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S&P Upgrades Nigeria’s Credit Rating to ‘B’ Over Economic Reforms

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Introduction Global ratings agency S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings from ‘B-’ to ‘B’ with a stable outlook. The agency cited improvements in Nigeria’s foreign exchange market, rising oil production, increased refining capacity, and ongoing economic reforms introduced by the administration of Bola Ahmed Tinubu. The announcement […]

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Miraisha Foundation Launches National Hackathon to Train 100,000 Nigerian Youths in Digital Skills

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Introduction The Miraisha Foundation has launched a national hackathon in Abuja aimed at empowering young Nigerians with digital technology and problem-solving skills. The initiative, known as the Abuja Hackathon 2026, is part of the foundation’s broader goal to train over 100,000 youths across Nigeria in modern technology and innovation-driven careers. The event brought together students,

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SMEDAN Partners Payxy to Boost Online Sales for Nigerian SMEs

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Introduction The Small and Medium Enterprises Development Agency of Nigeria has announced a new partnership with Payxy to help small businesses in Nigeria grow through e-commerce. The partnership was announced during the official launch of Oloja by Payxy in Lagos on Tuesday, May 12, 2026. The initiative is aimed at helping Nigerian small and medium-sized

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FG Opens $20,000 Cleantech Grant for Nigerian Startups and SMEs

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The Federal Government, through the Rural Electrification Agency (REA), has announced the opening of applications for the Global Cleantech Innovation Programme (GCIP) Nigeria Accelerator Fund, offering grants of up to $20,000 to Nigerian startups and small businesses. The initiative is designed to support clean-tech startups and Small and Medium Enterprises (SMEs) developing innovative solutions focused

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The Project Herald Africa Races to Prepare for AI-to-AI Payments Revolution

Africa Races to Prepare for AI-to-AI Payments Revolution

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AI Payments Could Change Africa’s Digital Economy Africa’s financial technology industry is preparing for what experts describe as the next major evolution in digital payments — artificial intelligence systems paying other AI systems without human involvement. The emerging system, known as AI-to-AI payments, could transform how businesses, banks, online platforms, and digital services operate across

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CAC Launches Direct Payment System on iCRP Portal in Nigeria

CAC Launches Direct Payment System on iCRP Portal Under REV-OP Initiative

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Introduction The Corporate Affairs Commission (CAC) has introduced a new direct payment system on its Intelligent Company Registration Portal (iCRP). The update is part of its Revenue Optimisation and Assurance Project (REV-OP), aimed at improving transparency and making business registration processes faster in Nigeria. What the New System Means With the new direct payment option,

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OPay Partners CBN to Boost Youth Financial Literacy at Global Money Week 2026

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OPay, one of Nigeria’s leading fintech companies, has partnered with the Central Bank of Nigeria (CBN) to promote financial literacy among young people during the Global Money Week 2026 event held in Abuja. The event, themed “Smart Money Talks,” took place at the CBN headquarters and brought together secondary school students from different parts of

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UNILAG Launches AI Innovation Hub to Boost Technology and Research in Nigeria

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University of Lagos has officially launched its Artificial Intelligence-focused innovation hub known as UniPod, a major project aimed at driving technology, research, and digital innovation in Nigeria. The launch event took place at the university’s Akoka campus in Lagos and was attended by top government officials, tech experts, students, and innovators from across the country.

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Dangote Unveils 20,000MW Power Project to Solve Nigeria’s Electricity Crisis

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Aliko Dangote has announced plans to launch a massive 20,000 megawatt power project in Nigeria, a move that could significantly improve electricity supply in Africa’s largest economy. The announcement comes at a time when millions of Nigerians continue to battle unstable electricity, frequent blackouts, and rising energy costs. Dangote revealed the ambitious project during a

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NNPC Signs Deal With Chinese Companies to Revive and Expand Port Harcourt and Warri Refineries

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The Nigerian National Petroleum Company Limited (NNPC Limited) has signed a new agreement with two Chinese firms to support the restart, operation, and expansion of the Port Harcourt and Warri refineries. The agreement, known as a Memorandum of Understanding (MoU), was signed with Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management

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