Author: Gift Ifeanyi

Dr. Chima Anyaso is not just a business magnate—he is a dynamic force in Nigeria’s corporate, political, and philanthropic spaces. With over 15 years of hands-on leadership experience, Anyaso has built a flourishing conglomerate and earned recognition both at home and abroad as one of Nigeria’s most impactful young leaders. From corporate boardrooms to grassroots communities, his influence runs deep and wide. Early Life & Educational Background A native of Igbere in Bende Local Government Area, Abia State, Chima’s entrepreneurial journey began in childhood. Despite being the last child in a well-to-do family, he demonstrated a strong business sense from…

For years, Nigeria’s hardware startup scene has been riddled with challenges — from skyrocketing component costs and inadequate infrastructure to a severe lack of specialized talent. Many promising ideas have withered at the ideation stage, never making it past a pitch deck or a press release. A perfect example is the University of Ibadan’s Humane team, whose innovative assistive tech for the visually impaired won Microsoft’s Imagine Cup in 2017 — yet never saw the light of day due to zero funding and nonexistent prototyping support. But in recent years, two companies have emerged to challenge the status quo: NEV…

In a bold move to empower Nigerian youth and drive self-employment, the Federal Government is set to unveil a ₦300 billion Graduate Entrepreneurship Fund, according to the Minister of Education, Dr. Tunji Alausa. Speaking at the 28th Convocation Lecture of Lagos State University (LASU), Ojo, Dr. Alausa revealed that each graduate may access up to ₦10 million, with potential for higher sums based on need. The initiative aims to transition Nigeria from a resource-based to a knowledge-based economy, supporting young graduates in launching and sustaining their own businesses. Supporting Education as a Catalyst for Nation-Building Delivering a lecture titled “Patriotism,…

The Nigerian Postal Service (NIPOST) has issued a stern warning to courier and logistics service providers operating illegally across the country, emphasizing the need for registration and compliance with federal regulations. At the 36th Enugu International Trade Fair, Dr. Chris Ashiedu, NIPOST’s Enugu State Postal Manager, made it clear that any company or individual offering courier services without proper registration will face fines, imprisonment, or both. Illegal Operators Under Scrutiny “We are determined to bring all courier and logistics providers in Enugu State under our regulatory guidance,” Ashiedu said. So far, 29 companies have been registered under NIPOST in the…

…Sterling Bank Receives $50m Credit Line to Empower SMEs In a significant push to stimulate economic growth and regional integration across West Africa, the Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved €230 million and $10 million in new financing commitments. These approvals were made during the 91st Ordinary Board meeting held virtually on April 3, 2025, and chaired by EBID President, Dr. George Agyekum Donkor. Key Approvals and Projects $50 Million Credit Line to Sterling Bank (Nigeria) Sterling Bank will receive $50 million to support Small and Medium Enterprises (SMEs) in vital sectors…

In a renewed effort to foster a more competitive and business-friendly environment in Nigeria, the Nigeria Employers’ Consultative Association (NECA) has reaffirmed its commitment to working closely with the Nigeria Customs Service (NCS) to enhance trade, drive inclusive economic growth, and streamline customs operations. During a courtesy visit to the Customs headquarters in Abuja, NECA President Dr. Ifeanyi Okoye emphasized that collaboration between the public and private sectors is key to advancing national development. “With over 4,000 member-companies and 30 industrial associations, NECA remains steadfast in its mission to champion a more enabling and competitive business environment,” Okoye stated. Commendation…

Despite a reduction in fuel pump prices and the Federal Government’s promotion of Compressed Natural Gas (CNG) as an affordable alternative to petrol, Nigerians continue to face steep transportation costs, sparking widespread frustration among commuters and drivers alike. Across Lagos, Ogun, and Oyo states, commuters lamented that transport fares have remained unaffordable and disproportionate, even as fuel prices dropped and new cost-saving energy options were introduced. Fares Still 400% Higher Since Fuel Hike According to interviews with 31 passengers, the surge in transportation costs began when the Premium Motor Spirit (PMS) price skyrocketed to ₦1200 per litre following President Bola…

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has encouraged businesses, entrepreneurs, and investors to take full advantage of the simplified export processes now available through the Authority in order to unlock new business opportunities and enhance economic development. Speaking during the NPA Special Day at the 36th Enugu International Trade Fair, themed “Developing Nigeria’s Industrial Sector/SMEs for Economic Advancement and Global Recognition,” Dantsoho emphasized the importance of trade in driving economic growth and global competitiveness. Simplifying Export to Empower Business The NPA MD revealed that the agency has launched Export Processing Terminals (EPTs) to streamline…

The President of the Association of Small Business Owners of Nigeria (ASBON), Dr. Femi Egbesola, has raised serious concerns over the ineffectiveness of current government policies in supporting small and medium enterprises (SMEs), particularly nano businesses, which make up the vast majority of Nigeria’s informal sector. Speaking during the Vanguard Economic Discourse, Egbesola criticised the federal government for not involving private sector stakeholders in the formulation and execution of economic policies. According to him, this top-down approach is a major reason many policies fail to make the desired impact on grassroots businesses. “Policies fail because they are not co-created with…

Nigeria has reaffirmed its commitment to a strategic partnership with Swedish tech giant Ericsson, signaling a renewed push to accelerate the country’s digital transformation. During a recent meeting at the Presidential Villa in Abuja, Vice President Kashim Shettima pledged swift action on the Memorandum of Understanding (MoU) signed earlier in 2024. The MoU aims to deepen collaboration on key technology-driven initiatives between Nigeria and Ericsson. Ericsson: A Foundational Partner in Nigeria’s Tech Journey Speaking during a courtesy visit from Ericsson executives led by Mr. Patrick Johansson, Senior Vice President and Head of Market Area for Europe, the Middle East, and…

Augustine Epere, famously known as BG Wellington, is an inspiring embodiment of innovation, style, and enterprise. With a background in Computer Science from the University of Port Harcourt, BG Wellington seamlessly integrates tech-savviness with creativity, leaving an indelible mark on both the fashion and real estate landscapes in Nigeria and beyond.  Championing Smart Real Estate Through Shortlet Innovation As the founder of the Shortlet Elders Community, BG Wellington has become a leading voice in Nigeria’s growing short-term rental ecosystem. The community is a thriving hub connecting agents, hosts, and investors, promoting shared growth, transparency, and collaboration. Taking innovation a step…

Olushola Olaleye, a distinguished business consultant and entrepreneur, has announced the second edition of his highly anticipated masterclass, Positioning for Profit, set to take place on April 24th and 25th in Lagos. This year’s theme, ‘The Profit Playbook: Turning Business Challenges to Cashflow’, aims to equip SME owners and career professionals with the tools needed to overcome economic hurdles and achieve sustainable growth.  Empowering Business Owners for Financial Resilience Building on the success of its inaugural edition, Positioning for Profit 2025 promises to deliver even greater value, offering actionable strategies to help businesses scale and thrive despite the evolving economic…

As the world shifts towards renewable energy, solar power stands as a key solution, especially for resource-rich countries like Nigeria. However, despite Nigeria’s vast solar potential and increasing demand for energy alternatives, its local solar manufacturing industry remains underdeveloped. The main issue lies in a policy contradiction: while fully assembled solar panels can be imported duty-free, the essential raw materials needed to produce these panels locally are burdened with significant import duties. This policy imbalance not only hampers the growth of local manufacturers but also undermines Nigeria’s industrialization ambitions and efforts toward energy independence. If Nigeria is serious about embracing…

📍 Location: Guildhall, London 🗓️ Date: April 7–8, 2025 🏅 Event: Freedom of the City of London Award 🎖️ Honouree: Jim Ovia, Founder and Chairman, Zenith Bank The Obi of Onitsha, His Royal Majesty Alfred Nnaemeka Achebe (Agbogidi), stood among global dignitaries on April 7, 2025, as he celebrated one of Nigeria’s most influential business icons — Jim Ovia — during a landmark recognition ceremony in London.  A Global Nod to Nigerian Excellence Jim Ovia was conferred with the Freedom of the City of London, a prestigious honour reserved for individuals who have made monumental contributions to commerce, innovation, and…

📍 Location: Asaba, Delta State 🗓️ Event: Construction Projects Conference by NBA-SBL 🎙️ Speaker: Comrade Muhammed Shehu, National President, ASCSN 🧱 Theme: “Making Construction & Infrastructure Projects Work Better” The Association of Senior Civil Servants of Nigeria (ASCSN) has issued a powerful call to action for Nigeria’s infrastructure sector, urging a shift towards innovation, sustainability, and resilience. Speaking at the second edition of the Construction Projects Conference held in Asaba, Comrade Muhammed Shehu, ASCSN National President, stressed the urgency of transforming Nigeria’s infrastructure landscape.  Power Sector and Infrastructure: The Backbone of National Growth In a stirring address, Shehu emphasized that…

Venue: Pistis Conference Centre, Lekki, Lagos Event: African Knockout (AKO8) Championship Participating Nations: Nigeria, Senegal, South Africa, Morocco, Togo, Cameroon, Cote d’Ivoire Eighteen elite fighters from across Africa brought the heat to Lagos at the AKO8 Championship, turning the Pistis Conference Centre into a cauldron of adrenaline, cheers, and unforgettable MMA action. From show-stopping knockouts to dramatic disqualifications, the event was a celebration of African athleticism and rising combat sports talent. Main Event: Diatta Dominates Senegal’s Gasmire Diatta stole the spotlight, delivering a ferocious TKO victory over Morocco’s Faout Youssef in the featherweight clash. Diatta’s precision striking and relentless aggression…

A Federal High Court in Kano has sentenced renowned make-up artist, Abdullahi Huseini, popularly known as Amuscap, to six months imprisonment for the abuse and defacement of the Nigerian currency at his wedding celebration. Presiding Judge Justice S.M. Shuaibu delivered the ruling after Huseini pleaded guilty to a one-count charge filed by the Economic and Financial Crimes Commission (EFCC). The charge stated that Huseini sprayed N100,000 in ₦1000 notes during a social event on December 6, 2024, at the Ali Jita Event Centre in Kano, violating Section 21(1) of the Central Bank Act, 2007.  EFCC Statement and Investigation According to…

In a bold move to empower small businesses and energize the creative economy, Ecobank Nigeria is taking the lead with its vibrant “Oja Oge by Ecobank” initiative—a dynamic pop-up marketplace designed to showcase and support fashion, beauty, wellness, and lifestyle entrepreneurs. Following the resounding success of its inaugural edition, the bank has announced the return of Oja Oge, with the second edition scheduled to hold at the ultra-modern Ecobank Pan African Centre (EPAC) in Lagos from April 18–20, 2025.  Empowering Creatives and SMEs Oja Oge is not just an event—it’s a platform for discovery, networking, and growth. It is expected…

The National Association of Nigerian Travel Agencies (NANTA) is gearing up to tackle the issues that have hindered the growth of Nigeria’s travel market. As part of its 49th Annual General Meeting (AGM), the association will discuss the emerging challenges and seek effective measures to protect the interests of stakeholders in the travel industry. Themed “Collective Prosperity Through Market Protection,” the AGM will take place on April 9th, 2025. During the event, Yinka Folami, the President of NANTA, emphasized the importance of creating protective measures against the emerging forces impacting the sector.  Deliberating on Solutions for Market Growth In an…

The ongoing volatility in Nigeria’s foreign exchange (FX) market is severely impacting small and medium-sized enterprises (SMEs), particularly those reliant on imported raw materials. The depreciation of the naira has driven up import costs, eroded profit margins, and disrupted business operations, leaving many SMEs in a dire situation.  The Impact on Importers Recent fluctuations in the naira have escalated import costs due to factors such as declining oil prices, inflation, and other market dynamics. Despite measures implemented by the Central Bank of Nigeria (CBN), including forex restrictions and multiple exchange rates, the stability of the naira remains uncertain, with mixed…