• September 24, 2022
  • Last Update September 24, 2022 3:59 am
  • Lagos

Blog

Entrepreneurs

AfDB, Islamic Development Bank, France to invest $618 million in Nigerian creatives

In a bid to boost funding for Nigerian creatives, the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) have announced plans to invest the sum of $618 million dollars in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria. This was disclosed by the president of the AfDB, Dr […]

Read More
Entrepreneurs

2022 Nimbus Aid Project Call for Applications: (Win N2M Free Advertising)

The Nimbus Aid Project seeks to support 10 women-led SMEs and pre-seed startups with ₦2 million worth of advertising each on Nimbus’s outdoor advertising screens across Nigeria. Eligibility Applicants’ businesses are expected to be registered companies with viable businesses that have the potential to create jobs and economic opportunities. Benefit 10 women-led SMEs and pre-seed […]

Read More
Capital

IFC, Global SME Finance Forum Awards recognise 4G Capital ‘Global Responsible Digital Innovator of the Year’

4G Capital, a market leading neobank powering micro and small business growth in Kenya and Uganda, received an Honourable Mention for Responsible Digital Innovator of the Year at the 2022 Global SME Finance Forum Awards on September 21st. Organised by SME Finance Forum, established by the G20 and managed by the World Bank’s International Finance Corporation (IFC), […]

Read More
Breaking News

2022 Ehingbeti Summit: Lagos, Stakeholders Restate Commitment to Resolutions

The Lagos State Government is concluding plans to hold the 2022 Ehingbeti Summit and the State Governor, Mr. Babajide Olusola Sanwo-Olu has restated his administration’s commitment to the full implementation of the summit’s resolutions as done in the past. Speaking today at the Chartered Institute of Bankers (CIBN)/Lagos Economic Summit Group (LESG) Private-Public Partnership Pre-Ehingbeti […]

Read More
Entrepreneurs

Tony Elumelu Foundation, UNCDF sign African Youth Entrepreneurship Agreement

The Tony Elumelu Foundation and the UN Capital Development Fund (UNCDF) yesterday signed an agreement to support youth entrepreneurship in Africa, with a specific focus on historically underinvested areas within African frontier markets. In bringing together the expertise, experience and boots-on-the-ground presence in African markets of The Tony Elumelu Foundation and UNCDF, the two organizations […]

Read More
Arts & Lifestyle

Queen Elizabeth II: The World bids final farewell to Her Majesty

Some scenes showing the queen’s flag-draped coffin, the Imperial State Crown, her orb and sceptre, carried in measured steps to a gun carriage from parliament’s Westminster Hall where it had lain in state since Wednesday. (PHOTO AFP)

Read More
Entrepreneurs

Youth Builders Initiative empowers Rural Youth Entrepreneurs in Nigeria

Youth Builders Initiative empowers Nigerian Rural Youth EntrepreneursA Nongovernmental Organization based in Nigeria, the Youth Builders Initiative (YBI) under its Economic Stimulus for Rural Entrepreneurs (ESREN) program has awarded debut grants to five rural entrepreneurs out of more than 200 applicants in honor of the 2022 International Youths Day. The program which was launched in […]

Read More
Corporate

MTN Foundation committed to Youth Development in Nigeria – Sanya

The Executive Secretary, MTN Foundation, Odunayo Sanya, has said that the MTN Foundation is committed to youth development and building entrepreneurial skills, in order to bridge employment gaps in Nigeria. She disclosed this during a panel discussion at the 7th annual Project Management Institute (PMI) Africa conference held at Eko Hotels, Lagos. The event, when […]

Read More
Entrepreneurs

Lagos pledge to Support Export, Commodity Brokers

Lagos State Government has assured the Chartered Institute of Export and Commodity Brokers of Nigeria (CIECOBON) of its support to promote the export of locally made goods. The Commissioner for Commerce, Industry and Cooperatives, Dr. (Mrs.) Lola Akande gave the assurance when the leadership of the Institute, led by the President/Chairman, Dr. Ayobami Omotoso, paid […]

Read More
Sports

Amusan, Other Athletes receives N200m, National Honours

Nigeria’s gold medallist, Tobi Amusan, and other athletes on Thursday received national honours conferred by President Muhammadu Buhari, for their sterling performances at different international competitions. At the ceremony which was presided over by Buhari, the Team Nigeria contingents to the 2022 Commonwealth Games and World Athletics Championships got N200 million from the Commander-in-Chief. They […]

Read More
AgricTech

Pitch AgriHack 2022 Winners Emerge

African agritech innovators from all four corners of the continent claimed victory in the 8th edition of Pitch AgriHack. The 2022 competition saw a 30% increase in completed applications with entries rolling in from 37 African countries. Representing Egypt and Tunisia in the north, Zimbabwe in the south, Ghana and Nigeria in the west, and Kenya […]

Read More
Corporate

VISA, CIB announce winners of She’s Next Grant Program

VISA, the world’s leader in digital payments, today announced the winners of its She’s Next grant program in Egypt at an award ceremony in partnership with Commercial International Bank (CIB) and USAID. Under the initiative, five Egyptian women-led businesses in Egypt received a US$10,000 grant and a year of business coaching from IFundWomen to help […]

Read More
Entrepreneurs

Call for Applications: YouthADAPT Challenge ($100,000 Grant for each Winner)

The Youth Adaptation Solutions Challenge (YouthADAPT Challenge) is an annual competition and awards program for youth-led enterprises (50% women-led) jointly organised by the Global Center on Adaptation (GCA), the African Development Bank (AfDB) and Climate Investment Funds (CIF) as part of the Africa Adaptation Acceleration Program YouthADAPT Flagship Program. This challenge seeks to boost sustainable […]

Read More
Entrepreneurs

SMEDAN commences 3-day training for 100 Entrepreneurship Teachers; launches Secondary School Competition in 2023

The Small and Medium Enterprises Development Agency (SMEDAN) has started a three-day capacity-strengthening training of 100 entrepreneurship teachers in Damaturu, Yobe. Mr. Olawale Fasanya, Director-General of SMEDAN, disclosed this during the start of the training session on Tuesday in the state capital, Damaturu. The exercise is being carried out under the agency’s Mind Shift Entrepreneurship […]

Read More
Breaking News

Nigeria partners India in local production of Covid-19 vaccine

The Federal Government and the Serum Institute of India have announced a partnership in producing vaccines locally to advance vaccine equity in Nigeria. This was disclosed by Dr. Faisal Shuaib, ED/CEO, National Primary Health Care Development Agency on Tuesday. He stated that talks would be a launchpad towards vaccine self-sufficiency in Nigeria. Dr Shuaib noted that local vaccine production […]

Read More
Corporate

SMEDAN empowers 740 SMEs to compete in African Continental Free Trade Area, AFCFTA, with Branding and Packaging Training

The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN is organizing a nationwide capacity building program for 740 SMEs on Product Branding and Packaging.The key objective is for Made in Nigeria products to become more competitive in the international market, within the context of the African Continental Free Trade Area, AFCFTA.The training program will […]

Read More
Breaking News

Buhari commends regulators on stabilising financial system

President Muhammadu Buhari has commended Nigeria’s financial sector regulators for their ingenuity in stabilising the country’s economy despite the global economic crisis caused by the COVID-19 pandemic and the invasion of Ukraine by Russia . According to the President, the economic crisis could have destabilised the Nigerian financial sector but for the ingenuity of the […]

Read More
Politics

2023: INEC removes 1.1 Million ‘Invalid’ Registrations

Ahead of the 2023 general elections, the Independent National Electoral Commission (INEC) has removed 1.1 million fresh registrants from its registers.  According to the INEC National Commissioner and Chairman, Information and Voter Education Committee, Festus Okoye on Tuesday; “the cleaning up of the register of voters using the Automated Biometric Identification System (ABIS) is ongoing […]

Read More
Corporate

CIBN renews commitment to professionalism

The Chartered Institute of Bankers of Nigeria (CIBN) has renewed commitment to training its members to enhance professionalism in the banking sector. Enugu State Chairman of the Institute, Dr. Iheanyi Nwogu, stated at the 2022 yearly general meeting of the branch, at the weekend, that the decision followed the realisation that a lot of people […]

Read More
Breaking News

‘God Save The King!’ King Charles Smiles; Greets Crowd At Palace

A smiling King Charles III shook hands with some amidst thousands of well-wishers who are gathered outside Buckingham Palace Friday while he returned to London after the death of his mother Queen Elizabeth II. King Charles and Queen Consort Camilla acknowledged the ecstatic crowd as they shout “God save the King” of the reworded national […]

Read More
The Voice

Kemi Badenoch Of Nigerian Heritage Appointed UK Trade Secretary

Prime Minister of the United Kingdom (UK), Liz Truss, has appointed Kemi Badenoch as the new Secretary of State for International Trade and President of the Board of Trade. Ms Badenoch, who was born Olukemi Olufunto in Wimbledon, London to parents of Nigerian origin, is also the MP for Saffron Walden. Her appointment comes hours […]

Read More
Breaking News

Polish president seeks increased energy supply, visits Nigeria,

‘‘We want to increase the supplies from Nigeria to Poland and by this way we want to contribute to the development of economic cooperation between the two countries,’’ he said. Muyiwa Olufemi Polish President Andrzej Duda on Tuesday visited Nigeria and expressed his country’s desire to increase energy import from Nigeria. According to Femi Adesina, […]

Read More
Politics

Military eliminates over 250 terrorists in North-east, apprehends informant in Abuja – DHQ

DHQ says the operations also led to the arrest and neutralising of scores of terrorists and other criminal elements in land and air operations in Kaduna, Katsina and Zamfara States. More than 252 Boko Haram/Islamic States West Africa Province (ISWAP) terrorists have been eliminated by troops of Operation Hadin Kai in the last two weeks […]

Read More
FinTech

NowNow, Nigerian digital startup, raises $13 million seed round

The Fintech platform, founded in 2018, allows users to send and receive money, purchase airtime and pay bills NowNow, a Nigerian digital system startup, has announced on Wednesday it raised a $13 million seed round. This funding round was led by NeoVision Ventures Ltd., DLF Family Office, and Shadi Abdulhadi. The startup has said, with the […]

Read More
Arts & Lifestyle

Delta Air Lines Suspends Lagos-New York Flights

US airline, Delta, has suspended its New York-JFK-Lagos flight with effect from October 4, 2022. In a statement, the airline stated that the route suspension was to fit into “the current demand environment.” The statement however said the airline was still operating its Lagos and Atlanta routes. Daily Trust reports that the airline added the […]

Read More
Entrepreneurs

World Bank proposes support to end fuel subsidy in Nigeria

The World Bank Group’s President, David Malpass, has stated that the bank is ready to support Nigeria to phase off regressive fuel subsidies and also enhance social assistance for the poor and vulnerable. According to a statement published on the Bank’s website which gave insight  into the meeting between Malpass and Vice President Yemi Osinbajo on Thursday, […]

Read More
Breaking News

Osinbajo seeks climate swap deal for debtor African countries

Vice President Yemi Osinbajo has proposed a Debt-For-Climate (DFC) Swap deal that could significantly advance global net-zero emission targets, facilitate energy access and develop African countries.   Explaining DFC during a lecture on a just and equitable energy transition for Africa, at the Center for Global Development in Washington D.C, Osinbajo stated that the concept is […]

Read More
Corporate

Fidelity Bank posts N25.1b H1 profit, plans 10k interim dividend

Despite the harsh operating environment, a half-year (H1) Profit Before Tax (PBT) of N25.1 billion has been posted by Fidelity Bank Plc for its 2022 operations, as against N20.6 billion achieved in the corresponding period in 2021. Analysis of the bank’s half year performance showed that PBT rose by 21.6 per cent, from N20.6 billion […]

Read More
Breaking News

Nigeria Air faces investors’ apathy, misses fifth take-off after N14.6b

Nigeria’s bid to float a new national carrier may be heading a wrong zone, with credible investors and technical partners allegedly reluctant to embrace the high-end enterprise. According to The Guardian newspaper, the development, following the completion of the bid process, is another drawback for the July 2022 take-off, as well as nurturing the airline […]

Read More
Arts & Lifestyle

The magic sweat box!

The word ‘Ayurveda’ literally translates to the Science of Life. It not only deals with the curing of disease but also with the prevention of it, and its practices encourage you to maintain a healthy lifestyle. It believes that when the energies in the body are in imbalance, a health problem manifests. To correct this […]

Read More
Arts & Lifestyle

Work-Life Balance Is a Cycle, Not an Achievement

by Ioana Lupu, Mayra Ruiz-Castro Summary.    Research has definitively shown that overwork isn’t good for employees or their companies — and yet, in practice, it can be hard to overcome unhealthy work habits and reach a more sustainable work-life balance. To explore what it takes for busy professionals to make a change for the better, the […]

Read More
Entrepreneurs

6 Principles to Build Your Company’s Strategic Agility

by Michael Wade, Amit Joshi, Elizabeth A. Teracino Summary.    Strategic agility is the ability to improve performance — not just survive but thrive — amid disruption. Companies that successfully navigated the Covid-19 crisis identified when to deviate from their strategic plan and adapt to the changing environment. The authors identified three distinct ways they did this: […]

Read More
AI

Managing AI Decision-Making Tools

Michael Ross and James Taylor Your business’s use of AI is only going to increase, and that’s a good thing. Digitalization allows businesses to operate at an atomic level and make millions of decisions each day about a single customer, product, supplier, asset, or transaction. But these decisions cannot be made by humans working in […]

Read More
Science

NATIP To Enhance Food, Nutrition Security – Agric Minister

The Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar said that the National Agricultural Technology and Innovation Policy (NATIP) 2022 – 2027 will boost agribusiness undertakings geared towards achieving food and nutrition security. The minister made this known during the launch of the National Agricultural Technology and Innovation Policy at the weekend in Abuja, […]

Read More
Breaking News

Nigeria’s 20 Frontline Entrepreneurs

Nigeria as a leading economic engine in sub-saharan Africa despite being a developing country in West Africa is a nation of diverse opportunities for its citizens; including the opportunities to start, grow and earn money as they engage in different economic enterprises. This list is to review the activities of top performing entrepreneurs in terms […]

Read More
Life series

Alternatives to ‘proof of fund’ for studies in Canada, UK and other countries

The current impasse between the federal government of Nigeria and Academic Staff Union of Universities has lingered for over a six-month period and has led to increase in the number of students opting to study outside the shores of the nation. Proof of Funds (PoF) as a requirement to the issuance of visa at the […]

Read More
Finance

Japan, African Development Bank joint finances  $5 billion Africa investment

The government of Japan and the African Development Bank (AfDB) have agreed to jointly finance a $5 billion fund for investment in Africa. Accprding to a statetement from the African Development Bank (AfDB), titled “Africa’s renewable energy resources offer huge investment opportunities for Japanese business”. The collaboration falls within the Enhanced Private Sector Assistance for Africa (EPSA) initiative’s fifth […]

Read More
Leadership

DEOLA SAGOE: Changing the face of African fashion

Deola Sagoe is the founder and the leading face of African haute couture fashion from Ondo State in Nigeria. A prolific entrepreneur, Deola has been at the cutting edge of high fashion since 1989 and became the first black woman to present a collection at AltaRoma, Rome’s celebrated fashion week, back in 2004. Due to her globally appealing style and […]

Read More
Investment

Nigeria’s N20.4 trillion imports in 2021 not enough to lift economy – Economists

A report by Nairametrics, despite the hues and cries about Nigeria being an import-dependent economy over the years, and importing goods worth over N20 trillion last year alone, economists say that Nigeria is importing too little compared to its African and Asian peers. Nigeria’s imports were worth N20.84 trillion in 2021, representing an increase of […]

Read More
SME Strategy

The Making of International Brand: Knowing How and What to Centralize and Localize

In the building of a startup, what should an entrepreneur localize and where should they globalize? The world in the past few decades has become smaller and smaller, creating emerging opportunities for businesses due to the technology proliferation and the impact of the internet especially. the internet and other emerging technology has had an enormous […]

Read More
Careers

The Mo Ibrahim Leadership Fellowships 2023

The Mo Ibrahim Leadership Fellowships were established in 2011 to identify and mentor the future generation of outstanding African leaders. Each year three Fellows have an opportunity to work in the executive offices of the Africa Development Bank – AfDB (Abidjan), Economic Commission for Africa – ECA (Addis Ababa) or the International Trade Centre – ITC […]

Read More
Entrepreneurs

Steps to Achieving Entrepreneurial Success – Tony Elumelu

The Chairman of Heirs Holdings and United Bank for Africa Plc; Tony Elumelu, has identified three major policy measures that will turn around the fortunes of young African entrepreneurs. While speaking CNN’s Richard Quest, he said that young African entrepreneurs are intelligent and need opportunities like their pairs in developed world. The Tony Elumelu Foundation […]

Read More
Entrepreneurs

African Fintech Brands Innovation Awards holds on September 30

The African Fintech Brands Innovation Awards is set to hold Friday, September 30, 2022,at Four Points by Sheraton, Oniru in Lagos. Several participants in the financial technology sector across Nigeria and the African continent are gearing up for the award ceremony which celebrates and honours top financial technology executives & stakeholders. The African Fintech Brands […]

Read More