Category: Business & Industry
The Federal Government says Africa’s route to food self-sufficiency and economic prosperity depends on deliberate investment in agricultural science, technology and cross-border innovation. Speaking at the opening of the 9th Africa Agriculture Science Week and the 10th General Assembly of the Forum for Agricultural Research in Africa in Abuja, Minister of Agriculture and Food Security […]
The Lagos Chamber of Commerce and Industry has called on government at all levels to overhaul policies affecting the competitiveness of local manufacturers, warning that regulatory bottlenecks, an uneven import duty regime and weak support for indigenous industry are pushing up production costs and deterring investment. Presenting a review of the economy, LCCI president Leye […]
Nigerian-American entrepreneur Yinka Ogunbiyi has closed a $7 million seed round to commercialise HaloBraid, billed as the first patented braid-assist mechanical technology of its kind. The round was led by Seven Seven Six, the venture firm founded by Reddit co-founder Alexis Ohanian, with further backing from AlleyCorp and Bling Capital. The startup enters its commercial […]
Fintech operator OPay has set out a layered approach to fraud prevention, presented at a media parley on 16 July, built around applying friction selectively rather than uniformly. The model is risk-based: routine transfers pass through unimpeded, while transactions judged higher risk trigger facial verification. Several controls sit on top of that. Night Guard requires […]
Dangote Petroleum Refinery has ended naira-based pricing for Premium Motor Spirit (petrol), fixing its gantry ex-depot price at $0.779 per litre under a new dollar-denominated framework for refined products effective July 13, 2026. At the official exchange rate of N1,380.50 to the dollar, the new reference price translates to roughly N1,075.61 per litre — but […]
Nigeria’s food services industry is projected to nearly double in value over the next five years — from an estimated $11.09 billion in 2025 to $19.31 billion by 2030 — according to a new study by fintech company Moniepoint titled “What it Takes to Feed Nigeria Everyday.” The report forecasts average annual growth of 11.73 […]
Cryptocurrency expert Sunusi Danjuma Ali has urged young Nigerians to build a solid understanding of blockchain technology and risk management before putting money into digital assets. Speaking in Abuja, Ali laid out strategies for safer participation in the crypto market — with education as the non-negotiable first step. The advice lands in one of the […]
A court has ruled that the Federal Competition and Consumer Protection Commission (FCCPC) acted lawfully in investigating Air Peace over airfare complaints — another legal defeat for the airline in its long-running pushback against the regulator. The ruling affirms the FCCPC’s authority to investigate consumer complaints and examine pricing practices in the aviation sector. The […]