijapreneur.com/banks-expand-sme-credit-to-₦199bn-as-cbn-de-risks-small-business-portfolios/) - The Central Bank of Nigeria (CBN) has disclosed a sharp expansion in private-sector credit delivery to small businesses, with new commercial loans to Small and Medium Enterprises (SMEs) climbing to $\mathbb{N}$199 billion in April 2026. Speaking directly at the post-Monetary Policy Committee (MPC) media briefing in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso,
- [Meta Ecosystem Injects $820m Into Nigerian Economy](https://www.naijapreneur.com/meta-ecosystem-injects-820m-into-nigerian-economy/) - A new macroeconomic impact report has revealed that social media giant Meta contributes an estimated $820 million in annual economic value to Nigeria. The data underscores a major structural shift in how local small and medium-sized enterprises (SMEs) are leveraging social commerce and digital infrastructure to navigate severe domestic inflation and bypass traditional, costly brick-and-mortar
- [Lagos to Host AIAC 2026 to Combat Energy Sector Cyber Threats and Aging Asset Corrosion](https://www.naijapreneur.com/lagos-to-host-aiac-2026-to-combat-energy-sector-cyber-threats-and-aging-asset-corrosion/) - As West Africa's energy sector accelerates its digital transformation, the need for safer, smarter, and more resilient operations has become a top priority for operators. To address these demands, the Asset Integrity, Automation & Cybersecurity Conference (AIAC West Africa 2026) will take place from June 9–10, 2026, at The Civic Centre in Lagos, Nigeria. The
- [Nigeria Dominates Global Shea Alliance Board Amid Raw Export Bans](https://www.naijapreneur.com/nigeria-dominates-global-shea-alliance-board-amid-raw-export-bans/) - Nigeria’s strategic push to transform its agricultural landscape from raw commodity exportation to high-value industrial processing has achieved a significant diplomatic milestone. At the 2026 Global Shea Alliance (GSA) Conference in Accra, Ghana, Nigerian agro-allied executives swept the apex leadership seats of the organization's Executive Committee, signaling a major shift in the balance of power
- [OnePipe Corners 65% of Nigerian Aviation Payments via NIBSS-Backed Transfer Rails](https://www.naijapreneur.com/onepipe-corners-65-of-nigerian-aviation-payments-via-nibss-backed-transfer-rails/) - Nigerian fintech infrastructure provider OnePipe has expanded its footprint across the domestic aviation sector, capturing an estimated 65 per cent of the country's domestic airline payments market. The infrastructure firm has successfully onboarded 9 of the 14 licensed domestic carriers in Nigeria—including market giant Air Peace and the newly launched Binani Air—by building payment architecture
- [Dangote Group Activates 10,000-Hectare Seaport Layout to De-risk Lekki Downstream Value Chain](https://www.naijapreneur.com/dangote-group-activates-10000-hectare-seaport-layout-to-de-risk-lekki-downstream-value-chain/) - In a move to structurally separate its mega-manufacturing output from the chronic congestion of existing Lagos ports, Dangote Industries Limited has launched preliminary foundational activities for a massive deep-sea port project in the Olokola Free Trade Zone (OKFTZ). The mega-infrastructure project, which covers an expansive coastal footprint of over 10,000 hectares, serves as a key
- [Shareholders Ratify Elumelu’s Entry to Seplat Following $496m Equity Buyout](https://www.naijapreneur.com/shareholders-ratify-elumelus-entry-to-seplat-following-496m-equity-buyout/) - Shareholders of dual-listed independent energy giant Seplat Energy Plc have overwhelmingly ratified the appointment of the Chairman of Heirs Holdings, Tony O. Elumelu, CFR, as a Non-Executive Director. The resolution was passed with an overwhelming 99.96% majority vote during the company's 13th Annual General Meeting (AGM) held in Lagos. The move formally seals a massive
- [Ministry of Foreign Affairs Directs Local Tech Startups to Join AfCFTA–Korea Innovation Program](https://www.naijapreneur.com/ministry-of-foreign-affairs-directs-local-tech-startups-to-join-afcfta-korea-innovation-program/) - The Federal Government of Nigeria, through the Ministry of Foreign Affairs, has issued a national call directing high-growth domestic startups, technological innovators, and digital small businesses to apply for the African Continental Free Trade Area (AfCFTA) Startup Acceleration & Partnership Program. The inter-continental trade initiative is jointly deployed by the AfCFTA Secretariat, the Government of
- [How Nigeria's Party Culture Transformed into a Multi-Billion Dollar Asset Class](https://www.naijapreneur.com/how-nigerias-party-culture-transformed-into-a-multi-billion-dollar-asset-class/) - Nigeria’s traditional celebration ecosystem—popularly known as the Owambe culture—has completed a profound structural shift, evolving from an informal, community-supported weekend leisure activity into a highly commercialized, multi-billion dollar real-sector asset class. Far from being a mere showcase of consumer luxury, the modern Nigerian party serves as the primary product driving a complex network of Micro,
- [Stanel CEO Leverages Oxford Executive Milestone to Scale Corporate Footprint](https://www.naijapreneur.com/stanel-ceo-leverages-oxford-executive-milestone-to-scale-corporate-footprint/) - Dr. Stanley Uzochukwu, Founder and Chief Executive Officer of the diversified conglomerate Stanel Group and luxury hospitality brand The Delborough Lagos, has completed the High Performance Leadership programme at the University of Oxford. The academic milestone comes on the heels of several executive governance certifications completed at the Harvard Kennedy School—including Emerging Leaders, Leadership Decision
- [FG Sets Up Panel to Establish Cooperative Bank of Nigeria](https://www.naijapreneur.com/fg-sets-up-panel-to-establish-cooperative-bank-of-nigeria/) - The Federal Government of Nigeria has formalised its strategy to overhaul the nation's micro-credit and agrarian asset structures through the introduction of the Renewed Hope Cooperative Reform and Revamp Programme (RH-CRRP). During an institutional inauguration in Abuja, the Minister of State for Agriculture and Food Security, Senator Dr. Aliyu Sabi Abdullahi—represented by the ministry's Permanent
- [Sycamore Pivots to Tri-Entity FinTech Group After Securing Banking Infrastructure](https://www.naijapreneur.com/sycamore-pivots-to-tri-entity-fintech-group-after-securing-banking-infrastructure/) - Nigerian fintech firm Sycamore has completed a major corporate restructuring, transitioning from a pure digital credit provider into a multi-licence financial services group. The group's expansion strategy culminated in the acquisition of a Microfinance Bank (MFB) licence from the Central Bank of Nigeria (CBN). This newly added banking infrastructure serves as the anchor piece of
- [NNPC Urges African-Led Capital Frameworks to Unwind Gas Stagnation](https://www.naijapreneur.com/nnpc-urges-african-led-capital-frameworks-to-unwind-gas-stagnation/) - African nations must quickly move past abstract policy discussions and implement structured, bankable payment mechanisms to unlock the continent's massive natural gas reserves. Speaking at a strategic energy roundtable during the Africa CEO Forum in Kigali, Rwanda, the Executive Vice President of Gas, Power, and New Energy for NNPC Ltd, Olalekan Ogunleye, warned that inadequate
- [BoI Secures $200m AfDB Facility to Fund Manufacturing and SME Expansion](https://www.naijapreneur.com/boi-secures-200m-afdb-facility-to-fund-manufacturing-and-sme-expansion/) - The Bank of Industry (BoI) has secured a $200 million sovereign-backed financing facility from the African Development Bank (AfDB) Group. The capital injection is structurally designed to expand mid- to long-term credit lines for Nigerian private sector enterprises, targeting severe infrastructure gaps and funding expansions in high-growth industries. The transaction is paired with a secondary
- [Boundary Commission Seeks GIZ Backing to Finalize Benin Border Demarcation](https://www.naijapreneur.com/boundary-commission-seeks-giz-backing-to-finalize-benin-border-demarcation/) - The National Boundary Commission (NBC) of Nigeria has intensified its diplomatic push for complete border delimitation along the West African transit corridor. The commission stated that finalizing structured border governance is critical to unlocking formal cross-border trade, strengthening sub-regional security, and stabilizing the informal trade ecosystems that support frontier communities. The declaration was made by
- [OPay Expands ₦1.2bn Fund to Launch Career Incubator for Nigerian Undergraduates](https://www.naijapreneur.com/opay-expands-₦1-2bn-fund-to-launch-career-incubator-for-nigerian-undergraduates/) - Leading Nigerian fintech platform OPay has announced a major upgrade to its Corporate Social Responsibility (CSR) architecture, transitioning its core educational intervention from basic tuition coverage into a long-term human capital incubator. Marking the completion of its scholarship initiative's first operational cycle, the company has officially launched OPay Scholars—a bold expansion model engineered to combine
- [NCCIMA Spotlights Dangote’s Sourcing Strategy at Niger Trade Fair](https://www.naijapreneur.com/nccima-spotlights-dangotes-sourcing-strategy-at-niger-trade-fair/) - The Niger Chamber of Commerce, Industry, Mines, and Agriculture (NCCIMA) has lauded the Dangote Group as a premier model for indigenous industrialization ahead of the dedicated "Dangote Special Day" at the 22nd Niger National Trade Fair in Minna. According to the Director-General of NCCIMA, Adam Sallau (often referenced as Salihu), the conglomerate's multi-billion dollar investment
- [Pretty Mike Injects ₦100m into Proxy Lagos Following Federal Court Discharge](https://www.naijapreneur.com/pretty-mike-injects-₦100m-into-proxy-lagos-following-federal-court-discharge/) - Lagos nightlife entrepreneur and real estate investor, Mike Nwogu, popularly known as Pretty Mike, has completed a comprehensive ₦100 million architectural overhaul of his premium nightclub, Proxy Lagos. The capital-intensive renovation marks the formal repositioning and reopening of the Victoria Island hospitality asset, which endured an extended operational shutdown. The prolonged closure was triggered by
- [MTN and Airtel Ingest Cost Shocks to Fund Mega Network Upgrades](https://www.naijapreneur.com/mtn-and-airtel-ingest-cost-shocks-to-fund-mega-network-upgrades/) - Nigeria's telecommunications sector has reached a structural tipping point, transitioning away from a basic subscriber volume race toward data monetization and digital service delivery. Fresh Q1 2026 financial disclosures from market leaders MTN Nigeria and Airtel Nigeria reveal a massive surge in data traffic, forcing operators to execute capital-intensive infrastructure upgrades despite severe macroeconomic and
- [PEBEC Flattens Extortion Choke Points Along Apapa Port Axis](https://www.naijapreneur.com/pebec-flattens-extortion-choke-points-along-apapa-port-axis/) - In a direct bid to curb soaring logistics overheads and eliminate systemic bottlenecks at Nigeria’s primary maritime gateway, the Presidential Enabling Business Environment Council (PEBEC) has carried out a surprise enforcement raid along the Apapa port corridor. The operation resulted in the immediate dismantling of an entrenched network of unauthorized checkpoints and illegal toll booths
- [Tinubu Backs Airbus "360-Degree" Framework to Create Nigerian Aircraft Leasing Hub](https://www.naijapreneur.com/tinubu-backs-airbus-360-degree-framework-to-create-nigerian-aircraft-leasing-hub/) - In a major bid to resolve the chronic equipment deficits and high capital costs crippling domestic airline operators, President Bola Ahmed Tinubu has endorsed a comprehensive "360-degree engagement" proposal from European aerospace giant Airbus. The bilateral agreement was finalized during high-level negotiations on the sidelines of the Africa CEO Forum in Kigali, Rwanda, between the
- [Nigeria Ramps Up Youth Empowerment Drive with Second Phase of Jubilee Fellows Programme](https://www.naijapreneur.com/nigeria-ramps-up-youth-empowerment-drive-with-second-phase-of-jubilee-fellows-programme/) - In a bold push to reshape Nigeria’s employment landscape, the Federal Government is set to roll out the second phase of the Nigeria Jubilee Fellows Programme (NJFP) — a transformative initiative expected to generate over 20,000 new jobs annually and open more pathways for youth entrepreneurship. Scheduled for launch on October 22, 2025, in Abuja,
- [Lagos Activates 19 Accelerators to Deploy ₦10bn LASMECO Fund](https://www.naijapreneur.com/lagos-activates-19-accelerators-to-deploy-₦10bn-lasmeco-fund/) - The Lagos State Government has formally commenced the application and processing phase for its ₦10 billion Lagos State Micro Enterprise Support Initiative (LASMECO). At an onboarding ceremony held on Tuesday, May 12, 2026, at the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI) in Alausa, the state unveiled 19 certified accelerators selected to oversee the
- [Proximaforte Debuts 'Oloja by Payxy' to Centralize SME E-Commerce](https://www.naijapreneur.com/proximaforte-debuts-oloja-by-payxy-to-centralize-sme-e-commerce/) - Fintech firm Proximaforte Ltd has launched its flagship e-commerce marketplace platform, "Oloja by Payxy." Designed explicitly to bridge the digital visibility gap for micro, small, and medium enterprises (MSMEs), the system enables local merchants to instantly set up unified virtual storefronts and handle transactions using a centralized, link-based infrastructure. While Payxy operates behind the scenes
- [Dash MFB Counteracts New Card Fees with ₦5 Transaction Buffer](https://www.naijapreneur.com/dash-mfb-counteracts-new-card-fees-with-₦5-transaction-buffer/) - In a direct bid to capture the high-frequency retail transaction market, Dash Microfinance Bank has introduced a disruptive ₦5 flat-rate fee model across its digital ecosystem. The aggressive financial inclusion pricing matrix is engineered as a consumer shield against the Central Bank of Nigeria's recent banking policy, which sets physical ATM card issuance and routine
- [Lagos Channels ₦1.93bn in LSETF Loans and Grants to 4,100+ MSMEs](https://www.naijapreneur.com/lagos-channels-₦1-93bn-in-lsetf-loans-and-grants-to-4100-msmes/) - The Lagos State Government has announced the structured deployment of ₦1.933 billion in direct credit facilities and institutional grants aimed at stabilizing micro, small, and medium enterprises (MSMEs). Disclosed by the Commissioner for Wealth Creation and Employment, Hon. Akinyemi Ajigbotafe, during the 2026 Ministerial Press Briefing at the Bagauda Kaltho Press Centre in Alausa, the
- [SEC Flags Social Media Scams as Lagos Builds Cybersecurity Hub](https://www.naijapreneur.com/sec-flags-social-media-scams-as-lagos-builds-cybersecurity-hub/) - A multi-sector shift toward digital risk management and economic resilience is unfolding across Nigeria, led by capital market regulators, state policymakers, and global hardware brands reacting to macroeconomic pressures. 1. SEC Issues Red Alert on Viral Social Media Ponzi Schemes The Securities and Exchange Commission (SEC) has issued an urgent public notice warning citizens against
- [Value Addition Over Extraction: Tinubu Projects $20bn FDI Boom at Africa CEO Forum](https://www.naijapreneur.com/value-addition-over-extraction-tinubu-projects-20bn-fdi-boom-at-africa-ceo-forum/) - Nigeria is on track to secure approximately $20 billion in Foreign Direct Investment (FDI) in 2026. Speaking at a high-level panel session at the Africa CEO Forum in Kigali, Rwanda, President Bola Ahmed Tinubu attributed this influx to his administration's targeted removal of regulatory bottlenecks, macroeconomic stabilization, and institutional transparency. The President urged African leaders
- [Airtel Nigeria Launches Recruitment Drive for Mid-Career Experts](https://www.naijapreneur.com/airtel-nigeria-launches-recruitment-drive-for-mid-career-experts/) - Airtel Nigeria has opened its application portals for the 2026 Mid-Career Professionals Application Programme. The specialized recruitment drive targets experienced, solution-oriented professionals seeking to transition into or advance within the upper-tier layers of the telecommunications ecosystem. According to guidelines published on Airtel’s enterprise tracking and career portals, the initiative is strictly reserved for candidates who
- [PremiumTrust Bank Partners with Hallelujah Challenge to Inject ₦50m into MSMEs](https://www.naijapreneur.com/premiumtrust-bank-partners-with-hallelujah-challenge-to-inject-₦50m-into-msmes/) - In a notable convergence of corporate social responsibility and community-led empowerment, commercial lender PremiumTrust Bank has collaborated with the Hallelujah Challenge team to disburse ₦50 million in direct business grants. The financial injection, presented during a dedicated ceremony at the Hallelujah Challenge Centre in Lagos, successfully allocated seed capital to 13 distinct micro, small, and
- [FirstBank Names Julius Omodayo-Owotuga Executive Director After CBN Nod](https://www.naijapreneur.com/firstbank-names-julius-omodayo-owotuga-executive-director-after-cbn-nod/) - First Bank of Nigeria Limited has announced a major strategic enhancement to its executive leadership team following the official clearance of Dr. Julius B. Omodayo-Owotuga as an Executive Director. Appointed on Wednesday, May 13, 2026, his inclusion on the board has been formalized through regulatory approval from the Central Bank of Nigeria (CBN) and an
- [How Nigerian Sinotrucks is Steering the Switch to Gas-Powered Fleets](https://www.naijapreneur.com/how-nigerian-sinotrucks-is-steering-the-switch-to-gas-powered-fleets/) - A high-profile corporate engagement at the headquarters of Nigerian Sinotrucks Limited has highlighted a massive operational pivot toward automotive localization and cleaner transport energy. Hosted by the company's Managing Director, Alfred Okugbeni, the visit of Mr. Zhao Hua, Vice President of the global SINOTRUK Group, signaled international manufacturing confidence in Nigeria's commercial logistics hub. Beyond
- [APM Terminals Pledges $600m for Apapa Port Overhaul](https://www.naijapreneur.com/apm-terminals-pledges-600m-for-apapa-port-overhaul/) - Nigeria’s maritime sector is set for a massive transformation following a $600 million investment pledge from global port operator APM Terminals. The commitment was disclosed on Thursday, May 14, 2026, during a strategic meeting between President Bola Ahmed Tinubu and top APM executives at the Africa CEO Forum in Kigali, Rwanda. The investment is targeted
- [HYPREP to Host Major Donor Conference for Ogoniland’s $1bn Recovery](https://www.naijapreneur.com/hyprep-to-host-major-donor-conference-for-ogonilands-1bn-recovery/) - The Hydrocarbon Pollution Remediation Project (HYPREP) is set to host a high-stakes strategic engagement conference on Tuesday, May 26, 2026, at the Transcorp Hilton, Abuja. The event serves as a critical bridge between the Nigerian government and the international community, aiming to accelerate the $1 billion environmental clean-up of Ogoniland. The Chairman of the Board
- [Dangote Rejects NNPC Expansion to Pave Way for Landmark IPO](https://www.naijapreneur.com/dangote-rejects-nnpc-expansion-to-pave-way-for-landmark-ipo/) - In a high-profile interview with Nicolai Tangen, CEO of the Norwegian Sovereign Wealth Fund, Africa’s richest man, Aliko Dangote, revealed that he has officially rejected a bid by the Nigerian National Petroleum Company (NNPC) Limited to increase its stake in the Dangote Petroleum Refinery. While the NNPC initially held the option to buy up to
- [Otedola Solidifies Control of FirstHoldCo with ₦43bn Share Sweep](https://www.naijapreneur.com/otedola-solidifies-control-of-firstholdco-with-₦43bn-share-sweep/) - Billionaire investor and Chairman of FirstHoldCo Plc, Femi Otedola, has executed his largest single share purchase since taking the helm in January 2024. According to a regulatory filing on the Nigerian Exchange (NGX), Otedola acquired an additional 549.5 million shares on May 13, 2026, in a transaction valued at approximately ₦43.41 billion ($31.9 million). The
- [Hardware is the New Oil: How Maxitech is Building Nigeria’s Digital Backbone](https://www.naijapreneur.com/hardware-is-the-new-oil-how-maxitech-is-building-nigerias-digital-backbone/) - While software and fintech often dominate Nigeria’s tech headlines, a "quiet giant" in Lagos is focusing on the unglamorous but essential hardware that makes the digital economy possible. Maxitech Global Investment Limited has emerged as a critical node in Nigeria’s ICT supply chain, surpassing a major milestone of 100,000 devices distributed nationwide. As Nigeria enters
- [OneWallet Pilots 90-Day Credit Model for Aba’s Ariaria Traders](https://www.naijapreneur.com/onewallet-pilots-90-day-credit-model-for-abas-ariaria-traders/) - The Ariaria International Market in Aba—widely known as the "China of Africa"—has been selected as the launchpad for a disruptive new banking model by OneWallet Microfinance Bank. In a move designed to formalize the "Aba business spirit," the bank is offering a pathway to credit that bypasses traditional collateral, relying instead on 90 days of
- [The Funding Trap: Nigerian-Led Fintech Chimoney Shuts Down Amid Regulatory High Costs](https://www.naijapreneur.com/the-funding-trap-nigerian-led-fintech-chimoney-shuts-down-amid-regulatory-high-costs/) - Chimoney, the cross-border payout startup founded by Nigerian-Canadian entrepreneur Uchi Uchibeke, has officially ceased operations. In an email sent to customers on May 1, 2026, the company announced it has stopped processing all new transactions and begun the process of winding down its infrastructure and refunding user balances. Founded in 2022, Chimoney aimed to solve
- [Devspace Wins Hult Prize Nigeria, Set for Global Digital Incubator](https://www.naijapreneur.com/devspace-wins-hult-prize-nigeria-set-for-global-digital-incubator/) - The Hult Prize Nigeria Nationals, often described as the "Nobel Prize for Students," has concluded its 2026 edition in Lagos, crowning Devspace from Covenant University as the national champion. The startup emerged at the top of a highly competitive field that saw 608 startups from 44 universities across Nigeria vie for the chance to solve
- ["Stop the Victim Mentality": Elumelu Defends French Ties and Calls for Global Capital Influx](https://www.naijapreneur.com/stop-the-victim-mentality-elumelu-defends-french-ties-and-calls-for-global-capital-influx/) - On the sidelines of the Africa Forward Summit in Nairobi, Nigerian billionaire and philanthropist Tony Elumelu has called for an end to "victim mentality" regarding Africa’s colonial past. The Chairman of Heirs Holdings, Transcorp, and United Bank for Africa (UBA) argued that the continent’s 21st-century survival depends on welcoming "massive private global capital" from every
- [FG and World Bank Unlock $65m for SPESSE Project Phase II](https://www.naijapreneur.com/fg-and-world-bank-unlock-65m-for-spesse-project-phase-ii/) - The Federal Government, in collaboration with the World Bank, has launched a new $65 million (approx. ₦97.5 billion) funding phase for the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project. This fresh injection of capital is set to benefit over 24,000 Nigerians through advanced professional training and the strengthening of institutional capacity. Coordinated by
- [Digitalizing the China of Africa OneWallet, Zenith, and MTN Launch SME FinTech Hub in Ariaria Market](https://www.naijapreneur.com/nigeria-france-trade-hits-4-7bn-as-tinubu-pushes-for-industrial-execution/) - In a move to modernize one of West Africa’s largest commercial hubs, OneWallet Microfinance Bank has entered into a strategic tripartite partnership with Zenith Bank and MTN. The collaboration aims to deploy a robust digital financial services platform tailored specifically for traders and Small and Medium-Scale Enterprises (SMEs) in Ariaria International Market, Aba. The platform
- [ACCI Targets Non-Oil Boom as China’s Zero-Tariff Policy Takes Flight](https://www.naijapreneur.com/acci-targets-non-oil-boom-as-chinas-zero-tariff-policy-takes-flight/) - Chief Emeka Obegolu, SAN, President of the Abuja Chamber of Commerce and Industry (ACCI), has described China’s newly implemented zero-tariff policy as a "major economic catalyst" that could finally break Nigeria’s decades-long addiction to crude oil exports. The policy, which officially took effect on May 1, 2026, grants duty-free access to 53 African nations, including
- [Tinubu Targets 600% ROI in Historic Kigali Investment Pitch](https://www.naijapreneur.com/23-nigerian-giants-lead-continental-expansion-drive/) - President Bola Tinubu has arrived in Kigali, Rwanda, for the Africa CEO Forum 2026, carrying what the Presidency describes as the "most compelling pitch" of his administration. The mission is clear: to convince global investors that Nigeria’s massive scale makes it the world's premier destination for high-yield returns. According to a statement from Sunday Dare,
- [NITDA and IDCA Launch Hyperscale AI Infrastructure to Secure Nigeria’s Data Sovereignty](https://www.naijapreneur.com/nitda-and-idca-launch-hyperscale-ai-infrastructure-to-secure-nigerias-data-sovereignty/) - Nigeria has taken a giant leap toward becoming Africa’s premier data hub with the signing of a strategic partnership between the National Information Technology Development Agency (NITDA) and the International Data Center Authority (IDCA). The agreement centers on the launch of the Nigeria Digital Triangle (NDT)—a high-tech network of AI-enabled, hyperscale data centers designed to
- [DMO Lists ₦47.3bn Sovereign Green Bond with 18.95% Yield on NGX](https://www.naijapreneur.com/dmo-lists-₦47-3bn-sovereign-green-bond-with-18-95-yield-on-ngx/) - Nigeria has hit a milestone in sustainable finance with the formal listing of the ₦47.335 billion Series III Sovereign Green Bond on both the Nigerian Exchange (NGX) and FMDQ Securities Exchange. Issued by the Debt Management Office (DMO) on behalf of the Federal Government, the bond offers a competitive 18.95% interest rate and is set
- [Meet Walter Emiedafe – From Side Hustle Survival to Building a Multinational-Focused Construction Company, Sapient Vendors](https://www.naijapreneur.com/meet-walter-emiedafe-from-side-hustle-survival-to-building-a-multinational-focused-construction-company-sapient-vendors/) - MINE 0009: Meet Walter Emiedafe, who started with nothing and today makes over N500m yearly. His MINE story is about discipline, structure, and resilience.
- [Bells University Students Secure Millions in Funding for AI Security and Green Beauty](https://www.naijapreneur.com/bells-university-students-secure-millions-in-funding-for-ai-security-and-green-beauty/) - The maiden edition of the Professor Jeremiah Ojediran Pitchathon has spotlighted a new wave of entrepreneurial talent at Bells University of Technology. The competition, a collaboration between The BOT Company and the NACOS Bells Chapter, saw 72 student-led teams compete for funding and mentorship to scale their innovative business ideas. The Winners: Science Meets Skincare
- [Jovico Facilitates Strategic Trade Mission for Nigerian Entrepreneurs in China](https://www.naijapreneur.com/jovico-facilitates-strategic-trade-mission-for-nigerian-entrepreneurs-in-china/) - In a major move to strengthen cross-border trade and industrial ties, the business consultancy firm Jovico has officially kicked off a high-level business tour to China. Leading a delegation of ambitious Nigerian entrepreneurs, the tour aims to provide local business owners with direct access to global manufacturing hubs and technological innovations. The initiative is designed
- [NAFRC Launches Intensive Entrepreneurship Hub for Military Elite](https://www.naijapreneur.com/nafrc-launches-intensive-entrepreneurship-hub-for-military-elite/) - The Nigerian Armed Forces Resettlement Centre (NAFRC) has officially inaugurated the Senior and Middle-Level Entrepreneurship and Management Course 18/2026 at its base in Oshodi, Lagos. The initiative highlights a strategic shift for the military, moving from traditional resettlement to becoming a premier hub for human capital development and industrial leadership. Air Vice Marshal Abubakar Suleh,
- [Navidyn and Tuntunre Secure Funding at 2026 Innovate Pitch Competition](https://www.naijapreneur.com/navidyn-and-tuntunre-secure-funding-at-2026-innovate-pitch-competition/) - On Saturday, May 2, the Nigerian startup ecosystem witnessed a significant boost as Navidyn emerged as the grand prize winner of the Innovate Pitch and Grant competition. Outperforming a competitive field of finalists, Navidyn secured a $4,000 growth grant, while Tuntunre claimed the runner-up spot with a $1,000 prize. The event, organized by Crosspoint Church,
- [How Michael Oni’s Quila Jewelers is Crafting a Global Legacy with the NFL](https://www.naijapreneur.com/how-michael-onis-quila-jewelers-is-crafting-a-global-legacy-with-the-nfl/) - In a major win for African luxury craftsmanship, Michael Olorunsogo Oni, the founder of Quila Jewelers, has announced a high-profile collaboration with Nigerian-American football star Davison Igbinosun. Oni, a U.S.-based jeweler, was tasked with creating a bespoke "masterpiece" for the athlete, who was recently selected as a standout cornerback for the Buffalo Bills in the
- [Lagos Residents Surge Toward CARES Grants Amidst 2026 Cost-of-Living Crisis](https://www.naijapreneur.com/lagos-residents-surge-toward-cares-grants-amidst-2026-cost-of-living-crisis/) - As macroeconomic pressures intensify in 2026, the Lagos State Government has intensified its rollout of the COVID-19 Action Recovery and Economic Stimulus (CARES) Program. Designed as a non-repayable grant system, the initiative has seen a massive spike in applications from residents and entrepreneurs seeking a buffer against the rising cost of living and a challenging
- [NFVCB Chief Shaibu Husseini Champions Entrepreneurship as the New Script for Nollywood](https://www.naijapreneur.com/nfvcb-chief-shaibu-husseini-champions-entrepreneurship-as-the-new-script-for-nollywood/) - The Nigerian creative landscape is undergoing a tectonic shift, moving from a space defined by passion-driven improvisation to a high-octane economic engine fueled by digital innovation. This transformation is set to take center stage at the 10th anniversary of the Young Leaders Entrepreneurship Conference in Abuja, where Dr. Shaibu Husseini, Executive Director of the National
- [Nigeria Slashing Imports as Local Refining Takes the Lead](https://www.naijapreneur.com/nigeria-slashing-imports-as-local-refining-takes-the-lead/) - Nigeria’s energy landscape hit a historic milestone in April 2026, as the country spent a staggering ₦2.054 trillion on Premium Motor Spirit (PMS). While the financial burden remains heavy—driven by an average pump price of ₦1,340 per litre—a structural revolution is occurring under the surface: Nigeria is rapidly breaking its decades-long addiction to imported fuel.
- [Dangote Refinery Targets Record-Breaking Nigeria IPO by August 2026](https://www.naijapreneur.com/nigeria-wins-hosting-rights-for-2026-caf-assembly-and-glamorous-caf-awards/) - Aliko Dangote is preparing to launch what is expected to be the largest Initial Public Offering (IPO) in African history. New reports indicate that the Dangote Petroleum Refinery & Petrochemicals FZE is targeting a massive $50 billion valuation for its upcoming stock market debut. The group plans to sell up to a 10% stake, a
- [REA Opens $20,000 GCIP Grant for Nigerian Cleantech Startups](https://www.naijapreneur.com/rea-opens-20000-gcip-grant-for-nigerian-cleantech-startups/) - The Rural Electrification Agency (REA) has officially launched the Global Cleantech Innovation Programme (GCIP) Nigeria Accelerator Fund, a strategic initiative designed to catalyze the growth of local green enterprises. The program offers competition-based financial grants of up to $20,000 to help innovative startups and SMEs scale their operations and deepen their impact within Nigeria's energy
- [Meet Temitope Arogundade - From a One-Bedroom Apartment to Building a Purpose-Driven Nigerian Footwear Brand, BLVC](https://www.naijapreneur.com/meet-temitope-arogundade-from-a-one-bedroom-apartment-to-building-a-purpose-driven-nigerian-footwear-brand-blvc/) - MINE 0008: Meet Temitope Arogundade, founder of BLVC Global. His story reflects the reality of many young Nigerian entrepreneurs — starting small, learning and building.
- [BOI and ECOWAS Partner to Break Barriers for West African Female Exporters](https://www.naijapreneur.com/boi-and-ecowas-partner-to-break-barriers-for-west-african-female-exporters/) - During a high-level Executive Masterclass in Abuja, the Bank of Industry (BOI) reaffirmed its dedication to bridging the financial and structural gaps facing women in business. Representing Managing Director Olasupo Olusi, Ogo Ifeoma Akabuogu detailed a strategic initiative designed to bolster market access, digital integration, and credit availability for female entrepreneurs throughout the ECOWAS sub-region.
- [Fidelity Bank Surpasses ₦1.5 Trillion Revenue Mark Amidst Robust Capital Growth](https://www.naijapreneur.com/fidelity-bank-surpasses-₦1-5-trillion-revenue-mark-amidst-robust-capital-growth/) - Fidelity Bank Plc has officially released its audited financial statement for the 2025 fiscal year, showcasing a significant expansion in its earnings power. The Tier-1 bank saw its Gross Earnings soar by 45.6%, climbing from ₦1.04 trillion in the previous year to a record ₦1.52 trillion. This surge reflects a powerful momentum across its primary
- [Unity Bank Scales "SHOCOF" Nationwide After ₦500 Million Disbursed to Informal Traders](https://www.naijapreneur.com/unity-bank-scales-shocof-nationwide-after-₦500-million-disbursed-to-informal-traders/) - Unity Bank is intensifying its support for Nigeria’s informal economy by taking its specialized lending scheme, the Shop Collateralised Facility (SHOCOF), to a national scale. The bank revealed that it has already funneled over ₦500 million into the hands of small-scale entrepreneurs and retailers, a move aimed at bridging the massive financing gap that currently
- [OGSEDA Hits the Ground Running: Ogun’s New Push to Formalize and Scale Small Businesses](https://www.naijapreneur.com/ogseda-hits-the-ground-running-oguns-new-push-to-formalize-and-scale-small-businesses/) - In a strategic move to bolster the local economy, the Ogun State Government has operationalized the Ogun State Enterprise Development Agency (OGSEDA). Designed to serve as a catalyst for small business sustainability, the agency has begun its activities ahead of its formal inauguration scheduled for later this year. During a consultative session held at the
- [Why Financial Structuring is the New Frontier for Nigeria’s Nano-SMEs](https://www.naijapreneur.com/why-financial-structuring-is-the-new-frontier-for-nigerias-nano-smes/) - Nigeria’s economic heartbeat is powered by a diverse army of entrepreneurs, from the neighborhood kiosk owner to the emerging digital merchant. While these small-scale operations are often viewed through a lens of "hustle," they actually represent the bedrock of the nation’s stability. National Bureau of Statistics (NBS) data highlights their dominance: MSMEs constitute 96% of
- [Bumpa and Vendorcredit Unveil "Bumpa Capital" to Streamline SME Lending](https://www.naijapreneur.com/bumpa-and-vendorcredit-unveil-bumpa-capital-to-streamline-sme-lending/) - In a move to close the credit gap for retail business owners, sales management platform Bumpa has teamed up with the financial service provider Vendorcredit to debut a new credit initiative dubbed “Bumpa Capital.” This specialized financing tool is engineered to provide Nigerian merchants with a seamless path to securing business loans by bypassing the
- [Turbulence in the Skies: Fuel Scarcity and Triple-Digit Price Hikes Threaten Nigeria's Aviation Safety](https://www.naijapreneur.com/turbulence-in-the-skies-fuel-scarcity-and-triple-digit-price-hikes-threaten-nigerias-aviation-safety/) - Nigeria’s aviation industry is navigating a perfect storm as a severe shortage of aviation fuel (Jet A1) combines with skyrocketing costs to jeopardize flight schedules and safety standards. Industry stakeholders are warning that the crisis has moved beyond a financial headache, now manifesting as a significant operational and safety risk for both crews and passengers.
- [U.S. Oil Demand for Nigerian Crude Plummets in Q1 Amid Pipeline Sabotage and Regional Rivalry](https://www.naijapreneur.com/u-s-oil-demand-for-nigerian-crude-plummets-in-q1-amid-pipeline-sabotage-and-regional-rivalry/) - Fresh trade data reveals a cooling relationship between American refineries and Nigerian crude oil during the first quarter of 2026. The United States slashed its intake of Nigerian barrels to 7.84 million, a 7.03% dip from the 8.44 million barrels recorded during the same window in 2025. This contraction represents a physical loss of roughly
- [The $30 Billion Paradox: Why One Conglomerate is Outpacing the Wealth of a Nation](https://www.naijapreneur.com/the-30-billion-paradox-why-one-conglomerate-is-outpacing-the-wealth-of-a-nation/) - A startling economic divide is coming to light in 2026. The Dangote Group, a private conglomerate, is projected to generate $30 billion in annual revenue—a figure that is expected to eclipse the total revenue collection of the Nigerian Federal Government. This comparison highlights a sobering reality: a single corporate entity is on track to outearn
- [The Guinness Turnaround: How a Four-Pillar Blueprint Restored Profitability and Dividends](https://www.naijapreneur.com/the-guinness-turnaround-how-a-four-pillar-blueprint-restored-profitability-and-dividends/) - After weathering several years of financial turbulence, Guinness Nigeria Plc has successfully executed a massive operational reset, returning to the "black" with a remarkable ₦41.2 billion profit after tax for the 18-month period ending December 2025. This recovery marks a dramatic shift from previous years of heavy losses and has culminated in the company’s first
- [Nigeria Greenlights ₦ationwide Transport Data Bank and Port Power Plants Amid CBN Inflation Warning](https://www.naijapreneur.com/nigeria-greenlights-₦ationwide-transport-data-bank-and-port-power-plants-amid-cbn-inflation-warning/) - The Nigerian Federal Executive Council (FEC) has officially authorized three major Public-Private Partnership (PPP) projects aimed at modernizing the nation’s infrastructure. The approvals, which follow a rigorous review by the Infrastructure Concession Regulatory Commission (ICRC), focus on digitalizing the transport sector and resolving power shortages at Nigeria’s busiest maritime hubs. Smart Infrastructure and Port Power
- [The Silent Markets: How "Logistic Inflation" is Forcing Nigerian Retailers to Shut Their Doors](https://www.naijapreneur.com/the-silent-markets-how-logistic-inflation-is-forcing-nigerian-retailers-to-shut-their-doors/) - The rhythmic bustle that typically defines Nigerian commerce is being replaced by a chilling quiet as a growing number of traders are choosing to lock their shops. According to recent market surveys, a "pincer movement" of escalating logistics costs and dwindling consumer demand is pushing small business owners to the brink of collapse. The Logistics
- [NBA-SBL Marks 20th Anniversary With Policy and Business Law Conference in Abuja](https://www.naijapreneur.com/nba-sbl-marks-20th-anniversary-with-policy-and-business-law-conference-in-abuja/) - Nigeria’s evolving business climate will take centre stage in June as the Nigerian Bar Association Section on Business Law prepares to host the 20th edition of its flagship international conference in Abuja. Scheduled for June 8 to 10, 2026, the milestone event will examine how regulatory and economic reforms are translating into practical results for
- [HMCA 2026 to Drive Conversations on Talent Development and Digital Transformation in African Hospitality](https://www.naijapreneur.com/hmca-2026-to-drive-conversations-on-talent-development-and-digital-transformation-in-african-hospitality/) - Africa’s hospitality leaders are set to converge in Lagos this July as the 2026 edition of the Hotel Managers Conference Africa (HMCA) places workforce development and digital innovation at the centre of discussions shaping the sector’s future. The two-day conference will hold on July 11 and 12 at the Grand African Ballroom of Lagos Continental
- [Nigeria’s Economic Reforms Boost Investor Confidence, Strengthen Stock Market Growth](https://www.naijapreneur.com/nigerias-economic-reforms-boost-investor-confidence-strengthen-stock-market-growth/) - Nigeria’s financial markets are showing renewed strength as economic reforms introduced by President Bola Tinubu continue to attract investor confidence, improve market performance, and support stronger growth projections for the country. Key policy changes, including the removal of fuel subsidies and the unification of foreign exchange rates, have helped restore confidence in the economy after
- [Lagos Set to Host Scar 2 Shine Summit Bridging Corporate Leadership and Creative Excellence](https://www.naijapreneur.com/lagos-set-to-host-scar-2-shine-summit-bridging-corporate-leadership-and-creative-excellence/) - Business leadership and creative innovation will converge in Lagos next week as Emiralty Africa stages the 2026 edition of its flagship Scar 2 Shine Conference. The event is scheduled for May 14 at Radisson Blu Ikeja and is expected to attract entrepreneurs, professionals, creatives, and industry stakeholders for discussions centered on resilience, reinvention, and long-term
- [Access Bank Reviews Foreign Subsidiary Exposure Amid Stricter CBN Regulatory Limits](https://www.naijapreneur.com/access-bank-reviews-foreign-subsidiary-exposure-amid-stricter-cbn-regulatory-limits/) - Access Bank could be forced to restructure part of its international investment portfolio as it works to meet a regulatory exposure cap introduced by the Central Bank of Nigeria (CBN), according to recent disclosures referenced by Bloomberg. The new regulatory framework reportedly requires Nigerian banks to keep total investments in foreign subsidiaries within 10 percent
- [Dangote Urges Border Policy Reforms to Accelerate Intra-African Trade Growth](https://www.naijapreneur.com/dangote-urges-border-policy-reforms-to-accelerate-intra-african-trade-growth/) - Africa’s richest businessman, Aliko Dangote, has renewed calls for deeper regional integration, warning that Africa’s economic ambitions will remain limited unless governments dismantle the bureaucratic barriers restricting the movement of people, goods, and services across the continent. Speaking during a high-level discussion with Makhtar Diop, Dangote said the inability of African entrepreneurs to move freely
- [FCMB Strengthens Women Entrepreneurship Support with Interest-Free SheVentures Financing](https://www.naijapreneur.com/fcmb-strengthens-women-entrepreneurship-support-with-interest-free-sheventures-financing/) - First City Monument Bank (FCMB) has launched a fresh application cycle for its SheVentures initiative, introducing interest-free funding support designed to strengthen women-led businesses and improve access to affordable working capital across Nigeria. The financing package offers eligible entrepreneurs access to loans ranging from ₦500,000 to ₦10 million, depending on business size and category. Under
- [Stanbic IBTC Strengthens Regional Trade Commitment at West Africa Finance Conference](https://www.naijapreneur.com/stanbic-ibtc-strengthens-regional-trade-commitment-at-west-africa-finance-conference/) - Stanbic IBTC Bank has reinforced its dedication to supporting trade expansion and economic development across West Africa after playing a major role as the lead sponsor of the 2026 edition of the Global Trade Review (GTR) West Africa conference. The two-day gathering, hosted at the Eko Convention Centre, brought together regulators, financial institutions, fintech companies,
- [FirstBank Earns Top Position as Nigeria’s Strongest Brand in 2026 Ranking](https://www.naijapreneur.com/firstbank-earns-top-position-as-nigerias-strongest-brand-in-2026-ranking/) - FirstBank has been ranked as the most powerful brand in Nigeria in the 2026 edition of the Nigeria 25 report released by Brand Finance, a global consultancy specialising in brand valuation and strategy. The financial institution secured the prestigious AAA+ rating, the highest grade awarded in the assessment, highlighting its strong market reputation, customer confidence,
- [Credit Direct Introduces Financial Literacy Programme to Support Nigerian SMEs](https://www.naijapreneur.com/credit-direct-introduces-financial-literacy-programme-to-support-nigerian-smes/) - Credit Direct has unveiled Money Talks, a new financial education initiative designed to help Nigerian entrepreneurs improve cash flow management and strengthen the survival rate of small and medium-sized businesses. The programme, led by experienced business operators and industry experts, aims to tackle one of the biggest challenges affecting SMEs in Nigeria — poor financial
- [UNIFEMGA Reunion to Spotlight Investment, Innovation and Nigeria’s Economic Potential](https://www.naijapreneur.com/unifemga-reunion-to-spotlight-investment-innovation-and-nigerias-economic-potential/) - Members of the Obafemi Awolowo University Muslim Graduates Association are set to gather in Ile-Ife for their 2026 annual reunion, where conversations will centre on national development, entrepreneurship, and untapped opportunities within Nigeria. The three-day programme, scheduled between May 8 and May 10 at Oduduwa Hall, is expected to attract alumni, business leaders, academics, policymakers,
- [Investigation Reveals Weak Verification Process on Nigerian Food Delivery Platforms](https://www.naijapreneur.com/investigation-reveals-weak-verification-process-on-nigerian-food-delivery-platforms/) - Questions are being raised about the onboarding systems used by food delivery platforms in Nigeria after an investigation revealed how easily businesses can allegedly be impersonated online. The issue gained attention in December 2025 when food brand Corporate Ewa publicly accused fake vendors of cloning its identity on Glovo despite the company never officially registering
- [Dangote Group Targets Massive Power Expansion Across Africa](https://www.naijapreneur.com/dangote-group-targets-massive-power-expansion-across-africa/) - Aliko Dangote has revealed that the Dangote Group is preparing to enter the power sector with plans to generate up to 20,000 megawatts of electricity, marking one of the company’s most ambitious infrastructure moves yet. Dangote disclosed the plan during a discussion with Makhtar Diop, where he outlined the group’s broader industrial expansion strategy across
- [LUYUAN Expands Into West Africa With Nigeria Development Hub](https://www.naijapreneur.com/luyuan-expands-into-west-africa-with-nigeria-development-hub/) - LUYUAN Group, a Hong Kong-listed electric two-wheeler manufacturer, has launched a new West Africa Market Development Center in Nigeria as part of its broader push into the African mobility market. The announcement was made during the company’s 2026 Overseas Partners Conference held in Shanghai, where LUYUAN unveiled plans to strengthen its international operations through localized
- [Enugu Gaming Conference 2026 Targets Nigeria’s Expanding iGaming Economy](https://www.naijapreneur.com/enugu-gaming-conference-2026-targets-nigerias-expanding-igaming-economy/) - Nigeria’s growing digital gaming industry is set to take centre stage with the announcement of the Enugu Gaming Conference 2026, a major industry gathering focused on technology, regulation, and investment opportunities within the country’s evolving iGaming ecosystem. Scheduled to hold in Enugu State, the conference will operate under the theme: “Code, Capital and Compliance: Unlocking
- [Experts Warn Weak Governance Threatens Survival of Nigerian Family Businesses](https://www.naijapreneur.com/experts-warn-weak-governance-threatens-survival-of-nigerian-family-businesses/) - Business leaders and governance experts have raised concerns over the long-term sustainability of family-owned businesses in Nigeria, warning that weak governance structures and poor succession planning continue to threaten their survival across generations. The concerns were raised during a conference hosted by the Lagos Business School Family Business Initiative in Lagos, themed “Beyond Survival: Governance
- [Abeokuta Set to Host Rotary’s Major 2026 Leadership and Humanitarian Gathering](https://www.naijapreneur.com/abeokuta-set-to-host-rotarys-major-2026-leadership-and-humanitarian-gathering/) - Rotary International District 9111 has unveiled plans for a large-scale conference in Abeokuta, bringing together business leaders, community builders, development partners, and humanitarian advocates from across Nigeria and abroad. The four-day event, tagged Royal Conference 2026, will hold from May 7 to May 10 and is expected to position Abeokuta as a major hub for
- [Nigeria Customs Pushes Digital Permit System to Improve Port Operations and Trade Efficiency](https://www.naijapreneur.com/nigeria-customs-pushes-digital-permit-system-to-improve-port-operations-and-trade-efficiency/) - Nigeria’s drive to modernise its ports and simplify trade procedures has gained momentum following the rollout of a new digital licensing and permit framework by the Nigeria Customs Service. Officials say the initiative is expected to reduce delays, improve transparency, and strengthen operational efficiency across the country’s maritime and trade ecosystem. Digital Reform Targets Faster
- [Naira Stability Reshapes Nigeria’s Fiscal Outlook as Dangote Refinery Cuts FX Pressure](https://www.naijapreneur.com/naira-stability-reshapes-nigerias-fiscal-outlook-as-dangote-refinery-cuts-fx-pressure/) - Nigeria’s recent exchange-rate stability is beginning to reshape the country’s broader economic and fiscal landscape, with analysts increasingly pointing to the Dangote Petroleum Refinery as a major factor behind the reduced pressure on the naira. After experiencing severe currency volatility that pushed exchange rates beyond ₦1,600 to the dollar in early 2025, the naira has
- [Heavy Trading Persists on Nigerian Stock Market Despite Pullback in Blue-Chip Shares](https://www.naijapreneur.com/heavy-trading-persists-on-nigerian-stock-market-despite-pullback-in-blue-chip-shares/) - Nigeria’s stock market recorded another session of intense trading activity as investors exchanged billions of naira worth of shares, even though profit-taking in major companies pushed the benchmark index lower. Market data from the Nigerian Exchange Limited showed that trading volume surged sharply, reflecting continued investor confidence in equities despite a temporary market retreat. Trading
- [ADC Presidential Hopeful Pushes SME Revival Agenda Amid Rising Business Costs](https://www.naijapreneur.com/adc-presidential-hopeful-pushes-sme-revival-agenda-amid-rising-business-costs/) - A presidential aspirant of the African Democratic Congress, Mohammed Hayatu-Deen, has raised concerns over the mounting economic pressure facing Nigeria’s small and medium-sized enterprises (SMEs), warning that the sector is struggling under rising operating costs and worsening insecurity. Hayatu-Deen made the remarks during a meeting with young entrepreneurs as part of broader consultations focused on
- [Bumpa Partners Vendorcredit to Expand SME Financing Through Data-Driven Lending Model in Nigeria](https://www.naijapreneur.com/bumpa-partners-vendorcredit-to-expand-sme-financing-through-data-driven-lending-model-in-nigeria/) - Nigeria’s e-commerce ecosystem has taken another step toward solving one of its biggest structural challenges—access to credit for small businesses—as Bumpa has announced a partnership with fintech infrastructure provider Vendorcredit to launch a new financing solution called Bumpa Capital. The initiative is designed to give small and medium-sized enterprises (SMEs) faster and more flexible access
- [Union Bank Recognised for Strengthening SME Banking Through Digital Efficiency and Flexible Credit Models](https://www.naijapreneur.com/union-bank-recognised-for-strengthening-sme-banking-through-digital-efficiency-and-flexible-credit-models/) - Union Bank of Nigeria has been awarded the Best SME Growth Banking Initiatives Award (2025) at the Nigeria National SME Business Awards, an event organised by the Association of Small Business Owners of Nigeria in partnership with the Lagos State Ministry of Commerce, Cooperatives, Trade and Investment. The recognition highlights growing expectations in Nigeria’s SME
- [Charles Keku Launches Security Guarding Operations Blueprint, A Field Control System Built for Nigeria’s Real-World Security Operations](https://www.naijapreneur.com/charles-keku-launches-security-guarding-operations-blueprint-a-field-control-system-built-for-nigerias-real-world-security-operations/) - Charles Keku, MD of Pahek Security Services Ltd, unveils a new book titled Security Guarding Operations Blueprint: A Field Control System for Security Operations.
- [Nigeria Misses Domestic Crude Supply Targets as Pricing Disputes Stall Refining Push](https://www.naijapreneur.com/nigeria-misses-domestic-crude-supply-targets-as-pricing-disputes-stall-refining-push/) - Nigeria’s oil producers fell significantly short of meeting domestic crude supply expectations in the first quarter of 2026, underscoring persistent structural issues in the country’s refining sector. Data released by the Nigerian Upstream Petroleum Regulatory Commission shows that although 61.9 million barrels were allocated to local refineries under the Domestic Crude Supply Obligation, only 28.5
- [Nigeria Expands Tax Net with New Rules Targeting Foreign-Linked Income](https://www.naijapreneur.com/nigeria-expands-tax-net-with-new-rules-targeting-foreign-linked-income/) - Nigeria is set to widen its tax base through a new framework designed to capture more income linked to its economy, particularly from foreign and digital businesses, while maintaining exemptions for remittances and certain offshore earnings. Broader Tax Reach Through “Force of Attraction” According to tax advisory firm Andersen, one of the most significant elements
- [Nigeria’s Stock Market Rally Dominated by Few Heavyweights as Large Caps Hit $104 Billion](https://www.naijapreneur.com/nigerias-stock-market-rally-dominated-by-few-heavyweights-as-large-caps-hit-104-billion/) - Nigeria’s equity market is increasingly being driven by a small group of dominant companies, with large-cap stocks accounting for about $104 billion (N142.79 trillion) out of the total market value of roughly $114 billion (N155.70 trillion) as of late April. This high concentration highlights a market structure where a handful of firms significantly influence performance,
- [Valuation Could Unlock ₦500 Trillion for Nigeria’s Economy, NIESV Says](https://www.naijapreneur.com/valuation-could-unlock-₦500-trillion-for-nigerias-economy-niesv-says/) - Nigeria could unlock as much as ₦500 trillion in economic value through effective asset valuation across key sectors, according to the Nigerian Institution of Estate Surveyors and Valuers. The institution made this known ahead of the 2026 International Valuation Day, emphasizing that valuation remains a critical but underutilized tool in driving economic transformation. Valuation as
- [NAICOM Moves to Prevent Insurance Failures Ahead of Recapitalisation Deadline](https://www.naijapreneur.com/naicom-moves-to-prevent-insurance-failures-ahead-of-recapitalisation-deadline/) - Nigeria’s insurance regulator, the National Insurance Commission, has assured stakeholders that no licensed insurer will be allowed to fail as the industry approaches its July 31, 2026 recapitalisation deadline. Regulatory Intervention to Protect the Sector The Commissioner for Insurance, Olusegun Omosehin, disclosed that the commission has already identified financially vulnerable companies and is actively working
- [Domestic Refining Push Falters as Nigeria Misses Crude Supply Targets in Q1 2026](https://www.naijapreneur.com/domestic-refining-push-falters-as-nigeria-misses-crude-supply-targets-in-q1-2026/) - Nigeria’s efforts to strengthen its domestic refining capacity faced a setback in the first quarter of 2026, as crude oil producers delivered less than half of the volumes allocated to local refineries. According to data from the Nigerian Upstream Petroleum Regulatory Commission, about 61.9 million barrels were earmarked for domestic refining under the Domestic Crude
- [Nigerian Marketing Firm Labile Expands UK Footprint with Birmingham Entry](https://www.naijapreneur.com/nigerian-marketing-firm-labile-expands-uk-footprint-with-birmingham-entry/) - Nigeria-founded marketing and communications firm Labile has expanded its operations into Birmingham, United Kingdom, marking a significant step in its international growth strategy. Strengthening Presence in the UK Market The move is aimed at deepening the company’s footprint in the UK while enabling closer engagement with businesses in one of the country’s most diverse commercial
- [Eight Nigerian Event Entrepreneurs Redefine Luxury Industry with Trust-Driven Business Model](https://www.naijapreneur.com/eight-nigerian-event-entrepreneurs-redefine-luxury-industry-with-trust-driven-business-model/) - A group of leading Nigerian event entrepreneurs is reshaping the country’s highly competitive events industry through innovation, consistency, and a strong focus on client trust and service quality. The feature, curated by Yinka Padonu alongside Favour Philip and Olufunke Padonu of SmartBrands Media, highlights how top industry players are building resilient brands across Nigeria’s growing
- [Nigeria Attracts 300 Investors as Oil Sector Reforms Signal Major Shift](https://www.naijapreneur.com/nigeria-attracts-300-investors-as-oil-sector-reforms-signal-major-shift/) - Nigeria’s oil and gas sector is drawing strong investor interest, with nearly 300 applications submitted for about 50 available assets in the country’s 2025 bid round, signaling renewed confidence in the industry. The update was provided by Oritsemeyiwa Eyesan at the Nigerian Pavilion during the Offshore Technology Conference 2026 in Houston, Texas. Rising Investor Confidence
- [ASBON Award Highlights Shift in Nigerian SME Banking Toward Practical Business Support](https://www.naijapreneur.com/asbon-award-highlights-shift-in-nigerian-sme-banking-toward-practical-business-support/) - The latest recognition from the Association of Small Business Owners of Nigeria signals a growing shift in how banks are evaluated in Nigeria’s small business ecosystem—moving away from size and product variety toward real-world impact on SME operations. A New Standard for SME Banking Traditionally, banking awards in Nigeria have focused on scale, profitability, and
- [UK–EU Backed $827,000 Energy Tech Challenge Opens for Nigerian Innovators](https://www.naijapreneur.com/uk-eu-backed-827000-energy-tech-challenge-opens-for-nigerian-innovators/) - A jointly funded initiative by the United Kingdom and the European Union has opened applications for a digital and AI-focused energy innovation challenge aimed at improving electricity access and efficiency across Africa, with strong participation expected from Nigeria. The programme is designed to support solutions that strengthen energy access, accelerate the energy transition, and improve
- [Nigerian Startup Siiqo Unveils All-in-One Platform to Simplify SME Business Operations](https://www.naijapreneur.com/nigerian-startup-siiqo-unveils-all-in-one-platform-to-simplify-sme-business-operations/) - A Nigerian startup, Siiqo, has launched a unified business management platform aimed at helping African small and medium-sized enterprises (SMEs) and freelancers streamline sales, payments, and customer engagement. The platform is designed to consolidate multiple business tools into a single system, reducing reliance on fragmented solutions such as messaging apps, spreadsheets, and social media channels.
- [You Are Not Just Building a Company. You Are Building an Asset](https://www.naijapreneur.com/you-are-not-just-building-a-company-you-are-building-an-asset/) - Ask most founders what they are building, and the answer arrives quickly and with conviction: a product, a platform, a service, a movement. Ask them what they own, and the answer gets murkier. The distinction between these two questions; what you are building and what you are building toward, is one of the most consequential
- [Heat Is Forcing Innovation: 10 Nigerian Startups Secure $560,000 to Tackle a Rising Crisis](https://www.naijapreneur.com/heat-is-forcing-innovation-10-nigerian-startups-secure-560000-to-tackle-a-rising-crisis/) - Nigeria’s worsening heat conditions are no longer just an environmental concern—they’re rapidly becoming an economic and innovation trigger. A new cohort of startups is stepping into that gap, building solutions designed for a hotter, more unpredictable future. Ten Nigerian ventures have now secured a combined $560,000 in funding to address the growing impact of extreme
- [Dangote’s Expansion Drive Signals Massive Job Creation Across Nigeria and Africa](https://www.naijapreneur.com/dangotes-expansion-drive-signals-massive-job-creation-across-nigeria-and-africa/) - As Dangote Group accelerates its expansion across key sectors, the company says its growing footprint is set to unlock thousands of new jobs across Nigeria and the wider African market. According to company officials, the scale-up is not just about increasing production—it is about building a workforce that can support a rapidly industrialising economy. Expansion
- [Meet Marvellous Bolarinwa - From ₦45,000 to a Rising Beauty Brand, “Nailedit by Maran”](https://www.naijapreneur.com/mine-0001-meet-marvellous-bolarinwa-from-45000-to-a-rising-beauty-brand-nailedit-by-maran/) - MINE 0001 - Bolarinwa Marvellous’ story is not yet a story of millions made or empires built. It is something far more important. It is the story of beginning.
- [Eni Moves to Exit Nigerian JV Stake Amid Strategic Shift](https://www.naijapreneur.com/eni-moves-to-exit-nigerian-jv-stake-amid-strategic-shift/) - Italian energy giant Eni has begun the process of selling its 5% stake in the Renaissance joint venture in Nigeria—marking another step in the ongoing reshaping of international oil company portfolios in the country. What’s Being Sold—and Why It Matters The stake is part of the Renaissance consortium, which took over assets from the former
- [Meet Eloho Zoe Tanho-Attah -  From ₦50,000 to Building a Performance Ecosystem, aeea Design Company](https://www.naijapreneur.com/meet-eloho-zoe-tanho-attah-building-a-performance-ecosystem-aeea-design-company/) - MINE 0002 - Eloho Zoe Tanho-Attah's story is not the story of a founder who got lucky. It is the story of a founder who stayed. From ₦50,000 to Building a Performance Ecosystem.
- [Meet Kehinde Ajose – From Journalism to Building a Media Visibility Business, Visibility Solutions Media Ltd.](https://www.naijapreneur.com/meet-kehinde-ajose-from-journalism-to-building-a-media-visibility-business-visibility-solutions-media-ltd/) - MINE 0003 - Kehinde Ajose's journey is a short lesson in what most founders learn too late: The work you do is only half the work. The other half is how people know about it!
- [Meet Olufemi Omotayo – From Lagos Hustle to Building a Legacy-Driven Storytelling Brand, Entplus Digital](https://www.naijapreneur.com/meet-olufemi-omotayo-from-lagos-hustle-to-building-a-legacy-driven-storytelling-brand-entplus-digital/) - MINE 0004: Meet Olufemi Omotayo, his journey is not one of overnight success or viral breakthroughs—it is a story of endurance, clarity, and quiet conviction.
- [Meet Adedolamu Olaribigbe – From Underpaid Recruiter to Building a Talent Recruitment Firm, Talent Ace Ltd.](https://www.naijapreneur.com/meet-adedolamu-olaribigbe-from-underpaid-recruiter-to-building-a-talent-recruitment-firm-talent-ace-ltd/) - MINE 0005: Meet Adedolamu Olaribigbe, her journey is a quiet lesson in what most founders overlook: You don't need capital to start. You need conviction, a network, and discipline.
- [Meet Barbara A. Omoregie – From Creative Curiosity to Building a Multidisciplinary Creative Powerhouse, Graphitti Studios](https://www.naijapreneur.com/meet-barbara-a-omoregie-from-creative-curiosity-to-building-a-multidisciplinary-creative-powerhouse-graphitti-studios/) - MINE 0006: Meet Barbara A. Omoregie, her journey is a powerful reminder that entrepreneurship is rarely linear. It is a path defined by reinvention, resilience, and courage.
- [The Cost of Invisibility: How African SMEs Lose Revenue Online](https://www.naijapreneur.com/the-cost-of-invisibility-how-african-smes-lose-revenue-online/) - Across Africa, small and medium-sized enterprises (SMEs) are the backbone of the economy. They create jobs, drive innovation, and fuel local commerce. Yet, many of these businesses suffer from a silent but devastating problem: online invisibility. While business owners focus on rent, inventory, staffing, and daily operations, a critical revenue channel is quietly leaking their
- [ZitraPay Redefines Foreign Exchange Access for Nigerian Businesses Locked Out of the System](https://www.naijapreneur.com/zitrapay-redefines-foreign-exchange-access-for-nigerian-businesses-locked-out-of-the-system/) - In an economy where access to foreign exchange can make or break a business, a new player is rewriting the rules. ZitraPay, a payment service provider, launched in June 2025, is bridging one of Nigeria’s most persistent economic gaps — helping small and mid-sized enterprises access US dollars transparently and legally without resorting to risky black-market routes.
- [Nigeria’s Economy Shifts as Investment, Innovation, and Structural Challenges Reshape Growth](https://www.naijapreneur.com/nigerias-economy-shifts-as-investment-innovation-and-structural-challenges-reshape-growth/) - Across Nigeria’s evolving business landscape, a common thread runs through developments in finance, energy, technology, and enterprise: the country is rapidly becoming a hub of high-stakes opportunity and equally high pressure. From investment inflows and job creation to regulatory shifts and innovation surges, the economy is being reshaped by both structural challenges and emerging possibilities.
- [Otedola Rejects Claims Linking Him to Dangote Refinery Funding, Calls Reports Fabricated](https://www.naijapreneur.com/otedola-rejects-claims-linking-him-to-dangote-refinery-funding-calls-reports-fabricated/) - Billionaire investor Femi Otedola has publicly denied allegations that he provided financial backing for the Dangote Petroleum Refinery, insisting the reports circulating online are inaccurate and misleading. In a statement shared on his X account on Monday, Otedola stressed that he did not contribute any funds to the refinery project in any form, dismissing the
- [Nigeria Risks Losing Investors Over Slow Business Registration, RMAFC Warns](https://www.naijapreneur.com/nigeria-risks-losing-investors-over-slow-business-registration-rmafc-warns/) - Nigeria could miss out on critical investment inflows if it does not urgently reform its business registration system, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has warned. The caution was raised by Enefe Ekene, Chairman of RMAFC’s Investment Monitoring Committee, during a meeting in Abuja with the Minister of Industry, Trade and Investment, Dr.
- [Celebrity Boxing Boom Sparks Debate on Private Investment in Nigeria’s Sports Industry](https://www.naijapreneur.com/celebrity-boxing-boom-sparks-debate-on-private-investment-in-nigerias-sports-industry/) - The recent celebrity boxing spectacle, Chaos in the Ring 4, has reignited conversations about the commercial future of sports in Nigeria—and whether private capital can unlock its full potential. Broadcast live on DAZN, the event drew massive attention both online and at the venue in Lagos. Overwhelming turnout led to crowd control issues, highlighting the
- [The Untapped Business Layers of Nigeria’s Emerging AI Economy](https://www.naijapreneur.com/the-untapped-business-layers-of-nigerias-emerging-ai-economy/) - Artificial intelligence may still feel abstract or intimidating to many businesses in Nigeria, but beneath the surface lies a multi-layered economic opportunity that extends far beyond popular tools like ChatGPT. Rather than being limited to software applications, the real value of AI is deeply rooted in infrastructure, talent, and systems integration—areas where Nigeria is still
- [Nigeria Approves Private Aircraft Leasing Firm to Boost Aviation Sector and Reduce Airline Costs](https://www.naijapreneur.com/nigeria-approves-private-aircraft-leasing-firm-to-boost-aviation-sector-and-reduce-airline-costs/) - The Federal Government of Nigeria has approved the creation of a new aircraft leasing company aimed at strengthening the country’s aviation industry and improving access to aircraft for local airlines. Announcing the decision after a Federal Executive Council meeting, Minister of Aviation Festus Keyamo explained that the initiative will operate as a privately funded Special
- [From Throne to Enterprise: Ooni of Ife Expands Business Footprint with Ojaja Mall in Lagos](https://www.naijapreneur.com/from-throne-to-enterprise-ooni-of-ife-expands-business-footprint-with-ojaja-mall-in-lagos/) - The Oba Adeyeye Enitan Ogunwusi, widely known as the Ooni of Ife, is redefining the role of traditional leadership in Nigeria by combining cultural influence with strategic business investments. His latest project, the Ojaja Mall and Suites, reflects a broader vision of economic empowerment driven by indigenous enterprise. Located along the Lekki–Ajah corridor in Lagos,
- [DBN Channels ₦1.4 Trillion into SMEs, Drives 1.6 Million Jobs Through Lending and Training](https://www.naijapreneur.com/dbn-channels-₦1-4-trillion-into-smes-drives-1-6-million-jobs-through-lending-and-training/) - The Development Bank of Nigeria (DBN) has reinforced its position as a key driver of small business growth, revealing that its financing activities have supported the creation of approximately 1.6 million jobs since its inception in 2015. Speaking at the bank’s 9th Annual General Meeting in Abuja, Managing Director and CEO Tony Okpanachi disclosed that
- [Coinage Fund Secures SEC License, Eyes Expansion in Nigeria’s Wealth Management Market](https://www.naijapreneur.com/coinage-fund-secures-sec-license-eyes-expansion-in-nigerias-wealth-management-market/) - Coinage Fund Management Ltd has received regulatory approval from the Securities and Exchange Commission Nigeria to operate as a licensed fund and portfolio manager, marking its official entry into Nigeria’s structured investment advisory space. The approval positions the firm to provide professional wealth management services across a wide client base, including high-net-worth individuals, institutions, corporate
- [AgDevCo Opens Multi-Million Dollar Funding Window for African Agribusinesses Ready to Scale](https://www.naijapreneur.com/agdevco-opens-multi-million-dollar-funding-window-for-african-agribusinesses-ready-to-scale/) - Agribusinesses across Sub-Saharan Africa now have an opportunity to access growth capital as AgDevCo opens applications for its long-term investment programme. The initiative targets commercially viable businesses in the agriculture sector that are ready to expand operations while delivering measurable impact across food systems, employment, and rural development. Bridging Africa’s Agribusiness Funding Gap Access to
- [ATCON Pushes Local Content Strategy to Strengthen Nigeria’s Digital Economy and SME Growth](https://www.naijapreneur.com/atcon-pushes-local-content-strategy-to-strengthen-nigerias-digital-economy-and-sme-growth/) - The Association of Telecommunications Companies of Nigeria (ATCON) has called for stronger local content development as a key strategy to drive sustainable growth in Nigeria’s digital economy. The association made this known during its Annual General Meeting held in Lagos, where industry stakeholders emphasized the need to empower local Internet Service Providers (ISPs) and small
- [Former Regulator Releases 5-Volume Business Series Covering Startups, Scaling, Data, and Modern Entrepreneurship](https://www.naijapreneur.com/former-regulator-releases-5-volume-business-series-covering-startups-scaling-data-and-modern-entrepreneurship/) - A new five-volume business publication series by Ekundayo George is offering a structured guide to entrepreneurship, operations, and long-term business sustainability, drawing from over four decades of professional experience across regulatory, legal, and corporate environments in the United States and Canada. The series is organised into 36 chapters across five themed volumes, each addressing a
- [Nigeria’s Private Sector Slips Into Contraction as PMI Drops Below 50, Signals Growth Slowdown](https://www.naijapreneur.com/nigerias-private-sector-slips-into-contraction-as-pmi-drops-below-50-signals-growth-slowdown/) - Analysts at Cowry Asset Management Limited have raised concerns over Nigeria’s short-term economic performance following new data showing a slowdown in business activity across key sectors. Their latest review of the April 2026 Purchasing Managers’ Index (PMI) released by the Central Bank of Nigeria indicates that economic momentum weakened significantly during the month. First Contraction
- [Africa’s Hidden Advantage in the AI Race: Beyond Code to Industrial Power](https://www.naijapreneur.com/africas-hidden-advantage-in-the-ai-race-beyond-code-to-industrial-power/) - Africa is increasingly being positioned as a critical force in the future of the global artificial intelligence (AI) economy, with industry leaders arguing that its importance goes far beyond data and software innovation. Speaking at the UNLEASH Global Business Conference 2026, held at the Johns Hopkins University Bloomberg Center, Dr. Elizabeth Jack-Rich, Chief Executive Officer
- [Kemi Adeosun Redefines Failure: Why Setbacks Are the Blueprint for Entrepreneurial Success](https://www.naijapreneur.com/kemi-adeosun-redefines-failure-why-setbacks-are-the-blueprint-for-entrepreneurial-success/) - At the 2026 edition of The Platform Nigeria 2026 held in Lagos, former Finance Minister Kemi Adeosun delivered a candid message to aspiring entrepreneurs: failure is not the opposite of success—it is part of the process. Drawing from her personal journey, Adeosun revealed that she had launched nine businesses, with six not succeeding. Rather than
- [Agege Unveils Low-Interest Business Loan Programme to Boost Entrepreneurs and Cut Poverty](https://www.naijapreneur.com/agege-unveils-low-interest-business-loan-programme-to-boost-entrepreneurs-and-cut-poverty/) - Small business owners and aspiring entrepreneurs in Lagos are set to benefit from a new financing initiative launched through a partnership between Agege Local Government and the Lagos State Employment Trust Fund. The programme, introduced by Abdulganiyu Obasa, is designed to improve access to capital for startups and small-scale enterprises within the Agege community. Under
- [Nigeria Bets on Small Businesses: New Push Positions MSMEs at the Core of Economic Growth](https://www.naijapreneur.com/nigeria-bets-on-small-businesses-new-push-positions-msmes-at-the-core-of-economic-growth/) - Nigeria’s federal government has reinforced its commitment to making micro, small, and medium enterprises (MSMEs) the driving force behind the country’s economic transformation. Speaking at the 6th Annual Lecture of the Development Bank of Nigeria in Abuja, Vice President Kashim Shettima—represented by Tope Fasua—highlighted the critical role small businesses play in national development. He emphasized
- [Nova Bank Maps Growth Strategy After Recapitalisation, Targets SMEs, Trade Finance, and Digital Expansion](https://www.naijapreneur.com/nova-bank-maps-growth-strategy-after-recapitalisation-targets-smes-trade-finance-and-digital-expansion/) - Nova Commercial Bank has outlined an ambitious post-recapitalisation strategy focused on expanding credit access, strengthening digital infrastructure, and deepening its presence in underserved segments of Nigeria’s banking market. Rather than pursuing scale for its own sake, the bank says its priority is to become a preferred financial partner—leveraging a hybrid model that blends relationship-driven banking
- [Adobe Targets Nigeria’s Booming Creator Economy with Strategic AI Expansion Push](https://www.naijapreneur.com/adobe-targets-nigerias-booming-creator-economy-with-strategic-ai-expansion-push/) - Global software giant Adobe is accelerating its expansion across Africa, with Nigeria emerging as a central hub in its strategy to tap into the fast-growing creative and AI-driven economy. Speaking during a media event in Lagos, Magalie Meuris outlined the company’s long-term commitment to the region, emphasizing that the move goes beyond short-term engagement and
- [Ten Nigerian Startups Secure $560,000 to Tackle Climate Threats in Agriculture and Public Health](https://www.naijapreneur.com/ten-nigerian-startups-secure-560000-to-tackle-climate-threats-in-agriculture-and-public-health/) - A group of ten emerging startups in Nigeria has secured a combined $560,000 in funding to develop solutions addressing the growing risks of extreme heat on food systems, public health, and infrastructure. The funding comes through the TECA Heat Action Wave (THAW) Programme, an initiative focused on supporting early-stage ventures building climate resilience technologies. The
- [DBN Disburses ₦300bn to MSMEs, Says 1.6 Million Jobs Created Through Lending Programmes](https://www.naijapreneur.com/dbn-disburses-₦300bn-to-msmes-says-1-6-million-jobs-created-through-lending-programmes/) - The Development Bank of Nigeria (DBN) says its financing interventions have continued to drive job creation and strengthen micro, small, and medium enterprises (MSMEs) across the country. Speaking after the bank’s 2025 Annual General Meeting in Abuja, Managing Director and CEO Tony Okpanachi revealed that the institution has disbursed over ₦300 billion to approximately 180,000
- [Why Nigerian SMEs Struggle to Scale: Experts Point to Power, Finance, and Formalisation Gaps](https://www.naijapreneur.com/why-nigerian-smes-struggle-to-scale-experts-point-to-power-finance-and-formalisation-gaps/) - Experts at the Nigeria Business Summit 2026 have identified deep structural challenges—particularly unreliable power supply, limited access to finance, and weak business formalisation—as the main barriers preventing small and medium-sized enterprises (SMEs) in Nigeria from scaling sustainably. During a session titled “The SME Economy: Advancing Trends and Opportunities,” stakeholders from the private sector, government agencies,
- [May 2026 Nigeria Business Events Roundup](https://www.naijapreneur.com/may-2026-nigeria-business-events-roundup/) - Welcome to May 2026 Nigeria Business Events Roundup! Below are the list of the top Business Events happening this month of May in Nigeria. May 2026 Nigeria Business Events Roundup 1. Innovate 2026 Innovate works to empower entrepreneurs and career professionals,equipping them with the skills and network they need to thrive. Date: 2nd May, 2026
- [SBP Ventures Launches "Small Business Innovation Challenge" (SBIC) with ₦20 Million Grand Prize, Opens Nationwide Search for 50 High-Potential SMEs](https://www.naijapreneur.com/sbp-ventures-launches-small-business-innovation-challenge-sbic-with-₦20-million-grand-prize-opens-nationwide-search-for-50-high-potential-smes/) - LAGOS, Nigeria – May 1st, 2026 – In a major push to formalize Nigeria's fragmented business ecosystem, SBP Ventures has officially opened applications for the inaugural Small Business Innovation Challenge (SBIC), a live, high-stakes television series designed to bridge the gap between grassroots entrepreneurs and institutional capital. The overall winner will walk away with a
- [Bridging the "Accountability Gap" for Nigerian Global Exports](https://www.naijapreneur.com/bridging-the-accountability-gap-for-nigerian-global-exports/) - London / Lagos — For many Nigerian entrepreneurs, the "secret sauce" of local success—rapid-fire flexibility and the power of the personal handshake—is proving to be a stumbling block on the global stage. Ayeni-Wuraola Ogungbola, the founder of OAW Brand Consulting, warns that the very agility that allows businesses to thrive in Lagos often clashes with
- [Strengthening the Palm and Petroleum Corridor: Nigeria and Malaysia Move Toward Formal Customs Alliance](https://www.naijapreneur.com/strengthening-the-palm-and-petroleum-corridor-nigeria-and-malaysia-move-toward-formal-customs-alliance/) - Bilateral trade between Nigeria and Malaysia has reached a critical tipping point, with imports from the Southeast Asian nation surging by nearly 350% over a four-year period. Data from the Nigeria Customs Service (NCS) reveals that imports climbed from $106.6 million in 2020 to approximately $477.3 million in 2024, bringing the cumulative five-year trade value
- [Nigerian Equities Market Hits Historic ₦150 Trillion Milestone](https://www.naijapreneur.com/nigerian-equities-market-hits-historic-₦150-trillion-milestone/) - In a historic trading session, the Nigerian equities market surged past the ₦150 trillion market capitalization threshold, driven by aggressive buying in blue-chip and mid-cap stocks. The market gained a staggering ₦5.554 trillion in a single day, reflecting renewed investor confidence as the full-year dividend season approaches. The All-Share Index (ASI) climbed by 3.77%, closing
- [UBA Unites Fintech Giants to Chart the Future of African Payments](https://www.naijapreneur.com/uba-unites-fintech-giants-to-chart-the-future-of-african-payments/) - United Bank for Africa (UBA) Plc has signaled a new era of financial cooperation by hosting its landmark Fintech Conference, themed “Navigating Regulatory Milestones: The Future of Bank–Fintech Partnerships.” The event marked a strategic pivot from traditional banking rivalry toward a unified ecosystem, bringing together heavyweights like OPay, PalmPay, Mastercard, Visa, and the Central Bank
- [Ghana and Nigeria Partner to Industrialize the Value Chain](https://www.naijapreneur.com/ghana-and-nigeria-partner-to-industrialize-the-value-chain/) - In a major push for West African agro-industrialization, high-level officials from Ghana and Nigeria have converged at the Shea 2026 Conference to overhaul the regional shea industry. Opening the event, Vice President Professor Jane Naana Opoku-Agyemang emphasized that shea is no longer just a rural commodity but a strategic economic pillar capable of driving multi-billion
- [Research Group Slams ₦1 Billion MSME Award Scheme](https://www.naijapreneur.com/research-group-slams-₦1-billion-msme-award-scheme/) - The Alliance for Economic Research and Ethics has issued a sharp critique of the Federal Government’s recently announced ₦1 billion Micro, Small, and Medium Enterprises (MSME) awards scheme. Labeling the initiative as a “kalokalo” (lottery) rather than a substantive economic strategy, the group argues that rewarding a small handful of businesses fails to address the
- [Nigeria and UAE Formalize Trade Ties to Boost Non-Oil Growth](https://www.naijapreneur.com/nigeria-and-uae-formalize-trade-ties-to-boost-non-oil-growth/) - Following a high-level diplomatic session in Abuja, Nigeria and the United Arab Emirates (UAE) have moved to solidify a strategic partnership aimed at revolutionizing customs cooperation and facilitating smoother entry for Small and Medium Enterprises (SMEs). The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, met with the UAE Ambassador to Nigeria, Salem
- [Strengthening the Silk Road of E-Commerce: Jumia Enhances China-Nigeria Cross-Border Trade](https://www.naijapreneur.com/strengthening-the-silk-road-of-e-commerce-jumia-enhances-china-nigeria-cross-border-trade/) - Following a high-level global conference, Jumia’s leadership team, led by Ojo, engaged in strategic discussions with the company’s China-based division and international sellers. The talks were centered on optimizing the supply chain and support structures for merchants targeting the Nigerian consumer market. The engagements come at a time when cross-border e-commerce is becoming a vital
- [Empowering the Grassroots: Pastor Jerry Eze Disburses ₦992m in Grants to 240 Entrepreneurs](https://www.naijapreneur.com/empowering-the-grassroots-pastor-jerry-eze-disburses-₦992m-in-grants-to-240-entrepreneurs/) - In a major boost for the Nigerian SME landscape, Pastor Jerry Eze, convener of the New Season Prophetic Prayers and Declarations (NSPPD), has awarded ₦992 million ($720,000) in grants to 240 entrepreneurs. The initiative, facilitated through his foundation, aims to mitigate the funding challenges faced by small business owners in a volatile economy. Speaking at
- [Femi Otedola Celebrates "African Icon" Mike Adenuga at 73](https://www.naijapreneur.com/femi-otedola-celebrates-african-icon-mike-adenuga-at-73/) - Lagos, Nigeria — Billionaire businessman and Chairman of First Bank Holdings, Femi Otedola, has shared a heartfelt tribute to the Chairman of Globacom, Mike Adenuga, on the occasion of his 73rd birthday. In a social media post shared on Wednesday, Otedola recounted a pivotal moment from over two decades ago that shaped his trajectory as
- [Odu’a Investment Company and Olubadan of Ibadan Partner for Regional Prosperity](https://www.naijapreneur.com/odua-investment-company-and-olubadan-of-ibadan-partner-for-regional-prosperity/) - Otunba Bimbo Ashiru, the Group Chairman of Odu’a Investment Company Limited (OICL), has announced a landmark collaboration with the Olubadan of Ibadanland, Oba Rasidi Ladoja, aimed at revitalizing the economic landscape of the Southwest’s largest city. During a high-level visit to the Oke-Aremo palace, the OICL leadership lauded Oba Ladoja’s visionary approach, highlighting the monarch’s
- [Digital Transformation in the East: Anambra State and Flutterwave Partner to Globalize Local Commerce](https://www.naijapreneur.com/digital-transformation-in-the-east-anambra-state-and-flutterwave-partner-to-globalize-local-commerce/) - The Anambra State Government and Africa’s leading payments technology company, Flutterwave, have signed a strategic partnership aimed at digitizing the state’s massive commercial landscape. By integrating advanced payment infrastructure into Anambra's trade hubs, the collaboration seeks to scale small and medium-sized enterprises (SMEs) and bridge the gap between traditional marketplaces and the global digital economy.
- [Regent MFB Chief Outlines the Triad of SME Growth in Nigeria](https://www.naijapreneur.com/regent-mfb-chief-outlines-the-triad-of-sme-growth-in-nigeria/) - Abuja, Nigeria — Idris Olugbesan, the Managing Director of Regent Microfinance Bank, has identified capital access, systemic trust, and technological integration as the three definitive pillars that will determine the future of Nigeria’s Small and Medium-scale Enterprises (SMEs). Speaking during a media session on Tuesday, Olugbesan highlighted that while SMEs are the primary engine of
- [GTCO Solidifies Support for SMEs with Permanent Zero POS Charge Policy](https://www.naijapreneur.com/gtco-solidifies-support-for-smes-with-permanent-zero-pos-charge-policy/) - Lagos, Nigeria — Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), has announced that the bank’s zero-fee policy for Point of Sale (POS) transactions is now a permanent fixture of the company’s corporate strategy. Speaking at the company’s Annual General Meeting (AGM) on Tuesday, April 30, 2026, Agbaje addressed shareholder
- [Bridging Nigeria’s $32.3bn SME Funding Gap: Dr. Ahmed Popoola Advocates for National Credit Reform](https://www.naijapreneur.com/bridging-nigerias-32-3bn-sme-funding-gap-dr-ahmed-popoola-advocates-for-national-credit-reform/) - Malete, Nigeria — Dr. Ahmed Popoola, Managing Director and CEO of CRC Credit Bureau Limited, has proposed an extensive overhaul of Nigeria’s credit infrastructure to address the staggering $32.3 billion financing deficit facing small and medium enterprises (SMEs). Delivering the inaugural Collaborative Lecture at Kwara State University (KWASU), titled "Finance, Entrepreneurship, and the Infrastructure of
- [German Business Delegation Arrives in Lagos Seeking Nigerian ICT Partners and Skilled Talent in Structured Market Entry Push](https://www.naijapreneur.com/german-business-delegation-arrives-in-lagos-seeking-nigerian-ict-partners-and-skilled-talent-in-structured-market-entry-push/) - Seven German companies flew into Lagos with a specific brief: find Nigerian partners, identify local representatives, and access the talent pool that German firms are increasingly looking toward Africa to fill. The delegation, facilitated by the Delegation of German Industry and Commerce in Nigeria, signals something more structured than the typical bilateral trade conversation —
- [FROM NAIJA TO THE WORLD: THE 3 MINDSHIFTS NEEDED TO TAKE NIGERIAN BRANDS GLOBAL](https://www.naijapreneur.com/from-naija-to-the-world-the-3-mindshifts-needed-to-take-nigerian-brands-global/) - In a recent LinkedIn conversation, the founder/CEO of ACR Global; Funmilola Adedeji-Bajulaiye in one of her CEO Drawing Board posts asked me to respond to the post quoted below; “How can we get Nigerian Brand Owners to dream bigger?” First, let me say this: the question itself is revolutionary. Because what you're really asking is,
- [Oceangate Founder Achimugu Denies Political Patronage Claims Amid $13 Million EFCC Forfeiture Battle](https://www.naijapreneur.com/oceangate-founder-achimugu-denies-political-patronage-claims-amid-13-million-efcc-forfeiture-battle/) - In January 2024, Aisha Achimugu hosted a seven-day 50th birthday celebration on the Caribbean island of Grenada. The guest list included prominent figures from Nigeria's entertainment industry and political class. Governor Babajide Sanwo-Olu of Lagos State was among those present. The event was lavish, visible, and — as it turned out — consequential. The public
- [Dangote Announces 1.4 Million BPD Refinery Expansion Set to Become World's Largest, Creating 95,000 Construction Jobs](https://www.naijapreneur.com/dangote-announces-1-4-million-bpd-refinery-expansion-set-to-become-worlds-largest-creating-95000-construction-jobs/) - The Dangote Petroleum Refinery is already the largest on the African continent. If the expansion announced by Aliko Dangote proceeds as planned, it will become the largest on the planet. Speaking in Lagos during his induction as an honorary fellow of the Nigerian Academy of Engineering, Dangote disclosed that the planned expansion of the refinery
- [Nasarawa Governor Calls on Dangote Group to Expand Into State's Mineral Resources as Industrial Partnership Deepens](https://www.naijapreneur.com/nasarawa-governor-calls-on-dangote-group-to-expand-into-states-mineral-resources-as-industrial-partnership-deepens/) - The relationship between the Dangote Group and Nasarawa State is already established. The state hosts the Nasarawa Sugar Company Limited, a backward integration project in the sugar sub-sector that is expected to become one of the largest sugar investments in Africa upon completion. But for Nasarawa's government, that is a starting point, not a ceiling.
- [Dangote Commits N550 Million to FUTO Student Hostel, Urges Nigerian Investors to Drive Domestic Industrialisation](https://www.naijapreneur.com/dangote-commits-n550-million-to-futo-student-hostel-urges-nigerian-investors-to-drive-domestic-industrialisation/) - Aliko Dangote arrived at the Federal University of Technology Owerri to deliver a lecture. He left having committed N550 million to the institution — and having made an argument about Nigeria's economic future that the students in that hall would do well to carry with them. The Dangote Industries president announced the construction of a
- [Nigeria Posts Record $6.1 Billion in Non-Oil Exports in 2025 as NEPC Targets Women-Led SMEs for Global Trade Expansion](https://www.naijapreneur.com/nigeria-posts-record-6-1-billion-in-non-oil-exports-in-2025-as-nepc-targets-women-led-smes-for-global-trade-expansion/) - In 2025, Nigeria recorded $6.1 billion in non-oil exports — the highest value in the country's history and the highest since the Nigerian Export Promotion Council was established. The export volume hit 8.02 million metric tonnes, also a record. These are not modest improvements on previous years. They are the best numbers this country has
- [DoctorOnTap Launches Virtual Healthcare Platform Across Nigeria, U.S., and Rwanda With Continental Expansion in Focus](https://www.naijapreneur.com/doctorontap-launches-virtual-healthcare-platform-across-nigeria-u-s-and-rwanda-with-continental-expansion-in-focus/) - The founding story of DoctorOnTap is not unusual in the way startup origin stories go — a personal frustration, a gap identified, a solution built. What makes it worth paying attention to is the scale of the gap it is trying to close and the speed at which it is moving to close it. Paul
- [MTN-Backed Pitchathon Awards N45 Million to Eight Nigerian Startups](https://www.naijapreneur.com/mtn-backed-pitchathon-awards-n45-million-to-eight-nigerian-startups/) - Thirty founders walked into the National Stadium in Surulere with business ideas. Eight walked out with funding. The gap between those two numbers is the most important thing about what happened at The Gathering on 100. The youth-focused innovation and culture event, backed by MTN Nigeria, has been evolving quietly from a cultural festival into
- [AI-Powered Tax Platform TaxStreem Launches in Nigeria Ahead of Mandatory E-Invoicing Deadline](https://www.naijapreneur.com/ai-powered-tax-platform-taxstreem-launches-in-nigeria-ahead-of-mandatory-e-invoicing-deadline/) - For most Nigerian small businesses, tax compliance is not a strategic priority. It is a quarterly panic — a scramble through spreadsheets, bank statements, and email threads to produce documentation that should have been organised in real time, submitted to a portal that may or may not cooperate, and defended against interpretations of tax law
- [The Trip from Curiosity to Cheque: Building the Infrastructure of Trust](https://www.naijapreneur.com/the-trip-from-curiosity-to-cheque-building-the-infrastructure-of-trust/) - Over the past few weeks, as usual, I’ve had conversations with several investors from different parts of the world. Different markets, different mandates, different lenses. But interestingly, they all circled the same question without coordinating with each other: How do we enter Africa without misunderstanding it? That question tells you everything about where the continent
- [The First Cheque Is Easy. Follow-On Capital Is Earned.](https://www.naijapreneur.com/the-first-cheque-is-easy-follow-on-capital-is-earned/) - There is a moment every early-stage founder remembers; the day the first investment lands. The notification arrives. The funds, clear. The conversation that began with a deck and a dream has become a transaction, a commitment, a vote of confidence from someone who did not have to believe but chose to. It is, in
- [Nigeria Scraps NIBOR for Transaction-Based NOFR in Major Money Market Overhaul](https://www.naijapreneur.com/nigeria-scraps-nibor-for-transaction-based-nofr-in-major-money-market-overhaul/) - For years, the rate that determined what Nigerian banks charged each other to borrow overnight was built on something surprisingly fragile: estimates. Banks submitted what they thought rates should be, those submissions were averaged, and the resulting number — the Nigerian Inter-Bank Offered Rate, or NIBOR — became the foundation on which trillions of naira
- [Experts Urge Nigeria to Embrace Resource-Based Industrialisation for Economic Growth](https://www.naijapreneur.com/experts-urge-nigeria-to-embrace-resource-based-industrialisation-for-economic-growth/) - The argument made at Lagos' 10th Bullion Lecture Series was not new. But the urgency behind it is growing harder to dismiss. Nigeria extracts. It ships. Someone else processes, manufactures, and sells the finished product back — often to Nigeria — at multiples of what the raw material was worth at the point of export.
- [UBA Posts Moderated Q1 2026 Profit as Core Revenue Lines Maintain Steady Growth](https://www.naijapreneur.com/uba-posts-moderated-q1-2026-profit-as-core-revenue-lines-maintain-steady-growth/) - Not every earnings decline is a warning sign. Sometimes it's a strategy — and UBA is betting that investors understand the difference. The United Bank for Africa posted a 22.8% drop in profit after tax for the first quarter of 2026, closing the period at ₦146.6 billion, down from the same quarter a year prior.
- [Blacknest Africa Awards Over ₦1 Million in Grants, Plans National Workshop Expansion](https://www.naijapreneur.com/blacknest-africa-awards-over-₦1-million-in-grants-plans-national-workshop-expansion/) - Most entrepreneurship programmes offer one of two things: knowledge or money. Blacknest Africa is quietly building a model that delivers both in the same room — and then hands over a cheque before participants leave. The Nigerian organisation has disbursed over ₦1 million in grants through its Business Plan Workshop series, held across Lagos and
- [TALI Converts Art Auction Proceeds Into Direct Funding for Disabled Entrepreneurs](https://www.naijapreneur.com/tali-converts-art-auction-proceeds-into-direct-funding-for-disabled-entrepreneurs/) - The paintings were on the walls. The bids were on the table. And when the auction closed, the proceeds didn't go to an endowment or an awareness campaign — they went directly into the hands of entrepreneurs with disabilities, as seed funding for small businesses across agriculture, tailoring, technology repair, and food production. That is
- [Lagos Opens Subsidised Workspace Programme for Early-Stage Startups](https://www.naijapreneur.com/lagos-opens-subsidised-workspace-programme-for-early-stage-startups/) - For early-stage founders in Lagos, one of the quietest but most persistent drains on a young company's runway is workspace. Before revenue arrives, before investment closes, and before the business finds its footing, the cost of having a professional environment to build from can consume a disproportionate share of whatever capital a founder has managed
- [Oye Warns Against Government Overreach in Nigeria's $74 Billion Livestock Sector](https://www.naijapreneur.com/oye-warns-against-government-overreach-in-nigerias-74-billion-livestock-sector/) - The warning came wrapped in a history lesson. And the history lesson came with a name most Nigerians know too well: Ajaokuta. The steel complex that absorbed billions of naira across decades, employed armies of consultants, and produced almost nothing commercially viable has become Nigeria's most expensive monument to what happens when government decides to
- [Dangote Refinery Posts Record Jet Fuel Margins as European Exports Hit All-Time High While Nigerian Airlines Face Pricing Crisis](https://www.naijapreneur.com/dangote-refinery-posts-record-jet-fuel-margins-as-european-exports-hit-all-time-high-while-nigerian-airlines-face-pricing-crisis/) - Africa's largest refinery is running at full capacity, exporting record volumes of jet fuel to European buyers, and generating margins that analysts estimate at more than double what European refiners are earning on the same product. It is, by any commercial measure, a remarkable success story. It is also, depending on where you sit, a
- [CBN Proposes 50% Increase in ATM Card Fees Under Revised 2026 Banking Charges Framework](https://www.naijapreneur.com/cbn-proposes-50-increase-in-atm-card-fees-under-revised-2026-banking-charges-framework/) - It's ₦500. In isolation, that sounds like nothing. But when a central bank quietly proposes to raise the cost of one of the most basic tools of financial participation in a country of 220 million people — many of whom are already stretched thin — the number stops being small very quickly. The Central Bank
- [Sanusi Questions Nigeria's Rising Debt Burden Three Years After Fuel Subsidy Removal](https://www.naijapreneur.com/sanusi-questions-nigerias-rising-debt-burden-three-years-after-fuel-subsidy-removal/) - He was the man who first sounded the alarm on missing oil revenues. He later governed the Central Bank through some of its most turbulent years. Now, as Emir of Kano, Muhammadu Sanusi II is doing what he has always done best — asking the uncomfortable question in public, loudly enough that it can't be
- [Fidelity Bank Launches SME Masterclass Series to Strengthen Entrepreneur Capacity](https://www.naijapreneur.com/fidelity-bank-launches-sme-masterclass-series-to-strengthen-entrepreneur-capacity/) - Most banks talk about supporting small businesses. Fidelity Bank is currently running a masterclass on how to price a product without undercutting yourself into bankruptcy — and about 100 entrepreneurs showed up to the first one. In April 2026, the bank launched a series of hands-on SME masterclasses out of its dedicated SME Hub in
- [ASIF Partners Flutterwave to Scale Youth Entrepreneurship Programme Ahead of YEEP 2026](https://www.naijapreneur.com/asif-partners-flutterwave-to-scale-youth-entrepreneurship-programme-ahead-of-yeep-2026/) - There's a version of youth empowerment that looks good in a press release and changes very little on the ground. Then there's the version that puts payment infrastructure directly in the hands of young entrepreneurs and dares them to build something with it. ASIF — the Activate Success International Foundation — is betting on the
- [FATE Foundation Marks 26 Years With 256,277 Entrepreneurs Trained Across Nigeria](https://www.naijapreneur.com/fate-foundation-marks-26-years-with-256277-entrepreneurs-trained-across-nigeria/) - In 1999, when most of Nigeria's current startup founders were still in primary school, FATE Foundation quietly began what would become one of the most consequential experiments in African enterprise development. A quarter of a century later, the numbers tell a story that's difficult to argue with. The Lagos-based non-profit has now trained 256,277 entrepreneurs
- [Pastor Poju Oyemade Unveils ₦150 Million Grant Programme for Nigerian Startups and SMEs](https://www.naijapreneur.com/pastor-poju-oyemade-unveils-₦150-million-grant-programme-for-nigerian-startups-and-smes/) - It won't come from a bank. It won't come with collateral requirements or an interest rate buried in fine print. It's coming from a pastor — and it might be exactly what Nigeria's startup ecosystem needs right now. Poju Oyemade, one of Nigeria's most prominent faith and business voices, has announced a ₦150 million grant
- [Nigeria Loses $400 Million Annually to Tomato Paste Imports Despite World-Class Production](https://www.naijapreneur.com/nigeria-loses-400-million-annually-to-tomato-paste-imports-despite-world-class-production/) - Nigeria is one of the largest producers of fresh tomatoes on the planet. Fields across the north burst with the crop every season. And yet, every year, the country quietly writes a $400 million cheque to foreign producers for tomato paste — a product made almost entirely from the same fruit Nigeria grows in abundance.
- [U.S. Restores Agricultural Credit Guarantees for Nigeria Amid Surging Bilateral Trade](https://www.naijapreneur.com/u-s-restores-agricultural-credit-guarantees-for-nigeria-amid-surging-bilateral-trade/) - In a move that signals a meaningful shift in how the United States engages economically with Africa's largest economy, American agricultural financing is flowing back into Nigeria through a revived government-backed credit guarantee programme — and the numbers suggest the timing couldn't be more deliberate. The U.S. Department of Agriculture's GSM-102 programme, which offers federal
- [Nigerian Breweries Posts 25.6% Profit Growth in Q1 2026, Driven by Falling Finance Costs](https://www.naijapreneur.com/nigerian-breweries-posts-25-6-profit-growth-in-q1-2026-driven-by-falling-finance-costs/) - Amid rising costs and an economy still finding its footing, Nigerian Breweries just served up a financial result that's worth raising a glass to. The country's foremost brewing giant posted a 25.6% jump in profit after tax for the first quarter of 2026 — closing the period at ₦55.95 billion, up from ₦44.55 billion in
- [Glovo Names Nigeria Its Fastest-Growing Market as On-Demand Economy Gains Momentum](https://www.naijapreneur.com/glovo-names-nigeria-its-fastest-growing-market-as-on-demand-economy-gains-momentum/) - When a European delivery giant quietly landed on Nigerian soil four years ago, few imagined it would soon be calling the country its crown jewel. Yet here we are. Spain-born on-demand platform Glovo has officially named Nigeria its fastest-growing market globally — a declaration made not in a boardroom overseas, but on Lagos ground at
- [TikTok and ICC Launch "Digital Commerce Labs" to Scalp Nigerian SMEs for Global Markets](https://www.naijapreneur.com/tiktok-and-icc-launch-digital-commerce-labs-to-scalp-nigerian-smes-for-global-markets/) - In a significant move to bridge the digital divide for local entrepreneurs, TikTok and the International Chamber of Commerce (ICC) have announced the launch of Digital Commerce Labs. This global initiative, specifically tailored for Nigeria, aims to transform small businesses from local vendors into digitally-savvy international competitors. The program is backed by a powerful domestic
- [The 9th GTCO Food and Drink Festival: Bridging the Gap Between Culinary Art and Commercial Credit](https://www.naijapreneur.com/the-9th-gtco-food-and-drink-festival-bridging-the-gap-between-culinary-art-and-commercial-credit/) - The GTCO Food and Drink Festival is returning to Lagos from May 1 to May 3, 2026, with a 9th edition designed to be as much a financial intervention as a cultural celebration. Moving beyond its reputation as a premier food exhibition, Guaranty Trust Holding Company Plc (GTCO) is using this year’s event to tackle
- [The Infinix NOTE 60 Ultra Redefines Premium for Nigeria](https://www.naijapreneur.com/the-infinix-note-60-ultra-redefines-premium-for-nigeria/) - The conversation around high-end smartphones in Nigeria is shifting. With its recent global debut at MWC 2026 and its entry into the Nigerian market this April 2026, the Infinix NOTE 60 Ultra is positioning itself not just as a mobile device, but as a high-performance business asset. Co-developed with the legendary Italian design firm Pininfarina—the
- [Professor Ohikhena Outlines 5 Forces Retarding Nigeria’s Wealth](https://www.naijapreneur.com/professor-ohikhena-outlines-5-forces-retarding-nigerias-wealth/) - At the 3rd Inaugural Lecture of Wellspring University, Professor Ohikhena delivered a stark assessment of Nigeria’s economic trajectory, warning that the nation remains trapped in an "entrepreneurship wilderness." He argued that Nigeria’s transition from a consumption-driven economy to a sovereign producer is being actively stifled by five historical and systemic "retardation forces." Ohikhena’s lecture, "From
- [Real Estate Disputes Highlight Nigeria’s "Hostile" Legal Landscape for Enterprise](https://www.naijapreneur.com/real-estate-disputes-highlight-nigerias-hostile-legal-landscape-for-enterprise/) - The complexities of Nigeria’s property sector have once again come under the spotlight as Osakwe, a lawyer and Managing Director of Alkire Partners Nig Ltd, warns that prolonged legal battles and "hostile" regulatory environments are becoming major deterrents to high-value investment. Osakwe, who is currently embroiled in a high-profile dispute involving an alleged ₦300 million
- [UnwindFest Set to Host "Founders Rant X" in Lagos](https://www.naijapreneur.com/unwindfest-set-to-host-founders-rant-x-in-lagos/) - In a business ecosystem often dominated by polished success stories, UnwindFest (powered by YellowLyfe) is returning to Lagos on Wednesday, May 13, 2026, with a different mission: a candid, unfiltered look at the grit behind the growth. The 10th edition of its flagship storytelling series, Founders Rant X, will convene over 150 CEOs and entrepreneurs
- [Nestlé Nigeria Invests ₦6 Billion in Youth Technical Training](https://www.naijapreneur.com/nestle-nigeria-invests-₦6-billion-in-youth-technical-training/) - In a significant boost to Nigeria’s industrial human capital, Nestlé Nigeria has announced a total investment of over ₦6 billion directed toward its Technical Training Centres (TTC). The initiative has successfully equipped 309 young Nigerians with advanced vocational and technical skills, creating a specialized talent pipeline for the country’s manufacturing sector. The program, hosted across
- [Egoras Unveils "Cube Phone" to Link SMEs Directly to the Stock Market](https://www.naijapreneur.com/egoras-unveils-cube-phone-to-link-smes-directly-to-the-stock-market/) - In a bold fusion of hardware and high finance, Egoras Technologies has announced the Cube Phone, a business-centric smartphone designed to bypass traditional banking bottlenecks. The device acts as a handheld portal to the capital market, allowing Small and Medium-sized Enterprises (SMEs) to raise funds and issue securities directly through a proprietary mobile operating system.
- [Diplomatic Momentum to Market Reality: Nigeria Emerges as UK’s Premier African Export Hub](https://www.naijapreneur.com/diplomatic-momentum-to-market-reality-nigeria-emerges-as-uks-premier-african-export-hub/) - In a historic realignment of economic ties, Nigeria has officially surpassed all other African nations to become the United Kingdom’s largest export market on the continent. Bilateral trade between the two powers has surged to a record £8.1 billion ($10.7 billion), marking an 11.4% increase and signaling a definitive shift from high-level diplomacy to multi-billion
- [Scaling for the Long Haul: Providus Bank Opens 2026 High-Growth SME Program](https://www.naijapreneur.com/scaling-for-the-long-haul-providus-bank-opens-2026-high-growth-sme-program/) - In a strategic push to mature Nigeria’s mid-market enterprises, Providus Bank has announced the opening of applications for its 2026 SME Program. Launched in partnership with the Enterprise Development Centre (EDC) of Pan-Atlantic University, the initiative distinguishes itself by targeting established businesses ready to transition from local success to sustainable, large-scale operations. While many national
- [SMEDAN Codifies Nigeria’s New National Standard for MSME Growth](https://www.naijapreneur.com/smedan-codifies-nigerias-new-national-standard-for-msme-growth/) - In a decisive move to professionalize Nigeria's fragmented small business sector, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has officially launched the Inspire–Create–Start–Scale (ICSS) framework. Developed in partnership with the German Agency for International Cooperation (GIZ), the initiative aims to replace "hustle" with a standardized, bankable pathway for entrepreneurs. SMEDAN Director-General Charles
- [Aimpexx Disrupts China-Nigeria Trade with 100% SME Import Financing](https://www.naijapreneur.com/aimpexx-disrupts-china-nigeria-trade-with-100-sme-import-financing/) - In a major move to bridge the liquidity gap for Nigerian traders, Aimpexx, a leading end-to-end sourcing and logistics firm, has launched a 100% SME Import Financing Program. The initiative is designed to eliminate the single biggest hurdle for local entrepreneurs: the requirement for heavy upfront capital when sourcing goods from China. By providing full
- [Green Powerhouse: Nigeria Triples Solar Production as Regional Export Ambitions Take Flight](https://www.naijapreneur.com/green-powerhouse-nigeria-triples-solar-production-as-regional-export-ambitions-take-flight/) - Nigeria has made a significant leap in its quest to dominate the West African renewable energy landscape, nearly tripling its domestic solar panel manufacturing capacity in just twenty-four months. From a modest 120MW two years ago, the nation’s output has surged to 300MW, with a staggering 3.7GW of additional capacity currently in development. Dr. Abba
- [Abuja to Host Landmark 2026 World Investment Summit Targeting $500 Billion in Pledges](https://www.naijapreneur.com/abuja-to-host-landmark-2026-world-investment-summit-targeting-500-billion-in-pledges/) - Nigeria is preparing to host a massive global gathering, the 2026 World Investment Summit (WIS) Abuja, from June 24 to 26. The event is expected to be a watershed moment for the national economy, with organizers projecting over $500 billion in investment commitments, Memoranda of Understanding (MoUs), and public-private partnerships. Adeniyi Adeyemi Matthew, Director-General and
- [The Architecture of Scale: Why Strategy is Replacing Hustle in Nigeria’s Startup Scene](https://www.naijapreneur.com/the-architecture-of-scale-why-strategy-is-replacing-hustle-in-nigerias-startup-scene/) - For years, the narrative of the Nigerian entrepreneur has been defined by "grit"—the ability to survive against the odds. However, a new school of thought led by strategist Eze Chinonso suggests that grit without architecture is a recipe for stagnation. Chinonso argues that the primary ceiling for the nation’s millions of MSMEs isn't just a
- [The Hidden Cost of Hustle Without Systems](https://www.naijapreneur.com/the-hidden-cost-of-hustle-without-systems/) - There is a peculiar religion in the startup world. It has no formal doctrine, no written scripture, and yet its devotees are everywhere; in co-working spaces, pitch rooms, founder WhatsApp groups, and late-night Twitter threads. The religion is called hustle. And like most belief systems, it offers something deeply seductive to its converts: the feeling
- [Energy Giant Injects ₦250 Million into Rivers State Startup Ecosystem](https://www.naijapreneur.com/energy-giant-injects-₦250-million-into-rivers-state-startup-ecosystem/) - In a major move to bolster local commerce, Nigeria LNG Limited (NLNG) has awarded ₦250 million in financial support to 51 emerging business owners. The disbursement marks the conclusion of the 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), a flagship initiative focused on driving economic resilience within the company’s host territories in Rivers State.
- [Deep-Tech Revolution: Nigeria Dominates 10th Google Accelerator Cohort with AI-Native Solutions](https://www.naijapreneur.com/deep-tech-revolution-nigeria-dominates-10th-google-accelerator-cohort-with-ai-native-solutions/) - In a year where the barrier to entry reached an all-time high, four Nigerian startups have emerged as the vanguard of the Google for Startups Accelerator Africa’s 10th Cohort. Facing a staggering 2,600 applications and a brutal 1% acceptance rate, the selection of Bani, MasteryHive AI, Regxta, and Termii signals a fundamental pivot in the
- [Zenith’s Market Surge: The Intersection of Monetary Policy and Investor Sentiment](https://www.naijapreneur.com/zeniths-market-surge-the-intersection-of-monetary-policy-and-investor-sentiment/) - In a dramatic four-month ascent, Zenith Bank has doubled its market valuation, climbing from $0.046 (N61.80) in December 2025 to $0.094 (N127.20) by April 20, 2026. This trajectory has not only established Zenith as a dominant force in the large-cap space but has seen it frequently displace rivals to become Nigeria’s most capitalized financial institution.
- [5 Mindset Shifts That Turned Me From Product Manager to Founder](https://www.naijapreneur.com/5-mindset-shifts-that-turned-me-from-product-manager-to-founder/) - In 2021, my journey into product wasn’t intentional rather it was inevitable. I had just transitioned into product after working on my first major project with one of the world's tech giants and their partners across Africa, then moved to a foreign-based African startup. At the time, I didn’t care about job titles; I cared
- [Pan-African Excellence Celebrated as 100 Visionaries Receive Global Honors in Lagos](https://www.naijapreneur.com/pan-african-excellence-celebrated-as-100-visionaries-receive-global-honors-in-lagos/) - The city of Lagos recently hosted the prestigious 100 Iconic Personalities of the Year 2026 Awards, an event designed to shine a spotlight on the continent’s most influential figures. Orchestrated by Iconic International Holdings, the gala served as a high-level intersection for global diplomats, industrial pioneers, and cultural icons dedicated to driving systemic change across
- [Port Harcourt Business Expo Equips Local Firms for Large-Scale Retail](https://www.naijapreneur.com/port-harcourt-business-expo-equips-local-firms-for-large-scale-retail/) - Sundry Markets Limited has successfully concluded its inaugural MSME Fair—Retail Ready 1.0, a strategic initiative designed to integrate smaller producers into the formal retail supply chain. Held in Port Harcourt, the summit focused on providing local entrepreneurs with the financial resources and technical expertise necessary to thrive in a volatile economic climate. The forum served
- [Aviation Crisis Averted: Domestic Carriers Pause Strike Following Government Intervention](https://www.naijapreneur.com/aviation-crisis-averted-domestic-carriers-pause-strike-following-government-intervention/) - Nigerian air travel has received a temporary reprieve after domestic airlines agreed to rescind a planned nationwide grounding of flights. The Airline Operators of Nigeria (AON), representing the country’s primary local carriers, announced the suspension over the weekend following an urgent appeal from federal authorities to prioritize dialogue over disruption. The industry had previously threatened
- [Financial Expert Declares Capital Availability as the Ultimate Catalyst for Nigerian SME Success](https://www.naijapreneur.com/financial-expert-declares-capital-availability-as-the-ultimate-catalyst-for-nigerian-sme-success/) - Ayooluwa Oladimeji, the Acting Executive Director of Commercial Solutions at Zedvance, has identified liquidity as the fundamental driver for the expansion of Small and Medium-scale Enterprises (SMEs) in Nigeria. During a recent broadcast on ARISE News, Oladimeji argued that the nation's economic productivity is inextricably linked to the ease with which businesses can secure funding.
- [Wema Bank Secures National Future with Early ₦264.7 Billion Capital Triumph](https://www.naijapreneur.com/wema-bank-secures-national-future-with-early-₦264-7-billion-capital-triumph/) - Wema Bank Plc has cemented its status as a heavyweight in the Nigerian financial landscape by overshooting the Central Bank of Nigeria’s (CBN) new capital requirements well ahead of schedule. By reporting a total qualifying capital of ₦264.7 billion, the bank has surged past the ₦200 billion threshold mandated for national institutions, securing its license
- [Bridging the ₦2.9 Trillion Divide: Women-Led Firms Tipped as Key to Nigeria’s $1 Trillion Goal](https://www.naijapreneur.com/bridging-the-₦2-9-trillion-divide-women-led-firms-tipped-as-key-to-nigerias-1-trillion-goal/) - While women now steer an impressive 72% of Nigeria’s 39.6 million MSMEs, a massive ₦2.9 trillion financing shortfall continues to hinder their potential. Despite dominating the small business landscape—a sector responsible for nearly half of the national GDP and 80% of employment—female entrepreneurs remain significantly underserved by traditional credit markets compared to men. Gloria Onosode,
- [Banking Sector Fortified by ₦4.65 Trillion Capital Boost Amid SME Lending Skepticism](https://www.naijapreneur.com/banking-sector-fortified-by-₦4-65-trillion-capital-boost-amid-sme-lending-skepticism/) - The Nigerian financial landscape has entered a new era following the conclusion of a massive 24-month recapitalization drive. As of March 31, 2026, the Central Bank of Nigeria (CBN) confirmed that 33 banks successfully cleared the new regulatory hurdles, injecting approximately ₦4.65 trillion in fresh equity into the system. While the apex bank asserts that
- [naijapreneur.com Launches MINE 1000 — The Largest Ever Annual Profiling of Made-In-Nigeria Entrepreneurs](https://www.naijapreneur.com/naijapreneur-com-launches-mine-1000-the-largest-ever-annual-profiling-of-made-in-nigeria-entrepreneurs/) - MINE 1000 - First-of-its-kind national initiative aims to document 1,000 real entrepreneurial stories every year across all 36 states and 24 industries, building a permanent digital archive that investors, policymakers, and researchers have long said Nigeria is missing. LAGOS, NIGERIA — April 20, 2026 — Naijapreneur.com, Nigeria's long-running voice of entrepreneurship, has officially launched MINE 1000
- [Lagos To Host The 6th Africa Finance Festival 2026 , Unite The Finance Ecosystem Accros Africa](https://www.naijapreneur.com/lagos-to-host-the-6th-africa-finance-festival-2026-unite-the-finance-ecosystem-accros-africa/) - InstinctWave, a leader in B2B events and publishing, announced the launch of the Africa Finance Festival (AFF) 2026, a bold new pan-African platform set to debut on May 12th and 13th of May, 2026, at the Oriental Hotel, Lagos Nigeria, After successfully hosting the 5th edition in Accra Ghana last year, Lagos will be hosting
- [Tech Giant Sets Sights on Nigerian Retail Evolution via Lagos Industry Forum](https://www.naijapreneur.com/tech-giant-sets-sights-on-nigerian-retail-evolution-via-lagos-industry-forum/) - The Spanish-origin delivery powerhouse, Glovo, is ramping up its investment in Nigeria's burgeoning electronic trade sector. The company is slated to host the Future of Commerce Summit 2.0 in Lagos, a strategic move aimed at solidifying its footprint as local and international rivals vie for control over the digital marketplace. Taking place on April 22,
- [Global Manufacturing Giant Reinforces Long-Term Investment in Nigerian Market](https://www.naijapreneur.com/global-manufacturing-giant-reinforces-long-term-investment-in-nigerian-market/) - The multinational corporation BIC, renowned for its stationery, shaving, and flame products, has reaffirmed its dedication to the Nigerian economy. During its 2026 Commercial and Distributor Conference, the company detailed a strategy centered on deepening its local footprint through supply chain enhancements and expanded logistical frameworks. BIC executives emphasized that Nigeria remains a cornerstone of
- [Presidency Fires Back at Former VP Over Media Oversight Dispute](https://www.naijapreneur.com/presidency-fires-back-at-former-vp-over-media-oversight-dispute/) - A heated exchange has erupted between the current administration and a former national leader regarding the National Broadcasting Commission's (NBC) latest regulatory guidelines. Otega Ogra, a high-ranking digital strategist for President Bola Ahmed Tinubu, publicly rebuked Atiku Abubakar following the latter's condemnation of a recent government mandate. The friction began after the NBC issued a
- [Atiku Brands Reform Policies as "Organized Hardship" Following IMF Downgrade](https://www.naijapreneur.com/atiku-brands-reform-policies-as-organized-hardship-following-imf-downgrade/) - In a scathing review of current fiscal directions, former Vice President Atiku Abubakar has challenged the federal government’s economic narrative, characterizing recent reforms as "punishment" rather than progress. The critique follows the International Monetary Fund’s (IMF) latest report, which downgraded Nigeria’s 2026 growth forecast, citing a volatile mix of high operational costs and weakening non-oil
- [PHACCIMA Charts a Path for Artisan Formalization and Scale](https://www.naijapreneur.com/phaccima-charts-a-path-for-artisan-formalization-and-scale/) - The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHACCIMA) has called for a radical reorientation of Nigeria’s artisan class. Marking World Artisans Day, PHACCIMA President Dr. Chinyere Nwoga emphasized that for artisans to remain indispensable in 2026, they must transition from "undervalued labor" to "professional entrepreneurs." The Professionalization Roadmap The leadership and capacity-building
- [FirstBank and State Government Launch ₦1.2M Startup Fund](https://www.naijapreneur.com/firstbank-and-state-government-launch-₦1-2m-startup-fund/) - FirstBank Group has inked a partnership with the Ekiti State Government to debut the Innovation Enterprise Support Fund. This collaborative vehicle is specifically engineered to act as a catalyst for grass-roots innovation, providing a financial and mentorship "runway" for 60 high-potential startups within the state. A Three-Phase Incubation Blueprint Unlike traditional one-off grants, this fund
- [EDC, SMEDAN, and AGRA Launch ₦1M Grant Initiative](https://www.naijapreneur.com/edc-smedan-and-agra-launch-₦1m-grant-initiative/) - In a high-level strategic alliance, the Enterprise Development Centre (EDC) of Pan-Atlantic University has joined forces with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), AGRA (Alliance for a Green Revolution in Africa), and Kaduna Business School to bridge the productivity gap in Nigeria's agricultural sector. The partnership was formally activated during the
- [Guinness Nigeria Returns to Profitability and Resumes Dividends](https://www.naijapreneur.com/guinness-nigeria-returns-to-profitability-and-resumes-dividends/) - In a landmark 75th Annual General Meeting held in Lagos, Guinness Nigeria Plc officially signaled the end of its financial drought. Shareholders unanimously celebrated a strategic turnaround that has seen the brewing giant return to profitability and, more importantly for investors, resume dividend payments after a period of disciplined transition. The Financial Turnaround Following an
- [Women in Tech Accelerator Opens 2026 Applications After Record Growth](https://www.naijapreneur.com/women-in-tech-accelerator-opens-2026-applications-after-record-growth/) - As Nigeria’s tech ecosystem matures, female founders are shifting from participants to powerhouses. Following a historic performance in 2025, the Standard Chartered Women in Tech (WiT) Accelerator, in partnership with Village Capital and the Enterprise Development Centre (EDC) of Pan-Atlantic University, has officially opened applications for its 2026 cohort. The "Multiplier Effect" of 2025 The
- [Babatunde-Anjous Competition Launches Search for Nigeria’s Next Big Idea](https://www.naijapreneur.com/babatunde-anjous-competition-launches-search-for-nigerias-next-big-idea/) - The Babatunde-Anjous Business Idea Competition 2026 has officially opened its doors. In a high-stakes collaboration with the Lagos Business School (LBS) Business Innovation Accelerator, this initiative is designed to bridge the gap between "bold ideas" and "scalable solutions" for Nigeria’s most pressing societal challenges. The Accelerator Edge The competition is not a standalone event but
- [The Nigerian Tax Act 2025 Unleashes "Zero-Tax" Era for SMEs](https://www.naijapreneur.com/the-nigerian-tax-act-2025-unleashes-zero-tax-era-for-smes/) - In a decisive move to insulate small businesses from economic shocks, the Federal Government has detailed the transformative provisions of the Nigerian Tax Act 2025. Speaking on behalf of the administration, Bashorun (representing the fiscal authorities) outlined a "China-style" growth formula designed to transition Nigerian entrepreneurs from local survival to global competitiveness. The "Grow-First" Tax
- [Nigerian Stocks Smash 200,000-Point Milestone Amid "Price Discovery"](https://www.naijapreneur.com/nigerian-stocks-smash-200000-point-milestone-amid-price-discovery/) - The Nigerian Exchange (NGX) has entered an unprecedented "super-cycle," with the All-Share Index (ASI) officially crossing the historic 200,000-point mark on April 17, 2026. Following a massive 51.2% return in 2025, the market is defying global gravity, driven by deep-seated systemic reforms and a fundamental redirection of domestic capital. Market Dynamics: Institutional Conviction over Retail
- [Nigeria Claims Nearly 50% of Endeavor’s 2026 African "Outliers"](https://www.naijapreneur.com/nigeria-claims-nearly-50-of-endeavors-2026-african-outliers/) - The global spotlight has once again intensified on Nigeria’s entrepreneurial landscape. Endeavor has revealed its prestigious 2026 ‘Outliers’ cohort, a selection representing the elite top 10% of its 3,000-strong global founder network. In a significant display of regional strength, Nigerian innovators secured nearly half of all spots allocated to the African continent. The "High-Impact" Quintet
- [Platnova Defies the "Survival" Narrative with 100,000 Users and Zero-Fee Transfers](https://www.naijapreneur.com/platnova-defies-the-survival-narrative-with-100000-users-and-zero-fee-transfers/) - In a fintech landscape often defined by aggressive cash-burn and "survival mode," Lagos-born Platnova has marked its third anniversary by shifting from quiet consistency to visible dominance. Since its 2023 debut, the company has bypassed the plateau phase, scaling to over 100,000 verified users and facilitating transactions across 50 countries in 15 different currencies. The
- [Aliko Dangote Stands Alone as Nigeria’s Representative on 2026 TIME100](https://www.naijapreneur.com/aliko-dangote-stands-alone-as-nigerias-representative-on-2026-time100/) - The 23rd annual TIME100 list has been unveiled, and for 2026, Aliko Dangote has secured his position as the sole Nigerian among the world’s most influential figures. Categorized under the "Titans" section, the founder of the Dangote Group is recognized for his relentless pursuit of African industrialization—a mission currently headlined by his landmark 650,000-barrel-per-day refinery.
- [Cosmas Maduka’s Coscharis Group Scales Electric Transit with Asia Star](https://www.naijapreneur.com/cosmas-madukas-coscharis-group-scales-electric-transit-with-asia-star/) - Nigeria’s transition from internal combustion to clean energy has received a significant industrial boost. Cosmas Maduka, the visionary founder of Coscharis Group, is solidifying a strategic alliance with Chinese manufacturing giant Asia Star to dominate the nation’s electric vehicle (EV) landscape. Following the successful deployment of the first 20-bus fleet in Abia State, the partnership
- [FirstBank’s Multi-Tiered Strategy for SME Resilience](https://www.naijapreneur.com/firstbanks-multi-tiered-strategy-for-sme-resilience/) - In the competitive landscape of Nigerian commerce, FirstBank of Nigeria Limited has reinforced its position as a primary catalyst for small-scale enterprise. By launching a revamped suite of FirstSME accounts, the 132-year-old institution is pivoting from traditional lending toward a holistic "growth-as-a-service" model designed to stabilize and scale the nation's most critical economic segment. A
- [Nigeria Secures $200m AfDB Funding for 120,000km Fiber-Optic Expansion](https://www.naijapreneur.com/nigeria-secures-200m-afdb-funding-for-120000km-fiber-optic-expansion/) - ABUJA — In a massive boost to Nigeria’s digital sovereignty, the Federal Government has secured a $200 million loan from the African Development Bank (AfDB) to kickstart a monumental expansion of the nation’s internet backbone. This funding is the opening move in a $2 billion mega-project designed to ensure that "high-speed broadband" is no longer
- [How BucksTrybe is Turning Community "Ajo" into Global Credit Data](https://www.naijapreneur.com/how-buckstrybe-is-turning-community-ajo-into-global-credit-data/) - LAGOS / LONDON — For millions of disciplined savers, the traditional banking system has long been a "closed-door" club. Despite years of consistent contributions to communal savings groups like the Yoruba 'Ajo', Igbo 'Esusu', or Hausa 'Adashe', these individuals remain "credit invisible" because their financial history exists only on paper or in WhatsApp chats. Now,
- [Moniepoint CEO Tosin Eniolorunda Takes 100 Women Entrepreneurs Beyond Petty Trading](https://www.naijapreneur.com/moniepoint-ceo-tosin-eniolorunda-takes-100-women-entrepreneurs-beyond-petty-trading/) - In a high-impact move to bridge the gender gap in Nigeria’s financial landscape, Moniepoint Inc. Group CEO, Tosin Eniolorunda, has spearheaded a strategic masterclass designed to transform female-led small businesses into scalable enterprises. Partnering with tech-training giant ALX, Eniolorunda hosted a intensive four-hour virtual session for 100 women business owners. The goal was clear: move
- [How Youth-Led Startups Are Powering Lagos’ ₦4.5 Trillion GDP Engine](https://www.naijapreneur.com/how-youth-led-startups-are-powering-lagos-₦4-5-trillion-gdp-engine/) - ABUJA — In a move that reframes youth demographics as "strategic infrastructure," Lagos State Governor Babajide Sanwo-Olu has revealed that young entrepreneurs are now the primary architects of the state’s economic expansion. Speaking at the Abuja Dialogue on Monday, the Governor disclosed that an overwhelming 70% of all new business ventures in Lagos are founded
- [How Timart is Rescuing Nigerian SMEs from the "Pen-and-Paper" Trap](https://www.naijapreneur.com/how-timart-is-rescuing-nigerian-smes-from-the-pen-and-paper-trap/) - KADUNA — In the high-stakes world of African retail, a silent crisis of "leaky buckets" has long plagued small business owners. From untracked inventory to internal fraud, the reliance on manual record-keeping has capped the growth of thousands of entrepreneurs. Enter Timart, a homegrown solution that is turning the tide by digitizing the informal sector,
- [Access Bank’s Strategic Pivot The Cost of Becoming a Continental Giant](https://www.naijapreneur.com/access-banks-strategic-pivot-the-cost-of-becoming-a-continental-giant/) - In a climate defined by economic volatility, Access Bank has secured its title as Nigeria’s most valuable brand for the fifth consecutive year. However, the latest 2026 report from Brand Finance reveals a deeper story: a deliberate sacrifice of short-term local margins to cement a future as Africa’s financial "gateway." The lender’s brand valuation now
- [Nigeria and Morocco Formalize $25bn Gas Pact](https://www.naijapreneur.com/nigeria-and-morocco-formalize-25bn-gas-pact/) - The African Atlantic Gas Pipeline is no longer just a conceptual drawing; it is evolving into a massive infrastructure reality. Spanning roughly 6,900 km, this hybrid offshore-onshore network is designed to link Nigerian gas fields to European markets via Morocco. Total Capacity: Up to 30 billion cubic meters (bcm) of gas annually. Distribution Split: 15
- [The Customs Gambit: Nigeria’s Bold Tax Cuts to Battle Wartime Inflation](https://www.naijapreneur.com/the-customs-gambit-nigerias-bold-tax-cuts-to-battle-wartime-inflation/) - After enduring a staggering price surge that peaked at 33% in late 2024, Nigeria’s economy has shown signs of a cooling trend, with inflation retreating to 15.06% as of February. However, the "celebration" has been cut short. The erupting conflict in the Middle East has sent shockwaves through the energy market, forcing the Nigerian government
- [The Business Clinic - April Edition](https://www.naijapreneur.com/the-business-clinic-april-edition/) - Most business owners in Nigeria are running their businesses on intuition, trial and error, and advice from people who have never actually built anything. And it works, until it does not. The Business Clinic is a monthly, in-person session designed to give Nigerian founders and business owners something most people never get access to: direct,
- [Virtual Small Business Innovation Challenge 2026](https://www.naijapreneur.com/virtual-small-business-innovation-challenge-2026/) - Something has been building quietly - the KADE KEYO Virtual SBIC. Earlier this year, Kade Keyo opened applications for the Virtual Small Business Innovation Challenge, an initiative designed to identify early-stage Nigerian businesses with real potential and give them structure, training, visibility, and a platform to be seen. Fifteen business owners applied. After a careful
- [Architect of Industrial Power: Sujimoto Boss Proposes "10 Industrialists Strategy" to Stabilize Nigeria](https://www.naijapreneur.com/architect-of-industrial-power-sujimoto-boss-proposes-10-industrialists-strategy-to-stabilize-nigeria/) - In an open letter to the Presidency, Dr. Sijibomi Ogundele, Group Managing Director of Sujimoto Group, has called for a radical shift in Nigeria’s economic philosophy. He argues that the nation’s current reliance on a single industrial titan is a structural vulnerability, proposing instead the deliberate creation of a new class of 10 to 20
- [Australian Firm Chariot Resources Secures Major Stake in Nigeria’s Critical Minerals](https://www.naijapreneur.com/australian-firm-chariot-resources-secures-major-stake-in-nigerias-critical-minerals/) - In a significant move for the West African mining landscape, Australian firm Chariot Resources Limited has received regulatory approval to acquire six lithium mining licenses in Nigeria. The approval from the Mining Cadastre Office (MCO) marks a pivotal "de-risking" milestone for the company as it seeks to position Nigeria as a key player in the
- [Insecurity and Power Deficits Top Concerns in CBN’s March 2026 Business Survey](https://www.naijapreneur.com/insecurity-and-power-deficits-top-concerns-in-cbns-march-2026-business-survey/) - The Central Bank of Nigeria (CBN) has released its March 2026 Business Expectations Survey, revealing a striking contrast between systemic operational hurdles and a persistent entrepreneurial optimism. While Nigerian firms are grappling with severe infrastructure and security deficits, their overall outlook on the macroeconomic environment remains remarkably resilient. The Top Five Constraints The survey, which
- [The Next Wave: Insurance Sector Triggers ₦100 Billion Recapitalization Drive](https://www.naijapreneur.com/the-next-wave-insurance-sector-triggers-₦100-billion-recapitalization-drive/) - Following the successful capital buffer expansion in the banking industry, Nigeria’s insurance sector has officially launched its own recapitalization phase. Regulatory sources confirm that a first "cluster" of at least seven insurance firms is moving to raise approximately ₦100 billion this quarter to strengthen underwriting capacity and long-term solvency. A Multi-Channel Capital Strategy To meet
- [FGN Power and NEMSA Align to Accelerate the Presidential Power Initiative](https://www.naijapreneur.com/fgn-power-and-nemsa-align-to-accelerate-the-presidential-power-initiative/) - In a high-level meeting at the NEMSA headquarters in Abuja, the management of FGN Power Company, led by Managing Director Kenny Anuwe, solidified a strategic alliance with the Nigerian Electricity Management Services Agency (NEMSA). This partnership is designed to move beyond administrative coordination and into the technical optimization of Nigeria’s electricity value chain. The Safety
- [OPay Secures High-Rating Recognition at 2026 Industry Impact Awards](https://www.naijapreneur.com/opay-secures-high-rating-recognition-at-2026-industry-impact-awards/) - At a ceremony held on April 9, 2026, at the Providence Hotel in Ikeja, Lagos, OPay was honored for its significant contribution to the Nigerian financial landscape. The recognition, organized by ISO World Consult, underscores the platform's evolution from a fintech startup into a pillar of Nigeria’s daily digital economy. The 4.6 Benchmark: Data-Driven Validation
- [Naira Hits ₦1,355/$ Mid-April High Amid Global Dollar Retreat](https://www.naijapreneur.com/naira-hits-₦1355-mid-april-high-amid-global-dollar-retreat/) - The Nigerian Naira surged to its strongest position in recent history on Friday, closing at ₦1,355.25/$ at the official foreign exchange market. Data released by the Central Bank of Nigeria (CBN) on Saturday confirms a week of consistent appreciation, marking a significant recovery from the pre-Easter close of ₦1,382.75/$. The Post-Easter Momentum Following the holiday
- [Providus Bank Launches "T2T" to Bridge the SME Export Gap](https://www.naijapreneur.com/providus-bank-launches-t2t-to-bridge-the-sme-export-gap/) - In a strategic move to convert domestic potential into global market share, Providus Bank has launched its Training to Transaction (T2T) Programme. The initiative marks a departure from traditional corporate workshops by focusing on the "execution phase"—moving small and medium-sized enterprises (SMEs) beyond mere export preparation and into the actual cycle of international trade. The
- [APPLICATION NOW OPEN: ₦1 Billion 2026 National MSME Awards to Empower 100 Nigerian Businesses](https://www.naijapreneur.com/application-now-open-₦1-billion-2026-national-msme-awards-to-empower-100-nigerian-businesses/) - Application Now Open: The 2026 National MSME Awards recognize excellence across multiple sectors and demographics, ensuring inclusivity and broad economic representation.
- [Data-Free Commerce: Egoras and Airtel to Launch "Cube Phone" to Onboard 40 Million Unbanked SMEs](https://www.naijapreneur.com/data-free-commerce-egoras-and-airtel-to-launch-cube-phone-to-onboard-40-million-unbanked-smes/) - In a bid to solve the "data and device" barrier that keeps 92% of Nigerian small businesses offline, Egoras Technologies and Airtel Nigeria have announced the launch of the Cube Phone. Set for release on April 28, 2026, the device aims to move the needle for the country’s 40 million micro-enterprises that currently lack access
- [The Obi of Onitsha "Adopts" Flutterwave CEO: A Royal Mandate to Digitise the Southeast’s Trading Empire](https://www.naijapreneur.com/the-obi-of-onitsha-adopts-flutterwave-ceo-a-royal-mandate-to-digitise-the-southeasts-trading-empire/) - In a significant cultural and economic convergence, the Obi of Onitsha, Nnaemeka Achebe, has thrown his royal weight behind the expansion of financial technology in Nigeria’s Southeast. Following a high-level meeting with Olugbenga Agboola, CEO of Flutterwave, the monarch outlined a vision to integrate the legendary "Igbo Trading Model" with modern digital rails. Scaling the
- [President Tinubu Launches "Renewed Hope Enterprise Bridge": A Direct Digital Pipeline Between Aso Rock and Entrepreneurs](https://www.naijapreneur.com/president-tinubu-launches-renewed-hope-enterprise-bridge-a-direct-digital-pipeline-between-aso-rock-and-entrepreneurs/) - In a strategic move to synchronize government frameworks with the "immediacy and risk" of the private sector, the Federal Government has officially launched the Renewed Hope Enterprise Bridge Initiative. Unveiled by President Bola Ahmed Tinubu at the State House in Abuja, the digital platform is designed to act as a permanent, real-time feedback loop between
- [Nigeria Stays in "Expansion Territory" but Performance Dips as Credit and Power Woes Persist](https://www.naijapreneur.com/nigeria-stays-in-expansion-territory-but-performance-dips-as-credit-and-power-woes-persist/) - While the Nigerian economy remains on a growth path, the pace of that growth took a visible hit in March 2026. According to the Business Confidence Monitor (BCM) released by the Nigerian Economic Summit Group (NESG) on April 10, the Current Business Performance Index dropped to 101.2 points, down from 117.2 points in February. While
- [NACCIMA Global Unveils 5-Point Strategy to Fix Nigeria’s "Rejected Goods" Crisis](https://www.naijapreneur.com/naccima-global-unveils-5-point-strategy-to-fix-nigerias-rejected-goods-crisis/) - At the 2026 Annual General Meeting in Kano, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) declared a state of "strategic urgency" for Nigerian exports. Ambassador Janet Olisa, Chairperson of NACCIMA Global, revealed that despite lucrative bilateral agreements—including China’s zero-tariff policy on 90% of Nigerian exports—local businesses are failing to reap
- [Nigeria Hits 650,000 BPD Output as Global War Hikes Local Fuel Prices by 65%](https://www.naijapreneur.com/nigeria-hits-650000-bpd-output-as-global-war-hikes-local-fuel-prices-by-65/) - In a bittersweet milestone for Nigeria’s energy sector, the Dangote Petroleum Refinery has reached its full production capacity of 650,000 barrels per day (bpd). While the achievement marks a historic end to Nigeria’s reliance on imported fuel, it has coincided with a brutal global oil shock that is pushing small businesses to the brink of
- [How Obinna Nweke is Scaling African SMEs with Strategic AI](https://www.naijapreneur.com/how-obinna-nweke-is-scaling-african-smes-with-strategic-ai/) - In an era where small businesses often drown in data but starve for insights, a new methodology is emerging to bridge the gap. BeamX Solutions Ltd, led by decision scientist Obinna Nweke, has reached a major milestone with its Guided Decision Intelligence (GDI) Framework. By blending high-level management strategy with non-deterministic AI models, the firm
- [XTransfer Scales African Footprint: Partnering with Flutterwave to Bridge the Nigeria-Asia SME Trade Gap](https://www.naijapreneur.com/xtransfer-scales-african-footprint-partnering-with-flutterwave-to-bridge-the-nigeria-asia-sme-trade-gap/) - Following its high-profile appearance at the Inclusive FinTech Forum 2026 in Rwanda, the global payment giant XTransfer has reaffirmed its commitment to the African market at Solar & Storage Live Africa 2026 in Johannesburg. The company is positioning itself as the critical "compliance bridge" for African SMEs, specifically targeting the friction-filled trade corridors between Africa
- [Nomba and Globus Bank Smash Credit Records with ₦21.3 Billion "Data-Driven" SME Loan Portfolio](https://www.naijapreneur.com/nomba-and-globus-bank-smash-credit-records-with-₦21-3-billion-data-driven-sme-loan-portfolio/) - At a time when the Central Bank of Nigeria (CBN) is struggling with rising Non-Performing Loans (NPLs) above the 5% benchmark, a partnership between fintech giant Nomba and Globus Bank has produced a stunning anomaly. The duo revealed that their ₦21.3 billion SME credit portfolio has maintained an NPL ratio below 1%, offering a potential
- [Destination Netherlands: NNPC Launches "Cawthorne" Crude Grade with First 950,000-Barrel Export](https://www.naijapreneur.com/destination-netherlands-nnpc-launches-cawthorne-crude-grade-with-first-950000-barrel-export/) - Nigeria has officially expanded its "basket" of crude oils with the maiden export of the Cawthorne Blend, a high-quality light sweet crude. On Sunday, April 5, 2026, the MT Eburones vessel departed Nigerian waters carrying 950,000 barrels of the new grade, destined for the Netherlands and the broader European market. The "Light, Sweet" Advantage Cawthorne
- [Madica Deploys $600,000 into Health Data, Legal AI, and Agritech Startups](https://www.naijapreneur.com/madica-deploys-600000-into-health-data-legal-ai-and-agritech-startups/) - In a decisive move to diversify Africa’s venture capital landscape, Madica—the Africa-focused pre-seed investment program—has announced a combined $600,000 investment in three innovative startups. Each company will receive $200,000 and join an intensive 18-month acceleration program designed to bridge the gap for underrepresented founders and overlooked sectors. The "Equity in Funding" Mission Launched in 2022,
- [Flutterwave Secures National Banking License: The Payments Giant Goes "Aggressive" on Direct Lending and High-Value Settlements](https://www.naijapreneur.com/flutterwave-secures-national-banking-license-the-payments-giant-goes-aggressive-on-direct-lending-and-high-value-settlements/) - Africa’s leading fintech unicorn, Flutterwave, has officially transitioned from a payment processor to a deposit-money institution. By securing a national microfinance banking license from the Central Bank of Nigeria (CBN), the company is now authorized to hold deposits, issue its own account numbers, and—most crucially—lend directly from its own balance sheet. Cutting the "Partner Bank"
- [Sterling Bank’s "OneWoman" Convenes Power Dialogue to Rewire Funding for Female Founders](https://www.naijapreneur.com/sterling-banks-onewoman-convenes-power-dialogue-to-rewire-funding-for-female-founders/) - In a high-stakes move to dismantle the systemic barriers facing female entrepreneurs, Sterling Bank hosted the "Funding Her Future" Breakfast Dialogue at The Wheatbaker Hotel, Ikoyi. The event, organized through the bank's OneWoman initiative, gathered a "brain trust" of development finance institutions, tech founders, and policymakers to address a staggering reality: the $42 billion annual
- [AU and ImpactHER to Host 3,000 Female Founders in Abuja for the Global African Women Sustainability Conference 2026](https://www.naijapreneur.com/au-and-impacther-to-host-3000-female-founders-in-abuja-for-the-global-african-women-sustainability-conference-2026/) - Abuja is set to become the epicenter of continental trade as the African Union (AU) and ImpactHER announce the second edition of the Global African Women Sustainability Conference (GAWSC) 2026. From April 29 to May 1, 2026, over 3,000 women entrepreneurs, investors, and policymakers will gather to redefine women’s roles in Africa’s economic landscape. Rethink,
- ["Webbify Nigeria" Launches in Kaduna: Free Digital Infrastructure to Shield MSMEs from "Market Exclusion"](https://www.naijapreneur.com/webbify-nigeria-launches-in-kaduna-free-digital-infrastructure-to-shield-msmes-from-market-exclusion/) - In a strategic bid to future-proof Nigeria’s small businesses, the Enterprise Web Project, known as Webbify Nigeria, officially launched in Kaduna on Wednesday, April 8, 2026. The initiative is designed to provide micro, small, and medium enterprises (MSMEs) with the digital "armor" needed to survive an increasingly online economy, offering free and affordable web solutions
- [Oyo State and FCMB Disburse ₦1.5 Billion in Collateral-Free Loans to 1,000 "New-Age" Agripreneurs](https://www.naijapreneur.com/oyo-state-and-fcmb-disburse-₦1-5-billion-in-collateral-free-loans-to-1000-new-age-agripreneurs/) - In a massive boost for Nigeria’s food security, the Oyo State Government and First City Monument Bank (FCMB) have partnered to empower 1,000 young agricultural entrepreneurs. The initiative, backed by a ₦1.5 billion funding pool, is designed to turn trained youths into commercial business owners without the traditional hurdle of collateral. The "Easylift" Financial Engine
- [Death of the "Low-Trust" SMS: Truecaller Opens Business Chat to Global Partners to Reach 500 Million Users](https://www.naijapreneur.com/death-of-the-low-trust-sms-truecaller-opens-business-chat-to-global-partners-to-reach-500-million-users/) - In a move to end the era of "clutter-filled" and "spam-heavy" business messaging, Truecaller has announced the global expansion of its Business Chat platform. By opening market access to global channel partners and enterprise solution providers, the communications giant is positioning itself as the primary alternative to traditional SMS, offering a verified, media-rich conversational experience
- [NACCIMA Unlocks Global Deals and Plans New University at Kano Summit](https://www.naijapreneur.com/naccima-unlocks-global-deals-and-plans-new-university-at-kano-summit/) - The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has announced a series of high-impact global partnerships following the 1st Quarter Council Meeting and AGM in Kano. National President Jani Ibrahim revealed that recent diplomatic missions to Turkey and the UK have moved beyond dialogue into concrete industrial and educational agreements. The
- [Development Bank of Nigeria Launches "BizAid Reward4Learning" to Pay Entrepreneurs for Upskilling](https://www.naijapreneur.com/development-bank-of-nigeria-launches-bizaid-reward4learning-to-pay-entrepreneurs-for-upskilling/) - In a move to bridge the gap between business education and financial support, the Development Bank of Nigeria (DBN) has launched the BizAid Reward4Learning programme. Part of the bank's broader Entrepreneurship Training Programme (ETP), this initiative gamifies the learning process by offering cash and data rewards to MSMEs that show high engagement and academic excellence.
- [Kwara State Future-Proofs Classrooms: 50 Teachers Trained in AI, STEAM, and Digital Entrepreneurship](https://www.naijapreneur.com/kwara-state-future-proofs-classrooms-50-teachers-trained-in-ai-steam-and-digital-entrepreneurship/) - The Kwara State Government has taken a significant leap toward modernizing its education sector by training 50 teachers in high-demand tech skills. The four-day intensive program focused on Artificial Intelligence (AI), STEAM (Science, Technology, Engineering, Arts, and Mathematics), and digital entrepreneurship, aiming to bridge the gap between traditional teaching and the global digital economy. A
- [Rising Beyond the Oven: Munro Icing Sugar Awards ₦500,000 Grant to Boost Nigeria’s "Baking Economy"](https://www.naijapreneur.com/rising-beyond-the-oven-munro-icing-sugar-awards-₦500000-grant-to-boost-nigerias-baking-economy/) - In a bid to transform hobbyist bakers into corporate powerhouses, Munro Icing Sugar recently hosted an industry-defining event titled "Bakers Who Brunch: Rising Beyond the Oven." Held at the Radisson Blu Hotel in Ikeja, the gathering signaled the brand’s shift from being a mere supplier to becoming a strategic partner in Nigeria's multibillion-naira confectionery sector.
- [The Sales Masterclass: Goodnews Naija Podcast Features Golibe to Decode the DNA of African Business Success](https://www.naijapreneur.com/the-sales-masterclass-goodnews-naija-podcast-features-golibe-to-decode-the-dna-of-african-business-success/) - In an era where African entrepreneurs are increasingly looking to scale beyond borders, the Goodnews Naija Podcast has announced an exclusive episode featuring Golibe, the pioneering founder of Sales School Africa. Premiering at 6 PM on April 8, 2026, the episode promises a deep dive into the mechanics of global sales and the digital future
- [The Sound of "Smarter" Banking: Wema Bank Debuts "ALAT: The Evolution" Jingle to Anchor Its Digital Shift](https://www.naijapreneur.com/the-sound-of-smarter-banking-wema-bank-debuts-alat-the-evolution-jingle-to-anchor-its-digital-shift/) - Wema Bank is making sure its latest digital leap sounds as good as it feels. To mark the next phase of its pioneering digital platform, the bank has released the "ALAT: The Evolution" jingle—a melodic "clink" and rhythmic tune designed to capture the high-energy, seamless lifestyle of Nigeria’s tech-savvy youth. Shaping "How Banking Feels" According
- ["Growth Acceleration": Finance Minister Wale Edun Outlines Nigeria’s $1 Trillion Roadmap at Stanbic IBTC Business Summit](https://www.naijapreneur.com/growth-acceleration-finance-minister-wale-edun-outlines-nigerias-1-trillion-roadmap-at-stanbic-ibtc-business-summit/) - The Stanbic IBTC Nigeria Business Summit 2026 transformed Lagos into a high-octane war room last week, bringing together the nation’s "purse strings" and its most ambitious entrepreneurs. Under the theme "Nigeria Means Business: Powering Sectors, Growing Sustainable SMEs & Unlocking Global Trade," the event served as a critical pulse check for an economy shifting from
- [Banking Meets Co-working: The Alternative Bank and IWG to Launch Nationwide Workspace Hubs for Nigerian SMEs](https://www.naijapreneur.com/banking-meets-co-working-the-alternative-bank-and-iwg-to-launch-nationwide-workspace-hubs-for-nigerian-smes/) - In a strategic move to solve the "office space crisis" for Nigerian entrepreneurs, The Alternative Bank has partnered with IWG (the world’s largest flexible workspace provider) to launch an integrated ecosystem for small businesses. The partnership aims to establish six to eight new workspace locations annually, creating a nationwide network where banking and business operations
- [The ₦501 Billion "First Tranche": Nigeria Moves to Unlock 4,484MW of Idle Power by Settling Billionaire-Backed Debts](https://www.naijapreneur.com/the-₦501-billion-first-tranche-nigeria-moves-to-unlock-4484mw-of-idle-power-by-settling-billionaire-backed-debts/) - Nigeria has officially triggered one of its most aggressive moves to end the "perpetual darkness" cycle. By securing a deal with 15 major generation plants, the federal government is targeting the massive liquidity debt that has paralyzed the power sector for over a decade. This move is designed to stabilize electricity for 12 million customers
- [From Onitsha to the World: Dr. Ifeyi Ezekiel Ibeh Crowned Anambra Businessman of the Year 2025](https://www.naijapreneur.com/from-onitsha-to-the-world-dr-ifeyi-ezekiel-ibeh-crowned-anambra-businessman-of-the-year-2025/) - In a celebration of homegrown resilience and global expansion, Dr. Ifeyi Ezekiel Ibeh has been named the Anambra Businessman of the Year 2025 by the AMTY Awards. The honor recognizes a 25-year career defined by the transformation of modest startups into a diversified international conglomerate. The "Swiss Metro" Empire As the Founder and Group CEO
- [The "War Premium": How the U.S.-Iran Conflict Slashed Nigerian Pockets and Tripled Energy Costs](https://www.naijapreneur.com/the-war-premium-how-the-u-s-iran-conflict-slashed-nigerian-pockets-and-tripled-energy-costs/) - Just weeks ago, the Nigerian economy was celebrating a hard-won victory: headline inflation had cooled to 15.06%, food prices were stabilizing, and the Naira was holding its ground. However, the outbreak of the U.S.-Iran war on February 28, 2026, has sent a geopolitical shockwave through the country, threatening to erase a year’s worth of economic
- [The Job Architect: President Tinubu Celebrates MSME Aide Adekunle-Johnson, Citing 478,000 Jobs Created](https://www.naijapreneur.com/the-job-architect-president-tinubu-celebrates-msme-aide-adekunle-johnson-citing-478000-jobs-created/) - President Bola Ahmed Tinubu has issued a glowing tribute to his Special Adviser on Job Creation and MSMEs, Mr. Temitola Adekunle-Johnson, on the occasion of his birthday. In a statement released by the Presidency, Tinubu hailed the aide as a pivotal figure in the administration’s drive to turn small businesses into the primary engine of
- [The "Nwa Boi" Rebirth: Nigerian Breweries Revives Igbo Apprenticeship Model to Train Next-Gen Beer Tycoons](https://www.naijapreneur.com/the-nwa-boi-rebirth-nigerian-breweries-revives-igbo-apprenticeship-model-to-train-next-gen-beer-tycoons/) - In a unique blend of corporate strategy and ancient tradition, Nigerian Breweries (NB) PLC has launched an entrepreneurship scheme titled the "Nwa Boi Life Experience." Unveiled at the Enyimba International Stadium in Aba, the initiative seeks to save the declining Igba Boi (Igbo apprenticeship) system by applying it specifically to the multibillion-naira beer distribution sector.
- [The ₦1.2 Trillion Wage Bill: Nigeria’s "FUGAZ" Banks Hike Personnel Spending by 18% to Combat Inflation](https://www.naijapreneur.com/the-₦1-2-trillion-wage-bill-nigerias-fugaz-banks-hike-personnel-spending-by-18-to-combat-inflation/) - Nigeria’s banking titans—the FUGAZ group (First Bank, UBA, GTCO, Access, and Zenith)—are digging deeper into their pockets to retain talent. New financial data from the Nigerian Exchange (NGX) reveals that the country’s five most systemically important banks collectively spent ₦1.23 trillion on personnel expenses in their latest reporting periods. The "Inflation Hedge" Adjustment The surge
- [The Billion-Person Market: Nigeria to Host D-8 SME Centre to Chase $500 Billion Trade Target](https://www.naijapreneur.com/the-billion-person-market-nigeria-to-host-d-8-sme-centre-to-chase-500-billion-trade-target/) - In a massive win for Nigeria’s diplomatic and economic standing, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has officially launched the D-8 SME Centre in Abuja. Nigeria will host the hub on behalf of the "Developing-8" (D-8) bloc—an alliance including Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, and Turkiye. The $500 Billion Ambition
- [Debt Clearance and Data Drama: Tinubu Approves ₦3.3 Trillion Power Sector Bailout While NDPC Probes Major Fintech Breach](https://www.naijapreneur.com/debt-clearance-and-data-drama-tinubu-approves-₦3-3-trillion-power-sector-bailout-while-ndpc-probes-major-fintech-breach/) - It has been a whirlwind week for Nigerian macroeconomics and regulation, with major moves in energy debt, data security, and national reserves. Here are the five key stories you need to know: 1. The ₦3.3 Trillion Power "Reset" In a massive move to unstick Nigeria’s struggling energy value chain, President Bola Tinubu has approved a
- [The "Liquidity Paradox": NECA Boss Warns of Manufacturing Collapse as Banks Chase Government Debt Over Private Sector Growth](https://www.naijapreneur.com/the-liquidity-paradox-neca-boss-warns-of-manufacturing-collapse-as-banks-chase-government-debt-over-private-sector-growth/) - In a revealing interview, Adewale-Smatt Oyerinde, Director-General of the Nigeria Employers’ Consultative Association (NECA), has raised a red flag over a "disturbing disconnect" in the Nigerian financial system. Despite a surge in national foreign reserves and cooling inflation, the "real economy"—comprising manufacturers and SMEs—is currently gasping for air due to a lack of affordable credit.
- [From Grassroots to Global: How Mólly Ephraim Academy is Engineering a New Generation of African "Job Creators"](https://www.naijapreneur.com/from-grassroots-to-global-how-molly-ephraim-academy-is-engineering-a-new-generation-of-african-job-creators/) - In the fight against Africa's rising unemployment, Mólly Ephraim Academy has emerged as a high-impact engine for early-stage enterprise. Founded by Nigerian entrepreneur Mólly Ephraim, the academy is moving beyond theory to provide a "triple threat" of affordable education, practical mentorship, and direct funding for the continent’s youngest dreamers. The "Project 1000" Milestone Since its
- [The Kano-Istanbul Express Turkey to Open Visa Center in Kano to Push Trade to $5 Billion](https://www.naijapreneur.com/the-kano-istanbul-express-turkey-to-open-visa-center-in-kano-to-push-trade-to-5-billion/) - In a major move to decentralize diplomacy and turbocharge northern commerce, the Turkish Ambassador to Nigeria, Mehmet Poroy, has announced the imminent opening of a Turkish Visa Application Center in Kano. The initiative is designed to strip away the bureaucratic hurdles facing Northern Nigeria’s elite business class, who previously had to trek to Abuja for
- [The ₦30 Billion Inflow: CycleFlow Launches to Turn Unpaid Invoices into Instant Cash for Nigerian MSMEs](https://www.naijapreneur.com/the-₦30-billion-inflow-cycleflow-launches-to-turn-unpaid-invoices-into-instant-cash-for-nigerian-msmes/) - A potential game-changer for Nigeria’s 40 million small businesses has arrived. CycleFlow, a digital working capital platform backed by a $30 million investment from the International Finance Corporation (IFC) and powered by global fintech C2FO, has officially launched in Lagos. The platform aims to solve the "collateral crisis" that has long stifled Nigerian entrepreneurs by
- [Blockchain for Good: Nile University Alumni Win ₦50 Million Federal Grant for Transparent Crowdfunding Startup](https://www.naijapreneur.com/blockchain-for-good-nile-university-alumni-win-₦50-million-federal-grant-for-transparent-crowdfunding-startup/) - In a major win for Nigeria's "Edu-Tech" ecosystem, a team of software engineering alumni from Nile University of Nigeria has clinched the grand prize at the 2026 Student Venture Capital Grant (SVCG) Competition. Their startup, Refree-G, walked away with ₦50 million in funding from the Federal Ministry of Education, solidifying its status as a top-tier
- [The Digital Dividend: Zoho Urges Nigeria’s 20 Million Female Entrepreneurs to Ditch Spreadsheets for Automation](https://www.naijapreneur.com/the-digital-dividend-zoho-urges-nigerias-20-million-female-entrepreneurs-to-ditch-spreadsheets-for-automation/) - At the Zoho Women in Business Summit – Nigeria, industry experts delivered a clear ultimatum to the country’s massive female-led SME sector: automate or stagnate. With Nigeria boasting one of the highest rates of female entrepreneurship globally, the focus has shifted from mere survival to using integrated technology to scale in a high-inflation economy. The
- [Mission Accomplished: 33 Banks Hit CBN’s ₦4.65 Trillion Capital Target, Setting the Stage for a $1 Trillion Economy](https://www.naijapreneur.com/mission-accomplished-33-banks-hit-cbns-₦4-65-trillion-capital-target-setting-the-stage-for-a-1-trillion-economy/) - The marathon is over. The Central Bank of Nigeria (CBN) has officially confirmed the successful completion of its 24-month recapitalisation exercise, with 33 banks crossing the finish line. The program, which raised a staggering ₦4.65 trillion, has fundamentally fortified the nation’s financial fortress, pushing capital adequacy ratios well above global Basel benchmarks. The Power of
- [The SME King: Wema Bank Bags Double Global Honors for "Instant" Digital Lending Innovation](https://www.naijapreneur.com/the-sme-king-wema-bank-bags-double-global-honors-for-instant-digital-lending-innovation/) - Wema Bank has solidified its reputation as the go-to lender for Nigeria’s small businesses, walking away with two major titles at the Global SME Banking Innovation Awards 2026. The bank was named SME Financier of the Year and received the award for Best SME Lending Product – Digital Bank, recognizing its massive strides in closing
- [The Android POS Revolution: How Mastercard Grew Its African Network by 45% Using Nigeria’s "Software-First" Strategy](https://www.naijapreneur.com/the-android-pos-revolution-how-mastercard-grew-its-african-network-by-45-using-nigerias-software-first-strategy/) - In a massive leap for financial inclusion, Mastercard expanded its African acceptance network by 45% in 2025, with Nigeria serving as the primary engine for this growth. The surge wasn't driven by traditional plastic cards alone, but by a radical shift toward "software-led" solutions that turned millions of ordinary smartphones into sophisticated payment terminals. The
- [Flutterwave’s Big Leap: Fintech Giant Secures Banking Licence to Overhaul Nigeria’s $40 Billion Payment Engine](https://www.naijapreneur.com/flutterwaves-big-leap-fintech-giant-secures-banking-licence-to-overhaul-nigerias-40-billion-payment-engine/) - In a move that fundamentally redraws the lines between fintech and traditional banking, Flutterwave Inc. has officially secured a Nigerian banking licence. The milestone, announced as the company marks its tenth year of operations in 2026, marks the end of the "sponsorship model" where the unicorn had to rely on established commercial banks to settle
- [The ₦5 Trillion Vault: NSIA Profits Hit ₦478 Billion as Nigeria’s Sovereign Wealth Fund Pivots to Healthcare and Green Energy](https://www.naijapreneur.com/the-₦5-trillion-vault-nsia-profits-hit-₦478-billion-as-nigerias-sovereign-wealth-fund-pivots-to-healthcare-and-green-energy/) - The Nigeria Sovereign Investment Authority (NSIA) has hit a massive financial milestone, proving that national wealth can be grown even in a climate of global uncertainty. In its 2025 year-end report, the Authority revealed that its total assets have surged to ₦4.91 trillion, driven by a core comprehensive income of ₦478.8 billion. The Financial Engine
- [April 2026 Nigeria Business Events Roundup](https://www.naijapreneur.com/april-2026-nigeria-business-events-roundup/) - Welcome to April 2026 Nigeria Business Events Roundup! Below are the list of the top Business Events happening this month of April in Nigeria. April 2026 Nigeria Business Events Roundup 1. GEEB 2026 FORETASTE THE FUTURE OF WEALTH IS BEING WRITTEN LIVE! What do Nigeria, Rwanda, Ghana, South Africa, the UK, USA, and UAE real
- [The ₦2 Billion Giveaway: How Sterling Bank’s "Zero-Fee" Gamble Redefined Nigerian Banking in 365 Days](https://www.naijapreneur.com/the-₦2-billion-giveaway-how-sterling-banks-zero-fee-gamble-redefined-nigerian-banking-in-365-days/) - One year ago, Sterling Bank performed a radical experiment on its balance sheet by becoming the first major Nigerian lender to scrap digital transfer fees. Today, as the policy hits its first anniversary, the data reveals a massive win for the consumer: over ₦2 billion has been returned to Nigerians in saved transaction costs. The
- [The $45 Billion Split: Unilever Nigeria’s Record Profits Collide with Global McCormick Mega-Merger](https://www.naijapreneur.com/the-45-billion-split-unilever-nigerias-record-profits-collide-with-global-mccormick-mega-merger/) - Unilever Nigeria is currently the site of a dramatic economic tug-of-war. On one hand, the company just released its strongest financial results in years; on the other, its parent company has announced a massive restructuring that could rip its most profitable division away from the 100-year-old local subsidiary. The Performance: A Banner Year in Lagos
- [The Ibadan Stitch: How Akinwale Toheeb is Powering Nigeria’s Streetwear Resale Economy](https://www.naijapreneur.com/the-ibadan-stitch-how-akinwale-toheeb-is-powering-nigerias-streetwear-resale-economy/) - While many fashion designers focus on the glitz of the runway, Akinwale Toheeb Opeyemi is focused on the "engine room" of the industry: the wholesale supply chain. As the founder of the Ibadan-based OTP LABEL, Akinwale has carved out a massive niche by becoming the primary engine for small-scale fashion entrepreneurs across Nigeria. Bridging the
- [The Price Rollback: Abuja Filling Stations Slash Petrol Rates as NNPCL and Dangote Lead the Descent](https://www.naijapreneur.com/the-price-rollback-abuja-filling-stations-slash-petrol-rates-as-nnpcl-and-dangote-lead-the-descent/) - In a rare moment of relief for Nigerian motorists, petrol pump prices have begun a downward trend across the nation’s capital. Following a strategic price cut by the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Refinery, major retail outlets in Abuja have adjusted their boards to reflect the new market reality. The Numbers
- [The Angolan Breakout: Oando Secures 1.1 Billion Barrel Onshore Block in Historic Expansion](https://www.naijapreneur.com/the-angolan-breakout-oando-secures-1-1-billion-barrel-onshore-block-in-historic-expansion/) - In a definitive move to become a pan-African energy titan, Oando PLC has officially crossed the border to take the helm of Block KON-13 in Angola’s Kwanza Basin. The deal, confirmed by Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG), marks Oando’s first-ever upstream operation outside of Nigeria. The Assets: High Stakes and High
- [From Consumption to Capital: NiDCOM Pivots to Turn $20 Billion Diaspora Remittances into Investment Gold](https://www.naijapreneur.com/from-consumption-to-capital-nidcom-pivots-to-turn-20-billion-diaspora-remittances-into-investment-gold/) - The Nigerians in Diaspora Commission (NiDCOM) is moving to change the narrative of diaspora funding from "survival money" to "growth capital." At a high-profile press briefing in Abuja, NiDCOM Chair/CEO Abike Dabiri-Erewa unveiled the Nigeria Diaspora Economic Conference (NIDEC) 2026, a strategic summit designed to redirect Nigeria’s massive annual $20 billion inflow into productive local
- [Maddtimes to Unveil 537-Page Coffee Table Book on Nigeria's 100 Most Influential](https://www.naijapreneur.com/maddtimes-to-unveil-537-page-coffee-table-book-on-nigerias-100-most-influential/) - In what is being described as one of the most ambitious independent documentations of influence in modern Nigeria, media outlet Maddtimes has announced the upcoming release of the Maddtimes Power List Coffee Table Book. This isn't just a list; it’s a massive, 537-page collector’s edition designed to map the DNA of leadership across the federation.
- [Top 5 Tech Blogs in Nigeria](https://www.naijapreneur.com/top-5-tech-blogs-in-nigeria/) - Nigerian technology media has grown into something worth paying serious attention to. A decade ago, the conversation about tech on the continent was largely happening outside it, in foreign publications that parachuted in for the occasional "Africa rising" story and left without much depth. That has changed. A new generation of Nigerian tech publications has
- [From Policy to Practice: Kemi Adeosun Launches "Nidacity" to Rescue Nigeria’s Endangered Startups](https://www.naijapreneur.com/from-policy-to-practice-kemi-adeosun-launches-nidacity-to-rescue-nigerias-endangered-startups/) - While Nigeria boasts one of the most vibrant entrepreneurial spirits on the planet, the statistics tell a darker story: a staggering 95% of local startups collapse within their first five years. Seeking to flip the script on this "survival of the fittest" landscape, former Finance Minister Kemi Adeosun has stepped back into the spotlight with
- [The Survival Blueprint: Inside the New Data-Driven Mission to Save Nigeria’s SMEs](https://www.naijapreneur.com/the-survival-blueprint-inside-the-new-data-driven-mission-to-save-nigerias-smes/) - In a country where entrepreneurship is a way of life but business longevity is a rarity, a new specialized platform has emerged to disrupt the cycle of failure. With 95% of Nigerian startups collapsing before their fifth anniversary, this initiative is moving beyond traditional "inspirational" talks to provide a rugged, practical toolkit for the entrepreneurs
- [The "One-Way" Trap: Why Nigerian Prices Rise Like Rockets but Fall Like Feathers](https://www.naijapreneur.com/the-one-way-trap-why-nigerian-prices-rise-like-rockets-but-fall-like-feathers/) - Nigeria is currently caught in a frustrating economic paradox that experts are calling a "one-way economy." In a typical market, prices are supposed to fluctuate based on conditions; however, in Nigeria, costs skyrocket the moment the Naira weakens or global tensions rise, yet they remain stubbornly high—or even continue to climb—when those same pressures ease.
- [The Billion-Naira Boost: Government Pivots to Direct Grants for the 2026 National MSME Awards](https://www.naijapreneur.com/the-billion-naira-boost-government-pivots-to-direct-grants-for-the-2026-national-msme-awards/) - The Federal Government is moving beyond simple trophies and plaques, putting its money where its mouth is for the 2026 National MSME Awards. In a significant tactical shift, the Presidency has announced a N1 billion prize pool aimed at injecting direct liquidity into Nigeria’s small business sector. Temitola Adekunle-Johnson, the Senior Special Adviser to the
- [Professionalizing the Glow: Tolu Eletu’s Mission to Turn Nigeria’s Wellness Passion into a Multi-Billion Naira Industry](https://www.naijapreneur.com/professionalizing-the-glow-tolu-eletus-mission-to-turn-nigerias-wellness-passion-into-a-multi-billion-naira-industry/) - For too long, Nigeria’s wellness sector has been viewed as a fragmented collection of "side hustles" rather than a formidable economic pillar. Tolu Eletu, Founder of Neubelle Med and Wellness Centre, is looking to change that by shifting the narrative from mere "self-care" to structured, sustainable enterprise. The Blueprint: The Wellness Impact Forum The journey
- [Trillions on the Tab: Senate Fast-Tracks Tinubu’s $6 Billion Emergency Loan Package](https://www.naijapreneur.com/trillions-on-the-tab-senate-fast-tracks-tinubus-6-billion-emergency-loan-package/) - In a whirlwind legislative session that lasted less than four hours, the Nigerian Senate has greenlit President Tinubu’s request to borrow an additional $6 billion from international lenders. The swift approval marks a significant deepening of the nation’s credit line as the government grapples with an aging infrastructure and a mountain of existing debt. The
- [Strategy Over Speed: NNPC Chief Bayo Ojulari Signals Global IPO Ambitions at CERAWeek 2026](https://www.naijapreneur.com/strategy-over-speed-nnpc-chief-bayo-ojulari-signals-global-ipo-ambitions-at-ceraweek-2026/) - The Nigerian National Petroleum Company Limited (NNPC) is preparing to transition from a state-shackled entity to a global stock market contender. Speaking at the CERAWeek 2026 conference in Houston, Group CEO Bayo Ojulari made it clear that while an Initial Public Offering (IPO) is the ultimate goal, the company is prioritizing "readiness over urgency." The
- [Top 5 Most Followed Nigerians on Bluesky](https://www.naijapreneur.com/top-5-most-followed-nigerians-on-bluesky/) - Bluesky has been quietly building into something serious. What started as a Twitter alternative for people burned out by the chaos of X has grown into a platform with a distinct culture, one that leans heavily toward academics, technologists, writers, and policy thinkers. Nigerians have carved out a meaningful presence on the platform, and the
- [From Paycheck to Cold Chain: How Strategic Credit is Scaling Nigeria’s Frozen Food Sector](https://www.naijapreneur.com/from-paycheck-to-cold-chain-how-strategic-credit-is-scaling-nigerias-frozen-food-sector/) - The transition from a salaried employee to a high-capacity industrialist requires more than just a good idea; it requires a banking partner that understands the unique rhythm of the SME. Mr. Ifeanyi, the Managing Director of Romatime Frozen Foods, is calling on the Nigerian financial sector to pivot toward the supportive model championed by Jaiz
- [From Degree-Seekers to Job-Creators: Nigeria’s ₦2.25 Billion Bet on Campus Innovation](https://www.naijapreneur.com/from-degree-seekers-to-job-creators-nigerias-₦2-25-billion-bet-on-campus-innovation/) - In a fundamental shift in Nigeria's educational philosophy, the Federal Government has transitioned from "certification-based" learning to "innovation-driven" enterprise. Under the newly launched Student Venture Capital Grant (SVCG), 45 student-led startups have each been awarded ₦50 million, totaling a ₦2.25 billion injection into the nation’s youngest academic entrepreneurs. The ceremony, held at the UNDP Innovation
- [The Funding Map: 5 Major Opportunities to Fuel Your Business Growth in 2026](https://www.naijapreneur.com/the-funding-map-5-major-opportunities-to-fuel-your-business-growth-in-2026/) - Access to capital is the top hurdle for Nigerian entrepreneurs, but the landscape is shifting. From ₦10,000 micro-grants to ₦5 million expansion loans, a new wave of public and private funding has opened up to support everything from market stalls to tech startups. Here is a breakdown of the five most significant opportunities currently available
- [The Bet9ja Foundation ScaleUp: A 10-Week Catalyst for Equity-Free Expansion](https://www.naijapreneur.com/the-bet9ja-foundation-scaleup-a-10-week-catalyst-for-equity-free-expansion/) - In a major push to bolster the Nigerian entrepreneurial ecosystem, the Bet9ja Foundation has launched its ScaleUp Business Accelerator. This program is specifically designed for high-potential founders who have moved past the "idea stage" and are ready to institutionalize their operations without sacrificing ownership. Unlike traditional venture capital, this accelerator provides non-dilutive funding, meaning entrepreneurs
- [WhatsApp as a Wallet: Xpend AI Wins Lagos Regional Startup World Cup, Heads to Silicon Valley](https://www.naijapreneur.com/whatsapp-as-a-wallet-xpend-ai-wins-lagos-regional-startup-world-cup-heads-to-silicon-valley/) - In a high-stakes showdown that whittled down over 100 national entries to just 11 finalists, Xpend AI has emerged as the champion of the 2026 Startup World Cup Lagos Regional. The victory grants the fintech disruptor a golden ticket to San Francisco, where it will represent Nigeria at the Grand Finale to compete for a
- [Democratizing Luck: The Tony Elumelu Foundation Unveils 3,200 New Founders for the 2026 Cohort](https://www.naijapreneur.com/democratizing-luck-the-tony-elumelu-foundation-unveils-3200-new-founders-for-the-2026-cohort/) - In a massive show of faith in Africa’s youth-led economy, the Tony Elumelu Foundation (TEF) has officially announced the 3,200 entrepreneurs selected for its 12th annual cycle. Unveiled on March 22, 2026, in Abuja, the new cohort represents a diverse cross-section of the continent, chosen from a staggering pool of over 265,000 applicants across all
- [The Refined Paradox: Why Africa’s Largest Refinery Hasn’t Lowered Nigeria’s Fuel Prices](https://www.naijapreneur.com/the-refined-paradox-why-africas-largest-refinery-hasnt-lowered-nigerias-fuel-prices/) - Despite the full operational launch of the 650,000 barrels-per-day Dangote Petroleum Refinery earlier this year, Nigerians are grappling with a record-breaking 65% spike in fuel costs. This surge—the sharpest among Africa’s major economies—highlights a painful irony: being the continent's top crude producer does not automatically guarantee cheap energy at the pump. As the Middle East
- [De-Risking the Dragon: How Friimarket is Professionalizing Nigeria’s Billion-Dollar China Trade Corridor](https://www.naijapreneur.com/de-risking-the-dragon-how-friimarket-is-professionalizing-nigerias-billion-dollar-china-trade-corridor/) - Nigeria’s 40 million SMEs form the lifeblood of the national economy, with a vast majority of these businesses relying on Chinese manufacturing to stock their shelves. However, for years, this trade has been hampered by an invisible "trust tax"—a combination of rampant fraud, quality discrepancies, and logistical nightmares that drain billions in potential growth. The
- [The $100 Barrel Crisis: Can Local Refining Shield Nigeria from the Global Energy Storm?](https://www.naijapreneur.com/the-100-barrel-crisis-can-local-refining-shield-nigeria-from-the-global-energy-storm/) - As the US–Israel–Iran conflict intensifies, the global energy market has been thrust into a state of "unprecedented volatility." With Brent crude surging past $100 per barrel following the closure of the Strait of Hormuz in early March 2026, nations are scrambling to protect their economies. While countries like China pivot toward renewables and Indonesia reinforces
- [The Goldsmith’s Son: Aare Kola Oyefeso on the Karma of Enterprise and the Art of Independence](https://www.naijapreneur.com/the-goldsmiths-son-aare-kola-oyefeso-on-the-karma-of-enterprise-and-the-art-of-independence/) - Aare Kola Oyefeso moves with the serene authority of a man who has successfully bridged the gap between traditional craftsmanship and modern industrial leadership. As the founder of the Kotco Group, Oyefeso’s life story is a masterclass in resilience, tracing a path from the vibrant marketplaces of Ibadan to the helm of a diversified energy
- [The Omniverse 3.0: Architecting Africa’s Digital and Creative Renaissance](https://www.naijapreneur.com/the-omniverse-3-0-architecting-africas-digital-and-creative-renaissance/) - The landscape of African innovation is set for a major recalibration this June as Omniverse Africa prepares to host its third annual summit. Positioned as the continent's premier intersection for technology, policy, and artistry, the four-day residency will run from June 2–5, 2026, at the iconic Wole Soyinka Centre for Culture and Creative Arts in
- [Beyond the Surname: Layal Jade Tinubu at 35—A Synergy of Commerce, Philanthropy, and Diplomacy](https://www.naijapreneur.com/beyond-the-surname-layal-jade-tinubu-at-35-a-synergy-of-commerce-philanthropy-and-diplomacy/) - As she marked her 35th birthday in March 2026, Layal Jade Tinubu has increasingly defined her identity through a deliberate mix of private enterprise and high-level social advocacy. While often recognized through her marriage to Seyi Tinubu, son of President Bola Ahmed Tinubu, her professional trajectory—spanning from the Big Four accounting firms to the heart
- [Bridging the Capital Gap: The Strategic Launchpad for Nigeria’s Next-Gen Startups](https://www.naijapreneur.com/bridging-the-capital-gap-the-strategic-launchpad-for-nigerias-next-gen-startups/) - In the fast-evolving landscape of African business news, a new high-impact platform has emerged to transform how Nigerian startups transition from raw concepts to scalable market leaders. This initiative is designed specifically to dismantle the "isolation barrier" that often prevents brilliant local innovations from reaching the global stage. The Strategic Imperative: Why This Matters For
- [Scaling Female-Led Enterprise: MTN Foundation Opens Applications for the 2026 Y’ellopreneur Grant](https://www.naijapreneur.com/scaling-female-led-enterprise-mtn-foundation-opens-applications-for-the-2026-yellopreneur-grant/) - In a strategic move to bolster the grassroots economy, the MTN Nigeria Foundation has officially commenced the 2026 cycle of its flagship Y’ellopreneur Grant. This initiative is engineered to dismantle the structural barriers facing Nigerian women in business by providing a high-impact blend of technical capacity building, low-interest funding, and professional advisory. The Mission: Turning
- [From Middleman to Manufacturer: Ibrahim Akosile on the Industrialization of Nigerian Fashion](https://www.naijapreneur.com/from-middleman-to-manufacturer-ibrahim-akosile-on-the-industrialization-of-nigerian-fashion/) - The Nigerian fashion sector has transitioned from a fragmented collection of local tailors into a sophisticated, globally competitive ecosystem. According to Ibrahim Akosile, the founder of Cossly Wears, this metamorphosis is being propelled by a potent mix of Gen-Z creativity, digital integration, and a surging international appetite for African aesthetics. With over 13 years of
- [Sovereign Skies: NIGCOMSAT Launches Accelerator 3.0 to Anchor Nigeria’s $1 Billion Space Economy](https://www.naijapreneur.com/sovereign-skies-nigcomsat-launches-accelerator-3-0-to-anchor-nigerias-1-billion-space-economy/) - As Nigeria marks two decades of its journey into the cosmos, the Nigerian Communications Satellite Limited (NIGCOMSAT) has signaled a shift from space exploration to space exploitation. The unveiling of Accelerator Cohort 3.0 serves as the centerpiece of the 2026 Nigerian Satellite Week, currently underway in Abuja (March 30–31). This move transitions the program from
- [The Import Dilemma: Nigeria’s Balancing Act Between Local Refining and Global Volatility](https://www.naijapreneur.com/the-import-dilemma-nigerias-balancing-act-between-local-refining-and-global-volatility/) - The Nigerian energy landscape is currently caught in a complex tug-of-war between domestic self-sufficiency and immediate supply security. Despite recent efforts to prioritize local production, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reportedly issued six new licenses for the importation of Premium Motor Spirit (PMS). This move marks a significant pivot from
- [Empowering the Next Wave: Shecluded and CFYE Launch Cohort 9 of the Dream to Business Incubator](https://www.naijapreneur.com/empowering-the-next-wave-shecluded-and-cfye-launch-cohort-9-of-the-dream-to-business-incubator/) - The landscape for female entrepreneurship in Nigeria is shifting as Shecluded, in collaboration with the Challenge Fund for Youth Employment (CFYE), officially opens applications for the ninth installment of its Dream to Business Incubator Programme. This initiative serves as a strategic launchpad for women looking to transform raw concepts into scalable, market-ready enterprises. Bridging the
- [Bridging the Trust Gap: How Swiftree’s AI Engine is Revolutionizing African SME Commerce](https://www.naijapreneur.com/bridging-the-trust-gap-how-swiftrees-ai-engine-is-revolutionizing-african-sme-commerce/) - As the African digital economy moves into a more mature phase, the focus of innovation has shifted from simple delivery logistics to solving the deep-seated "fragmentation" that plagues Small and Medium Enterprises (SMEs). Leading this evolution is Swiftree, an AI-driven commerce platform that recently celebrated a major milestone of 10,000 active users. Founded by data
- [The Energy Squeeze: How Rising Power Costs are Threatening the Survival of Nigerian SMEs](https://www.naijapreneur.com/the-energy-squeeze-how-rising-power-costs-are-threatening-the-survival-of-nigerian-smes/) - The operational backbone of Nigeria’s small and medium-sized enterprises (SMEs) is under severe strain as energy expenses consume an increasingly disproportionate share of corporate earnings. According to Femi Egbesola, President of the Association of Small Business Owners of Nigeria (ASBON), the cost of powering a business has surged from a previous average of 40% to
- [Strengthening the £8.1 Billion Corridor: Flutterwave Joins Historic Presidential Trade Mission to the UK](https://www.naijapreneur.com/strengthening-the-8-1-billion-corridor-flutterwave-joins-historic-presidential-trade-mission-to-the-uk/) - In a significant move to bolster international economic ties, Olugbenga “GB” Agboola, Founder and CEO of Flutterwave, joined President Bola Ahmed Tinubu for a landmark state visit to the United Kingdom. This delegation marks Nigeria’s first official State Visit to the UK in nearly four decades, signaling a new era of high-level private-sector diplomacy. The
- [Debt Discrepancy: Reno Omokri Challenges Findings on Nigeria’s Inherited Liabilities](https://www.naijapreneur.com/debt-discrepancy-reno-omokri-challenges-findings-on-nigerias-inherited-liabilities/) - The debate over Nigeria’s fiscal health has intensified as former presidential aide Reno Omokri publicly contested recent reports regarding the debt profile inherited by the Tinubu administration. Omokri argues that the total public debt at the time of the May 2023 transition was significantly higher than previously suggested, placing the figure at $113 billion. Contesting
- [Empowering 10 Million: Nigeria Launches Nationwide Digital and Financial Literacy Drive](https://www.naijapreneur.com/empowering-10-million-nigeria-launches-nationwide-digital-and-financial-literacy-drive/) - In a major push toward economic modernization, the Nigerian Presidency has officially opened registration for a massive, free-of-charge training initiative. The program aims to equip 10 million citizens with essential skills in financial inclusion, digital literacy, and entrepreneurship, positioning Nigeria as a burgeoning hub for global talent. A Multidisciplinary Roadmap for Growth Launched by Vice
- [The Intelligence Gap—BusinessDay Launches "She Means Business" as a Market-Moving Ecosystem](https://www.naijapreneur.com/the-intelligence-gap-businessday-launches-she-means-business-as-a-market-moving-ecosystem/) - The Nigerian media landscape undergoes a structural shift with the debut of "She Means Business." Launched as a strategic partnership between media innovator Ladejo and BusinessDay, Nigeria’s premier financial daily, this platform moves beyond traditional lifestyle reporting. It is designed as a rigorous "Intelligence Ecosystem" for the women currently managing Nigeria’s most consequential boards, portfolios,
- [Infrastructure for the 80%—How Jobtech Alliance is Digitizing African Micro-Retail](https://www.naijapreneur.com/infrastructure-for-the-80-how-jobtech-alliance-is-digitizing-african-micro-retail/) - For the 80% of Africans whose livelihoods depend on Micro, Small, and Medium Enterprises (MSMEs), the primary barrier to growth isn't a lack of customers—it’s the "Chaos of Operations." Recognizing this, the Jobtech Alliance (led by Mercy Corps and BFA Global) has doubled down on ventures that provide the "digital plumbing" for Africa’s informal trade.
- [The "Trojan Horse" Acquisition—Moniepoint’s 78% Power Play in Kenya](https://www.naijapreneur.com/the-trojan-horse-acquisition-moniepoints-78-power-play-in-kenya/) - Nigeria’s Moniepoint officially breached the Kenyan market, not through a fresh license application, but by acquiring a 78% controlling stake in Sumac Microfinance Bank. This move is a textbook example of "Strategic Market Entry," allowing the Nigerian unicorn to leapfrog the Central Bank of Kenya’s (CBK) freeze on new banking licenses. 1. The License is
- [Scaling the Backbone—FirstBank’s AI Roadmap for the 2026 Nigerian Entrepreneur](https://www.naijapreneur.com/scaling-the-backbone-firstbanks-ai-roadmap-for-the-2026-nigerian-entrepreneur/) - FirstBank—the 132-year-old titan of West African finance—will host a critical edition of its SMEConnect Webinar. Moving beyond traditional finance, the bank is now tackling the most influential trend of the decade: Artificial Intelligence. The theme, "AI for Business Growth: From Adoption to Integration and Scalable Impact," isn't just theory; it’s a survival manual for SMEs
- [The Grassroots Credit Revolution—COMCIN’s ₦100 Million "Anti-Barrier" Fund](https://www.naijapreneur.com/the-grassroots-credit-revolution-comcins-₦100-million-anti-barrier-fund/) - While high-level banking recapitalization dominates the headlines, a quieter financial shift is happening at the street level. The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN), in partnership with NEAT Microcredit, has unveiled a ₦100 million joint loan facility. Unlike commercial bank loans that often require impossible collateral, this fund is built on "Social
- [The $16 Million Seed Wave—How Transcorp and TEF are Financing the Next Generation of African Industry](https://www.naijapreneur.com/the-16-million-seed-wave-how-transcorp-and-tef-are-financing-the-next-generation-of-african-industry/) - The Tony Elumelu Foundation (TEF) announced its most ambitious cohort to date, selecting 3,200 entrepreneurs for its 2026 Entrepreneurship Programme. Each beneficiary will receive $5,000 in non-refundable seed funding, representing a direct $16 million injection into the continent’s micro-economy. A critical driver of this year's scale is the expanded partnership with Transcorp Group, which alone
- [The Atlantic Pivot—Nigeria’s 200 Trillion Cubic Feet Gambit in a Shifting Global Market](https://www.naijapreneur.com/the-atlantic-pivot-nigerias-200-trillion-cubic-feet-gambit-in-a-shifting-global-market/) - At the 2026 CERAWeek energy summit in Houston, the Nigerian National Petroleum Company (NNPC) signaled a aggressive shift in global energy dynamics. As the conflict in the Middle East disrupts traditional supply chains, Nigeria is moving to position itself as the "Stable Alternative" for the West, capitalizing on a rare alignment of geography, reserves, and
- [The London Manifesto—Cardoso’s "Rule-Based" Reset for the Nigerian Economy](https://www.naijapreneur.com/the-london-manifesto-cardosos-rule-based-reset-for-the-nigerian-economy/) - In a high-stakes fireside chat at the Africa Capital Forum on March 17, 2026, Central Bank Governor Olayemi Cardoso delivered a definitive eulogy for Nigeria’s previous economic era. Speaking to a room of global institutional investors and the President of the EBRD, Cardoso declared the old, opaque system "dead and buried," replaced by a transparent,
- [The $6.44 Billion Surge—Nigeria’s "Hot Money" Dependency vs. The FDI Gap](https://www.naijapreneur.com/the-6-44-billion-surge-nigerias-hot-money-dependency-vs-the-fdi-gap/) - According to the latest NBS data released on Wednesday, March 25, 2026, Nigeria’s "Capital Importation" engine is accelerating. Total inflows for Q4 2025 reached $6.44 billion, a robust 26.61% year-on-year jump. While the headline figure suggests a triumphant return of foreign confidence, a "look under the hood" reveals a lopsided recovery dominated by short-term financial
- [The $14 Trillion Corridor—How the Lagos-Calabar Coastal Road is Being Reimagined as an Economic Super-State](https://www.naijapreneur.com/the-14-trillion-corridor-how-the-lagos-calabar-coastal-road-is-being-reimagined-as-an-economic-super-state/) - At a landmark summit held at the historic Cocoa House in Ibadan, Nigeria’s economic architects from the South-West and South-South regions converged to redefine the 750-kilometre Lagos-Calabar Coastal Road. The consensus was clear: this is not merely a transportation project; it is a 700-square-kilometre "Enterprise Zone" that could potentially leapfrog Nigeria’s GDP from under $400
- [The "Scale Gap"—Why Nigeria’s Non-Oil Export Strategy is Facing a Hard Reset in 2026](https://www.naijapreneur.com/the-scale-gap-why-nigerias-non-oil-export-strategy-is-facing-a-hard-reset-in-2026/) - At a high-powered summit held on March 24, 2026, at the Afreximbank African Trade Centre, the Network of Practising Non-Oil Exporters of Nigeria (NPNEN) issued a blunt assessment of the nation’s export landscape. Drawing on a critical study commissioned by the UK Government, stakeholders identified a massive disconnect between "SME dominance" and "Export performance." 1.
- [The "15-Year Polish"—How The Nail Bar Institutionalized Luxury Wellness in Abuja](https://www.naijapreneur.com/the-15-year-polish-how-the-nail-bar-institutionalized-luxury-wellness-in-abuja/) - In an economy where most SMEs fail within the first five years, the 15th anniversary of The Nail Bar serves as a strategic case study in brand resilience. What began as a venture that faced initial maternal skepticism—with a preference for the "safety" of a 9-to-5 career—has transformed into a market leader in Nigeria’s holistic
- [The Efficiency Architecture—Moving from "Hustle" to Scalable Systems](https://www.naijapreneur.com/the-efficiency-architecture-moving-from-hustle-to-scalable-systems/) - In the volatile 2026 Nigerian economy, the difference between a business that survives and one that scales lies in its "Internal Plumbing." Strategy consultant Ade Olufemi-Peters, drawing from global experience with titans like Apple and Adidas, argues that most entrepreneurs are trapped in a cycle of "documented chaos." His mission is to move Nigerian SMEs
- [Killing the "Congestion Tax": FG Launches National Single Window Phase 1 to Slash Port Delays](https://www.naijapreneur.com/killing-the-congestion-tax-fg-launches-national-single-window-phase-1-to-slash-port-delays/) - LAGOS — In a decisive move to end decades of bureaucratic gridlock, the Minister of Finance, Wale Edun, has officially launched Phase 1 of the National Single Window (NSW). This digital portal is the "software" half of a massive port overhaul, designed to work alongside the "hardware" upgrades currently underway at the Apapa and Tin
- [Navigating the "Interconnected Hurdles" of the African Market](https://www.naijapreneur.com/navigating-the-interconnected-hurdles-of-the-african-market/) - In the current global climate, "sustainable growth" has shifted from a boardroom buzzword to an existential necessity. Africa stands at a unique crossroads: it possesses the world’s most significant untapped natural wealth and a burgeoning demographic of digital natives, yet the path to actualizing this potential is blocked by a series of deep-seated, systemic barriers.
- [From Lecture Halls to Boardrooms—Nigeria’s ₦50M "Student-to-CEO" Filter](https://www.naijapreneur.com/from-lecture-halls-to-boardrooms-nigerias-₦50m-student-to-ceo-filter/) - The Federal Government’s ambition to transition from a consumer economy to an innovation-led powerhouse has reached a critical bottleneck: the selection of the "Final 65." Out of an overwhelming sea of 30,639 applicants across 404 tertiary institutions, only 0.2% of Nigeria’s student entrepreneurs have survived the rigorous vetting for the Student Venture Capital Grant (S-VCG).
- [The "Mobile Phone Moment"—Why AI is the New Operational Baseline for Nigerian SMEs](https://www.naijapreneur.com/the-mobile-phone-moment-why-ai-is-the-new-operational-baseline-for-nigerian-smes/) - In the bustling commercial hubs of Lagos, Kano, and Aba, a silent revolution is underway. It isn't heralded by the usual fanfare of tech summits; instead, it is manifesting in the refined logistics of delivery firms and the optimized inventory of local pharmacies. For the Nigerian CEO, Artificial Intelligence has transitioned from a science-fiction trope
- [The "Anti-Fragile" Pivot—How Fixr is Financing the SME Escape from Diesel Dependency](https://www.naijapreneur.com/the-anti-fragile-pivot-how-fixr-is-financing-the-sme-escape-from-diesel-dependency/) - In the hyper-competitive corridors of Lagos and Abuja, the diesel generator—once the reliable heartbeat of Nigerian commerce—has become an "existential liability." As of March 2026, the data is grim: while over 83% of MSMEs are tethered to the national grid, fewer than 18% receive the steady current required to stay operational. The result is a
- [The "One Percent" Problem—Fixing Nigeria’s Non-Oil Export Bottleneck](https://www.naijapreneur.com/the-one-percent-problem-fixing-nigerias-non-oil-export-bottleneck/) - While Nigeria’s non-oil exports hit a historic high of $6.1 billion in 2025, a deeper look at the data reveals a startling lack of scale among the country's primary business engine: the SME. At a high-level strategy meeting held on March 24, 2026, at the Afreximbank African Trade Centre, the Network of Practising Non-Oil Exporters
- [The €135M Sovereign Injection—Rebuilding Nigeria’s "Self-Sufficiency" Backbone](https://www.naijapreneur.com/the-e135m-sovereign-injection-rebuilding-nigerias-self-sufficiency-backbone/) - On Monday, March 23, 2026, the architectural plans for Nigeria’s next industrial phase were signed into reality. Against the backdrop of the 8th Nigeria–EU Dialogue in Abuja, EIB Global (the European Investment Bank’s development arm) and the Bank of Industry (BOI) finalized two landmark loan agreements totaling €135 million ($156.3 million). This isn't just a
- [Beyond the Feed—Why "Digital Property" is the New Commercial Real Estate for Nigerian SMEs](https://www.naijapreneur.com/beyond-the-feed-why-digital-property-is-the-new-commercial-real-estate-for-nigerian-smes/) - In the hyper-competitive Nigerian market of 2026, the traditional storefront is no longer the primary point of discovery. According to Adedapo Michael, CEO of Dleading Web Design Ltd, a business without a robust, owned digital footprint is effectively "invisible" to the modern consumer. The shift is fundamental: online visibility has evolved from a marketing luxury
- [The Seplat Strategy: Bridging the Gap Between Crude Oil Mastery and Renewable Futures](https://www.naijapreneur.com/the-seplat-strategy-bridging-the-gap-between-crude-oil-mastery-and-renewable-futures/) - LAGOS & EKET — Seplat Energy has officially triggered its 2026 talent acquisition and empowerment cycle. With two distinct programs now open for applications, the company is addressing the two biggest hurdles in the Nigerian power sector: Technical Skill Scarcity and Sustainable Energy Access. While the Youth Entrepreneurship Programme (YEP) focuses on the "Green Frontier,"
- [The Return of the "Systems Man": How Odera Muoma is Structuring Abuja’s Service Economy with Fyndr](https://www.naijapreneur.com/the-return-of-the-systems-man-how-odera-muoma-is-structuring-abujas-service-economy-with-fyndr/) - ABUJA — After 25 years of building infrastructure and managing technology in the United Kingdom, Odera Muoma has returned to Nigeria with a provocative thesis: Going abroad isn't a weakness; it's a strategic gathering of tools to build home. His newly formed Rheel Group is launching its first major offensive in March 2026 with Fyndr,
- [The Agbami Blueprint: How Folorunsho Alakija Built a Multigenerational Energy Dynasty](https://www.naijapreneur.com/the-agbami-blueprint-how-folorunsho-alakija-built-a-multigenerational-energy-dynasty/) - LAGOS — While many billionaires are defined by their current net worth, Folorunsho Alakija is increasingly being studied for her Family Stewardship model. As the Executive Vice Chair of Famfa Oil Limited, Alakija has transitioned her brand from "fashion icon" to the cornerstone of a multi-sectoral empire that now serves as a benchmark for African
- [The $100 Million Seed: Tony Elumelu’s 16-Year Bet on African "Africapitalism"](https://www.naijapreneur.com/the-100-million-seed-tony-elumelus-16-year-bet-on-african-africapitalism/) - ABUJA & LAGOS — On the occasion of his birthday on Monday, March 23, 2026, Tony Elumelu, Chairman of UBA and Transcorp, released his annual letter detailing the exponential growth of the Tony Elumelu Foundation (TEF). What began in 2010 as a mission to fund 10,000 entrepreneurs has evolved into a continent-wide "Startup Machine" that
- [Capacity vs. Crisis: NNPC Pledges 100,000 bpd Boost Amid Global Supply Shocks](https://www.naijapreneur.com/capacity-vs-crisis-nnpc-pledges-100000-bpd-boost-amid-global-supply-shocks/) - HOUSTON & ABUJA — Speaking at the CERAWeek 2026 conference in Houston, the Group CEO of NNPC Limited, Engr. Bashir Bayo Ojulari, has made a bold claim: Nigeria is ready to inject an additional 100,000 barrels per day (bpd) into the global market within the next few months. This comes at a critical time when
- [The ₦200 Trillion Catalyst: Dangote Taps Stanbic, Vetiva, and FirstCap for Africa’s Largest IPO](https://www.naijapreneur.com/the-₦200-trillion-catalyst-dangote-taps-stanbic-vetiva-and-firstcap-for-africas-largest-ipo/) - LAGOS — The "Lagos Floor" is bracing for a seismic shift. The Dangote Group has officially triggered the countdown for the Initial Public Offering (IPO) of its $20 billion refinery complex, appointing a "Triple-Threat" of financial advisors to lead a transaction that could permanently redraw the map of African equity markets. With a projected valuation
- [The "Aba Renaissance": How Ultimum Ltd is Bottling Growth in the Osisioma Industrial Cluster](https://www.naijapreneur.com/the-aba-renaissance-how-ultimum-ltd-is-bottling-growth-in-the-osisioma-industrial-cluster/) - ABA, ABIA STATE — While many multinational manufacturers are centralizing operations in Lagos to save costs, Ultimum Limited (an affiliate of the Kadji Group) is taking the opposite bet. By commissioning a massive new production hub for its Razzl beverage brand in Aba, the company is positioning itself to dominate the South-East and South-South markets
- [The JSS2 Founder: How 22-Year-Old Adekoya Ezekiel is Scaling "Adeze Footwear" in the Lagos Leather Cluster](https://www.naijapreneur.com/the-jss2-founder-how-22-year-old-adekoya-ezekiel-is-scaling-adeze-footwear-in-the-lagos-leather-cluster/) - LAGOS — While most 22-year-olds are just entering the corporate workforce, Adekoya Ezekiel is celebrating his eighth year as a CEO. His company, Adeze Footwear Ltd, has evolved from a secondary school curiosity into a fully operational leather-making outfit that is now competing for corporate and school contracts across Lagos. Ezekiel’s story is a case
- ["Mugu Deal" or Strategic Debt? The Shifting Narrative of the £746m Port Modernization](https://www.naijapreneur.com/mugu-deal-or-strategic-debt-the-shifting-narrative-of-the-746m-port-modernization/) - LAGOS & LONDON — The honeymoon period of President Tinubu’s historic UK state visit has officially ended. As the "diplomatic pageantry" at Windsor Castle fades, a fierce debate has ignited within Nigeria's business and political circles: Did Nigeria secure a victory for its infrastructure, or did it merely sign a massive check for British industry?
- [The "All-in-One" Plate: Moniepoint Acquires Orda to Control the Operating System of African Food](https://www.naijapreneur.com/the-all-in-one-plate-moniepoint-acquires-orda-to-control-the-operating-system-of-african-food/) - LAGOS — In one of the most significant ecosystem moves of 2026, Moniepoint Inc. has acquired Orda Africa, a cloud-based restaurant management startup. The deal is a calculated land grab for the "food service" sector—an industry that is not only a cultural staple but a $50 billion pan-African behemoth that has historically operated in a
- [From Middleman to Miner: How Victor Nwokeji Built the Zotmann Industrial Conglomerate](https://www.naijapreneur.com/from-middleman-to-miner-how-victor-nwokeji-built-the-zotmann-industrial-conglomerate/) - LAGOS & EBONYI — In an era where many Nigerian businesses are struggling with foreign exchange (FX) volatility, Victor Nwokeji, the Executive Vice Chairman of Zotmann Mining Limited, has provided a blueprint for survival: Import Substitution and Asset Ownership. Nwokeji’s recent "Businessman of the Year" win at the Champion Newspaper Awards isn't just a social
- [Competitive Intelligence: 12 Sure Fire Ways To Strip Your Competitions Naked!](https://www.naijapreneur.com/competitive-intelligence/) - No matter how much you think you know about your business, no matter how much experience you have in your chosen field, without a clear understanding of the competitions in the market, you might as well be driving blind. Big companies spend thousands of dollars to conduct competitive market analysis, but fortunately for those of you on a tight budget, you can do quite a bit of this yourself, without spending much at all.
- [The Ancestry Trap: Can Lagos Business School Save Africa’s Family Empires from the "Third-Generation Curse"?](https://www.naijapreneur.com/the-ancestry-trap-can-lagos-business-school-save-africas-family-empires-from-the-third-generation-curse/) - LAGOS — In the world of African commerce, there is a haunting statistic: nearly 70% of family-owned businesses do not survive the transition to the second generation, and 90% fail before the third. On March 26, the Lagos Business School (LBS) is convening a high-stakes summit at the Ecobank Pan African Centre to rewrite this
- [The $100 Million Blueprint: Inside the 2026 "Green-Lighting" of Africa’s Startup Elite](https://www.naijapreneur.com/the-100-million-blueprint-inside-the-2026-green-lighting-of-africas-startup-elite/) - LAGOS — Imagine a job application with a 1-in-80 chance of success. That was the reality for over 265,000 young Africans who applied for the 2026 Tony Elumelu Foundation (TEF) flagship programme. This week, the "Final Cut" was revealed, signaling a massive injection of capital and high-level mentorship into 54 African nations. This isn't just
- [The Tax Bot in the Machine: How TaxStreem is Turning Nigerian Regulation into Pure Code](https://www.naijapreneur.com/the-tax-bot-in-the-machine-how-taxstreem-is-turning-nigerian-regulation-into-pure-code/) - LAGOS — For the average Nigerian business owner, "Tax Day" usually involves a mountain of mismatched WhatsApp receipts, three different spreadsheets, and a panicked call to an expensive consultant. But a new heavyweight entry into the African RegTech space, TaxStreem, is betting that the future of compliance isn't a person—it’s an API. Founded by an
- [The Data Diplomacy: How Joshua Ogbudu is Exporting African Intelligence, Not Just Apps](https://www.naijapreneur.com/the-data-diplomacy-how-joshua-ogbudu-is-exporting-african-intelligence-not-just-apps/) - LAGOS & VILNIUS — The biggest bottleneck in the African tech explosion isn't a lack of ideas—it’s the "Seniority Gap." While the continent is swimming in junior developers, the path to global, high-stakes data roles has traditionally been a closed loop. Enter Joshua Ogbudu, the founder of Swiftree and a veteran of PalmPay, who is
- [The Delaware-to-Delta Settlement: How Nigeria Traded a $1.1 Billion Legal Headache for Deepwater Drills](https://www.naijapreneur.com/the-delaware-to-delta-settlement-how-nigeria-traded-a-1-1-billion-legal-headache-for-deepwater-drills/) - ABUJA & MILAN — On March 5, 2026, the longest-running "cold war" in the global oil industry officially ended. President Bola Tinubu and Eni CEO Claudio Descalzi didn't just shake hands; they signed a document that effectively incinerates years of international arbitration and clears a path through a legal jungle that spanned London, Paris, and
- [The $159 Million Dollar Delusion: Why a U.S. Court Refused to Play Debt Collector for Nigeria’s Paris Club Fees](https://www.naijapreneur.com/the-159-million-dollar-delusion-why-a-u-s-court-refused-to-play-debt-collector-for-nigerias-paris-club-fees/) - WASHINGTON D.C. & ABUJA — In a major victory for the Nigerian Treasury, the U.S. District Court for the District of Columbia has slammed the door on a multimillion-dollar attempt to force the Nigerian government to pay up. The ruling, delivered by Judge Colleen Kollar-Kotelly, effectively tells consultants that Nigeria’s domestic debt disputes cannot be
- [Escaping the "Dual Liquidity Trap": How Nomba is Rewiring the Pipes of African Global Trade](https://www.naijapreneur.com/escaping-the-dual-liquidity-trap-how-nomba-is-rewiring-the-pipes-of-african-global-trade/) - LAGOS — For years, Nigerian businesses playing on the global stage have been haunted by a financial ghost known as the "Dual Liquidity Trap." To buy goods from London or settle invoices in Europe, companies were forced to lock up massive amounts of capital in both Naira and Foreign Currencies (FX) simultaneously just to hedge
- [The Certification Crusade: Can ITF’s "SUPA" Turn Nigeria’s Artisans into Global Tech-Labor Exports?](https://www.naijapreneur.com/the-certification-crusade-can-itfs-supa-turn-nigerias-artisans-into-global-tech-labor-exports/) - JOS & LAGOS — For decades, Nigeria’s massive army of artisans—plumbers, mechanics, and welders—has operated in a "gray market" of unverified skills. But the 2026 phase of the Skill Up Artisans (SUPA) initiative, led by the Industrial Training Fund (ITF), is attempting a radical corporate makeover: transforming local handymen into internationally certified technicians. By partnering
- [From Frontlines to Boardrooms: The Rise of Nigeria’s "Command-and-Control" Entrepreneurs](https://www.naijapreneur.com/from-frontlines-to-boardrooms-the-rise-of-nigerias-command-and-control-entrepreneurs/) - LAGOS — A new demographic of business leaders is about to hit the Nigerian marketplace, and they aren’t coming from business schools. With the graduation of the Entrepreneurship and Management Course 17/2026, the Nigerian Armed Forces are officially pivoting from "defense" to "development," rebranding retiring officers as high-stakes venture builders. The "Empretec" Edge: UN-Backed Business
- [The Dangote Corridor: Why a Billionaire is Rebuilding the Jebba-Kontagora Artery](https://www.naijapreneur.com/the-dangote-corridor-why-a-billionaire-is-rebuilding-the-jebba-kontagora-artery/) - KONTAGORA — Infrastructure in Niger State is getting a private-sector lifeline. Governor Mohammed Umaru Bago has confirmed that the reconstruction of the critical Jebba-Makera-Kontagora Road is moving from the "planning" phase to the "paving" phase. However, the real story isn't just the asphalt—it’s the financier. The project is being spearheaded by Aliko Dangote, marking another
- [The Gas Avant-Garde: Engineering Nigeria’s Next Trillion-Cubic-Foot Payday](https://www.naijapreneur.com/the-gas-avant-garde-engineering-nigerias-next-trillion-cubic-foot-payday/) - LAGOS & ROCHESTER — While most people see Nigeria’s 206 trillion cubic feet of untapped gas as a daunting logistical nightmare, Emeka Iheme sees it as a set of ten specific equations. If solved, he believes each one is worth a billion dollars. Iheme, the founder of Gasavant Africa, is the archetype of the "New
- [Beyond the Balance Sheet: Ecobank’s "Ellevate 2.0" and the Industrialization of Female Capital](https://www.naijapreneur.com/beyond-the-balance-sheet-ecobanks-ellevate-2-0-and-the-industrialization-of-female-capital/) - LAGOS — The days of "pink-ribbon marketing"—where banks simply put a female face on a standard loan product—are hitting a dead end. With the launch of Ellevate 2.0, Ecobank Nigeria is signaling a move toward "Identity Banking," betting that the fastest way to stabilize a volatile portfolio is to back the most resilient demographic in
- [Breaking the Crude Ceiling: The Strategic Math Behind Nigeria’s Inclusive Energy Supply Chain](https://www.naijapreneur.com/breaking-the-crude-ceiling-the-strategic-math-behind-nigerias-inclusive-energy-supply-chain/) - LAGOS — For decades, the "Upstream" oil and gas sector in Nigeria has been an insular fortress. However, a new alliance between the NCDMB (Nigerian Content Development and Monitoring Board) and Esso Exploration (EEPNL) is proving that "Supplier Diversity" isn't just a buzzword—it’s a calculated move to inject agility into a traditionally rigid industry. The
- [The Chemistry of Confidence: How a 1990s Lab Risk Battered the "Foreign is Better" Myth](https://www.naijapreneur.com/the-chemistry-of-confidence-how-a-1990s-lab-risk-battered-the-foreign-is-better-myth/) - LAGOS — In 1996, Chika Ikenga did something his peers thought was corporate suicide. He walked away from a comfortable career at a Dow Chemical affiliate to solve a problem most men ignored: the literal "burning" of the Nigerian woman's scalp. Today, Nature’s Gentle Touch isn't just a brand on a shelf; it is a
- [The Jigawa Blueprint: Can State-Led Micro-Capitalism Eradicate Poverty?](https://www.naijapreneur.com/the-jigawa-blueprint-can-state-led-micro-capitalism-eradicate-poverty/) - DUTSE — While the national conversation often fixates on federal fiscal policy, a quiet economic experiment is unfolding in Jigawa State. By moving beyond traditional "empowerment" grants and toward structured, low-interest credit facilities, the state is attempting to build a sustainable SME ecosystem from the ground up. The "BoI" Lever: Moving from Grants to Growth
- [Code as Law: Nigeria Mandates the Rise of the "AI Auditor"](https://www.naijapreneur.com/code-as-law-nigeria-mandates-the-rise-of-the-ai-auditor/) - LAGOS — The Central Bank of Nigeria (CBN) has just fired the starting gun on a technological arms race that will permanently alter the DNA of African finance. By ordering the mandatory deployment of Automated Anti-Money Laundering (AML) systems, the CBN isn't just "updating the rules"—it is replacing human oversight with algorithmic enforcement. The End
- [The 2026 Tax Shield: Who Wins and Who Loses in Nigeria’s New Fiscal Playbook?](https://www.naijapreneur.com/the-2026-tax-shield-who-wins-and-who-loses-in-nigerias-new-fiscal-playbook/) - LAGOS — The era of "taxing everything that moves" in Nigeria is undergoing a radical surgical procedure. As the 2025 Tax Acts finally hit the ground, the National Tax Policy Implementation Committee (NTPIC) has signaled a shift from aggressive collection to strategic relief. But behind the headlines of "tax cuts" lies a sophisticated data-gathering mission.
- [The Refinement Paradox: Why Domestic Production Isn't Lowering Petrol Prices](https://www.naijapreneur.com/the-refinement-paradox-why-domestic-production-isnt-lowering-petrol-prices/) - ABUJA — Despite the Dangote Refinery capturing a dominant 93% share of Nigeria’s daily petrol supply in February 2026, pump prices have continued their upward surge, hitting ₦1,300 in Abuja and ₦1,500 in the Southeast. This "refinement paradox" has sparked a heated debate between industrial logic and the immediate survival needs of the Nigerian workforce.
- [Mixed Signals: Headline Inflation Dips to 15.06% as Food Pressures Rebound](https://www.naijapreneur.com/mixed-signals-headline-inflation-dips-to-15-06-as-food-pressures-rebound/) - ABUJA — Nigeria’s disinflation journey hit a complex milestone on Monday, March 16, 2026, as the National Bureau of Statistics (NBS) reported a marginal cooling in headline inflation to 15.06%. While this marks the 11th consecutive monthly decline, the data reveals a growing "inflationary tension" beneath the surface: the pace of decline is slowing, and
- [Culture into Equity: How Jon Basil Tequila is Building a Diaspora Legacy](https://www.naijapreneur.com/culture-into-equity-how-jon-basil-tequila-is-building-a-diaspora-legacy/) - CHICAGO / ACCRA — In the crowded world of premium spirits, Jon Basil Tequila is distinguishing itself not just by the liquid in the bottle, but by the "diaspora consciousness" behind its business model. Founded in Chicago by Uduimoh Umolu, an entrepreneur of Nigerian and Ghanaian descent, the brand has emerged in 2026 as a
- [The Architect of African Unicorns: Iyinoluwa Aboyeji’s Triple-Play Legacy](https://www.naijapreneur.com/the-architect-of-african-unicorns-iyinoluwa-aboyejis-triple-play-legacy/) - LAGOS — As Nigeria navigates a 2026 defined by institutional growth and digital transformation, one name remains synonymous with the "infrastructure" of the African tech dream: Iyinoluwa "E" Aboyeji. Born in Lagos in 1991, Aboyeji has moved beyond being a mere "startup founder" to becoming the primary architect of the systems that allow African talent
- [From Lagos to the Capitol: Juliet Vincent-Obi Honoured for Pioneering Kidpreneurship](https://www.naijapreneur.com/from-lagos-to-the-capitol-juliet-vincent-obi-honoured-for-pioneering-kidpreneurship/) - ATLANTA, GEORGIA — In a historic recognition of African-led social innovation, the Georgia House of Representatives has formally commended Juliet Vincent-Obi, the founder of Kidpreneur Africa, for her work in global youth empowerment. On March 3, 2026, the House passed Resolution 1570, celebrating her dedication to equipping children with the financial and digital tools necessary
- [Funding the Future: iDICE Launches "Startup Bridge" for 500+ Nigerian Founders](https://www.naijapreneur.com/funding-the-future-idice-launches-startup-bridge-for-500-nigerian-founders/) - ABUJA — The Federal Government has intensified its drive to decentralize Nigeria’s tech economy with the launch of the iDICE Startup Bridge. Unveiled on Monday, March 16, 2026, the initiative is the most structured intervention to date under the $617.7 million iDICE umbrella, specifically designed to bridge the gap between a raw idea and venture-capital
- [Cost Pressures: Nigerian Breweries and Guinness Announce Price Hikes](https://www.naijapreneur.com/cost-pressures-nigerian-breweries-and-guinness-announce-price-hikes/) - LAGOS — Nigeria’s two largest beverage giants, Nigerian Breweries (NB) Plc and Guinness Nigeria, have announced a fresh round of price adjustments on selected products to offset the "galloping" cost of operations. The notices, sent to distributors between March 13 and 14, 2026, cite the evolving economic landscape and the surging cost of raw materials
- [Oil Shock: CPPE Warns of Survival Risks as Petrol Hits ₦1,300](https://www.naijapreneur.com/oil-shock-cppe-warns-of-survival-risks-as-petrol-hits-₦1300/) - LAGOS — The Centre for the Promotion of Private Enterprise (CPPE) has issued an urgent "survival advisory" to Nigerian businesses and the federal government as global oil prices surge toward $120 per barrel. On Sunday, March 15, 2026, CPPE CEO Muda Yusuf warned that the escalating military conflict involving the United States, Israel, and Iran
- [The Digital Silk Road: Anambra and Saudi Arabia Forge "Africa–Middle East Bridge"](https://www.naijapreneur.com/the-digital-silk-road-anambra-and-saudi-arabia-forge-africa-middle-east-bridge/) - BEIJING — In a landmark move for regional diplomacy and technology transfer, the Solution Innovation District (SID) of Anambra State, Nigeria, and the Dhahran Techno Valley Holding Company (DTVC) of Saudi Arabia have signed a Memorandum of Understanding (MoU) to build a strategic "innovation bridge." The agreement, signed on Friday, March 13, 2026, during a
- [The Queen of Cassava: How Yemisi Iranloye Built an Industrial Empire in the "Middle of Nowhere"](https://www.naijapreneur.com/the-queen-of-cassava-how-yemisi-iranloye-built-an-industrial-empire-in-the-middle-of-nowhere/) - ALAYIDE, OYO STATE — While Nigeria is the world's largest producer of cassava, the crop has historically been viewed as a subsistence staple for garri and fufu. However, Yemisi Iranloye, the founder of Psaltry International, has spent the last 15 years proving that this humble root is the key to Nigeria’s industrial sovereignty. Starting with
- [Cocoa Capital: Sunbeth Global Concepts Raises ₦165.7 Billion to Scale Exports](https://www.naijapreneur.com/cocoa-capital-sunbeth-global-concepts-raises-₦165-7-billion-to-scale-exports/) - LAGOS — Nigerian agricultural powerhouse Sunbeth Global Concepts has successfully raised ₦165.73 billion ($118.5 million) through a massively oversubscribed Commercial Paper (CP) issuance. The capital raise, which concluded on March 6, 2026, saw an unprecedented 65% oversubscription, signaling deep investor confidence in Nigeria's non-oil export sector. The proceeds are earmarked for a strategic "value-chain leap"—moving
- [The $1.5 Trillion Horizon: Mastercard Declares Nigeria the Engine of Africa’s Digital Surge](https://www.naijapreneur.com/the-1-5-trillion-horizon-mastercard-declares-nigeria-the-engine-of-africas-digital-surge/) - LAGOS — As the Lagos Tech Fest 2026 kicked off, the global payment giant Mastercard painted a bullish picture of Nigeria’s role in the continental economy. Folasade Femi-Lawal, Mastercard's Country Manager for West Africa, characterized Nigeria as the "central force" of a digital payments revolution that is projected to reach $1.5 trillion across Africa by
- [From "Food Basket" to Innovation Hub: JICA and Benue State Crown BASEP Winners](https://www.naijapreneur.com/from-food-basket-to-innovation-hub-jica-and-benue-state-crown-basep-winners/) - MAKURDI — The Japan International Cooperation Agency (JICA) and the Benue State Government have reached a major milestone in their mission to modernize Nigeria’s "Food Basket." On Sunday, March 15, 2026, the Benue Agro-Startup Enhancement Programme (BASEP) concluded its high-stakes "Demo Day," crowning three innovative startups that are reshaping the agricultural value chain. The initiative,
- [Powering West Africa: NDPHC and Togo Seek to Expand 75MW Electricity Deal](https://www.naijapreneur.com/powering-west-africa-ndphc-and-togo-seek-to-expand-75mw-electricity-deal/) - ABUJA / LOMÉ — Nigeria’s role as the "powerhouse" of the West African sub-region was further solidified on Sunday, March 15, 2026, as the Niger Delta Power Holding Company (NDPHC) hosted a high-level delegation from Togo to discuss a significant increase in cross-border electricity supply. The visiting team from Compagnie Energie Electrique du Togo (CEET),
- [A Sage’s Counsel: Gowon commends Tinubu’s Reforms at the Villa](https://www.naijapreneur.com/a-sages-counsel-gowon-commends-tinubus-reforms-at-the-villa/) - ABUJA — In a high-profile visit to the State House on Saturday, March 14, 2026, former Head of State General Yakubu Gowon (rtd) offered a strong vote of confidence in President Bola Tinubu’s administration. Speaking to journalists after a private meeting, the elder statesman praised the President’s "all-round" efforts to resolve Nigeria’s economic and security
- [The Paradox of Flare and Famine: Nigeria’s Gas Crisis Deepens](https://www.naijapreneur.com/the-paradox-of-flare-and-famine-nigerias-gas-crisis-deepens/) - ABUJA — While Nigeria boasts a staggering 600 trillion cubic feet (tcf) of unproven gas reserves, the nation’s power grid is currently buckling under a severe "fuel famine." Despite the "Decade of Gas" mandate (2020–2030), recent data reveals that nearly 60% of the gas needed to power the country is literally going up in smoke.
- [Press vs. Pixels: Tinubu Pledges Tariff Relief and Support Against "Digital Cannibalisation"](https://www.naijapreneur.com/press-vs-pixels-tinubu-pledges-tariff-relief-and-support-against-digital-cannibalisation/) - ABUJA — At a high-powered interfaith dinner held on Friday, March 13, 2026, President Bola Ahmed Tinubu formally designated the Nigerian press as an “indispensable partner” in the nation’s quest for economic stability. Addressing a delegation from the Nigerian Press Organisation (NPO), the President vowed to dismantle the fiscal barriers and the emerging threat of
- [$50 Billion in Sights: Nigeria Signs Historic Pact to Host IATF 2027 in Lagos](https://www.naijapreneur.com/50-billion-in-sights-nigeria-signs-historic-pact-to-host-iatf-2027-in-lagos/) - LAGOS — Nigeria has officially secured the hosting rights for the fifth Intra-African Trade Fair (IATF2027), marking a strategic homecoming for the continent’s largest trade and investment marketplace. On Monday, March 9, 2026, the Federal Government signed the landmark host country agreement at the Wole Soyinka Centre for Culture and Creative Arts in Lagos, formally
- [Beauty Meets Banking: Dabota Cosmetics Signs Landmark Global Expansion Deal](https://www.naijapreneur.com/beauty-meets-banking-dabota-cosmetics-signs-landmark-global-expansion-deal/) - LAGOS — In a move that signals the rising economic clout of the African beauty industry, Dabota Cosmetics Ltd has secured a major international financial facility aimed at scaling its operations across global markets. The agreement was signed on Sunday, March 15, 2026, during an exclusive event hosted by Mrs. Mojisola Hunponu-Wusu, Founder of Woodhall
- [The $1.85 Billion Solar Surge: Nigeria’s Historic Push for Rural Power](https://www.naijapreneur.com/the-1-85-billion-solar-surge-nigerias-historic-push-for-rural-power/) - ABUJA — In a major move to dismantle "energy poverty," the Federal Government of Nigeria officially rolled out the Distributed Access through Renewable Energy Scale-up (DARES) project on Friday, March 6, 2026. Spearheaded by the Rural Electrification Agency (REA), the initiative pairs $750 million in World Bank funding with an expected $1.1 billion in private
- [Resilient Roots: LAPO Microfinance Bank Unveils 11-Point Action Plan for Climate Finance](https://www.naijapreneur.com/resilient-roots-lapo-microfinance-bank-unveils-11-point-action-plan-for-climate-finance/) - LAGOS — As Nigeria grapples with escalating environmental risks, LAPO Microfinance Bank Limited has solidified its role as a leader in "climate-resilient financing." At the Sustainable Finance Conference 2.0 held in March 2026, stakeholders adopted a comprehensive 11-point action plan designed to shield vulnerable communities from the economic shocks of climate change. The conference, themed
- [The Heart of Business: HRCEA 2025 Crowns Human Resources as the Driver of Nigeria’s Workforce Transformation](https://www.naijapreneur.com/the-heart-of-business-hrcea-2025-crowns-human-resources-as-the-driver-of-nigerias-workforce-transformation/) - LAGOS — As Nigerian organizations navigate a complex landscape of digital disruption and shifting workplace cultures, the 2025 HR Conference and Excellence Awards (HRCEA 2025) has sent a clear message: Human Resources is no longer a back-office function, but the strategic "heart" of business success. Organized by HR Talent Hub and headlined by MIVA Open
- [Global Trade Architect: Nigeria’s Jumoke Oduwole Mobilizes Africa for WTO MC14](https://www.naijapreneur.com/global-trade-architect-nigerias-jumoke-oduwole-mobilizes-africa-for-wto-mc14/) - As the 14th World Trade Organisation (WTO) Ministerial Conference (MC14) approaches (March 26–29, 2026), Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has shifted into high-gear diplomacy. Her mission is clear: ensure that the global trade rules negotiated in Yaoundé, Cameroon, don’t just favor established economies but actively drive Nigeria’s industrialization and the
- [The Snake Island Expansion: MSC Signs 45-Year Deal to Anchor in Lagos](https://www.naijapreneur.com/the-snake-island-expansion-msc-signs-45-year-deal-to-anchor-in-lagos/) - LAGOS — Nigeria’s maritime landscape is set for a historic transformation following the signing of a 45-year sub-concession agreement between Mediterranean Shipping Company (MSC) and Nigerdock. The deal, announced Thursday, March 12, 2026, grants the world’s largest container shipping line the rights to develop and operate an exclusive terminal within the Snake Island Port. The
- [Fueling Independence: Nigeria Suspends Petrol Import Licences to Support Local Refining](https://www.naijapreneur.com/fueling-independence-nigeria-suspends-petrol-import-licences-to-support-local-refining/) - ABUJA / LEKKI — In a historic pivot toward energy self-sufficiency, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially suspended the issuance of gasoline (PMS) import licences. The decision, effective as of February and March 2026, enforces a key provision of the Petroleum Industry Act (PIA), which restricts fuel imports to "buffer"
- [Vigilance in the Market: FCCPC Vows to Curb Exploitative Pricing Amid Global Conflict](https://www.naijapreneur.com/vigilance-in-the-market-fccpc-vows-to-curb-exploitative-pricing-amid-global-conflict/) - ABUJA — As the United States–Israel-Iran conflict continues to send shockwaves through global energy markets, the Federal Competition and Consumer Protection Commission (FCCPC) has officially mobilized a nationwide monitoring exercise. Executive Vice Chairman Tunji Bello announced on Thursday that the commission is on high alert to prevent Nigerian businesses from using global volatility as a
- [Cultivating the Future: BATN Foundation Empowers Young Female "Agripreneurs"](https://www.naijapreneur.com/cultivating-the-future-batn-foundation-empowers-young-female-agripreneurs/) - LAGOS — As Nigeria marks International Women’s Day 2026, the BATN Foundation has released a comprehensive impact report showcasing a strategic shift in the country's agricultural landscape. The data reveals that young women are no longer just "helpers" on the farm; they are becoming the CEOs of high-growth agribusinesses, thanks to targeted intervention programs that
- [Investing in the Future: High Chief Kestin Pondi Empowers 80 Entrepreneurs with ₦800 Million](https://www.naijapreneur.com/investing-in-the-future-high-chief-kestin-pondi-empowers-80-entrepreneurs-with-₦800-million/) - EFFURUN / WARRI — In a major boost to the Niger Delta’s local economy, High Chief (Engr.) Kestin Pondi, Managing Director of Tantita Security Services Nigeria Limited (TSSNL), has distributed ₦800 million in business grants to 80 young Nigerian entrepreneurs. The ceremony, held on Monday, March 9, 2026, at the MBB Event Center in Effurun,
- [Digital Dividends: MTN Foundation Graduates 5,980 Youths with ₦300 Million Equipment Boost](https://www.naijapreneur.com/digital-dividends-mtn-foundation-graduates-5980-youths-with-₦300-million-equipment-boost/) - ABUJA — The MTN Nigeria Foundation has reached a major milestone in its mission to digitize Nigeria’s grassroots economy, graduating 5,980 young entrepreneurs from Phase 7 of its ICT and Business Skills Training Programme. The ceremony, held at the Abuja Continental Hotel on Wednesday, March 4, 2026, was headlined by Vice President Kashim Shettima, who
- [The "Root" of Innovation: Flour Mills of Nigeria Launches N-Prize 2026 Focused on Cassava](https://www.naijapreneur.com/the-root-of-innovation-flour-mills-of-nigeria-launches-n-prize-2026-focused-on-cassava/) - LAGOS — As Nigeria intensifies its quest for food sovereignty, Flour Mills of Nigeria Plc (FMN) has officially opened applications for the fifth season of its prestigious FMN Prize for Innovation. This year, the spotlight falls squarely on Cassava, a crop that serves as a dietary anchor for millions but remains hampered by traditional processing
- [Market Power: ASHA Microfinance Bank Appoints Jaiye Kuti to Drive Financial Inclusion in Mushin](https://www.naijapreneur.com/market-power-asha-microfinance-bank-appoints-jaiye-kuti-to-drive-financial-inclusion-in-mushin/) - LAGOS — In a vibrant fusion of grassroots commerce and celebrity advocacy, ASHA Microfinance Bank took its 2026 International Women’s Day celebrations directly to the heart of the "informal economy": the Mushin Market. The event, held on Monday, signaled a shift in the bank's strategy toward high-touch, community-based financial services for Nigeria's millions of market
- [Solar Empowerment: Baobab Microfinance Bank Launches "Green Finance Project" to Bridge Energy Gap](https://www.naijapreneur.com/solar-empowerment-baobab-microfinance-bank-launches-green-finance-project-to-bridge-energy-gap/) - LAGOS — As rising electricity tariffs and grid instability continue to squeeze the margins of Lagosian households and small businesses, Baobab Microfinance Bank Nigeria has stepped forward with a specialized intervention. On Monday, the bank officially launched the Green Finance Project, an initiative designed to move solar energy from a "luxury experiment" to a "financially
- [Beyond the Diaspora: The "Nigeria Market" Model as a Global Trade Engine](https://www.naijapreneur.com/beyond-the-diaspora-the-nigeria-market-model-as-a-global-trade-engine/) - LAGOS — For decades, China has used "Chinatowns" as more than just cultural enclaves; they are sophisticated, permanent trade outposts that anchor Chinese products in global markets. Now, trade expert Mr. John Isemede is proposing that Nigeria adopts a similar "Nigeria Market" framework to formalize its "soft power" and flip the script on non-oil exports.
- [Deepwater Breakthrough: President Tinubu Unlocks $20bn Bonga Southwest Project](https://www.naijapreneur.com/deepwater-breakthrough-president-tinubu-unlocks-20bn-bonga-southwest-project/) - ABUJA — In a move set to end nearly two decades of regulatory gridlock, President Bola Ahmed Tinubu has approved a strategic fiscal incentive package to greenlight the Bonga Southwest Aparo (BSWA) project. The decision is expected to trigger a massive $20 billion infusion of Foreign Direct Investment (FDI) into Nigeria’s offshore energy sector. The
- [Faith and Finance: Al-Habbiyyah Islamic Society Integrates Entrepreneurship into Ramadan Tafsir](https://www.naijapreneur.com/faith-and-finance-al-habbiyyah-islamic-society-integrates-entrepreneurship-into-ramadan-tafsir/) - ABUJA — In a unique blending of spiritual growth and economic pragmatism, the Al-Habbiyyah Islamic Society has launched its "For Women by Women" Ramadan Tafsir series. Held at the society’s headquarters in Abuja, the program is moving beyond traditional religious lectures to provide a roadmap for female-led small business development. Dr. Rakiya Momo Abaji, Coordinator
- [From N500 Million to N800 Million: High Chief Kestin Pondi Doubles Business Grants in Massive Birthday Gesture](https://www.naijapreneur.com/from-n500-million-to-n800-million-high-chief-kestin-pondi-doubles-business-grants-in-massive-birthday-gesture/) - WARRI — In an extraordinary display of private-sector philanthropy, the Managing Director of Tantita Security Services Nigeria Limited (TSSNL), High Chief (Engr.) Kestin Ebimobowei Pondi, has significantly scaled up his national youth empowerment scheme. During the second edition of the Kestin Pondi Business Grant Award, what was initially planned as a N5 million windfall for
- [DEAP Capital Transforms into Africa’s Premier Mineral Finance Giant](https://www.naijapreneur.com/deap-capital-transforms-into-africas-premier-mineral-finance-giant/) - LAGOS — The landscape of African industrial finance is poised for a seismic shift as shareholders of DEAP Capital Management & Trust Plc gather this Thursday. The landmark Annual General Meeting (AGM) is set to ratify the firm's evolution from a traditional investment banking group into the continent’s first major private-sector institution dedicated to mineral
- [The French Return: Peugeot and Renault Bet on Local Assembly to Reclaim Nigerian Roads](https://www.naijapreneur.com/the-french-return-peugeot-and-renault-bet-on-local-assembly-to-reclaim-nigerian-roads/) - ABUJA — The era of the "Lion" on Nigerian roads is poised for a significant comeback. Marc Fonbaustier, the French Ambassador to Nigeria, has revealed that France’s automotive titans are moving beyond simple importation to establish deep-rooted assembly partnerships aimed at reclaiming their historical dominance in the Nigerian market. This strategic re-entry focuses on two
- [The Alchemist of African Beauty: How Chika Ikenga Redefined Nigerian Haircare](https://www.naijapreneur.com/the-alchemist-of-african-beauty-how-chika-ikenga-redefined-nigerian-haircare/) - LAGOS — In the mid-1990s, while his contemporaries were looking toward Europe and America for "greener pastures," a young industrial chemist named Chika Ikenga was looking at the scalps of Nigerian women. What he saw was a silent epidemic: chemical burns, hair breakage, and a deep-seated belief that locally made products were inherently inferior. Today,
- [The Unicorn Factory: Nigeria Solidifies Its Lead as Africa’s Technology Epicenter](https://www.naijapreneur.com/the-unicorn-factory-nigeria-solidifies-its-lead-as-africas-technology-epicenter/) - LAGOS — Nigeria has officially cemented its status as the heartbeat of Africa’s tech revolution. Despite fierce competition from the "Big Four" (Kenya, Egypt, and South Africa), Nigeria continues to produce more billion-dollar startups than any other nation on the continent. With powerhouses like Flutterwave, OPay, Interswitch, Moniepoint, and Andela, the country is no longer
- [Mining Without Borders: Nigeria Calls for Regional Integration at PDAC 2026](https://www.naijapreneur.com/mining-without-borders-nigeria-calls-for-regional-integration-at-pdac-2026/) - TORONTO — Nigeria is shifting its mining strategy from isolated domestic growth to becoming the "anchor" for a continent-wide mineral corridor. Speaking at the Prospectors and Developers Association of Canada (PDAC) Conference in Toronto, the Minister of Solid Minerals Development, Dele Alake, declared that the future of African mining lies in cross-border infrastructure and local
- [Nigerian Titans Dominate: Forbes Releases 2026 Africa Billionaires Ranking](https://www.naijapreneur.com/nigerian-titans-dominate-forbes-releases-2026-africa-billionaires-ranking/) - LAGOS — Nigeria’s leading industrialists have once again asserted their dominance as Forbes released its 2026 Africa Billionaires list. The report highlights a staggering recovery and expansion of wealth across the continent, with Nigeria’s "Big Four" leading the charge amidst a 21% surge in collective billionaire wealth. The 2026 ranking features 23 African billionaires with
- [PropTech Pivot: Veritasi Homes Champions AI and Data-Driven Real Estate at 5th Realtors Conference](https://www.naijapreneur.com/proptech-pivot-veritasi-homes-champions-ai-and-data-driven-real-estate-at-5th-realtors-conference/) - LAGOS — As Nigeria’s property market enters a more volatile and competitive phase, Veritasi Homes Plc has issued a clarion call for real estate professionals to abandon traditional methods in favor of digital-first, data-driven strategies. The firm’s recent advocacy follows the successful conclusion of the 5th Veritasi Realtors Conference (VRC), held in collaboration with the
- [Defending the Legacy: Why Nigerian Family Businesses Must Professionalize or Perish](https://www.naijapreneur.com/defending-the-legacy-why-nigerian-family-businesses-must-professionalize-or-perish/) - LAGOS — For centuries, the world’s most enduring brands—from the 180-year-old French house of Hermès to India’s global giant Tata Group—have shared a singular secret to longevity: they stopped acting like "families" and started acting like "institutions." As Nigeria prepares for the Third International Family Business Conference (IFBC 2026) on March 26, research from the
- [Tax Reform Architect: Tinubu Meets Oyedele to Scale Nigeria’s Fiscal Transformation](https://www.naijapreneur.com/tax-reform-architect-tinubu-meets-oyedele-to-scale-nigerias-fiscal-transformation/) - ABUJA — President Bola Ahmed Tinubu held a high-level strategic meeting on Monday with the Minister of State for Finance-designate, Taiwo Oyedele, at the State House. The audience signals a transition from policy design to aggressive implementation as the administration moves to modernize Nigeria’s "leaky" revenue framework and eliminate the long-standing burden of multiple taxation.
- [The Engine of the Street: How Moniepoint is Rewiring Nigeria’s Retail Economy](https://www.naijapreneur.com/the-engine-of-the-street-how-moniepoint-is-rewiring-nigerias-retail-economy/) - LAGOS — From the sprawling open-air markets of Kano to the frantic roadside stalls of Lagos, a small blue-and-white device has become the most powerful tool in the hands of the Nigerian trader. Moniepoint Inc., founded in 2015 by Tosin Eniolorunda and Felix Ike, has transitioned from a backend software startup into the primary financial
- [IWD 2026: Meet 26 Nigerian Women Entrepreneurs Building the Future](https://www.naijapreneur.com/iwd-2026-meet-26-nigerian-women-entrepreneurs-building-the-future/) - This year, naijapreneur.com set out to identify 26 Nigerian women entrepreneurs who are not merely surviving the current economic climate but thriving within it.
- [NYSC Expands 2026 Mobilization with 50,000 New Slots and Enhanced Welfare](https://www.naijapreneur.com/nysc-expands-2026-mobilization-with-50000-new-slots-and-enhanced-welfare/) - ABUJA — The National Youth Service Corps (NYSC) is set for a significant expansion in 2026, with the Federal Government officially approving an additional 50,000 slots for the upcoming service year. Brigadier General Olakunle Nafiu, the NYSC Director-General, announced the development during the unveiling of a modernized clinic at the scheme’s National Directorate Headquarters. The
- ["When Women Rise, Nigeria Rises": President Tinubu Marks International Women’s Day with Call for Empowerment](https://www.naijapreneur.com/when-women-rise-nigeria-rises-president-tinubu-marks-international-womens-day-with-call-for-empowerment/) - ABUJA — In a stirring tribute to mark International Women’s Day, President Bola Ahmed Tinubu has lauded the "indomitable spirit" of Nigerian women, describing them as the foundational strength holding the fabric of the nation together. In a personal message released Sunday, the President celebrated the diverse contributions of women across all sectors—from the rural
- [Nigeria Moves to End "Stranded Power" with New Grid Asset Management Company (GAMCO)](https://www.naijapreneur.com/nigeria-moves-to-end-stranded-power-with-new-grid-asset-management-company-gamco/) - ABUJA — In a major push to overhaul Nigeria’s struggling energy sector, President Bola Ahmed Tinubu has officially inaugurated an 11-member committee to oversee the establishment of the Grid Asset Management Company Limited (GAMCO). The new entity is designed to be a "quick-fix" solution to the country’s chronic transmission failures and the problem of "stranded
- [Global Conflict Triggers New Surge in Nigerian Petrol Prices](https://www.naijapreneur.com/global-conflict-triggers-new-surge-in-nigerian-petrol-prices/) - ABUJA — Fuel prices across Nigeria’s capital have surged once again, with major filling stations in Abuja crossing the N1,100 per litre mark this Sunday. This latest spike follows a rapid sequence of adjustments triggered by escalating geopolitical tensions in the Middle East. Investigations across the city revealed that prominent outlets, including NNPC and Conoil
- [Nigeria’s EV Revolution: SAGLEV and Dongfeng Lead the Charge Toward Affordable E-Mobility](https://www.naijapreneur.com/nigerias-ev-revolution-saglev-and-dongfeng-lead-the-charge-toward-affordable-e-mobility/) - LAGOS — As fuel prices continue to squeeze Nigerian households and businesses, a quiet industrial shift is taking place in the outskirts of Lagos. SAGLEV, a homegrown electric vehicle (EV) assembler, has emerged as a key player in the nation’s transition away from fossil fuels through a strategic partnership with Chinese automotive giant Dongfeng. The
- [Retail Crisis: Nigeria’s Mall Economy Reels from Shoprite’s Nationwide Collapse](https://www.naijapreneur.com/retail-crisis-nigerias-mall-economy-reels-from-shoprites-nationwide-collapse/) - LAGOS — Nigeria’s organized retail sector is facing its most significant crisis in decades following the total shutdown of Shoprite, the South African-born giant that defined the country’s modern shopping experience for 20 years. The collapse has sent shockwaves through the national "mall economy," with analysts estimating a staggering N1.4 trillion loss in value. The
- ["A Complete Mess": Pat Utomi Laments Nigeria’s Leadership Gap via Egypt Comparison](https://www.naijapreneur.com/a-complete-mess-pat-utomi-laments-nigerias-leadership-gap-via-egypt-comparison/) - LAGOS — Renowned political economist and ADC chieftain, Professor Pat Utomi, has issued a scathing assessment of Nigeria’s current trajectory, describing the nation’s state as a "complete mess" fueled by systemic corruption and a breakdown in public trust. In a recent dialogue with Vanguard, Utomi drew a sharp, uncomfortable contrast between Nigeria’s stagnation and Egypt’s
- [From OAU to Helsinki: How Omolara Odediran is Exporting the "Aso-Ebi" Magic to the Nordics](https://www.naijapreneur.com/from-oau-to-helsinki-how-omolara-odediran-is-exporting-the-aso-ebi-magic-to-the-nordics/) - HELSINKI — In a region known for its minimalist "Scandi" aesthetic, Nigerian fashion entrepreneur Omolara Odediran is painting the Finnish landscape with the vibrant hues of African heritage. Through her brainchild, the Afrikan Wedding Fair Finland (AWFF), Odediran has successfully carved out a high-value niche for African creatives in one of Europe’s most discerning markets.
- [Nigeria Unveils N250 Billion Agricultural Boost to Anchor Food Security](https://www.naijapreneur.com/nigeria-unveils-n250-billion-agricultural-boost-to-anchor-food-security/) - ABUJA — The Federal Government has announced a fresh N250 billion intervention facility aimed at transforming Nigeria’s agricultural landscape. Agriculture Minister Abubakar Kyari revealed that the funding is strategically designed to drive mechanization, enhance food production, and provide a financial safety net for the nation’s farmers. The initiative marks a significant step in the administration’s
- [The Recovery Roadmap: How Nigeria is Moving from Stability to Prosperity](https://www.naijapreneur.com/the-recovery-roadmap-how-nigeria-is-moving-from-stability-to-prosperity/) - After three years of economic "gyration," Nigeria is finally seeing a glimmer of stability. But as Ola Olabinjo, CEO of Skystone Finance, points out, "stability" is just the foundation—the real challenge is turning those numbers into better lives for everyday Nigerians. 1. The "Big Pivot": Reforms and Their Price Tag Nigeria’s macroeconomic shift has been
- [The Illusion of Numbers: Why Aisha Yesufu Thinks the 2027 Race is Already Over](https://www.naijapreneur.com/the-illusion-of-numbers-why-aisha-yesufu-thinks-the-2027-race-is-already-over/) - Is a collection of powerful allies enough to secure a presidency? According to activist Aisha Yesufu, the answer is a resounding "no." In a recent appearance on Channels Television, Yesufu delivered a blunt forecast for the next general election: President Bola Tinubu has already lost his grip on 2027. Her argument isn't based on policy
- [89 Years of History: President Tinubu Honors the "Grand Architect" of Nigerian Democracy](https://www.naijapreneur.com/89-years-of-history-president-tinubu-honors-the-grand-architect-of-nigerian-democracy/) - It isn’t every day that a sitting president stops to salute a predecessor, but for the 89th birthday of Chief Olusegun Obasanjo, President Bola Tinubu did exactly that. In a message that read more like a history lesson than a simple greeting, Tinubu painted a picture of a man whose life is inextricably woven into
- [The Global "Oil Storm": Why Dangote Petrol Just Jumped N100](https://www.naijapreneur.com/the-global-oil-storm-why-dangote-petrol-just-jumped-n100/) - If you noticed a sudden spike at the gas station this week, you aren't alone. The Dangote Refinery has officially raised its wholesale (ex-depot) price by N100—about a 12% increase—bringing the rate from N774 to N874 per litre. While the change feels sudden, the cause is thousands of miles away. The Middle East Connection The
- [The Tech Catalyst: How a Port Harcourt Start-up is Modernizing African Business](https://www.naijapreneur.com/the-tech-catalyst-how-a-port-harcourt-start-up-is-modernizing-african-business/) - In the bustling tech scene of Port Harcourt, a new player is proving that high-end Artificial Intelligence isn't just for Silicon Valley. Founded in 2024 by Nnaemeka Ugwumba, Laskenta Technologie Limited has emerged with a clear mission: to dismantle the barriers keeping local businesses in the "analog" age. The "All-In-One" Digital Architect Laskenta doesn't just
- [Katsina’s ₦27 Million Boost: Small Businesses Get a Lifeline](https://www.naijapreneur.com/katsinas-₦27-million-boost-small-businesses-get-a-lifeline/) - In a move to strengthen the very bottom of the economic ladder, the Katsina State Government has infused ₦27.85 million directly into the hands of local entrepreneurs. This isn’t just a high-level budget figure; it is a targeted "Nano Grant" designed to keep the smallest of shops and services afloat during tough times. The Power
- [From Vision to Billion-Naira Reality: The Rise of Irvin Global in Lagos](https://www.naijapreneur.com/from-vision-to-billion-naira-reality-the-rise-of-irvin-global-in-lagos/) - In Nigeria’s fast-moving financial world, a "finance house" is often just a building. But for Irvin Global and Investment Group, the recent launch of two major branches in Lagos—one in the commercial heartbeat of Allen Avenue, Ikeja, and the other on the prestigious Adeola Odeku, Victoria Island—is a statement of intent. Led by Dr. Nwangwa
- [The 42-Year Sleep: Can $2 Billion Finally Wake Nigeria’s Steel Giant?](https://www.naijapreneur.com/the-42-year-sleep-can-2-billion-finally-wake-nigerias-steel-giant/) - For over four decades, the Ajaokuta Steel Company has been less of a factory and more of a monument to missed opportunities. Built in 1984 but stalled by legal wars and bad policy, the massive complex has sat largely silent—until now. A fresh $2 billion partnership with Chinese investors is aiming to do what decades
- [The $1.3 Billion "Ghost" Field Finally Wakes Up](https://www.naijapreneur.com/the-1-3-billion-ghost-field-finally-wakes-up/) - For nearly thirty years, one of the richest oil deposits off the coast of Africa sat silent—not because it was empty, but because it was haunted by one of the most complex legal battles in the history of energy. Now, Nigeria is finally turning the key to unlock it. In a strategic move to bypass
- [Japada-preneurs: 6 Nigerian Entrepreneurs Who Returned Home to Build Great Businesses](https://www.naijapreneur.com/japada-preneurs-6-nigerian-entrepreneurs-who-returned-home-to-build-great-businesses/) - The term "Japada" is a Nigerian slang from the Yoruba tribe that simply means; returnee. So 'Japada-Preneurs' are simply returnee Nigerian entrepreneurs. They are Nigerians based abroad who took the unusual decision to return back home in pursuit of their entrepreneurial journey. The decision to leave the comfort of stable jobs, high salaries, and developed
- [Top 10 Private Security Companies In Nigeria (2026)](https://www.naijapreneur.com/top-10-private-security-companies-in-nigeria-2026/) - This is a naijapreneur.com Spotlight Feature. Explore our rigorously researched assessment of top 10 private security companies in Nigeria for year 2026.
- [Broad-Based Recovery: Nigeria’s Business Confidence Hits 13-Month High](https://www.naijapreneur.com/broad-based-recovery-nigerias-business-confidence-hits-13-month-high/) - In a major sign that the "acceleration phase" of the Nigerian economy is gaining traction, the Nigerian Economic Summit Group (NESG) reported on March 4, 2026, that business confidence has surged to its highest level in over a year. The Business Confidence Monitor (BCM) climbed to 117.2 points in February 2026, up significantly from 105.8
- [Bridging the "Opportunity Crisis": American Open University Nigeria Launches SKILL Scholarship](https://www.naijapreneur.com/bridging-the-opportunity-crisis-american-open-university-nigeria-launches-skill-scholarship/) - In a strategic move to democratize tech education, the American Open University Nigeria (A-Global) has unveiled the SKILL Scholarship (Scholarships for Knowledge, Innovation, Leadership, and Learning). Announced in Ibadan on March 4, 2026, the merit-based financial aid scheme is designed to dismantle financial barriers for disadvantaged students aiming to enter the global digital economy. The
- [Strengthening Public Trust: Nigeria Deploys Upgraded "ReportGov" Kiosks at Major Airports](https://www.naijapreneur.com/strengthening-public-trust-nigeria-deploys-upgraded-reportgov-kiosks-at-major-airports/) - In a major move to institutionalize transparency, the Federal Government of Nigeria officially reactivated and upgraded its ReportGov feedback system on February 24, 2026. This initiative, a partnership between the Presidential Enabling Business Environment Council (PEBEC) and the Federal Airports Authority of Nigeria (FAAN), introduced physical, 24/7 self-service kiosks at high-traffic international gateways to capture
- [Historic Trade Reform: Nigeria to Launch National Single Window (NSW) on March 27](https://www.naijapreneur.com/historic-trade-reform-nigeria-to-launch-national-single-window-nsw-on-march-27/) - In a definitive move toward trade modernization, the Federal Government of Nigeria has confirmed that the first phase of the National Single Window (NSW) will "go live" on March 27, 2026. Announced by the Chief of Staff to the President, Hon. Femi Gbajabiamila, during a high-level stakeholders' meeting at the State House, the platform is
- [From Websites to Operating Systems: The Digital Transformation of Nigerian SMEs](https://www.naijapreneur.com/from-websites-to-operating-systems-the-digital-transformation-of-nigerian-smes/) - Small web development firms in Nigeria are experiencing a surge in demand as Small and Medium Enterprises (SMEs) pivot from informal "survivalist" business models to structured, system-based management. Driven by the 2026 economic climate—characterized by currency fluctuations and rising operational costs—business owners are no longer asking for simple websites; they are demanding integrated business platforms.
- [Data as Credibility: Prof. Taiwo Oyedele’s Blueprint for Tax-Enabled Growth](https://www.naijapreneur.com/data-as-credibility-prof-taiwo-oyedeles-blueprint-for-tax-enabled-growth/) - In a landmark address to young entrepreneurs on March 4, 2026, Prof. Taiwo Oyedele, the newly nominated Minister of State for Finance and Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, underscored a vital shift in Nigeria's economic landscape. Speaking at the graduation of 6,000 tech-enabled entrepreneurs from the MTN Foundation ICT
- [The New Frontier: Nigeria Greenlights $1 Trillion Space Economy Ambitions](https://www.naijapreneur.com/the-new-frontier-nigeria-greenlights-1-trillion-space-economy-ambitions/) - In a historic session of the National Space Council on March 3, 2026, President Bola Tinubu signaled Nigeria's intent to transition from a "space observer" to a global competitor. Represented by Vice President Kashim Shettima, the President directed the immediate release of funds to maintain Nigeria's existing space assets and approved the operationalization of a
- [Cultivating the Future: The AYuTe Africa Challenge Nigeria 2026](https://www.naijapreneur.com/cultivating-the-future-the-ayute-africa-challenge-nigeria-2026/) - As Nigeria pushes toward a $1 trillion economy and prioritizes food security through "Bolaeconometrics," the AYuTe Africa Challenge Nigeria has emerged as a premier catalyst for agricultural transformation. This three-month intensive competition targets the intersection of Agriculture, Youth, and Technology, providing a $40,000 prize pool to scale solutions that empower smallholder farmers. The Prize:
- [Green Gold: Nigeria Eyes $104 Billion Climate-Smart Market via New Climate Bank](https://www.naijapreneur.com/green-gold-nigeria-eyes-104-billion-climate-smart-market-via-new-climate-bank/) - In a major push for sustainable finance, the House of Representatives Committee on Renewable Energy has voiced strong support for the establishment of the Green and Climate Bank of Nigeria. Speaking on March 4, 2026, Committee Chairman Afam Victor Ogene revealed that International Finance Corporation (IFC) data positions Nigeria as a $104 billion climate-smart investment
- [Strengthening the Circular Economy: Polysmart Packaging Secures $5M Equity for rPET Expansion](https://www.naijapreneur.com/strengthening-the-circular-economy-polysmart-packaging-secures-5m-equity-for-rpet-expansion/) - In a significant move for Nigeria’s industrial sustainability sector, Polysmart Packaging Group has successfully closed a $5 million equity placement. The transaction, announced on March 3, 2026, was facilitated by Verdant Capital, acting as the exclusive financial adviser through its investment banking arm, Verdant IMAP. The capital, sourced from a private Africa-focused investor, is earmarked
- [The Trust Deficit: Why Payment "Friction" is the Secret to African Ecommerce](https://www.naijapreneur.com/the-trust-deficit-why-payment-friction-is-the-secret-to-african-ecommerce/) - In much of the world, a "frictionless" checkout is the gold standard. In Africa, however, friction is often a feature, not a bug. For the "cautious consumer"—a term popularized by McKinsey & Company—ecommerce is not just a transaction; it is a leap of faith that requires manual verification and conversational proof. Conversational Commerce: WhatsApp as
- [The Legacy of Prince Samuel Adedoyin: A Pillar of Nigerian Industrialization](https://www.naijapreneur.com/the-legacy-of-prince-samuel-adedoyin-a-pillar-of-nigerian-industrialization/) - The story of Dr. Samuel Adedoyin is one of the most compelling narratives in African entrepreneurship. From humble beginnings as a trader in Ghana to founding the Doyin Group of Companies, Adedoyin’s journey is a masterclass in resilience, backward integration, and the power of indigenous enterprise. As a wholly Nigerian-owned conglomerate, his life’s work stands
- [Trust as Infrastructure: Friimarket Launches to De-Risk China–Nigeria Trade](https://www.naijapreneur.com/trust-as-infrastructure-friimarket-launches-to-de-risk-china-nigeria-trade/) - The Nigerian entrepreneurial landscape has long been hindered by a "trust gap" in international commerce. To address this, FriiPro Ltd has launched Friimarket, a specialized trade infrastructure platform designed to secure cross-border transactions for Small and Medium Enterprises (SMEs), with a primary focus on the high-volume China–Nigeria trade corridor. Launched on February 28, 2026, in
- [Strengthening Sovereignty: Nigeria’s Net Foreign Reserves Surge 772% Under Reform Agenda](https://www.naijapreneur.com/strengthening-sovereignty-nigerias-net-foreign-reserves-surge-772-under-reform-agenda/) - In a landmark update on Nigeria’s fiscal health, Central Bank Governor Olayemi Cardoso revealed that the nation’s net foreign exchange reserves surged from $3.99 billion at the end of 2023 to $34.80 billion by the close of 2025. This 772% increase marks a pivotal turnaround for an economy that has spent years navigating dollar illiquidity
- [Nigeria Becomes M-KOPA’s Fastest-Growing Market: ₦230 Billion in Credit Unlocked](https://www.naijapreneur.com/nigeria-becomes-m-kopas-fastest-growing-market-₦230-billion-in-credit-unlocked/) - Nigeria has officially become the primary growth engine for M-KOPA, with the fintech platform unlocking over ₦230 billion in credit for more than one million customers. According to the company's inaugural Nigeria Impact Report, the country is the quickest market in M-KOPA’s history to reach this financial milestone, highlighting a massive demand for smartphone financing
- [Teerus MFB Enters Nigerian Market: CBN Grants Licence to New Financial Inclusion Player](https://www.naijapreneur.com/teerus-mfb-enters-nigerian-market-cbn-grants-licence-to-new-financial-inclusion-player/) - The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has officially granted an operating licence to Teerus Microfinance Bank Limited. Announced on March 2, 2026, this regulatory approval marks the entry of a new player dedicated to bridging the financial gap for individuals, SMEs, and underserved populations across Nigeria. A Vision
- [Global Visibility: Dr. Omo Ogbamola Wins the Women of Rubies Media Pitch Challenge 2026](https://www.naijapreneur.com/global-visibility-dr-omo-ogbamola-wins-the-women-of-rubies-media-pitch-challenge-2026/) - In a significant milestone for immigrant-led entrepreneurship, Dr. Omo Ogbamola has been crowned the winner of the Women of Rubies Media Pitch Challenge 2026. As the Founder and CEO of Tripplemos Food Processing Company, Dr. Ogbamola emerged as the top choice among five finalists, recognized for her success in scaling authentic African culinary products within
- [The Architect of Indigenous Industry: The Enduring Legacy of Chief Razaq Okoya](https://www.naijapreneur.com/the-architect-of-indigenous-industry-the-enduring-legacy-of-chief-razaq-okoya/) - In the history of Nigerian commerce, few names command as much respect as Chief Razaq Okoya. A man who transitioned from a modest trader to a manufacturing titan, Okoya’s journey with the Eleganza Group serves as a definitive blueprint for building a multi-generational indigenous empire. At a time when many focused on the quick returns
- [The Ecosystem Architect: How Amanda Etuk is Scaling Africa’s "Messy Middle"](https://www.naijapreneur.com/the-ecosystem-architect-how-amanda-etuk-is-scaling-africas-messy-middle/) - In the high-stakes world of Nigerian venture capital and logistics, Amanda Etuk has transitioned from a hands-on operator to a strategic "ecosystem architect." From solving last-mile delivery failures to managing multi-million dollar catalytic funds, Etuk’s journey reflects the maturation of the African startup landscape—moving beyond initial hype toward sustainable, infrastructure-led growth. From Pharmacy to Logistics:
- [Empowering the Next Wave: A Guide to the Plus Factor Grant and YouthCred Funding Opportunities](https://www.naijapreneur.com/empowering-the-next-wave-a-guide-to-the-plus-factor-grant-and-youthcred-funding-opportunities/) - Nigeria’s entrepreneurial ecosystem is receiving a significant boost with the launch of two distinct funding initiatives: the Plus Factor Grant Program and the federal YouthCred loan scheme. These programs are designed to transition small businesses from potential to performance by providing a combination of non-dilutive capital and accessible credit. The Plus Factor Grant Program: More
- [The Financing Paradox: Why Record Development Lending is Failing to Reach Nigeria’s 40 Million SMEs](https://www.naijapreneur.com/the-financing-paradox-why-record-development-lending-is-failing-to-reach-nigerias-40-million-smes/) - Despite a landmark year for development finance, Nigeria’s small and medium-sized enterprises (SMEs) are facing a deepening credit crunch. While the Bank of Industry (BOI) reported its largest-ever annual disbursement of N636 billion in 2025, industry stakeholders warn that the vast majority of the nation’s 40 million small businesses remain effectively sidelined from the formal
- [Expanding Horizons: NEPC Urges SMEs to Leverage AfCFTA for Continental Export Growth](https://www.naijapreneur.com/expanding-horizons-nepc-urges-smes-to-leverage-afcfta-for-continental-export-growth/) - The Nigerian Export Promotion Council (NEPC) has issued a strategic call to action for local exporters and Small and Medium Enterprises (SMEs) to pivot toward the African Continental Free Trade Area (AfCFTA). During a specialized workshop in Ondo State, the Council emphasized that the trade pact serves as a vital catalyst for economic diversification, offering
- [Strengthening the Rhine-Niger Corridor: Germany’s Rheinland-Pfalz State Targets West African Expansion](https://www.naijapreneur.com/strengthening-the-rhine-niger-corridor-germanys-rheinland-pfalz-state-targets-west-african-expansion/) - Germany has reaffirmed its strategic commitment to the Nigerian market, with a high-level delegation from the State of Rheinland-Pfalz arriving in Lagos to explore new frontiers in trade and industrial cooperation. Led by the German Consul General, Mr. Daniel Krull, and Dr. Joe Weingarten of the Ministry of Economic Affairs, the visit signals a shift
- [Streamlining Innovation: House of Representatives Debates the Creation of the Nigerian Fintech Regulatory Commission](https://www.naijapreneur.com/streamlining-innovation-house-of-representatives-debates-the-creation-of-the-nigerian-fintech-regulatory-commission/) - The Nigerian House of Representatives has commenced a pivotal public hearing on House Bill 2389, which seeks to establish the Nigerian Fintech Regulatory Commission (NFRC). The proposed legislation aims to transition Nigeria from a fragmented, multi-regulatory oversight model to a coordinated "one-stop" framework, positioning the nation as Africa's premier financial technology hub. The Case for
- [Driving the Future: Oluwatobi Ajayi and the Industrial Evolution of Nord Automobiles](https://www.naijapreneur.com/driving-the-future-oluwatobi-ajayi-and-the-industrial-evolution-of-nord-automobiles/) - Nigeria’s quest for automotive self-reliance has found a definitive leader in Oluwatobi Ajayi, the Founder and CEO of Nord Automobiles Limited. As an innovator and visionary, Ajayi has successfully transitioned from managing global luxury brands to building a premium indigenous automotive powerhouse. His work, characterized by technical mastery and a commitment to local manufacturing, positions
- [The MVNO Advantage: Lebara Nigeria’s Strategic Entry into the Telecommunications Market](https://www.naijapreneur.com/the-mvno-advantage-lebara-nigerias-strategic-entry-into-the-telecommunications-market/) - The Nigerian telecommunications landscape is witnessing a structural shift with the entry of Lebara, a global player operating as a Mobile Virtual Network Operator (MVNO). Unlike traditional Mobile Network Operators (MNOs) that require massive capital investment in physical assets like cell towers, Lebara’s "asset-light" model allows for a more agile, customer-centric approach to digital connectivity.
- [Presidential Endorsement: Lebara Nigeria’s Launch Signals Rising Investor Confidence and Digital Growth](https://www.naijapreneur.com/presidential-endorsement-lebara-nigerias-launch-signals-rising-investor-confidence-and-digital-growth/) - In a formal statement released by the Presidency, President Bola Tinubu has hailed the entry of Lebara Nigeria into the telecommunications market as a significant milestone for the nation's digital economy. The President characterized the investment as a clear indicator of the success of his administration’s economic reforms and a testament to the growing confidence
- [Signals of Stability: Analyzing Nigeria’s Shifting Economic Indicators](https://www.naijapreneur.com/signals-of-stability-analyzing-nigerias-shifting-economic-indicators/) - The recent crossing of the $50 billion foreign reserve threshold, the steady appreciation of the Naira, and the introduction of a new tax regime are more than mere technical updates. They serve as critical signals to the global market. After years of currency volatility and inflationary pressure, the Nigerian economic narrative is transitioning from a
- [Geopolitical Conflict and the Cawthorne Launch: A Strategic Pivot for Nigeria’s Oil Revenues](https://www.naijapreneur.com/geopolitical-conflict-and-the-cawthorne-launch-a-strategic-pivot-for-nigerias-oil-revenues/) - The escalating military conflict between the United States, Israel, and Iran has sent Brent crude—the benchmark for Nigerian oil—to a seven-month high, approaching $80 per barrel. For Nigeria, this geopolitical volatility coincides with a critical operational milestone: the debut of Cawthorne, a new light, sweet crude grade. This alignment of high global prices and expanded
- [March 2026 Nigeria Business Events Roundup](https://www.naijapreneur.com/march-2026-nigeria-business-events-roundup/) - Welcome to March 2026 Nigeria Business Events Roundup! Below are the list of the top Business Events happening this month of March in Nigeria. March 2026 Nigeria Business Events Roundup 1. 2026 HFN Annual Conference We are excited to announce the 2026 Healthcare Federation of Nigeria (HFN) Annual Conference, happening The HFN Annual Conference remains
- [The Future of the Naira: Expert Predictions and the Path to N1000/$](https://www.naijapreneur.com/the-future-of-the-naira-expert-predictions-and-the-path-to-n1000/) - Most Nigerians want a strong and stable currency, and recent predictions suggest this wish might soon come true. Top leaders and business moguls, including President Bola Tinubu, Aliko Dangote, and Femi Otedola, are optimistic about the Naira’s recovery. They believe the exchange rate, currently between N1300 and N1400, could improve to around N1000 per Dollar
- [Strengthening Global Agribusiness: Flour Mills of Nigeria Bolsters Nigeria-France Economic Ties](https://www.naijapreneur.com/strengthening-global-agribusiness-flour-mills-of-nigeria-bolsters-nigeria-france-economic-ties/) - Flour Mills of Nigeria (FMN) has further solidified bilateral economic relations between Nigeria and France through its high-level participation in the 62nd Paris International Agricultural Show (Salon International de l’Agriculture). As a leading pan-African food and agro-allied group, FMN’s involvement in this prestigious event—held from February 21 to March 1, 2026—underscores its commitment to international
- [From Tradition to Infrastructure: ATPN Launches the National Youth Cultural Initiative](https://www.naijapreneur.com/from-tradition-to-infrastructure-atpn-launches-the-national-youth-cultural-initiative/) - The Association of Tourism Practitioners of Nigeria (ATPN) has unveiled the National Youth Cultural Initiative, marking a significant transition in how the country approaches its creative assets. Led by ATPN President Mr. Femi Fadina, the initiative aims to shift the cultural sector from informal, celebratory engagement toward a model of institutionalized cultural entrepreneurship. A Strategic
- [Bridging the Opportunity Gap: A Strategic Blueprint for Empowering Nigerian Female Entrepreneurs](https://www.naijapreneur.com/bridging-the-opportunity-gap-a-strategic-blueprint-for-empowering-nigerian-female-entrepreneurs/) - In the Nigerian economic landscape, the primary obstacle for female entrepreneurs is not a lack of capacity, but a deficit of opportunity. While women-led businesses demonstrate immense potential, they are frequently hindered by systemic barriers—ranging from a lack of traditional collateral to the "double burden" of disproportionate caregiving responsibilities. Navigating these challenges requires a sophisticated
- [Critical Gas Shortages and Mounting Debt: The Growing Crisis Facing Nigeria’s Power Grid](https://www.naijapreneur.com/critical-gas-shortages-and-mounting-debt-the-growing-crisis-facing-nigerias-power-grid/) - The Nigerian power sector is currently grappling with a severe supply crisis, as national generation has plummeted to approximately 4,300 megawatts. This decline has compelled the Nigerian Independent System Operator (NISO) to implement widespread load shedding—a strategic reduction in electricity supply—to prevent a total collapse of the national grid. By limiting the allocations provided to
- [Redefining Nigerian Real Estate: The Visionary Leadership of Archbishop Onyeka Joseph Nzekwesi](https://www.naijapreneur.com/redefining-nigerian-real-estate-the-visionary-leadership-of-archbishop-onyeka-joseph-nzekwesi/) - Nigeria is currently facing a formidable housing crisis, characterized by an estimated deficit exceeding 17 million units. This shortfall—driven by rapid urbanization, high net migration, and consistent population growth—has left a significant portion of the citizenry struggling with exorbitant rents and substandard living conditions. Addressing a challenge of this magnitude requires more than just capital;
- [Empowering Nigerian Innovation: A Strategic Look at the Ashpot Startup Incubator](https://www.naijapreneur.com/empowering-nigerian-innovation-a-strategic-look-at-the-ashpot-startup-incubator/) - The Ashpot Startup Incubator has launched a comprehensive call for Nigerian entrepreneurs, offering a structured pathway to transition from conceptualization to commercial viability. By synthesizing high-level mentorship with strategic seed funding, the program serves as a critical catalyst for early-stage ventures looking to navigate the complexities of the Nigerian business landscape. Program Architecture and Value
- [Geopolitical Volatility and the Nigerian Economy: Assessing the $1.3 Billion Windfall Against Rising Domestic Inflation](https://www.naijapreneur.com/geopolitical-volatility-and-the-nigerian-economy-assessing-the-1-3-billion-windfall-against-rising-domestic-inflation/) - The escalating conflict in the Middle East, characterized by unprecedented tensions surrounding the Strait of Hormuz, has placed the global energy market on high alert. For Nigeria, this geopolitical instability presents a complex "double-edged sword" scenario. While a potential surge in crude prices toward the $100–$150 per barrel range could yield a fiscal windfall of
- [Engineering Excellence: How Wellmann Group is Scaling African Logistics through Technical Innovation](https://www.naijapreneur.com/engineering-excellence-how-wellmann-group-is-scaling-african-logistics-through-technical-innovation/) - In the capital-intensive sectors of marine logistics and heavy transportation, operational success is defined by technical precision and the mitigation of "interface risks." Leading this industrial evolution is Deacon Chris Iyovwaye, Chairman and CEO of Wellmann Group. Under his stewardship, the organization has transitioned from a specialized service provider into an integrated logistics titan, recognized
- [Logistics Under Fire: Alerzo’s Debt Crisis and the Asset-Heavy Dilemma](https://www.naijapreneur.com/logistics-under-fire-alerzos-debt-crisis-and-the-asset-heavy-dilemma/) - LAGOS/IBADAN — The legal battle between Alerzo and Moniepoint has entered a critical phase, exposing the fragility of Nigeria's B2B e-commerce sector. Following a Mareva injunction granted by the Federal High Court in Lagos, Alerzo’s accounts remain frozen as it struggles to resolve a ₦4.38 billion debt (as of Dec 2025). This crisis highlights a
- [The Afro-Atlantic Axis: Nigeria and Brazil Forge New South-South Corridor](https://www.naijapreneur.com/the-afro-atlantic-axis-nigeria-and-brazil-forge-new-south-south-corridor/) - SÃO PAULO / LAGOS — As geopolitical shifts redefine global commerce in 2026, a strategic recalibration is underway between Africa’s and Latin America’s largest economies. At the forefront of this movement is the Nigerians in Diaspora Organisation Americas (NIDOA) – Brazil chapter, which is transforming historical Afro-Atlantic ties into a modern economic bridge focused on
- [Bridge to the Southeast: Governor Otti Convenes "Abia Business Roundtable"](https://www.naijapreneur.com/bridge-to-the-southeast-governor-otti-convenes-abia-business-roundtable/) - UMUAHIA — In a strategic move to reposition Abia State as a premier investment destination, the state government has announced the "Government Meets Business: Abia Business Roundtable." Scheduled for March 5, 2026, at the International Conference Centre in Umuahia, the summit will be presided over by Governor Alex Otti, marking a significant shift toward institutionalizing
- [Beyond Consumption: The Case for Co-Owning Nigeria’s "Missing Middle"](https://www.naijapreneur.com/beyond-consumption-the-case-for-co-owning-nigerias-missing-middle/) - LAGOS — A walk through a modern Nigerian supermarket like Prince Ebeano reveals a striking economic paradox: while the shelves are filled with imported brands funded by Nigerian consumers, the very retail chains and local manufacturers driving that commerce often lack a mainstream pathway for those same consumers to become co-owners. As Nigeria’s market capitalization
- [From Resource-Based to Export-Led: NEXIM's N179.79bn Non-Oil Push](https://www.naijapreneur.com/from-resource-based-to-export-led-nexims-n179-79bn-non-oil-push/) - ABUJA — The Nigerian Export-Import Bank (NEXIM) has revealed that it disbursed N179.79 billion to Nigerian exporters in 2025. Speaking at the 2025 Annual General Meeting (AGM) of the Finance Correspondents Association of Nigeria (FICAN) on Wednesday, February 26, 2026, Managing Director Abubakar Bello described the funding as a "call to arms" to actualize President
- [Digital Bottleneck: ASBON Raises Alarm Over Tax ProMax Portal Inefficiencies](https://www.naijapreneur.com/digital-bottleneck-asbon-raises-alarm-over-tax-promax-portal-inefficiencies/) - LAGOS — The Association of Small Business Owners in Nigeria (ASBON) has called on the Nigeria Revenue Service (NRS) to urgently overhaul its Tax ProMax portal, labeling the digital platform a significant "burden" to the country’s Small and Medium Enterprises (SMEs). Despite being designed to simplify the filing of tax identification numbers, revenue data, and
- [Export-First: NESG Challenges Entrepreneurs to Lead Nigeria’s Economic Rebirth](https://www.naijapreneur.com/export-first-nesg-challenges-entrepreneurs-to-lead-nigerias-economic-rebirth/) - At the 11th FATE Business Outlook & Annual General Meeting, the CEO of the Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju, delivered a high-stakes mandate to the nation’s business leaders: shift from a mindset of local survival to one of global production. With the theme "The Good, The Bad & The Opportunities," the summit
- [Scaling with SIA: $10,000 Grant Opportunity for Nigerian Startups](https://www.naijapreneur.com/scaling-with-sia-10000-grant-opportunity-for-nigerian-startups/) - LAGOS — The Sola and Ibukun Adeyinka (SIA) Foundation has officially opened applications for the third cohort of its SIA Startup Foundry. This intensive accelerator program is designed to bridge the structural and institutional gaps facing early-stage Nigerian entrepreneurs, offering six selected ventures the chance to share a $10,000 (over ₦13 million) grant pool. As
- [Double Honor UI: Twin Engineers Graduate with 15 Awards and a Tech Company](https://www.naijapreneur.com/double-honor-ui-twin-engineers-graduate-with-15-awards-and-a-tech-company/) - IBADAN — In a remarkable display of academic and entrepreneurial synergy, twin brothers Taiwo Samuel Isiaka and Kehinde Emmanuel Isiaka have graduated from the prestigious University of Ibadan (UI) with identical Second-Class Upper degrees in Electrical and Electronics Engineering. Their journey at UI was marked by more than just classroom excellence; the duo leaves the
- [A Royal Standard: Ooni of Ife’s Ojaja Pan Africa Redeems ₦9.2bn Commercial Paper](https://www.naijapreneur.com/a-royal-standard-ooni-of-ifes-ojaja-pan-africa-redeems-₦9-2bn-commercial-paper/) - LAGOS — In a move that has sent ripples through the Nigerian financial markets, Ojaja Pan Africa Limited, the conglomerate chaired by His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, has successfully redeemed its inaugural ₦9.2 billion Commercial Paper (CP) issuance. The seamless repayment—completed using internally generated resources—is being hailed as a masterclass in financial discipline,
- [The 2026 CBN Fintech Report; Defining The Future Of Fintech In Nigeria](https://www.naijapreneur.com/the-2026-cbn-fintech-report-defining-the-future-of-fintech-in-nigeria/) - Introduction The publication of the Fintech Report (the “Report”) by the Central Bank of Nigeria on February 2, 2026 represents a significant milestone in Nigeria’s fintech regulatory landscape. It is the first sector-wide review after the release of the Payment Systems Vision 2025 in 2022. The Report signifies a shift towards more coordinated regulation, simplified
- [Recapitalization In The Nigerian Banking Sector: Legal Considerations And Strategic Options](https://www.naijapreneur.com/recapitalization-in-the-nigerian-banking-sector-legal-considerations-and-strategic-options/) - Introduction The CBN in its March 28, 2024 circular announced an upward review of the minimum capital requirements for banks in Nigeria, mandating banks to raise their minimum paid-up capital by March 31, 2026 as follows: ₦500 billion for international commercial banks; ₦200 billion for national commercial banks; ₦50 billion for regional commercial banks; ₦50
- [Decoding The Insurance Reform Act: New Rules, New Realities for Intermediaries](https://www.naijapreneur.com/decoding-the-insurance-reform-act-new-rules-new-realities-for-intermediaries/) - Introduction On August 5, 2025, the Nigerian Insurance Industry Reform Act (the “Act”) was signed into law, reforming the regulatory framework for insurance companies and other entities providing services within the insurance industry. For intermediaries such as insurance agents, brokers, loss adjusters and other stakeholders the new Act seeks to streamline and reform their operational
- [The $549m Hemorrhage: Nigeria’s Medical Tourism Surge Hits Record High](https://www.naijapreneur.com/the-549m-hemorrhage-nigerias-medical-tourism-surge-hits-record-high/) - ABUJA — Despite repeated government pledges to achieve "health sovereignty," Nigeria’s healthcare sector is facing a crisis of confidence as foreign exchange (FX) outflows for medical travel surged to $549.29 million in the first nine months of 2025. This represents an 18% increase from the $465.67 million recorded during the same period in 2024, highlighting
- [Fueling the Nation: Dangote Refinery Set to Meet 100% of Nigeria’s Petrol Demand](https://www.naijapreneur.com/fueling-the-nation-dangote-refinery-set-to-meet-100-of-nigerias-petrol-demand/) - LAGOS — In a landmark development for Nigeria’s energy security, the Dangote Petroleum Refinery has finalized an offtake framework to supply up to 65 million litres of petrol daily to the domestic market. This volume not only covers Nigeria's estimated daily consumption of 50–60 million litres but also provides a surplus of 15–20 million litres
- [The "Acceleration" Phase: President Tinubu Eyes ₦1,000/$ and 2026 Growth](https://www.naijapreneur.com/the-acceleration-phase-president-tinubu-eyes-₦1000-and-2026-growth/) - ABUJA — President Bola Ahmed Tinubu has projected that the Naira will reach an exchange rate of ₦1,000 to the US Dollar "in weeks, not in months." Represented by Vice President Kashim Shettima at the Renewed Hope Ambassadors Summit on Tuesday, the President attributed this impending milestone to rigorous fiscal discipline and the "restoration of
- [Valuation Gap: Why Investors are Eyeing FCMB as a "Value Play" in 2026](https://www.naijapreneur.com/valuation-gap-why-investors-are-eyeing-fcmb-as-a-value-play-in-2026/) - LAGOS — As the Nigerian banking sector navigates a high-stakes recapitalization phase, FCMB Group has emerged as a focal point for investors seeking undervalued assets. As of February 23, 2026, FCMB shares are trading at ₦12.35, a significant 48% climb from its 52-week low of ₦8.35. Despite this rally, market analysts point to a "valuation
- [Hope vs. Shortcuts: Selar Commits ₦10m to Tackle Fraud Through Education](https://www.naijapreneur.com/hope-vs-shortcuts-selar-commits-₦10m-to-tackle-fraud-through-education/) - LAGOS — As the 2025/2026 academic session continues to place an unprecedented financial strain on Nigerian households, innovative e-commerce platform Selar has launched the third edition of its Smart Hustle Initiative. By committing ₦10 million in tuition support, the company aims to provide 150 students with a "legitimate path" to success, directly challenging the growing
- [Scaling Global Impact: IFC Launches Landmark $6 Billion Credit Insurance Facility](https://www.naijapreneur.com/scaling-global-impact-ifc-launches-landmark-6-billion-credit-insurance-facility/) - In a historic move to bridge the global financing gap for small businesses, the International Finance Corporation (IFC) has launched a $6 billion credit insurance facility. Announced on Tuesday, February 24, 2026, this partnership with 19 of the world’s leading insurers represents the largest capital mobilization under a single agreement in the IFC’s history. By
- [Grassroots Growth: Entourage Integrated Trust Expands to Four New States](https://www.naijapreneur.com/grassroots-growth-entourage-integrated-trust-expands-to-four-new-states/) - ABUJA — In a major push for financial inclusion in Northern Nigeria, Entourage Integrated Trust Limited has announced the expansion of its operations into Borno, Nasarawa, Taraba, and Kebbi states. This strategic move is designed to bridge the financing gap for Small and Medium-Scale Enterprises (SMEs) in regions where access to structured credit has historically
- [The "Access is Wealth" Strategy: Optiva Capital Unveils $2.4bn Grenada Pathway](https://www.naijapreneur.com/the-access-is-wealth-strategy-optiva-capital-unveils-2-4bn-grenada-pathway/) - LAGOS/ST. GEORGE'S — Optiva Capital Partners, Africa's leading investment-immigration firm, has announced a significant milestone in global mobility for African investors. The $2.4 billion Grenada National Resort, set to open in 2027, has reached its "topping-out" ceremony, signaling the transition from structural construction to final delivery. This project is not merely a luxury development; it
- [Empowerment in the South-South: Governor Eno Scales the "Arise" Agenda in Akwa Ibom](https://www.naijapreneur.com/empowerment-in-the-south-south-governor-eno-scales-the-arise-agenda-in-akwa-ibom/) - UYO — Governor Umo Eno has significantly expanded his administration’s economic footprint, distributing over 10,000 sets of equipment to 2,000 entrepreneurs under the Arise Entrepreneurial Equipment Support Scheme. The initiative, designed to bolster the local economy and foster a thriving middle class, marks one of the most substantial grassroots empowerment exercises in the state’s recent
- [The Digital Patriarch: Dr. Leo Stan Ekeh’s Platinum Milestone](https://www.naijapreneur.com/the-digital-patriarch-dr-leo-stan-ekehs-platinum-milestone/) - LAGOS — On Sunday, February 22, 2026, Nigeria’s technology landscape stood still as Dr. Leo Stan Ekeh, the visionary Chairman of Zinox Group, celebrated his 70th birthday. Known as Africa’s "Digital Torchbearer," Ekeh’s milestone was marked not with a lavish gala, but with a characteristically forward-looking ₦10 billion philanthropic gesture aimed at securing Nigeria’s tech
- [Closing the Gap: Nigeria’s Adeola Ayoola Named 2026 Aurora Tech Award Finalist](https://www.naijapreneur.com/closing-the-gap-nigerias-adeola-ayoola-named-2026-aurora-tech-award-finalist/) - SANTIAGO / LAGOS — Adeola Ayoola, the founder of the Nigerian healthtech platform Famasi, has been named one of the top 10 finalists for the 2026 Aurora Tech Award. Selected from a record-breaking pool of 3,400 applications across 127 countries, Ayoola will travel to Santiago, Chile, to pitch for funding and access to a global
- [Regulatory Hammer: NGX Imposes N540 Million in Fines for Reporting Defaults](https://www.naijapreneur.com/regulatory-hammer-ngx-imposes-n540-million-in-fines-for-reporting-defaults/) - LAGOS — The Nigerian Exchange Limited (NGX) has ramped up its enforcement of post-listing obligations, imposing a staggering N540.37 million in penalties on 34 listed companies for failing to file their financial statements on time. According to the latest X-Compliance Report from NGX Regulation Limited (NGX RegCo), the sanctions cover defaults in both Audited Annual
- [The Trillion-Naira Titans: Inside Nigeria’s 10 Most Valuable Companies](https://www.naijapreneur.com/the-trillion-naira-titans-inside-nigerias-10-most-valuable-companies/) - LAGOS — As of February 20, 2026, the Nigerian Exchange (NGX) is being propelled by an elite "Trillion-Naira Club." These ten industrial, telecommunications, and financial giants have seen their combined valuations surge, reflecting a mix of aggressive expansion, sector-specific rallies, and the "flight to quality" by investors navigating the 2026 economic landscape. While the NGX
- [Re-Engineering the Engine: Dakuku Peterside on National Productivity](https://www.naijapreneur.com/re-engineering-the-engine-dakuku-peterside-on-national-productivity/) - The Ignatius Ajuru University of Education commenced its First International Management Conference, headlined by a pivotal keynote from Dr. Dakuku Peterside, the former Director-General of NIMASA. The two-day event focuses on a singular, urgent theme: "Business Re-engineering: A Catalyst for Economic Development." Dr. Peterside’s address bridges the gap between how individual companies operate and how
- [The "One Plus One" Philosophy: Ibukun Awosika on Wealth, Marriage, and the Illusion of Success](https://www.naijapreneur.com/the-one-plus-one-philosophy-ibukun-awosika-on-wealth-marriage-and-the-illusion-of-success/) - LAGOS — Ibukun Awosika, the former Chairperson of First Bank of Nigeria, has delivered a sobering reality check to the Nigerian elite, pulling back the curtain on the "lavish lifestyle" that often masks deep financial distress. Speaking on February 24, 2026, Awosika warned that many of Nigeria's "big names" are essentially living on borrowed time
- [HerFidelity 2.0: equiping Nigerian Women with the "Economics of Apprenticeship"](https://www.naijapreneur.com/herfidelity-2-0-equiping-nigerian-women-with-the-economics-of-apprenticeship/) - LAGOS — Fidelity Bank Plc has officially opened the doors to the second edition of its flagship women’s empowerment initiative, the HerFidelity Apprenticeship Programme (HAP) 2.0. Announced on Monday, February 23, 2026, the program marks a strategic shift from basic skill acquisition to building "sustainable economic pipelines" for Nigerian women. Building on the successes of
- [Perception Meets Progress: Julian Kleber Unveils "Voice4Africa" in Nigeria](https://www.naijapreneur.com/perception-meets-progress-julian-kleber-unveils-voice4africa-in-nigeria/) - Julian Kleber, CEO of the international marketing and communications firm Kleber Group, has officially launched the expansion of the Voice4Africa initiative, designating Nigeria as its strategic operational hub. Announced on Monday, February 23, 2026, the project aims to dismantle outdated global narratives and replace them with verified stories of African economic dynamism and youth-led transformation.
- [The "Oil of the Soul": Nigeria’s Tourism & Creative Sector as the New Economic Frontier](https://www.naijapreneur.com/the-oil-of-the-soul-nigerias-tourism-creative-sector-as-the-new-economic-frontier/) - LAGOS — On Wednesday, February 25, 2026, Sterling Bank Limited convened a high-level summit of public and private sector leaders to finalize a strategy for transforming Nigeria’s cultural momentum into a structured, multi-billion dollar economic pillar. The engagement, held in the wake of Sterling Bank's full recapitalization, signaled a shift from viewing tourism as "episodic
- [Scaling the Talent Bridge: Unilever & UNICEF’s FUCAP Impact](https://www.naijapreneur.com/scaling-the-talent-bridge-unilever-unicefs-fucap-impact/) - Unilever Nigeria Plc and UNICEF announced a major milestone in their joint mission to close the youth unemployment gap. Their flagship initiative, The Future-X Unilever Campus Ambassadors Programme (FUCAP), has now reached over 900,000 young Nigerians, equipping them with the digital and entrepreneurial "survival kits" required for the 2026 labor market. The program serves as
- [The "Intelligence Divide": Nigeria’s Existential Race in the AI Epoch](https://www.naijapreneur.com/the-intelligence-divide-nigerias-existential-race-in-the-ai-epoch/) - LAGOS — As the world shifts from the industrial to the computational age, a sobering 54th entry into our dossier warns that Nigeria and Sub-Saharan Africa face a new "Intelligence Divide." Unlike previous industrial revolutions, where latecomers could "catch up" by reverse-engineering machinery, the Artificial Intelligence (AI) Revolution relies on cumulative, high-tech infrastructure that cannot
- [De-Risking the Sun: Casava and Rivy Launch Nigeria’s First Green Insurance Category](https://www.naijapreneur.com/de-risking-the-sun-casava-and-rivy-launch-nigerias-first-green-insurance-category/) - LAGOS — In a move that provides the "missing infrastructure layer" for Nigeria’s energy transition, Casava, the nation’s first licensed digital microinsurer, has partnered with clean-tech finance leader Rivy to launch a dedicated suite of Green Insurance products. Announced on February 25, 2026, the partnership aims to eliminate the financial risks—theft, damage, and transit loss—that
- [Scaling the Future: SMEDAN Launches GROW Fund for ICSS Entrepreneurs](https://www.naijapreneur.com/scaling-the-future-smedan-launches-grow-fund-for-icss-entrepreneurs/) - ABUJA — The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has officially launched the GROW Fund, a strategic financing window designed to bridge the gap between business training and capital. Unveiled on February 17, 2026, the fund is specifically targeted at 6,122 graduates of the Inspire-Create-Start-Scale (ICSS) programme, transforming them from "trained" to
- [From Subsistence to Slaughterhouse: Nigeria’s N3.2 Trillion Red Meat Export Ambition](https://www.naijapreneur.com/from-subsistence-to-slaughterhouse-nigerias-n3-2-trillion-red-meat-export-ambition/) - ABUJA — The newly established Federal Ministry of Livestock Development (FMLD) has unveiled an aggressive roadmap to transform Nigeria from a net importer of meat into a global powerhouse in the red meat market. During a 2026 budget defense session on February 20, Minister Idi Mukhtar Maiha revealed that Nigeria is currently missing out on
- [The Borderless Bank: Grey Business Launches to Tackle Africa’s $1 Trillion Payment Gap](https://www.naijapreneur.com/the-borderless-bank-grey-business-launches-to-tackle-africas-1-trillion-payment-gap/) - Grey, the global fintech leader, has officially pivoted into the B2B space with the launch of Grey Business, a multi-currency platform designed to dismantle the barriers African startups face when transacting globally. Unveiled on February 10, 2026, during the Africa Tech Summit, the platform aims to capture a slice of a cross-border payments market projected
- [The Regulated Bridge: Quidax and Lisk L2 Forge Africa’s Web3 Gateway](https://www.naijapreneur.com/the-regulated-bridge-quidax-and-lisk-l2-forge-africas-web3-gateway/) - In a milestone for the African blockchain ecosystem, Quidax, the first crypto exchange to receive a provisional operating license from SEC Nigeria, has announced a strategic partnership with the Lisk Layer 2 (L2) blockchain. This collaboration creates a direct, regulated link between Nigeria’s established digital asset infrastructure and one of the world’s most developer-friendly L2
- [Shelter Under Siege: Lagos Faces an Unprecedented Housing Emergency](https://www.naijapreneur.com/shelter-under-siege-lagos-faces-an-unprecedented-housing-emergency/) - LAGOS — Nigeria’s commercial nerve center is currently grappling with a "ticking time bomb" in its real estate sector. According to a state-of-the-emergency alert issued on Sunday, February 22, 2026, by the Housing Development Advocacy Network (HDAN), soaring rental prices are systematically pushing millions of hardworking Nigerians into housing poverty and severe financial distress. Barrister
- [Funding Friction: New Executive Order Sparks Crisis at NUPRC and Energy Agencies](https://www.naijapreneur.com/funding-friction-new-executive-order-sparks-crisis-at-nuprc-and-energy-agencies/) - ABUJA — A constitutional and operational crisis is brewing within Nigeria’s oil and gas regulatory framework following a new Executive Order from President Bola Tinubu. The directive, which mandates the immediate reallocation of all oil and gas revenues—including royalties and internally generated revenue (IGR)—directly to the Federation Account, has left agencies like the NUPRC and
- [The "Bubble" Revolution: Dangote’s 400,000-Tonne LAB Plant to Disrupt African Markets](https://www.naijapreneur.com/the-bubble-revolution-dangotes-400000-tonne-lab-plant-to-disrupt-african-markets/) - LAGOS — Aliko Dangote has officially unveiled plans for a massive petrochemical expansion that will see the Dangote Refinery evolve into Africa’s primary producer of detergent raw materials. By manufacturing Linear Alkyl Benzene (LAB)—the essential ingredient that creates the "bubbles" and cleaning power in detergents—the complex is moving to replace 100% of West Africa’s current
- [The "Quiet Power" of Baba Ijebu: Lessons from a Nonagenarian Icon](https://www.naijapreneur.com/the-quiet-power-of-baba-ijebu-lessons-from-a-nonagenarian-icon/) - LAGOS — Sir (Dr.) Kessington Adebukunola Adebutu, the billionaire industrialist widely known as "Baba Ijebu," recently marked his 90th birthday with a landmark autobiography titled Legacy in Motion: The Quiet Power of a Nigerian Icon. Launched on October 24, 2025, the book has quickly become a manual for "perpetual hope" and a blueprint for ethical
- [From Bariga to London: The Global Evolution of Diiadem](https://www.naijapreneur.com/from-bariga-to-london-the-global-evolution-of-diiadem/) - LAGOS — The story of Adeola Adeyemi, popularly known as Diiadem, has evolved from a teenage model and video vixen into a powerful narrative of resilience, high-stakes entrepreneurship, and global luxury. Born in 1991 to a Yoruba-Igbo household, Diiadem’s formative years in the streets of Bariga, Lagos, now serve as the humble prologue to her
- [The Technical Visionary: Engr. Joshua Oyakhilomhen’s Multi-Industry Growth](https://www.naijapreneur.com/the-technical-visionary-engr-joshua-oyakhilomhens-multi-industry-growth/) - LAGOS — The career of Engr. Joshua Oyakhilomhen serves as a blueprint for the modern Nigerian "technopreneur"—a professional who bridges the gap between manual technical expertise and high-level business management. From his roots in Uromi, Edo State, Oyakhilomhen has built a diversified empire that spans the structural integrity of the construction sector and the fast-paced
- [Japan and Nigeria Launch Global-First Startup Fund: A New Era of "Co-Creation"](https://www.naijapreneur.com/japan-and-nigeria-launch-global-first-startup-fund-a-new-era-of-co-creation/) - ABUJA — In a landmark diplomatic and economic move, the Government of Japan and the Nigerian Sovereign Investment Authority (NSIA) have signed a grant contract to develop a support environment for startups tackling social challenges. This initiative, part of the newly launched Startup Support Fund, marks the first time Japan has implemented this specific development
- [Between Heritage and High-Rises: DeRenaissance Patriots Warn of Lagos Market Displacement](https://www.naijapreneur.com/between-heritage-and-high-rises-derenaissance-patriots-warn-of-lagos-market-displacement/) - LAGOS — The DeRenaissance Patriots Foundation has raised an alarm over the rapid transformation of traditional marketplaces into modern plazas, warning that the current "glass tower" approach to urban renewal is erasing the very mercantile heritage that built Lagos. In a statement released on Sunday, February 22, 2026, the group argued that the city is
- [Betting on the Homeland: Ajilore Obafemi Samuel on Nigeria’s Untapped Growth Frontier](https://www.naijapreneur.com/betting-on-the-homeland-ajilore-obafemi-samuel-on-nigerias-untapped-growth-frontier/) - LAGOS — While many focus on the macroeconomic hurdles of 2026, Ajilore Obafemi Samuel, founder of DGW and the logistics startup Errand Boy, is championing a narrative of aggressive optimism. Samuel argues that Nigeria’s large population and expanding urban centers remain "goldmines" for entrepreneurs, provided the government can bridge the gap between opportunity and infrastructure.
- ["The Future Cannot Be Outsourced": Nigeria Moves to Reclaim AI Sovereignty](https://www.naijapreneur.com/the-future-cannot-be-outsourced-nigeria-moves-to-reclaim-ai-sovereignty/) - LAGOS — Nigeria is moving to end its reliance on "imported" Artificial Intelligence, warning that off-the-shelf models trained on foreign data risk misclassifying African users and undermining national sovereignty. At the Innovate AI 2026 conference in Lagos, a powerful coalition of policymakers, fintech leaders, and academics declared that the era of passive adoption is over.
- [Convergence and Confidence: The Naira’s February Rally and the BDC Reset](https://www.naijapreneur.com/convergence-and-confidence-the-nairas-february-rally-and-the-bdc-reset/) - LAGOS — The Nigerian Naira reached a significant milestone during the week ending February 20, 2026, achieving its strongest level of price convergence in two years. Driven by a surge in external reserves and a strategic policy shift by the Central Bank of Nigeria (CBN), the gap between the official and parallel market rates effectively
- [Dangote Refinery to Go Public: Nigerians to Buy Shares Within 5 Months](https://www.naijapreneur.com/dangote-refinery-to-go-public-nigerians-to-buy-shares-within-5-months/) - LAGOS — In a historic announcement that could redefine the Nigerian capital market, Aliko Dangote has revealed plans to open up ownership of the Dangote Petroleum Refinery to the public. Speaking on Saturday, February 21, 2026, during a high-profile facility tour with the NNPC Ltd leadership, Dangote confirmed that Nigerians will be able to purchase
- [Goldmines in the Gutter: Ganiyat Olajumoke Abe Warns Against Nigeria’s "Data Storage" Trap](https://www.naijapreneur.com/goldmines-in-the-gutter-ganiyat-olajumoke-abe-warns-against-nigerias-data-storage-trap/) - LAGOS — Nigerian businesses are currently "sitting on goldmines of data and walking away empty-handed," according to Ganiyat Olajumoke Abe, a prominent Data Analyst and Business Intelligence professional. In a recent industry briefing on February 21, 2026, Abe warned that the country's enthusiastic embrace of data collection has not yet translated into effective data utilization.
- [The Mobile Office: Chery Himla Pickup Debuts in Lagos as a Business Productivity Tool](https://www.naijapreneur.com/the-mobile-office-chery-himla-pickup-debuts-in-lagos-as-a-business-productivity-tool/) - LEKKI — On February 19, 2026, Carloha Nigeria—the authorized dealer for Chery—officially disrupted the Nigerian commercial vehicle market with the launch of the Chery Himla. Unveiled at Orange Island, Lekki, the Himla is being positioned not just as a vehicle, but as a "high-efficiency mobile business asset" tailored for the country's expanding agriculture, logistics, and
- [The "8th Wonder": Nile Business School Repositions African Business Education at Dangote Refinery](https://www.naijapreneur.com/the-8th-wonder-nile-business-school-repositions-african-business-education-at-dangote-refinery/) - LAGOS — In a move to bridge the gap between academic theory and industrial reality, the Nile Business School (NBS), the specialized business arm of Nile University of Nigeria, recently led a high-level delegation of Executive MBA students and faculty to the Dangote Petroleum Refinery in Lagos. The visit, described by observers as a "classroom
- [Back in the Black: Guinness Nigeria Reports ₦41.2 Billion Profit in First Audit Under Tolaram](https://www.naijapreneur.com/back-in-the-black-guinness-nigeria-reports-₦41-2-billion-profit-in-first-audit-under-tolaram/) - LAGOS — Guinness Nigeria Plc has officially returned to profitability, marking a dramatic turnaround in its first full audited reporting cycle since being acquired by the Tolaram Group. In a report released on February 20, 2026, the company revealed a net profit after tax of ₦41.2 billion for the 18-month period ending December 31, 2025.
- [The Off-Grid Revolution: All On’s Blueprint for Nigeria’s Energy Sovereignty](https://www.naijapreneur.com/the-off-grid-revolution-all-ons-blueprint-for-nigerias-energy-sovereignty/) - LAGOS — As Nigeria navigates its 2026 economic landscape, a quiet but powerful transformation is occurring in the nation's "energy dark spots." All On, the off-grid energy impact investor, has released a landmark Impact Report detailing how decentralized renewable energy is successfully bypassing the struggling national grid to power the engine of the Nigerian economy:
- [Empowerment in the North: Katsina State Unveils ₦31 Billion Economic Lifeline in 2026 Budget](https://www.naijapreneur.com/empowerment-in-the-north-katsina-state-unveils-₦31-billion-economic-lifeline-in-2026-budget/) - KATSINA — The Katsina State Government has announced a massive ₦31 billion intervention package within its 2026 fiscal framework, specifically targeting small businesses, young graduates, and vulnerable households. The Commissioner for Budget and Economic Planning, Alhaji Malik Anas, revealed the details during a briefing in the state capital, noting that the allocations are the cornerstone
- [Bridging Borders: UNILAG, UI, and Covenant University Partner with UWE Bristol to Revolutionize Entrepreneurship Education](https://www.naijapreneur.com/bridging-borders-unilag-ui-and-covenant-university-partner-with-uwe-bristol-to-revolutionize-entrepreneurship-education/) - LAGOS — A new era of Transnational Education (TNE) has officially taken root in Nigeria. The Bridging Borders Project, supported by the British Council, recently showcased the results of a high-impact collaboration between the University of the West of England (UWE Bristol) and three of Nigeria’s premier academic institutions: the University of Lagos (UNILAG), University
- [Crossing Borders: Aliko Dangote and IFC Unlock $10 Million for Ethiopian SMEs](https://www.naijapreneur.com/crossing-borders-aliko-dangote-and-ifc-unlock-10-million-for-ethiopian-smes/) - ADDIS ABABA — In a strategic move that underscores the growing interconnectivity of African markets, Nigerian industrialist Aliko Dangote has joined forces with the International Finance Corporation (IFC) to back a $10 million risk-sharing facility for Ethiopia’s Dashen Bank. Announced on February 17, 2026, this partnership is designed to tackle the "credit crunch" facing Small
- [Sovereignty Through Shillings: Nigeria’s Digital Payment Pivot at the G-24](https://www.naijapreneur.com/sovereignty-through-shillings-nigerias-digital-payment-pivot-at-the-g-24/) - ABUJA — At the Intergovernmental Group of Twenty-Four (G-24) meetings on February 19, 2026, Nigeria’s top economic leaders delivered a stark message to the global community: the world's "financial plumbing" is broken for emerging markets. Central Bank Governor Olayemi Cardoso and Finance Minister Wale Edun argued that high costs and settlement delays are no longer
- [The Evolution of Wealth: Onyeolu Israel Chima on Nigeria’s Quiet Industrial Revolution](https://www.naijapreneur.com/the-evolution-of-wealth-onyeolu-israel-chima-on-nigerias-quiet-industrial-revolution/) - ABUJA — Nigeria is not just surviving its current economic challenges; it is actively evolving through them. This is the perspective of Onyeolu Israel Chima, a prominent entrepreneur and strategist, who argues that a fundamental shift is occurring in how Nigerians perceive and create wealth. In a recent statement that has sparked conversation across the
- [Diplomatic Reset and Fiscal Tightropes: A Global News Roundup](https://www.naijapreneur.com/diplomatic-reset-and-fiscal-tightropes-a-global-news-roundup/) - While local headlines focus on Nigeria's industrial and oil ambitions, the international stage is shifting rapidly. From high-level phone calls between Abuja and Berlin to fiscal warnings in Paris and trade tensions in Madrid, here is the global context affecting the 2026 economic landscape. Nigeria & Germany: Reviving the Power Dream In a pivotal nine-minute
- [Beyond the Click: Jumia Nigeria Maps Out the Future of Digital Habit and Scale](https://www.naijapreneur.com/beyond-the-click-jumia-nigeria-maps-out-the-future-of-digital-habit-and-scale/) - LAGOS — For Jumia Nigeria, the current uptick in digital transactions isn't just a rebound; it is the blueprint for a permanent shift in Nigerian consumer behavior. Following a period of economic recalibration, the e-commerce giant is reporting a surge in Gross Merchandise Value (GMV) and order volumes, signaling that online shopping is moving from
- [Aviation Digitalization: Nigerian Airports to Go Fully Cashless by February 28](https://www.naijapreneur.com/aviation-digitalization-nigerian-airports-to-go-fully-cashless-by-february-28/) - LAGOS — The Federal Airports Authority of Nigeria (FAAN) has confirmed that there is "no going back" on its transition to a 100% cashless environment across all Nigerian airports. Following a high-level meeting with the National Union of Air Transport Employees (NUATE), FAAN Managing Director and CEO, Mrs. Olubunmi Kuku, reiterated that the directive will
- [From "Hustle" to High-Tech: AR Pro365 Launches WhatsApp-Integrated Tool to Fix SME Bookkeeping](https://www.naijapreneur.com/from-hustle-to-high-tech-ar-pro365-launches-whatsapp-integrated-tool-to-fix-sme-bookkeeping/) - ABUJA — For many Nigerian entrepreneurs, the greatest threat to their business isn't the competition—it’s the "scattered notebook." To bridge the gap between informal trading and structured accounting, a new all-in-one management software, AR Pro365, has launched in the capital, promising to turn WhatsApp into a powerful financial command center. The software arrives at a
- [The "Data as Collateral" Era: How FairMoney and Digital Records are Unlocking SME Growth](https://www.naijapreneur.com/the-data-as-collateral-era-how-fairmoney-and-digital-records-are-unlocking-sme-growth/) - LAGOS — For the millions of small businesses that form the backbone of Nigeria’s economy, the traditional bank statement has long been a barrier rather than a bridge. However, a significant shift is underway in 2026, as fintech leaders like FairMoney Microfinance Bank (MFB) replace physical collateral with "digital footprints." New data from the Small
- [Beyond the Turbulence: The Structural Vitality of Nigeria 2026](https://www.naijapreneur.com/beyond-the-turbulence-the-structural-vitality-of-nigeria-2026/) - ABUJA — While episodic instability often dominates the headlines, a deeper examination of Nigeria in 2026 reveals a "structural vitality" that is redefining the nation's power. Beyond the drama of politics lies a reservoir of strength found in its people, its culture, and a quiet but persistent economic evolution. As Nigeria’s population surpasses 242 million
- [Investing in the Next Generation: Dangote Foundation Commits ₦1.5 Billion to BUK Business Students](https://www.naijapreneur.com/investing-in-the-next-generation-dangote-foundation-commits-₦1-5-billion-to-buk-business-students/) - KANO — In a major boost to higher education and entrepreneurship in Northern Nigeria, the Aliko Dangote Foundation (ADF) has signed a landmark Memorandum of Understanding (MoU) with Bayero University Kano (BUK). The agreement, worth ₦1.5 billion, is specifically designed to support postgraduate students at the Dangote Business School (DBS). Unveiled during a signing ceremony
- [The Digital Frontier: How Nigeria’s Youth are Hacking the Labour Market](https://www.naijapreneur.com/the-digital-frontier-how-nigerias-youth-are-hacking-the-labour-market/) - SURULERE — In the vibrant hubs of Lagos and beyond, a new economic blueprint is being written—not in corporate boardrooms, but on smartphones. Ayo Balogun, 23, is a face of this transformation. From her bedroom in Surulere, she runs a thriving thrift empire, bridging the gap between supply and demand with nothing more than an
- [The Heiress Factor: Second-Generation Women Leading Nigeria’s $100 Billion Future](https://www.naijapreneur.com/the-heiress-factor-second-generation-women-leading-nigerias-100-billion-future/) - LAGOS — A seismic shift is occurring within Nigeria’s boardrooms. As of February 2026, the daughters of the nation’s industrial titans are no longer just "understudies"—they have officially taken the reins of some of Africa’s largest conglomerates. From telecommunications to oil and legal practitioners, these 2nd-generation female leaders are redefining legacy, proving that family businesses
- [Seed Capital for the Grassroots: The Petty Traders Grant Support Programme 2026](https://www.naijapreneur.com/seed-capital-for-the-grassroots-the-petty-traders-grant-support-programme-2026/) - ABUJA — For Nigeria's millions of informal retailers and market vendors, the barrier to growth has often been the lack of a "tiny" financial push. The Petty Traders Grant Support Programme 2026 has emerged to fill this specific gap, offering non-repayable seed capital to those at the very foundation of the nation's economy. Unlike complex
- ["Nigeria Happened To Me": NOA and Akin Fadeyi Launch Campaign to Flip the Narrative](https://www.naijapreneur.com/nigeria-happens-to-me-noa-and-akin-fadeyi-launch-campaign-to-flip-the-narrative/) - LAGOS — For years, the phrase "Nigeria happened to me" has been used by citizens as a shorthand for systemic failure and personal frustration. In a bold psychological pivot, the National Orientation Agency (NOA) is launching a new project of the same name—"Nigeria Happens To Me"—designed to reclaim the narrative by showcasing Nigerians who are
- [The Cairo Consensus: How Nigeria is Scripting the Emerging Market Playbook for Green Finance](https://www.naijapreneur.com/the-cairo-consensus-how-nigeria-is-scripting-the-emerging-market-playbook-for-green-finance/) - CAIRO – The global financial compass is shifting toward sustainability, and emerging markets are no longer just following the map—they are drawing it. Speaking at the International Finance Corporation (IFC) conference in Egypt, Temi Popoola, Group Chief Executive Officer of Nigerian Exchange Group (NGX), delivered a clarion call for a unified, transparent, and innovative approach
- [The Future of the Nigerian Workforce: New Pipelines for Youth and SMEs to Global Markets](https://www.naijapreneur.com/the-future-of-the-nigerian-workforce-new-pipelines-for-youth-and-smes-to-global-markets/) - LAGOS — A series of high-stakes opportunities and infrastructure reforms have converged this week, signaling a coordinated push to transition Nigeria’s youth from the sidelines into the heart of the global economy. From multi-million naira skill development grants to a radical overhaul of how small businesses export their goods, the barriers to economic participation are
- [The Consistency Covenant: Business Leaders Call for Regulatory Stability to Unlock Nigeria’s Wealth](https://www.naijapreneur.com/the-consistency-covenant-business-leaders-call-for-regulatory-stability-to-unlock-nigerias-wealth/) - LAGOS — For global investors eyeing Nigeria, "potential" is no longer the primary currency. The new gold standard is predictability. At the recently concluded European Business Chamber Nigeria (Eurocham) Annual Conference and Expo, a recurring theme echoed through the halls: while Nigeria’s recent economic reforms have sparked a flicker of optimism, only the steady hand
- ["Power Means Growth": Dangote Issues Bold Challenge to Federal Government at Industrial Policy Launch](https://www.naijapreneur.com/power-means-growth-dangote-issues-bold-challenge-to-federal-government-at-industrial-policy-launch/) - ABUJA — Aliko Dangote, Africa’s wealthiest industrialist, has delivered a blunt ultimatum to Nigeria’s economic planners: the nation’s industrial dreams will remain a "poverty trap" unless the government solves the chronic crisis of electricity and protects local factories from the "dumping" of foreign goods. Speaking at the national launch of the National Industrial Policy 2025,
- [The ₦1.76 Trillion Shortfall: Nigeria’s Bold 2030 Oil Ambition Faces Reality Check](https://www.naijapreneur.com/the-₦1-76-trillion-shortfall-nigerias-bold-2030-oil-ambition-faces-reality-check/) - ABUJA — Nigeria is caught in a high-stakes tug-of-war between its current production struggles and a future where it aims to pump 3 million barrels of oil every day. New data reveals that the nation’s inability to meet its OPEC+ quotas over the last year has cost the economy a staggering $1.31 billion (approximately ₦1.76
- [The "Endurance Sport" of 2026: A Blueprint for the New Nigerian Founder](https://www.naijapreneur.com/the-endurance-sport-of-2026-a-blueprint-for-the-new-nigerian-founder/) - LAGOS — For the Nigerian entrepreneur in 2026, the traditional "business plan" has been replaced by a "survival manual." As the cost of doing business index hits a staggering 90.5 points, a new generation of founders is learning that building a legacy in Africa's largest economy requires a blend of local "street smarts" and rigorous
- [Open Borders, Open Markets: Nigeria Reclaims Status as West Africa’s Logistics Powerhouse](https://www.naijapreneur.com/open-borders-open-markets-nigeria-reclaims-status-as-west-africas-logistics-powerhouse/) - KEBBI — In a decisive move to mend regional trade ties and unlock billions in frozen revenue, President Bola Tinubu has ordered the reopening of the Tsamiya–Sagbana border crossing between Nigeria and the Republic of Benin. The directive serves as a vital pressure valve, immediately facilitating the passage of approximately 2,000 trucks that have sat
- [Mentorship as a "Marching Order": Rahmat Eyinfunjowo’s Mission to Bridge Africa’s Talent Gap](https://www.naijapreneur.com/mentorship-as-a-marching-order-rahmat-eyinfunjowos-mission-to-bridge-africas-talent-gap/) - LAGOS — For Rahmat Eyinfunjowo, success is not a solo sport—it’s a debt to be paid forward. The Nigerian entrepreneur and food systems specialist recently solidified her commitment to the next generation of African talent by signing a strategic partnership between her organization, The Early Career Place, and the Aspire Institute. The partnership aims to
- [The 60-Meter Statement: Abdul Samad Rabiu Commissions Bespoke Italian Superyacht](https://www.naijapreneur.com/the-60-meter-statement-abdul-samad-rabiu-commissions-bespoke-italian-superyacht/) - LA SPEZIA — Abdul Samad Rabiu, the billionaire chairman of BUA Group, is set to join the upper echelons of the global maritime elite. The industrialist recently teased the commencement of a massive 60-meter superyacht project with the prestigious Italian shipyard, Baglietto. In a succinct social media post captioned “60 metres in the making,” Rabiu
- ["Balance and Scales": Her Excellence Conference 2026 Set to Honor 50 Female Trailblazers](https://www.naijapreneur.com/balance-and-scales-her-excellence-conference-2026-set-to-honor-50-female-trailblazers/) - ABUJA — To mark the 2026 International Women’s Day, ASo Multi Media and its partners have announced the Her Excellence Conference and Awards, scheduled for March 8, 2026. The high-profile gathering aims to transition from a traditional ceremony into a robust platform for female leadership, networking, and policy dialogue across Nigeria. The event’s centerpiece will
- [E3 Conference 6.0: Redefining Workforce Value in the AI Era](https://www.naijapreneur.com/e3-conference-6-0-redefining-workforce-value-in-the-ai-era/) - The Financial Institutions Training Centre (FITC) has officially announced the sixth edition of its flagship Employee Engagement and Experience Conference (E3 Conference 6.0). Set to take place on Wednesday, March 18, 2026, the event serves as Nigeria’s premier thought-leadership arena for HR professionals and business executives navigating the complexities of the modern workplace. The 2026
- [Next-Gen Xpression’s Kingdomite Conference: Raising "Kingdom Giants" at OAU](https://www.naijapreneur.com/next-gen-xpressions-kingdomite-conference-raising-kingdom-giants-at-oau/) - The maiden edition of the Kingdomite Conference took place at the Obafemi Awolowo University (OAU) in Ile-Ife. Convener Kenny Williams, founder of the faith-based charity Next-Gen Xpression, hosted the event at his alma mater to equip students and young professionals with "spiritual intelligence" for leadership and innovation. The conference combined kingdom principles with contemporary pop
- [The El-Rufai Storm: A High-Stakes Collision of Law, Politics, and Espionage](https://www.naijapreneur.com/the-el-rufai-storm-a-high-stakes-collision-of-law-politics-and-espionage/) - Nigeria’s political landscape is dominated by the unprecedented detention and legal battles of former Kaduna State Governor Nasir El-Rufai. What began as a financial probe has spiraled into a dramatic confrontation involving allegations of wiretapping top security officials and a strategic realignment aimed at the 2027 presidency. 1. The ₦432 Billion "Accountability" Probe On Monday,
- [Dangote Group’s $400 Million Expansion: The Quest for Global Industrial Dominance](https://www.naijapreneur.com/dangote-groups-400-million-expansion-the-quest-for-global-industrial-dominance/) - As of February 18, 2026, the Dangote Group has signaled a massive escalation in its industrial capacity through a strategic $400 million equipment deal with China’s Xuzhou Construction Machinery Group (XCMG). This partnership is the primary engine for the conglomerate's Vision 2030, which aims to transform the Group into a $100 billion global enterprise. 1.
- [The Great EV Pivot: Nigeria and Kenya’s Race to Electrify Public Transit](https://www.naijapreneur.com/the-great-ev-pivot-nigeria-and-kenyas-race-to-electrify-public-transit/) - The African automotive landscape is undergoing a radical shift. Leading the charge are Nigeria and Kenya, both of which have transitioned from being simple importers of electric vehicles (EVs) to becoming hubs for local assembly. This movement aims to replace the ubiquitous petrol-powered minibuses and taxis with cleaner, more cost-effective electric alternatives, leveraging partnerships with
- [The NCSP x NACCIMA Pact: Weaponizing "Zero-Tariff" for SME Growth](https://www.naijapreneur.com/the-ncsp-x-naccima-pact-weaponizing-zero-tariff-for-sme-growth/) - The Nigeria-China Strategic Partnership (NCSP) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) established a formal working interface to reshape the Nigeria-China trade narrative. Led by Director-General Joseph Tegbe, the NCSP is pivoting away from traditional infrastructure-heavy "project contracts" toward a results-oriented industrial model. The goal? To flip the trade
- [Turkish Airlines: Scaling Up the "Local" Experience in Nigeria](https://www.naijapreneur.com/turkish-airlines-scaling-up-the-local-experience-in-nigeria/) - Turkish Airlines is doubling down on its commitment to the Nigerian market. During a press session in Lagos on Monday, Lokman Balkan, General Manager for Nigeria, unveiled a five-year vision centered on "service localization" and increased capacity. With nearly 20 years of operations in Nigeria—its first sub-Saharan destination—the airline is positioning itself to remain the
- [Street Foodz Naija Season 6: From the Corner to the World](https://www.naijapreneur.com/street-foodz-naija-season-6-from-the-corner-to-the-world/) - The sixth season of the acclaimed docu-reality series Street Foodz Naija has reached its peak. Themed "Naija to The World," this season transitioned from a local cooking competition to a platform for international business diplomacy, notably marked by the presence of the Canadian Deputy High Commissioner, Carlos Rojas-Arbulú, at the Lagos event. Organized by FoodBay
- [From Certificates to Capital: Nigeria’s GROW Fund and the ICSS Revolution](https://www.naijapreneur.com/from-certificates-to-capital-nigerias-grow-fund-and-the-icss-revolution/) - The Federal Government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), unveiled the GROW Fund in Abuja. This initiative is a direct response to the "training-without-funding" trap that has historically limited the impact of youth empowerment schemes. It serves as a capital-training bridge, specifically designed to provide affordable, single-digit interest loans to
- [Dleading Web Design Ltd: Expanding Digital Access for Nigerian SMEs](https://www.naijapreneur.com/dleading-web-design-ltd-expanding-digital-access-for-nigerian-smes/) - As of February 18, 2026, Adedapo Michael Sunday, CEO of Dleading Web Design Ltd, has reaffirmed the company’s commitment to bridging the digital divide for small and medium-sized enterprises (SMEs) across Nigeria. The firm is executing a deliberate nationwide expansion strategy designed to ensure that entrepreneurs in emerging hubs—not just those in Lagos or Abuja—have
- [Daniel Ojie: Transforming Nigerian Retail Trading via Tradefuzz](https://www.naijapreneur.com/daniel-ojie-transforming-nigerian-retail-trading-via-tradefuzz/) - As of February 2026, Daniel Ojie has emerged as a key figure in Nigeria’s financial education space through his platform, Tradefuzz. Launched as a response to the "signal-culture" that often leads young investors into significant losses, Tradefuzz focuses on building independent market competence rather than following pre-packaged tips. Ojie’s journey—from a casual investor in 2018
- [The Pharmaceutical Surge: Investors Find "Immunity" in the NGX](https://www.naijapreneur.com/the-pharmaceutical-surge-investors-find-immunity-in-the-ngx/) - As of February 16, 2026, Nigeria’s healthcare sector on the Nigerian Exchange (NGX) is celebrating a historic year. In 2025, the sector’s cumulative market capitalization skyrocketed to ₦466.73 billion, representing a staggering 220.9% increase from the ₦145.4 billion recorded at the end of 2024. While the healthcare sector still accounts for a modest 0.47% of
- [NBC Youth Empowered 2026: Bridging the Employability Gap at FUTA and Beyond](https://www.naijapreneur.com/nbc-youth-empowered-2026-bridging-the-employability-gap-at-futa-and-beyond/) - As of February 17, 2026, the Nigerian Bottling Company (NBC) Ltd. has officially kicked off the 2026 edition of its flagship #YouthEmpowered programme. Building on the momentum of a successful seven-city tour in 2025, the initiative has expanded its reach to more tertiary institutions, with the Federal University of Technology, Akure (FUTA) announced as a
- [The Formalization Rebound: 46% of Nigerian Entrepreneurs Now Registered](https://www.naijapreneur.com/the-formalization-rebound-46-of-nigerian-entrepreneurs-now-registered/) - The 2025 State of Entrepreneurship Survey by the FATE Foundation, released in late 2025, reveals a modest but significant shift in the Nigerian business landscape. After years of rising informality, 46% of entrepreneurs now operate formally registered businesses—a 4% increase from 2024. While this signals a "gradual return of confidence" in the regulatory environment, the
- [The BUA-UAE Trade Hub: Redefining Global Food Logistics](https://www.naijapreneur.com/the-bua-uae-trade-hub-redefining-global-food-logistics/) - On Monday, February 16, 2026, a major shift in the West Africa-Gulf trade axis occurred as Nigeria’s BUA Group signed a historic Memorandum of Understanding (MoU) with AD Ports Group and MAIR Group in Abu Dhabi. This partnership isn't just about trade; it’s about establishing a physical industrial bridge between Nigeria and the Middle East,
- [Y’ellopreneur 3.0: BOI and MTN Foundation Launch ₦1 Billion Women’s Fund](https://www.naijapreneur.com/yellopreneur-3-0-boi-and-mtn-foundation-launch-₦1-billion-womens-fund/) - On Friday, February 13, 2026, the Bank of Industry (BOI) and the MTN Foundation officially signed a Memorandum of Understanding (MoU) to launch Phase 3.0 of the Y’ellopreneur Initiative. This new phase establishes a ₦1 billion Matching Fund designed to bridge the structural financing gap for women-led micro and small enterprises across Nigeria. Unlike traditional
- [Reliance x TGI: A New FMCG Powerhouse for West Africa](https://www.naijapreneur.com/reliance-x-tgi-a-new-fmcg-powerhouse-for-west-africa/) - On Monday, February 16, 2026, Reliance Consumer Products Limited (RCPL), the FMCG arm of Mukesh Ambani’s Reliance Industries, officially signed a definitive agreement to form a majority-owned joint venture with Nigeria’s Tropical General Investments (TGI) Group. This strategic partnership marks Reliance’s formal entry into Nigeria—Africa’s fastest-growing FMCG market—and serves as a critical launchpad for its
- [The Liquidity Paradox: Why Nigeria’s Capital is Trapped in "Paper"](https://www.naijapreneur.com/the-liquidity-paradox-why-nigerias-capital-is-trapped-in-paper/) - As of February 17, 2026, Nigeria’s financial landscape presents a startling contradiction. While banks and institutional investors are flush with record-breaking liquidity, the "real economy"—comprising manufacturers, farmers, and small business owners—is facing a severe credit drought. The recent Treasury Bill (NT-Bill) auction on February 4, 2026, served as a clear indicator of this disconnect. Investors
- [Economic Freedom Summit 2026: The Roadmap to a Competitive Nigeria](https://www.naijapreneur.com/economic-freedom-summit-2026-the-roadmap-to-a-competitive-nigeria/) - On Friday, February 13, 2026, the Ominira Initiative, in partnership with the Atlas Network and Fraser Institute, hosted the Economic Freedom Summit in Ikeja, Lagos. Under the theme "Towards a Competitive Nigerian Economy," the summit gathered industry titans and policy experts to address the structural hurdles stifling Nigeria's private sector. The keynote address, delivered by
- [The Silent Killer: MSMEs Lose ₦10 Trillion Annually to Occupational Fraud](https://www.naijapreneur.com/the-silent-killer-msmes-lose-₦10-trillion-annually-to-occupational-fraud/) - On Sunday, February 15, 2026, Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE), issued a startling warning regarding the survival of Nigeria’s Micro, Small, and Medium Enterprises (MSMEs). While macro-pressures like inflation and FX scarcity often dominate the headlines, Yusuf identified a "less visible but deeply corrosive" threat: occupational
- [Obasanjo at Flutterwave’s 10th Anniversary: Fintech’s "Opportunity" Roots](https://www.naijapreneur.com/obasanjo-at-flutterwaves-10th-anniversary-fintechs-opportunity-roots/) - On Tuesday, February 10, 2026, Former President Olusegun Obasanjo joined a high-powered gathering at The Delborough Lagos to celebrate the 10th anniversary of Flutterwave, Africa’s largest and most influential fintech enterprise. In a keynote that bridged Nigeria’s economic history with its digital future, Obasanjo lauded Flutterwave’s founder, Olugbenga "GB" Agboola, for his rare ability to
- [The Structural Reset Nigeria’s Decade-Long Hydrocarbon Decline](https://www.naijapreneur.com/the-structural-reset-nigerias-decade-long-hydrocarbon-decline/) - As of February 14, 2026, a comprehensive review of Nigeria's oil and gas data reveals that the country's energy sector has undergone a fundamental "structural reset." What was once considered a cyclical dip in production has matured into a sustained low-output reality, with 2025/2026 figures confirming that the era of being a consistent 2 million+
- [Tsamiya Border Reopening: Reviving the ₦1.17 Trillion Onion Trade Corridor](https://www.naijapreneur.com/tsamiya-border-reopening-reviving-the-₦1-17-trillion-onion-trade-corridor/) - On February 7, 2026, Comptroller-General of Customs Adewale Adeniyi announced the official reopening of the Tsamiya-Segbana border corridor in Bagudo, Kebbi State. Closed since 2019, the reopening follows an urgent diplomatic push and a directive from President Bola Ahmed Tinubu to alleviate the "hardship" faced by agricultural exporters in Northern Nigeria. The move specifically targets
- [Dangote Refinery Hits 650,000 bpd Capacity: Otedola Predicts Naira at ₦1,000/$1](https://www.naijapreneur.com/dangote-refinery-hits-650000-bpd-capacity-otedola-predicts-naira-at-₦1000-1/) - In a landmark moment for Africa’s energy independence, billionaire businessman Femi Otedola took to social media on Thursday, February 12, 2026, to celebrate a "transformational" achievement by the Dangote Petroleum Refinery. The facility has officially reached its full nameplate capacity of 650,000 barrels per day (bpd), marking a definitive end to Nigeria's decades-long reliance on
- [FCMB Scaling SME Growth: The BEST Masterclass Arrives in Southwest Nigeria](https://www.naijapreneur.com/fcmb-scaling-sme-growth-the-best-masterclass-arrives-in-southwest-nigeria/) - As part of its ongoing commitment to strengthening Nigeria's private sector, First City Monument Bank (FCMB) is set to commence the next phase of its Business Empowerment, Sustainability, and Training (BEST) Masterclass. Starting Wednesday, March 12, 2026, the initiative moves into a concentrated 10-day tour across five key Southwest and North-Central states: Ogun, Oyo, Kwara,
- [Agege LG Injects ₦100 Million into Grassroot Economy](https://www.naijapreneur.com/agege-lg-injects-₦100-million-into-grassroot-economy/) - On Friday, February 13, 2026, the Chairman of Agege Local Government, Hon. Abdul-Ganiyu Obasa, announced a strategic ₦100 million grant aimed at strengthening micro and small-scale enterprises within the community. The announcement was the highlight of a graduation ceremony for 1,000 beneficiaries of the council’s Skills Elevation Programme. The initiative represents a shift toward "operational
- [IFC Backs Aruwa Capital Fund II to Bridge West Africa’s Gender Financing Gap](https://www.naijapreneur.com/ifc-backs-aruwa-capital-fund-ii-to-bridge-west-africas-gender-financing-gap/) - The International Finance Corporation (IFC) is moving to solidify a major investment in Aruwa Capital Fund II (ACF II), a $50 million private equity fund managed by the Lagos-based, women-led firm Aruwa Capital Management. The project, currently awaiting formal board approval scheduled for March 11, 2026, represents a significant push to support the "missing middle"—SMEs
- [D-8 SME Center: Unlocking a $4 Trillion Market for Nigerian Businesses](https://www.naijapreneur.com/d-8-sme-center-unlocking-a-4-trillion-market-for-nigerian-businesses/) - Following the end of his successful tenure as Secretary-General of the D-8 Organisation for Economic Cooperation, Ambassador Isiaka Abdulqadir Imam recently highlighted the strategic importance of the D-8 Center for Small and Medium Enterprises (D-8 SME Center). Officially launched in Abuja on June 17, 2025, the center is a direct response to the fact that
- [MICRODIA x MyHomeEtal: Ending "Battery Stress" in Nigeria’s $10 Billion Tech Market](https://www.naijapreneur.com/microdia-x-myhomeetal-ending-battery-stress-in-nigerias-10-billion-tech-market/) - On Thursday, February 12, 2026, the Nigerian consumer electronics landscape reached a major turning point. MICRODIA, the California-based global leader in premium mobile accessories, officially launched its partnership with MyHomeEtal Limited at their flagship hub in Anthony Village, Lagos. This alliance aims to disrupt a market currently plagued by "grey market" fakes and unreliable power
- [FMN Prize for Innovation 5.0: Tackling Nigeria’s Cassava Paradox](https://www.naijapreneur.com/fmn-prize-for-innovation-5-0-tackling-nigerias-cassava-paradox/) - On February 12, 2026, Flour Mills of Nigeria (FMN) Plc officially launched the fifth edition of its annual Prize for Innovation (PFI 5.0). This milestone edition, themed "Innovative Practices in Cassava Production and Processing," pivots the company’s focus toward one of Nigeria's most significant agricultural opportunities. Despite being the world's largest producer of cassava, Nigeria
- [Boardroom Breakthrough: Women Now Hold 31% of NGX-30 Seats](https://www.naijapreneur.com/boardroom-breakthrough-women-now-hold-31-of-ngx-30-seats/) - The latest 2025 PWR Advisory NGX-30 Board Gender Diversity Scorecard reveals a historic shift in Nigeria’s corporate landscape. Women now occupy 31.1% of board seats among the 30 largest and most liquid companies listed on the Nigerian Exchange (NGX), up from 29.7% in 2024. This progress coincides with a stellar year for the Nigerian capital
- [The Halal Frontier: Nigeria’s Strategy to Capture a $7.7 Trillion Global Market](https://www.naijapreneur.com/the-halal-frontier-nigerias-strategy-to-capture-a-7-7-trillion-global-market/) - On February 5, 2026, President Bola Ahmed Tinubu officially launched the National Halal Economy Strategy, a bold roadmap designed to transform Nigeria into a leading hub for ethical and high-quality products. Represented by Vice President Kashim Shettima, the President emphasized that this initiative is not merely about religion—it is about economic infrastructure, standards, and global
- [Leo Stan Ekeh: The "Digital Democrat" at 70 Rules Out Politics](https://www.naijapreneur.com/leo-stan-ekeh-the-digital-democrat-at-70-rules-out-politics/) - As the founder and Chairman of Zinox Group, Leo Stan Ekeh, approaches his 70th birthday on February 22, 2026, he has firmly closed the door on a political career. Speaking at a forum for young entrepreneur mentees on February 12, 2026, Ekeh clarified that despite numerous opportunities to run for office—including the governorship of his
- [MoMo PSB and SMEDAN Partner to Digitize Nigeria’s SME Ecosystem](https://www.naijapreneur.com/momo-psb-and-smedan-partner-to-digitize-nigerias-sme-ecosystem/) - In a strategic move to eliminate operational friction for small businesses, MoMo Payment Service Bank (MoMo PSB) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have announced a landmark partnership. The collaboration aims to provide registered SMEs with a suite of digital tools designed to streamline payments, manage staff, and enhance overall
- [Record Breaking: BOI Hits N636 Billion Disbursement Milestone in 2025](https://www.naijapreneur.com/record-breaking-boi-hits-n636-billion-disbursement-milestone-in-2025/) - President Bola Ahmed Tinubu has formally commended the Bank of Industry (BOI) for achieving its highest annual financing volume in history, disbursing a staggering N636 billion to Nigerian businesses in 2025. This performance, announced in early February 2026, is being hailed as a validation of the administration's macroeconomic reforms designed to unlock capital for the
- [Cosmas Maduka: “Salary is Medicine for Poverty, Not a Cure”](https://www.naijapreneur.com/cosmas-maduka-salary-is-medicine-for-poverty-not-a-cure/) - At the Flutterwave 10th Anniversary Gala Night, held on February 11, 2026, at The Delborough Lagos, the legendary founder of Coscharis Group, Dr. Cosmas Maduka (CON), delivered a masterclass in entrepreneurial mindset. His speech was a blend of humorous regret for missing out on early investment in Flutterwave and profound advice for Nigeria’s younger generation.
- [Ecobank Launches Business App to Tackle Nigeria’s 80% SME Failure Rate](https://www.naijapreneur.com/ecobank-launches-business-app-to-tackle-nigerias-80-sme-failure-rate/) - In a major push to enhance the sustainability of Nigeria’s small business sector, Ecobank Nigeria officially launched the Ecobank Business App on Thursday, February 12, 2026. The move is a direct response to a sobering economic reality: while SMEs contribute nearly 50% of Nigeria’s GDP, approximately 80% of them fail within their first five years
- [NNPC Financial Performance: 2025 Profits Surge to ₦5.76 Trillion](https://www.naijapreneur.com/nnpc-financial-performance-2025-profits-surge-to-₦5-76-trillion/) - On February 11, 2026, the Nigerian National Petroleum Company Limited (NNPC Ltd) released its provisional financial results for 2025, reporting a record after-tax profit of ₦5.76 trillion ($4.26 billion). These figures underscore the company's continued transition into a commercially viable, profit-driven entity following the implementation of the Petroleum Industry Act (PIA). The results highlight a
- [Turning the Tide: Governor Soludo Declares the End of Monday Sit-at-Home](https://www.naijapreneur.com/turning-the-tide-governor-soludo-declares-the-end-of-monday-sit-at-home/) - Following a high-stakes meeting with President Bola Ahmed Tinubu at the Presidential Villa on February 11, 2026, Anambra State Governor Prof. Chukwuma Soludo officially signaled a historic economic recovery for the Southeast. The governor attributed the successful reopening of the region’s commercial engines—specifically on Mondays—to a combination of decisive security crackdowns and the formal termination
- [Unity Bank Corpreneurship Challenge (Batch C, Stream 2): Empowering the Next Generation of Nigerian Entrepreneurs](https://www.naijapreneur.com/unity-bank-corpreneurship-challenge-batch-c-stream-2-empowering-the-next-generation-of-nigerian-entrepreneurs/) - In the latest round of the Unity Bank Corpreneurship Challenge (the 27th edition), held in February 2026, a new cohort of young entrepreneurs emerged from the National Youth Service Corps (NYSC) orientation camps. This initiative, a partnership between Unity Bank and the NYSC Skill Acquisition and Entrepreneurship Development (SAED) program, provides equity-free grants and mentorship to fresh
- [Connect NextGen: FG and Ericsson Launch Nigeria’s Largest Innovation Pipeline](https://www.naijapreneur.com/connect-nextgen-fg-and-ericsson-launch-nigerias-largest-innovation-pipeline/) - In a bold move to transform Nigeria from a "tech consumer" to a "global exporter of digital solutions," Vice President Kashim Shettima officially launched the Connect NextGen Innovation Hackathon on February 11, 2026, in Abuja. This four-month initiative is a strategic partnership between the Federal Government and telecommunications giant Ericsson, designed to identify and scale the next generation of Nigerian tech
- [A Taste of Nigeria: Promoting Local Resilience through the 2025/2026 Cohort](https://www.naijapreneur.com/a-taste-of-nigeria-promoting-local-resilience-through-the-2025-2026-cohort/) - As part of a strategic push to reduce Nigeria’s reliance on imports, Zedcrest Group officially unveiled the new cohort of business partners for the 2025/2026 season of its "A Taste of Nigeria" initiative on February 11, 2026. Launched originally in 2024 following a 60% depreciation of the Naira, the program champions "proudly Nigerian" brands. It provides SMEs with a
- [Scaling Success: She Wins Africa Expands to 1,000 Women Entrepreneurs](https://www.naijapreneur.com/scaling-success-she-wins-africa-expands-to-1000-women-entrepreneurs/) - Following a high-impact pilot phase that saw female-led startups collectively raise over $4 million in financing, the International Finance Corporation (IFC) and the Abdul Samad Rabiu Africa Initiative (ASR Africa) announced the expansion of the She Wins Africa program on February 6, 2026. The initiative will now scale from its initial 100 participants to support 1,000 women entrepreneurs across sub-Saharan Africa. This expansion marks
- [The $120,000 Challenge: Scaling Plastic Circularity in Africa](https://www.naijapreneur.com/24475-2/) - In a direct response to Africa's escalating waste crisis—projected to exceed 200 million tonnes annually by 2030—OceanHub Africa (OHA) and The Coca-Cola Foundation (TCCF) have launched the "Call for Bold Ideas in Plastic Circularity." Announced in early February 2026, this $120,000 pan-African initiative aims to move breakthrough scientific research and early-stage startups out of the laboratory and into the real
- [Politics of Choice: Cubana Chief Priest Rejects 2027 Support for Peter Obi](https://www.naijapreneur.com/politics-of-choice-cubana-chief-priest-rejects-2027-support-for-peter-obi/) - On February 11, 2026, celebrity socialite and businessman Pascal Okechukwu, popularly known as Cubana Chief Priest, set social media ablaze by declaring he will not support Peter Obi in the upcoming 2027 Presidential elections. This marks a significant departure from his stance in the 2023 elections, where he was a vocal supporter of the Labour Party candidate. Responding to critics on
- [Systemic Failure: The Tragic Death of 'Digital Creator Chic' and Nigeria’s Healthcare Crisis](https://www.naijapreneur.com/systemic-failure-the-tragic-death-of-digital-creator-chic-and-nigerias-healthcare-crisis/) - The tragic passing of Lucky Elohor, a 29-year-old entrepreneur and digital creator known as Digital Creator Chic, has sparked widespread outrage across Nigeria. Her death, following a car accident on the way to Ilorin in early February 2026, has been described by her mentor, Tricia Olufemi-Ojo (TriciaBiz), as a "needless death" caused by a systemic
- [What Every Entrepreneur Must Refocus on in 2026 to Get Better Results](https://www.naijapreneur.com/what-every-entrepreneur-must-refocus-on-in-2026-to-get-better-results/) - As an African entrepreneur, hustle without clarity is expensive. You can be busy, visible, and even talented, yet still struggle to get consistent results. As we step into 2026, refocusing is not about doing more but what actually moves the needle. These principles are especially helpful for starters, but if you’ve been in business for
- [TradeDepot: The Digital Engine Powering 1.2 Million Nigerian Retailers](https://www.naijapreneur.com/tradedepot-the-digital-engine-powering-1-2-million-nigerian-retailers/) - As of February 2026, TradeDepot has solidified its position as the critical "middleman" in Nigeria’s $340 billion consumer goods market. By replacing fragmented, manual supply chains with a 360° digital platform, the company is tackling the systemic inefficiencies that cause over $4 billion in annual losses across the Nigerian economy. For the millions of "mom-and-pop" shops—many run from
- [The Chrome Magnate: President Tinubu Celebrates Sir Emeka Offor at 65](https://www.naijapreneur.com/the-chrome-magnate-president-tinubu-celebrates-sir-emeka-offor-at-65/) - On February 10, 2026, President Bola Ahmed Tinubu joined world leaders and industrial captains to celebrate the birthday of Sir Emeka Offor, the Executive Chairman of the Chrome Group. Described by the President as a "fine advocate of the Nigerian enterprise," Sir Offor’s 2026 milestone marks over three decades of influence in West Africa’s energy, logistics, and
- [CAC at 35: Free Registration, AI Lawyers, and the Google Partnership](https://www.naijapreneur.com/cac-at-35-free-registration-ai-lawyers-and-the-google-partnership/) - Gemini said The Corporate Affairs Commission (CAC) marked its 35th anniversary (1991–2026) this week in Abuja with a series of massive announcements designed to modernize Nigeria’s business landscape. Registrar-General Hussaini Ishaq Magaji unveiled several initiatives that transition the agency from a regulatory body into a digital growth partner for SMEs. 1. 3,500 Free Business Registrations In the spirit of
- [The Clay Pot Philosophy: Onisasun and the Preservation of Ekiti Roots](https://www.naijapreneur.com/the-clay-pot-philosophy-onisasun-and-the-preservation-of-ekiti-roots/) - In an era of rapid culinary globalization, Onisasun, a rising brand in Nigeria’s hospitality sector, has carved out a niche by doubling down on "primitive" authenticity. Founded in 2016 by an Ekiti-born entrepreneur, the brand recently expanded from a delivery-only model to a physical walk-in restaurant space in Ibadan (located at Town Planning, beside the registry). The
- [Source-to-Shelf: Luji’s Chocolate and the Rise of Nigerian Luxury](https://www.naijapreneur.com/source-to-shelf-lujis-chocolate-and-the-rise-of-nigerian-luxury/) - In a landmark move for the African confectionery industry, Luji’s Chocolate announced its official retail launch in the United States on February 10, 2026. Founded by Nigerian-American entrepreneur Iyin Akinlabi-Oladimeji, the brand is the first single-origin Nigerian chocolate to be sold start-to-finish—from roasting to packaging—in the U.S. market. The company first broke into the spotlight in 2022 after its
- [CAC Anniversary Purge: 263 "Ghost" Companies Submitted to EFCC](https://www.naijapreneur.com/cac-anniversary-purge-263-ghost-companies-submitted-to-efcc/) - As part of the Corporate Affairs Commission (CAC)'s 35th-anniversary celebration in Abuja, Registrar-General Hussaini Ishaq Magaji, SAN, announced a major crackdown on corporate fraud. The commission has handed over 263 illegal entities to the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution, signaling a "zero-tolerance" approach to system manipulation. This purge is part of a broader effort to
- [SMEs: The Engine of Growth — Umar Ganduje Distributes Solar Irrigation & Power Systems](https://www.naijapreneur.com/smes-the-engine-of-growth-umar-ganduje-distributes-solar-irrigation-power-systems/) - Gemini said In a significant move to bolster rural economies, Engr. Umar Abdullahi Ganduje, Executive Director of Technical Services at the Rural Electrification Agency (REA), has launched a large-scale empowerment initiative in Kano State. Speaking through a statement by his spokesperson, Edwin Olofu, on Monday, February 9, 2026, Ganduje emphasized that the path to true national development lies in the
- [The Great Liquidation: Nigeria Targets Asset Sales to Plug ₦25 Trillion Deficit](https://www.naijapreneur.com/the-great-liquidation-nigeria-targets-asset-sales-to-plug-₦25-trillion-deficit/) - In a major fiscal move announced in February 2026, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed that the federal government will begin selling selected state-owned assets this year. Speaking on the sidelines of the AlUla Conference for Emerging Market Economies in Saudi Arabia, Edun positioned asset sales as a strategic alternative to
- [Access Bank Deal Terminates as Bidvest Moves on with Life Sale](https://www.naijapreneur.com/access-bank-deal-terminates-as-bidvest-moves-on-with-life-sale/) - In a significant shift for South Africa’s financial services landscape, the Bidvest Group announced on February 9, 2026, that the proposed R2.8 billion (~$157 million) sale of Bidvest Bank to Nigeria’s Access Bank has officially fallen through. The deal, which was a cornerstone of Access Bank’s Southern African expansion strategy, was terminated after the parties failed to satisfy all regulatory and customary conditions
- [February 2026 Nigeria Business Events Roundup](https://www.naijapreneur.com/february-2026-nigeria-business-events-roundup/) - Welcome to February 2026 Nigeria Business Events Roundup! Below are the list of the top Business Events happening this month of February in Nigeria. February 2026 Nigeria Business Events Roundup 1. Premium International Tradefair & Conference for Energy Industry DISCOVER the future of GREEN ENERGY BUSINESS! GRAB never before business opportunities Join the actionable
- [𝐋𝐚𝐠𝐨𝐬 𝐀𝐧𝐠𝐞𝐥 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐚𝐧𝐝 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐀𝐧𝐠𝐞𝐥 𝐀𝐜𝐚𝐝𝐞𝐦𝐲 (𝐀𝐀𝐀) 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐞 𝐥𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝 𝐂𝐨𝐡𝐨𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐚𝐠𝐨𝐬 𝐀𝐧𝐠𝐞𝐥 𝐅𝐞𝐥𝐥𝐨𝐰𝐬𝐡𝐢𝐩](https://www.naijapreneur.com/lagos-angel-network-and-african-angel-academy-aaa-announce-the-launch-of-second-cohort-of-the-lagos-angel-fellowship/) - Building on what the network started, the Lagos Angel Fellowship returns with its second cohort, continuing our work to develop thoughtful, disciplined angel investors across Africa. Delivered by the Lagos Angel Network in partnership with the African Angel Academy, and supported by the Netherlands Enterprise Agency (RVO), the fellowship is designed for 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝗯𝘂𝗶𝗹𝗱𝗲𝗿𝘀, 𝗶𝗺𝗽𝗮𝗰𝘁-𝗱𝗿𝗶𝘃𝗲𝗻
- [Targeting $500 Million: WIEG Investment Summit 2026 to Reshape Nigeria’s MSME Landscape](https://www.naijapreneur.com/targeting-500-million-wieg-investment-summit-2026-to-reshape-nigerias-msme-landscape/) - In a major bid to attract foreign direct investment (FDI), the World International Economic Group (WIEG) Nigeria has announced its inaugural International Investment Summit, scheduled for February 25 and 26, 2026, at the Four Points by Sheraton Hotel, Victoria Island, Lagos. Under the theme “Nigeria’s Next Frontier: Unlocking Sustainable Investments for Economic Transformation,” the summit
- [The Bullet Move: Champion Breweries Completes ₦57.9 Billion Capital Raise](https://www.naijapreneur.com/the-bullet-move-champion-breweries-completes-₦57-9-billion-capital-raise/) - In a major strategic pivot, Champion Breweries Plc has successfully concluded its two-phase capital-raising program, securing a total of ₦57.9 billion ($42.3 million) in February 2026. The funds are earmarked for a transformative acquisition that positions the Uyo-based company as a pan-African player in the high-growth Ready-to-Drink (RTD) and Energy Drink categories. The capital raise
- [The Rice Paradox: Balancing Cheap Imports with Local Farming Survival](https://www.naijapreneur.com/the-rice-paradox-balancing-cheap-imports-with-local-farming-survival/) - Nigeria is at a critical policy crossroads regarding its most consumed staple. According to a recent report by the National Agribusiness Policy Mechanism (NAPM), the federal government has been advised to close all existing rice import channels. This recommendation seeks to protect local farmers but carries the immediate risk of reversing the recent drop in
- [From Startup to State Infrastructure: Bujeti’s Quest to Digitizing 40 Million Businesses](https://www.naijapreneur.com/from-startup-to-state-infrastructure-bujetis-quest-to-digitizing-40-million-businesses/) - In February 2026, the Y Combinator-backed fintech Bujeti transitioned from a high-growth startup to a core piece of Nigeria’s national economic infrastructure. By signing a landmark partnership with the Presidential Committee on Economic and Financial Inclusion (PreCEFI), Bujeti is now the primary technical backbone for a federal program aimed at training and formalizing 10 million
- [The Great Clean-Up: CAC Delists 400,000 Companies to Sanitize Registry](https://www.naijapreneur.com/the-great-clean-up-cac-delists-400000-companies-to-sanitize-registry/) - In a major move to bolster Nigeria’s economic integrity, the Corporate Affairs Commission (CAC) has delisted more than 400,000 inactive and non-compliant companies from its official register. Announced by Registrar-General Hussaini Ishaq Magaji during the Commission’s 35th-anniversary celebrations in February 2026, the exercise targeted "shell companies" that posed significant risks to transparency and investor trust.
- [Beyond the Crown: Triona Uwem on Purpose, Impact, and Resilience](https://www.naijapreneur.com/beyond-the-crown-triona-uwem-on-purpose-impact-and-resilience/) - In a powerful reflection shared on February 7, 2026, celebrated author, entrepreneur, and six-time beauty queen Triona Uwem redefined what it means to hold a title. For Uwem, the crowns she wore were never the destination; they were a megaphone for a life dedicated to service and storytelling. Uwem, an Akwa Ibom-born powerhouse, has successfully
- [Luxury with a Legacy: The Inaugural DIASPORA Ball Redefines "Detty December"](https://www.naijapreneur.com/luxury-with-a-legacy-the-inaugural-diaspora-ball-redefines-detty-december/) - Lagos witnessed a shift in its festive narrative as the maiden edition of the DIASPORA Ball took center stage at EbonyLife Place, Victoria Island. Moving away from the typical high-energy party scene, the event introduced a "premium lifestyle experience" that successfully merged the elegance of the diaspora with the vibrant energy of Lagos. The ball
- [The Quiet Impact: Dr. Donald Peterson and the D-Peterson Foundation](https://www.naijapreneur.com/the-quiet-impact-dr-donald-peterson-and-the-d-peterson-foundation/) - In early February 2026, Dr. Donald Peterson, President and Founder of the D-Peterson Foundation, reaffirmed his long-standing commitment to community development and youth empowerment. Operating with a philosophy of "outcomes over publicity," Dr. Peterson has become a central figure in Nigeria's grassroots transformation, particularly in Delta State. Beyond his philanthropic work, Dr. Peterson currently serves
- [Milestone at 65: President Tinubu Honors Waltersmith Chairman Abdulrazaq Isa](https://www.naijapreneur.com/milestone-at-65-president-tinubu-honors-waltersmith-chairman-abdulrazaq-isa/) - On February 7, 2026, President Bola Ahmed Tinubu extended his congratulations to Mr. Abdulrazaq Isa, the co-founder and chairman of Waltersmith Petroman Oil Limited, as he celebrated his 65th birthday. The President’s message, delivered through his Special Adviser on Information and Strategy, Bayo Onanuga, lauded Isa as a "business leader with the Midas touch" and
- [Billion-Naira Strategy: Business Strategy Lounge Convenes Top CEOs in Lagos](https://www.naijapreneur.com/billion-naira-strategy-business-strategy-lounge-convenes-top-ceos-in-lagos/) - On January 31, 2026, the Lagos Marriott Hotel became the nerve center for high-level corporate recalibration as Business Strategy Lounge (BSL) hosted its first CEO Strategy Meeting of the year. Unlike traditional talk-shop conferences, the session was structured as a "working lab" where founders and executives dissected their operations to fix "revenue leaks" and design
- [The "Perfect Storm": Nigeria’s Business Confidence Hits 6-Month Low](https://www.naijapreneur.com/the-perfect-storm-nigerias-business-confidence-hits-6-month-low/) - In January 2026, the Nigerian business environment faced a sharp deceleration as a "perfect storm" of tax reforms, fuel price hikes, and a post-festive demand slump took hold. While the economy technically remained in expansion, the latest data from the Nigerian Economic Summit Group (NESG) and the Stanbic IBTC PMI show that the private sector
- [The $75 Million Cashew Shift: Scaling Value in Ogun State](https://www.naijapreneur.com/the-75-million-cashew-shift-scaling-value-in-ogun-state/) - In early February 2026, a major financial milestone was reached to address one of the most significant gaps in Nigeria’s agricultural sector. GuarantCo, a member of the Private Infrastructure Development Group (PIDG), provided a 100% credit guarantee to back a $75 million debt facility for Robust International Pte Ltd. This investment is specifically earmarked for
- [The West African Energy Hub: Ghana Targets Dangote Refinery for Fuel Security](https://www.naijapreneur.com/the-west-african-energy-hub-ghana-targets-dangote-refinery-for-fuel-security/) - On February 5, 2026, during the Nigeria International Energy Summit (NIES) in Abuja, the CEO of Ghana’s National Petroleum Authority (NPA), Godwin Kudzo Tameklo, confirmed that Ghana is positioning itself as a primary "offtake market" for the Dangote Petroleum Refinery. As Nigeria transitions from a fuel importer to a regional exporter, this partnership signifies a
- [The "Christmas Gift" Airstrikes: Navigating the 2026 US-Nigeria Lobbying Surge](https://www.naijapreneur.com/the-christmas-gift-airstrikes-navigating-the-2026-us-nigeria-lobbying-surge/) - In early 2026, the diplomatic corridor between Abuja and Washington, D.C., has become one of the most expensive and strategically active in the world. This surge in lobbying activity follows an unprecedented military intervention on December 25, 2025, which has forced both the Nigerian government and indigenous private interests to hire top-tier American "fixers" to
- [From Invisible to Found: QuePosts and the "Near Me" Revolution in Nigeria](https://www.naijapreneur.com/from-invisible-to-found-queposts-and-the-near-me-revolution-in-nigeria/) - In the fast-paced urban centers of Nigeria, consumer behavior has shifted from physical scouting to digital shortcuts. Whether it’s a commuter in Lagos searching for "restaurants near me" or a traveler in Abuja looking for a "hotel nearby," the gap between a sale and a missed opportunity is often determined by a business’s digital visibility.
- [Infrastructure Reversal: MTN Group Moves to Buy Out IHS Towers](https://www.naijapreneur.com/infrastructure-reversal-mtn-group-moves-to-buy-out-ihs-towers/) - On February 5, 2026, MTN Group—Africa’s largest mobile operator—officially confirmed it is in advanced talks to acquire the remaining 75% stake in IHS Towers it does not already own. This potential $2.76 billion deal represents a massive strategic reversal, as MTN pivots back toward owning the physical infrastructure it spent over a decade selling off.
- [The Empowerment Machine: High Chief Kestin Pondi’s 2026 Birthday Legacy](https://www.naijapreneur.com/the-empowerment-machine-high-chief-kestin-pondis-2026-birthday-legacy/) - On February 4, 2026, the Niger Delta paused to celebrate one of its most influential modern leaders, High Chief (Engr.) Kestin Ebimorbowei Pondi. Known affectionately as "Daddy Kess," the Managing Director of Tantita Security Services Nigeria Limited marked his birthday not just with festivities, but with a massive expansion of his signature humanitarian efforts. Pondi
- [Industrial Visionary: Chief John Ezeobi Named Sun Industrialist of the Year 2025](https://www.naijapreneur.com/industrial-visionary-chief-john-ezeobi-named-sun-industrialist-of-the-year-2025/) - On Saturday, January 31, 2026, the Nigerian business and political elite gathered at the Expo Convention Centre, Eko Hotels and Suites in Lagos for the prestigious Sun Awards. The night’s industrial spotlight belonged to Chief John Ezeobi, Chairman of Zobis Cables Limited, who was honored as the Sun Industrialist of the Year 2025. The award
- [Supply First, Price Later: NNPC’s 2026 Strategy Under GCEO Bayo Ojulari](https://www.naijapreneur.com/supply-first-price-later-nnpcs-2026-strategy-under-gceo-bayo-ojulari/) - At the Nigeria International Energy Summit (NIES) 2026 held in Abuja on February 4, 2026, the Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, outlined a pragmatic "execution-first" strategy for Nigeria’s energy future. Ojulari, who took the reins from Mele Kyari in April 2025, has shifted the company’s focus toward commercial viability, acknowledging
- [Golden Jubilee & Digital Frontlines: The Transformation of Imo State (1976–2026)](https://www.naijapreneur.com/golden-jubilee-digital-frontlines-the-transformation-of-imo-state-1976-2026/) - As Imo State celebrates its 50th Anniversary in 2026, the narrative of the "Eastern Heartland" has shifted from traditional commerce to a high-speed digital economy. Under the leadership of Governor Hope Uzodimma, the state has moved from being a participant in the digital age to a sub-national leader, establishing Nigeria’s first-ever Ministry of Digital Economy
- [The North-South Corridor: Unlocking $10 Billion in Nigeria–Morocco Trade](https://www.naijapreneur.com/the-north-south-corridor-unlocking-10-billion-in-nigeria-morocco-trade/) - As the second edition of the Nigeria–Morocco Business Week kicks off on February 9, 2026, both nations are making a strategic push to bridge the gap between diplomatic warmth and commercial depth. Spanning Lagos, Kano, and Abuja, the four-day forum aims to unlock an estimated $7 billion to $10 billion in untapped bilateral trade potential.
- [Audacious Moves: LG and CleanAce Energize Nigeria’s $1.8bn Laundry Sector](https://www.naijapreneur.com/audacious-moves-lg-and-cleanace-energize-nigerias-1-8bn-laundry-sector/) - As Nigeria’s fabricare industry eyes a growth trajectory toward $3 billion by 2035, LG Electronics Nigeria and the CleanAce Foundation & Academy have set a new benchmark for professional excellence. The partnership recently hosted the Hyper Masterclass Conference at the Providence Hotel in Lagos, themed ‘Making Audacious Moves in 2026’. The event brought together members
- [Applied AI: Nigeria’s "Critical Infrastructure" and the 2031 Vision](https://www.naijapreneur.com/applied-ai-nigerias-critical-infrastructure-and-the-2031-vision/) - As Nigeria marks the start of 2026, the conversation around technology has shifted from merely consuming foreign tools to building a sovereign AI ecosystem. Kehinde Opara, a senior software engineer at Upperlink Limited, has issued a compelling call to action: Nigeria must treat Artificial Intelligence not just as a "software trend," but as critical infrastructure—on
- [The City Boy Movement: Obi Cubana Enters the Political Arena for 2027](https://www.naijapreneur.com/the-city-boy-movement-obi-cubana-enters-the-political-arena-for-2027/) - In a high-profile meeting on February 2, 2026, billionaire entrepreneur and socialite Obinna Iyiegbu (Obi Cubana) officially transitioned from a business powerhouse to a strategic political player. Hosting Seyi Tinubu, the son of President Bola Ahmed Tinubu, at his Abuja residence, Cubana accepted his appointment as the South-East Coordinator for the City Boy Movement (CBM).
- [A ₦501 Billion Reset: Resolving the Decade-Old Power Debt](https://www.naijapreneur.com/a-₦501-billion-reset-resolving-the-decade-old-power-debt/) - On February 3, 2026, Nigeria reached a landmark milestone in its journey toward energy stability with the launch of a ₦501 billion bond. This is the first tranche of the Federal Government's massive ₦4 trillion Power Sector Bond Programme, designed to clear a decade of "legacy debts" that have historically paralyzed the electricity market. This
- [The Epstein Files: A Billionaire’s Hesitation in the Nigerian Oil Market](https://www.naijapreneur.com/the-epstein-files-a-billionaires-hesitation-in-the-nigerian-oil-market/) - Newly surfaced documents from the "Epstein Files" released in early 2026 have shed light on a surprising chapter in the financial dealings of the late American financier, Jeffrey Epstein. The documents reveal that in 2010, Epstein explored the possibility of "lifting" Nigerian crude oil—a high-stakes trade that involves purchasing large volumes of oil directly from
- [Aba’s Digital and Industrial Renaissance: SME Villages, Export Labs, and Electric Buses](https://www.naijapreneur.com/abas-digital-and-industrial-renaissance-sme-villages-export-labs-and-electric-buses/) - As of February 4, 2026, Abia State has entered a high-velocity phase of urban and economic reform. Following the weekly State Executive Council meeting, the administration of Governor Alex Otti announced a suite of projects designed to solidify Aba’s reputation as the "Japan of Africa" while modernizing the state’s public infrastructure. 1. The Aba SME
- [Scaling the Backbone: MTN Foundation Upskills 6,000 Micro-Entrepreneurs](https://www.naijapreneur.com/scaling-the-backbone-mtn-foundation-upskills-6000-micro-entrepreneurs/) - As Nigeria moves deeper into 2026, the MTN Foundation is aggressively tackling the digital divide within the SME sector—the "engine room" of the national economy. The Phase 7 of the ICT and Business Skills Training, which kicked off on January 5, 2026, is currently in its final week, equipping 6,000 young Nigerians with the tools
- [Crossing the Atlantic: Kola Karim’s Shoreline Group Enters the U.S. Oil Market](https://www.naijapreneur.com/crossing-the-atlantic-kola-karims-shoreline-group-enters-the-u-s-oil-market/) - In a bold move that signals the rising global ambition of indigenous Nigerian firms, Shoreline Group, led by energy entrepreneur Kola Karim, has completed the acquisition of producing oil assets in the United States. Announced on the sidelines of the Nigeria International Energy Summit (NIES) 2026 in Abuja, the deal marks a rare instance of
- [Empowering the Future: Standard Chartered Graduates Cohort 6 of Women in Tech](https://www.naijapreneur.com/empowering-the-future-standard-chartered-graduates-cohort-6-of-women-in-tech/) - On February 4, 2026, the Nigerian tech ecosystem celebrated a significant milestone as the sixth cohort of the Standard Chartered Women in Tech (WIT) Nigeria officially graduated. In partnership with the Enterprise Development Centre (EDC), Pan-Atlantic University, and Village Capital, the program has reaffirmed its commitment to closing the gender gap in technology and entrepreneurship.
- [The $250 Billion Gateway: World Bank Invites Nigerian Firms to the Global Stage](https://www.naijapreneur.com/the-250-billion-gateway-world-bank-invites-nigerian-firms-to-the-global-stage/) - In a major announcement on January 27, 2026, the World Bank unveiled a massive $250 billion global procurement window, specifically urging Nigerian businesses to compete for a share of over 40,000 annual contract opportunities. Speaking at a high-level procurement seminar in Lagos, Ms. Gallina Vincelette, World Bank Vice President for Operations Policy and Country Services,
- [Fast-Track Finance: Andray Finance Launches Digital 'Nano' Credits to Close Nigeria’s Credit Gap](https://www.naijapreneur.com/fast-track-finance-andray-finance-launches-digital-nano-credits-to-close-nigerias-credit-gap/) - As of February 5, 2026, the Nigerian fintech landscape has gained a new contender focused on ethical, high-speed lending. Andray Finance Limited, an indigenous firm founded in 2024, has officially unveiled its suite of digital loan products. Designed to bypass the "bureaucratic bottlenecks" of traditional banking, Andray’s model targets the underbanked—including micro-entrepreneurs, artisans, and salary
- [The Integrated Giant: Benedict Peters and the Pan-African Expansion of Aiteo Group](https://www.naijapreneur.com/the-integrated-giant-benedict-peters-and-the-pan-african-expansion-of-aiteo-group/) - As of February 2026, Benedict Peters has cemented his position not just as a Nigerian oil tycoon, but as a pan-African "Green Czar" and industrialist. From his humble beginnings as a geographer to founding Aiteo Group, Peters has transformed a homegrown trading company into Africa’s largest indigenous oil producer, now contributing roughly 5% of Nigeria’s
- [Africa’s PachiPanda Champions Tackle Waste and Hunger](https://www.naijapreneur.com/africas-pachipanda-champions-tackle-waste-and-hunger/) - As Nigeria moves closer to its Sustainable Development Goals (SDGs) for 2030, the results of the 2024–2025 Africa PachiPanda Challenge have highlighted a new generation of "ecopreneurs" turning environmental crises into viable business models. Launched by MTN Group in partnership with the World Wide Fund for Nature (WWF), the challenge serves as a continental incubator
- [The Green Leap: Nigeria and South Korea Partner for Africa’s First Large-Scale EV Plant](https://www.naijapreneur.com/the-green-leap-nigeria-and-south-korea-partner-for-africas-first-large-scale-ev-plant/) - In a move that could fundamentally redraw Africa’s industrial map, the Federal Government of Nigeria signed a landmark Memorandum of Understanding (MoU) with South Korea’s Asia Economic Development Committee (AEDC) on January 30, 2026. This agreement paves the way for the establishment of Africa’s first full-scale Electric Vehicle (EV) manufacturing plant and a nationwide charging
- [Professionalizing the Hustle: NASME Advocates for "Structural Entrepreneurship"](https://www.naijapreneur.com/professionalizing-the-hustle-nasme-advocates-for-structural-entrepreneurship/) - As of February 2026, the narrative of Nigerian business is shifting from "survivalist hustle" to "institutionalized enterprise." During the recent induction ceremony of the Institute of Entrepreneurship and Apprenticeship Management and Administration (IEAMA) in Abuja, Dr. Abdulrashid Yerima, National President of the Nigerian Association of Small and Medium Enterprises (NASME), issued a clarion call for
- [Empowering the Demographic Dividend: Nigeria Flags Off Training for 10 Million Citizens](https://www.naijapreneur.com/empowering-the-demographic-dividend-nigeria-flags-off-training-for-10-million-citizens/) - On February 2, 2026, the Federal Government of Nigeria officially launched a historic nationwide initiative to provide free training to 10 million Nigerians in financial inclusion and literacy. Flagged off by Vice President Senator Kashim Shettima at the Presidential Villa in Abuja, the program is a cornerstone of President Bola Ahmed Tinubu’s strategy to build
- [The Gateway Strategy: Nigeria and Japan Pivot Toward AfCFTA Industrial Hub](https://www.naijapreneur.com/the-gateway-strategy-nigeria-and-japan-pivot-toward-afcfta-industrial-hub/) - The two-day Japan Business Support (JBS) forum held in Lagos on January 28–29, 2026, has officially set the stage for a new era of bilateral cooperation. Organized by the UNDP, this dialogue aimed to position Nigerian SMEs not just as local players, but as the primary exporters within the $3.4 trillion African Continental Free Trade
- [Sailing Straight to London: SIFAX Launches Direct UK Export Route for SMEs](https://www.naijapreneur.com/sailing-straight-to-london-sifax-launches-direct-uk-export-route-for-smes/) - In a significant upgrade to Nigeria’s trade infrastructure, SIFAX Shipping Company Ltd. has officially launched direct Less-than-Container Load (LCL) export services to the United Kingdom. This service, established through a strategic partnership with Netcargo UK Limited, eliminates the need for expensive and time-consuming transshipment through intermediary ports. For Nigerian Small and Medium Enterprises (SMEs), this
- [Global Market Brief: Industrial Expansion, Regulatory Crackdowns, and Economic Rebounds](https://www.naijapreneur.com/global-market-brief-industrial-expansion-regulatory-crackdowns-and-economic-rebounds/) - From the energy corridors of Abuja to the manufacturing hubs of Manchester, the start of February 2026 is marked by high-stakes industrial deals and a notable shift in business sentiment across major economies. 1. Nigeria: The Dangote-NNPC Gas Alliance In a move that anchors Nigeria’s "Decade of Gas" initiative, three Dangote Group subsidiaries (Refinery, Fertilizer,
- [The Delta Diplomat: Matthew Tonlagha’s ₦180m Global Influence Play](https://www.naijapreneur.com/the-delta-diplomat-matthew-tonlaghas-₦180m-global-influence-play/) - As the dust settles from a star-studded 50th birthday celebration in Warri, Matthew Tonlagha—the Vice Chairman of Tantita Security Services and a key ally of President Bola Tinubu—has transitioned from local "pipeline protector" to a player on the global stage. Through his company, Maton Engineering Nigeria Limited, Tonlagha has committed a monthly retainer of $120,000
- [The January Lull: Nigeria’s Private Sector Slips into Unprecedented Contraction](https://www.naijapreneur.com/the-january-lull-nigerias-private-sector-slips-into-unprecedented-contraction/) - For the first time since the Stanbic IBTC Purchasing Managers’ Index (PMI) began tracking Nigeria’s economy in 2014, the private sector recorded a contraction in the month of January. The headline PMI tumbled from 53.5 in December 2025 to 49.7 in January 2026, falling below the critical 50.0 threshold that separates growth from decline. While
- [The Survival Surge: How Nigeria’s Job Crisis is Fueling a "Nano-Business" Explosion](https://www.naijapreneur.com/the-survival-surge-how-nigerias-job-crisis-is-fueling-a-nano-business-explosion/) - As of early 2026, Nigeria is witnessing a fundamental shift in its economic DNA. With formal employment opportunities drying up, millions of citizens are pivoting toward nano-businesses and accidental entrepreneurship. While this move signals a vibrant spirit of self-reliance, new data from Moniepoint Inc. and the National Bureau of Statistics (NBS) suggest it is a
- [Celebrating Uncommon Achievers: The Sun Awards 2025 Honours Industrial Giants and Political Leaders](https://www.naijapreneur.com/celebrating-uncommon-achievers-the-sun-awards-2025-honours-industrial-giants-and-political-leaders/) - On January 31, 2026, the Expo Convention Centre at Eko Hotels and Suites, Lagos, was transformed into a sea of red and white as Sun Newspapers Publishing Limited hosted the 24th edition of the Sun Annual Awards. Themed "Celebrating Uncommon Achievers," the event honoured 37 distinguished individuals and two financial institutions for their transformative impact

## Pages

- [Homepage](https://www.naijapreneur.com/) - naijapreneur™ is the No. 1 Voice of Entrepreneurship in Nigeria! We equip Nigerian Entrepreneurs with timely Business Tips, News, Interviews, Events & Resources
- [SME Cashflow & Runway Tracker](https://www.naijapreneur.com/sme-cashflow-tracker/) - A free monthly tool to see if your business is actually making money and how many months of cash runway you have left. Built for Nigerian SMEs — figures update live.
- [The Entrepreneur's Journey Scorecard™](https://www.naijapreneur.com/entrepreneurs-journey-scorecard/) - A free yearly self-assessment for entrepreneurs. Score your progress across five principles and find the one bottleneck holding your business back.
- [SME Toolkit](https://www.naijapreneur.com/sme-toolkit/) - Three free tools for Nigerian small businesses: track your cashflow and runway, find grants you qualify for, and score your progress as an entrepreneur.
- [Grant & Funding Finder](https://www.naijapreneur.com/grant-finder/) - Answer a few questions and instantly see which Nigerian and international grants and funding programmes your business qualifies for. Free. Updated regularly.
- [Events](https://www.naijapreneur.com/nigeria-business-events-directory/) - The most complete calendar of business events in Nigeria — conferences, summits, trade fairs and expos across Lagos, Abuja, Port Harcourt and beyond. Browse by month, add to your calendar, or submit your event free.
- [Datafrika](https://www.naijapreneur.com/datafrika/) - Datafrika — African SME Intelligence DatafrikaAfrican SME Intelligence ExploreInsightsFor FoundersSearch Database Datafrika · African SME Intelligence · Powered by MINE 1000 · M.I.N.E Media Ltd, Lagos ×Got it
- [The Nigeria Business Trends Report (2015-2025)](https://www.naijapreneur.com/nbtr-2015-2025/) - The Nigeria Business Trends Report (2015 — 2025). The 10 forces that reshaped Nigeria's SME & business ecosystem in a decade — discover the what, why & how.
- [Export Readiness Checklist](https://www.naijapreneur.com/export-readiness/) - Can you legally and profitably move goods across the border? A free export readiness check for Nigerian businesses going global. Start earning in dollars!
- [NAFDAC Readiness Checklist](https://www.naijapreneur.com/nafdac-readiness/) - Can your product, premises and paperwork survive registration? A free NAFDAC readiness check for Nigerian makers of food, drinks, cosmetics, drugs & chemicals.
- [Loan Readiness Checklist](https://www.naijapreneur.com/loan-readiness/) - How financeable does your business look on paper today? A free loan readiness check for Nigerian SMEs seeking finance from a banks or a microfinance lender.
- [Investor Readiness Checklist](https://www.naijapreneur.com/investor-readiness/) - A free investor readiness check for Nigerian founders raising angel, VC or strategic equity. Investors don’t buy potential — they buy a business they can verify
- [About naijapreneur](https://www.naijapreneur.com/about/) - The naijapreneur.com Story Sixteen years ago, a young Nigerian entrepreneur began documenting his journey. There was no grand strategy. No media company. No ecosystem buzzwords. Just lessons — hard-earned lessons. Built from wins, failures, experiments, and the relentless pursuit of growth. That entrepreneur was Tito Philips. What started as a weekly entrepreneurship blog became
- [Contact](https://www.naijapreneur.com/contact/) - naijapreneur™ is a registered trademark owned and published by M.I.N.E Media Ltd. Address: 88, Opebi Road, Ikeja, Lagos, Nigeria. Phone: +234 802 851 8313, +234 815 480 2848 Email: General Enquiry: hello [@] naijapreneur.com News/Article Submissions: news [@] naijapreneur.com Event Submissions: events [@] naijapreneur.com Advertisements: ads [@] naijapreneur.com Media Partnership: partner [@] naijapreneur.com Spotlight Features: spotlight [@] naijapreneur.com Get in
- [Our Authors](https://www.naijapreneur.com/our-authors/) - Here's a list of all of our authors.
- [Lost API Key](https://www.naijapreneur.com/lost-api-key/) - [woocommerce_api_manager_lost_api_key]
- [Business Strategy Sessions: A Monthly Business Clinic For Nigerian SMEs](https://www.naijapreneur.com/business-clinic/) - Re-think. Re-strategize. Network. Succeed. What is it? Business Strategy Sessions is a monthly business clinic for only 10 serious minded entrepreneurs who rather than complain about their business challenges are determined to seek strategic insights to overcome them. This is NOT a seminar, neither is it a workshop. This is a THINK TANK; group consulting/coaching
- [Founder](https://www.naijapreneur.com/about/founder/) - WHAT I DO! 1) I help ordinary people build SIGNIFICANT [extraordinary] companies that are profitably changing the world. It's called business consulting. 2) I create unusual websites + online marketing campaigns that will take your brand global and bring you clients from where you least expected -worldwide! It's called e-marketing. 3) I help give your business an
- [Digital Marketing ](https://www.naijapreneur.com/digital-marketing/)
- [Archive](https://www.naijapreneur.com/archive/)
- [Join US!](https://www.naijapreneur.com/about/join-us/) - “At the crux of every major revolution, movement, change or event in human history, someone, somewhere made a seemingly minor decision that brought about such major impact!” Are you prepared to be that someone? Become ONE of US - Join the MOVEMENT! Together CHANGING THE WORLD through entrepreneurship! [ois skin="Page optin"]
- [MADphilips](https://www.naijapreneur.com/madphilips/) - We do the unusual [extraordinary] in order to achieve the unusual [extraordinary!]. MADphilips is an international development company founded in 2006 by Tito Philips, Jnr. to contribute significantly to the development of people, businesses and lives worldwide. We are a Nigerian brand with a global message – SIGNIFICANCE. We are on the mission of exporting
- [Work With Us](https://www.naijapreneur.com/work-with-us/) - Let us partner with You to greatness! HOW MAY WE HELP YOU? We deliver principles that inspire successful practices which brings about SIGNIFICANT results. We delight in bringing your unusual ideas or projects to life. We can help you escape the deadly trap of survival by empowering you to make that needed transition into the

## My Templates

- [SmartMag Kit](https://www.naijapreneur.com/?elementor_library=smartmag-kit)
- [Default Kit](https://www.naijapreneur.com/?elementor_library=default-kit)
- [Default Kit](https://www.naijapreneur.com/?elementor_library=default-kit-2)
- [SmartMag Kit](https://www.naijapreneur.com/?elementor_library=smartmag-kit-2)

## Categories

- [Uncategorized](https://www.naijapreneur.com/category/uncategorized/)
- [Leadership](https://www.naijapreneur.com/category/leadership/)
- [Entrepreneurship](https://www.naijapreneur.com/category/entrepreneurship/)
- [Management](https://www.naijapreneur.com/category/management/)
- [Articles](https://www.naijapreneur.com/category/archives/)
- [Marketing](https://www.naijapreneur.com/category/marketing/)
- [Profitability](https://www.naijapreneur.com/category/financial-management/)
- [Strategy](https://www.naijapreneur.com/category/strategy/)
- [e-Marketing](https://www.naijapreneur.com/category/marketing/differentiate-online/)
- [Start Up](https://www.naijapreneur.com/category/start-up/)
- [Interviews](https://www.naijapreneur.com/category/interviews/)
- [Featured](https://www.naijapreneur.com/category/featured/)
- [News](https://www.naijapreneur.com/category/news/)
- [Spotlight](https://www.naijapreneur.com/category/spotlight/)
- [Events](https://www.naijapreneur.com/category/events/)
- [Tech](https://www.naijapreneur.com/category/tech/)
- [Legal](https://www.naijapreneur.com/category/legal/)
- [Finance](https://www.naijapreneur.com/category/finance/)
- [MINE 1000](https://www.naijapreneur.com/category/spotlight/mine-1000/)
- [Scaling](https://www.naijapreneur.com/category/scaling/)
- [Case Study](https://www.naijapreneur.com/category/management/case-study/)

## Tags

- [Solution](https://www.naijapreneur.com/tag/solution-2/)
- [Worry](https://www.naijapreneur.com/tag/worry/)
- [Problem](https://www.naijapreneur.com/tag/problem/)
- [Problem solving](https://www.naijapreneur.com/tag/problem-solving/)
- [Critical thinking](https://www.naijapreneur.com/tag/critical-thinking/)
- [Tito Philips](https://www.naijapreneur.com/tag/tito-philips/)
- [Solomon King](https://www.naijapreneur.com/tag/solomon-king/)
- [Audrey Odogu](https://www.naijapreneur.com/tag/audrey-odogu/)
- [Fundraising](https://www.naijapreneur.com/tag/fundraising/)
- [Grants](https://www.naijapreneur.com/tag/grants/)
- [Startups](https://www.naijapreneur.com/tag/startups/)
- [Venture Capital](https://www.naijapreneur.com/tag/venture-capital/)
- [Business Strategy](https://www.naijapreneur.com/tag/business-strategy/)
- [Bolarinwa Marvellous](https://www.naijapreneur.com/tag/bolarinwa-marvellous/)
- [MINE 1000](https://www.naijapreneur.com/tag/mine-1000/)
- [Nailedit by Maran](https://www.naijapreneur.com/tag/nailedit-by-maran/)
- [Kade Keyo](https://www.naijapreneur.com/tag/kade-keyo/)
- [SBIC](https://www.naijapreneur.com/tag/sbic/)
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- [YCee](https://www.naijapreneur.com/tag/ycee/)
- [Peller](https://www.naijapreneur.com/tag/peller/)
- [creator economy](https://www.naijapreneur.com/tag/creator-economy/)
- [Nigerian SMEs](https://www.naijapreneur.com/tag/nigerian-smes/)
- [youth unemployment](https://www.naijapreneur.com/tag/youth-unemployment/)
- [entrepreneurship](https://www.naijapreneur.com/tag/entrepreneurship/)
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