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Author: Gift Ifeanyi
Gift Ifeanyi is a passionate and talented young web developer with a flair for storytelling and a keen interest in business and entrepreneurship. She brings a fresh perspective and a tech-savvy approach to delivering daily news and insights on the ever-evolving world of startups, innovation, and business trends. With a commitment to excellence and a drive to inspire the next generation of entrepreneurs, Gift is dedicated to creating engaging and informative content that empowers readers to thrive in the dynamic business landscape.
Top government officials, investors, and business leaders from Nigeria and Canada will gather in Ottawa later this year for the Nigeria-Canada Partnerships, Trade, and Investment Conference (NCPTIC 2025). The high-profile event, taking place October 29–31 at the Fairmont Château Laurier, aims to strengthen economic ties and foster sustainable growth between the two nations. According to Wale Adesanya, President of NCPTIC, the conference will focus on practical strategies to enhance trade, attract investments, and build cross-border partnerships. With the theme “Strengthening Bilateral Trade and Investment for Sustainable Economic Growth,” the summit is expected to be a pivotal moment for business and government collaboration. “Nigeria, as Africa’s largest economy,…
Lagos, Nigeria – The continent’s most influential blockchain innovators, entrepreneurs, and investors are set to gather at the Civic Centre, Victoria Island, this Saturday, July 5th, for Decentralized Nigeria 2025—a conference poised to shape Africa’s digital revolution. Backed by industry giants like Busha, cNGN, and Blok AI, the event has quickly become the most anticipated Web3 gathering of the year, drawing international speakers and local pioneers under the theme: “Igniting Africa’s Web3 Revolution.” A Vision for Africa’s Digital Leap Nova Phoenix, co-convener and Lyfeblood CEO, traveled from the U.S. to spearhead the initiative, driven by a mission to empower African talent. “Nigeria’s innovation potential is unmatched,” Phoenix emphasized. “This isn’t…
Madrid, Spain – Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has reinforced the country’s dedication to financial inclusion, economic empowerment, and global financial transparency during the Fourth International Conference on Financing for Development (FFD4) in Spain. Speaking on behalf of President Bola Ahmed Tinubu, Tuggar outlined Nigeria’s strategic initiatives to strengthen development finance, combat illicit financial flows, and implement progressive tax reforms—key pillars in the nation’s economic transformation agenda. Empowering MSMEs and Tackling Illicit Financial Flows The Minister highlighted Nigeria’s efforts to expand access to funding for micro, small, and medium-sized enterprises (MSMEs), particularly those led by women and youth, through institutions like the Bank of Industry and Bank…
Lagos, Nigeria – The 14th Emir of Kano, Khalifa Muhammad Sanusi II, will deliver the keynote address at the 19th International Business Law Conference, organized by the Nigerian Bar Association Section on Business Law (NBA-SBL). The high-profile event, themed “Future of Business Law in an Intelligent Age,” will take place today, Wednesday, July 2, 2025, at Harbour Point, Victoria Island, Lagos. Global Gathering of Legal and Business Minds Over 1,000 legal professionals, business leaders, and policymakers from across the world are expected to attend the conference, which will explore: ✔ AI and Legal Practice – How artificial intelligence is reshaping contracts, compliance, and dispute resolution. ✔ Regulating Emerging Tech – Blockchain, fintech, and data…
Lagos, Nigeria – Top aviation executives, financial experts, and policymakers will converge at The Providence Hotel, GRA Ikeja, on August 7, 2025, for the 29th League of Airport and Aviation Correspondents (LAAC) Conference. With the theme “Aviation Financing in Nigeria: Risks, Opportunities, and Prospects,” the event aims to address critical funding gaps and unlock investment potential in the country’s aviation sector. Key Participants & Agenda Chairman: Gbenga Alade (MD/CEO, AMCON) – Bringing expertise in financial restructuring Keynote Speaker: Gabriel Gbenga Olowo (Aviation Economist & Sabre Central/West Africa Chairman) – To analyze airline economics and sustainable financing Special Guest of Honour: Festus Keyamo (Minister of Aviation & Aerospace Development) – Highlighting government commitments…
Abuja, Nigeria – In a major move to strengthen its oil sector, the Federal Government has approved 37 new crude oil evacuation routes nationwide as part of sweeping reforms to enhance production, curb theft, and attract investment. The announcement was made by Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), during his keynote at the 24th Nigeria Oil and Gas (NOG) Energy Week 2025 conference in Abuja. Key Reforms & Milestones ✔ 37 New Evacuation Routes – Secured with military collaboration to reduce theft and improve accountability. ✔ Production Surge – Output rose from 1.46 million bpd to 1.7 million bpd, targeting 2.5 million bpd by 2026. ✔ Rig Count Boom –…
The Paradox of Potential Nigeria stands at a crossroads. With: 200+ million people (60% under 25) 37 billion barrels of oil reserves $1 trillion GDP potential by 2030 (PwC) Yet it struggles with: ✖ 63% multidimensional poverty (UNDP) ✖ 33% unemployment (Q1 2025) ✖ 40% post-harvest food losses The Root Cause: Extractive vs. Enabling Governance Extractive State Enabling State Taxes before value creation Invests first, taxes later 87 overlapping taxes/levies Singapore: 5 core taxes 8-yr avg for infrastructure ROI Rwanda: 2-yr project cycles 147th in Rule of Law Index UAE: 23rd globally 3 Strategic Shifts Needed Tax Revolution Replace 87…
LAGOS – Nigeria has thrown its weight behind a $40 billion trade financing initiative led by Afreximbank, targeting Africa’s $120 billion trade finance gap and accelerating the continent’s economic integration under the African Continental Free Trade Area (AfCFTA). The announcement came during the 2025 Intra-African Trade Fair (IATF) Business Roadshow in Lagos, where policymakers and business leaders outlined Nigeria’s strategy to dominate intra-African trade. Key Highlights 1. Afreximbank’s $40B Funding Boost Sectors Covered: Petroleum, fertilizers, logistics, fashion, and creative industries. Goal: Eliminate trade barriers and create a seamless continental market. Quote from Afreximbank’s Kanayo Awani: “This financing will empower African businesses to trade more efficiently and compete globally.” 2. Nigeria’s…
ABUJA, Nigeria – The Federal Ministry of Solid Minerals Development has unveiled plans for the 4th African Natural Resources and Energy Investment Summit (AFNIS 2025), scheduled for July 15-17, 2025 in Nigeria’s capital. This year’s edition marks a strategic shift from policy discussions to concrete investment deals and SME growth opportunities across Africa’s resource sectors. Key Summit Highlights 1. Theme & Focus “Harnessing Local Content for Sustainable Development” Special emphasis on investment-ready projects and SME scalability Over 1,000 attendees expected, including: ✓ Mining & energy startups ✓ Manufacturing SMEs ✓ Institutional investors ✓ African policymakers 2. SME Opportunities Investment Matchmaking: Connect with global financiers and development banks Innovation Showcase: Exhibit cutting-edge solutions in:…
LAGOS, Nigeria – Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank (ALAT), has reaffirmed its commitment to MSME growth by awarding N3 million in business grants to three outstanding leather entrepreneurs at the Lagos Leather Fair 2025. The winners—selected through a competitive pitch session—each received N1,000,000 to scale their businesses: EwaOluwa Morenikeji (House of Ewa Limited) – Luxury leather bags Joy Fache James (Paciencia) – Handcrafted leather goods Fatima Yusuf (House of Zibima) – Contemporary leather accessories Why This Matters Empowering Artisans: Grants enable access to better machinery, materials, and market expansion. Boosting Nigeria’s Leather Industry: A sector with $1 billion export potential (NEPC). Wema Bank’s Track Record: N300B+ disbursed…
SOFIA, Bulgaria – Olatunde Mustapha, CEO of Datesstore Nigeria Limited, has been named African Young Entrepreneur of the Year at the Bulgaria-Nigeria Forum, recognizing his pioneering work in agro-processing and Nigeria’s untapped potential as a global dates producer. Why This Matters Pan-African Recognition: Mustapha’s award highlights Nigeria’s agro-export potential on the world stage. Economic Collaboration: His proposal for Nigeria-Bulgaria agro-processing partnerships could open European markets for Nigerian dates. Innovation in Agriculture: Datesstore positions dates as health-focused superfoods, not just fruit. Key Insights from Mustapha’s Speech ✔ Nigeria’s Advantage: Ideal climate for large-scale dates production ✔ Bulgaria’s Role: Advanced processing tech and EU market access ✔ Vision: Joint processing plants in Nigeria Premium health products (date syrups, energy bars) Job creation through…
LAGOS, Nigeria – Teesas Education, a leading African edTech platform, has unveiled its 2025 Summer School Programme, designed to equip children and teenagers (ages 8–18) with cutting-edge STEM, vocational, and entrepreneurial skills during the holiday break. Programme Highlights Dates: Cohort 1: July 21 – August 21 Cohort 2: August 11 – 28 Locations: Ikeja & Lekki, Lagos Curriculum: ✔ Tech & Innovation: Coding, AI, animation, graphic design ✔ Vocational Skills: Phone/tablet repairs, digital arts ✔ Entrepreneurship: Business ideation, pitch training, startup funding opportunities ✔ Exam Prep: UTME/WAEC readiness via adaptive testing ✔ Leadership: Lessons from “The 7 Habits of Highly Effective Teens” Unique Opportunity: Live pitch session with top entrepreneurs (including a billion-dollar startup…
LAGOS, Nigeria – Ecobank Nigeria, in partnership with Heave Ventures, has unveiled InnovateX, a groundbreaking competition offering N20 million in prizes to young Nigerian innovators in creative arts and STEM (Science, Technology, Engineering, and Mathematics). Key Details Target: Nigerians aged 16–25 (creatives & STEM enthusiasts) Prize Pool: N20M shared among top 10 winners Features: ✔ Hybrid boot camps (expert-led training) ✔ Pitch workshops & mentorship ✔ Grand finale with industry judges ✔ International exposure opportunities STEM Track: Developers, engineers, and tech innovators Creative Track: Designers, artists, and content creators Why This Matters Business Skills for Creatives: Teaches monetization, branding, and scaling Tech Commercialization: Helps STEM talents pitch ideas to investors Financial Inclusion: Promotes Ecobank’s Blaze Account for…
ADO-EKITI, Nigeria – Ekiti State Governor Biodun Oyebanji has reaffirmed his administration’s commitment to transforming Ekiti into a top investment destination in Nigeria, unveiling new policies to eliminate bureaucratic bottlenecks, improve infrastructure, and fast-track business growth. The pledge was made during a Presidential Enabling Business Environment Council (PEBEC) Town Hall Meeting in Ado-Ekiti, where state officials and private sector leaders discussed strategies to boost investor confidence. Key Reforms Underway Zero Fees for Business Registration – Waivers for new enterprises One-Stop Investment Shop – Speedy permits via Ekiti State Development & Investment Promotion Agency (EKDIPA) Transition Law – Ensures continuity of projects across administrations Investor Aftercare Program – Ongoing support for businesses post-setup Power & Infrastructure Upgrades – Improved…
NORTHERN NIGERIA – At 34, Osomobegbe Eugene has turned a university project into Osomobegbe Global Ventures (OGV), a solar drying enterprise helping 4,000+ smallholder farmers preserve their crops and boost incomes. His innovation tackles Nigeria’s 40% post-harvest losses, earning him recognition as a pioneer in sustainable agritech. From Classroom to Farm: The OGV Story 2010: Started prototyping solar dryers as a student using transport allowance and teaching earnings. 2019: Officially launched OGV after securing a $5,000 grant, scaling from 300 to 4,000 farmers. 2024: Operates industrial-scale dryers for tomatoes, fish, mangoes—extending shelf life to 1+ year. Key Partners: Palladium, local farming cooperatives, state agricultural agencies. How OGV’s Solar Dryers Work Locally Sourced…
LAGOS, Nigeria – At just 27, Chibunna Ogbonna, founder of Kiru Energy, is revolutionizing Nigeria’s renewable energy sector—one solar panel at a time. His cleantech startup, which began as a solo venture in 2017, now powers homes and businesses across Nigeria with minigrids, rooftop solar, and battery inverters, while creating jobs for young Africans. From ₦1,850 to ₦15M: The Kiru Energy Journey 2017: Launched with $5 for a logo and a dream. 2018: Secured first grant ($250), incorporated the company. 2020: Won $10,000 in CleanTech Hub’s accelerator, scaled operations. 2024: Hit ₦15M revenue, installed 250+ kW of solar, served 30+ clients. Chibunna’s Inspiration: “Bill Gates started Microsoft at 19. I knew age…
ABUJA – In a major push to foster youth entrepreneurship, the Federal Government has unveiled a N50 million Student Grant Venture Capital Initiative to support scalable student-led businesses across Nigerian universities. Education Minister Dr. Tunji Alausa announced the scheme on Wednesday during the inauguration of the Research and Innovation Commercialisation Committee (RICC), emphasizing its role in bridging the gap between academia and industry. Key Details of the Initiative Target Beneficiaries: 300-level+ undergraduates with market-ready innovations. Startups with proven business models seeking expansion capital. Focus Areas: Converting student research into commercial products/services. Boosting globally competitive enterprises from Nigerian campuses. Partnerships: TETFund (Anchor) Bank of India (Funding/Technical Support) Why This Matters Economic Shift: Aligns with Tinubu’s…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a pivotal achievement in the construction of the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline, confirming the successful crossing of the River Niger—one of the project’s most challenging phases. The milestone was disclosed on NNPC’s official X (formerly Twitter) account and further elaborated by Group Chief Executive Officer (GCEO) Bayo Ojulari during his keynote speech at the Nigeria Oil and Gas Energy Week Conference in Abuja. A Transformational Energy Project The 614-kilometer, 40-inch pipeline—stretching from Ajaokuta in Kogi State to Kano—is one of Nigeria’s most critical energy infrastructure developments. Once completed, it is expected to: Enhance domestic gas supply Boost power…
Across Africa, beauty brands are turning masterclasses into a powerful tool for engagement, education, and sales. These events—blending hands-on learning with entertainment—are helping global and local brands connect with consumers in a market hungry for immersive beauty experiences. A New Era of Beauty Engagement In June, Maybelline (owned by L’Oréal) hosted Glamland, its first-ever beauty convention in Lagos, Nigeria. The event drew 500+ makeup artists, influencers, and enthusiasts for masterclasses led by Nigerian artist Bimpe Onakoya and British-Jamaican TikTok star Mikai McDermott. Alongside tutorials, the event featured panel discussions, interactive booths, and live music—creating a festival-like atmosphere. Other brands are following suit: Kylie Cosmetics held a masterclass at Arc Store in South Africa. Fenty Beauty hosted…
KANO – In a landmark achievement for youth empowerment, 95 young Nigerians have graduated from the Digital Entrepreneurship for Nigerian Youth Programme, a transformative initiative blending agriculture with digital innovation. The ceremony, held in Kano on Saturday, was hailed as a turning point for economic and technological advancement in the region. A New Generation of Agri-Tech Leaders Presided over by Alhaji Abdussalam Abdulkareem Zaura, President of the AA Zaura Foundation International, the graduation marked the culmination of an intensive training program developed in partnership with the University of Sunderland and London Academy Business School. “This is not just about certificates—it’s about equipping our youth to become job creators,…