Nigeria’s Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel, marking a major milestone for both the company and the country’s energy sector. According to reports citing S&P Global Commodities at Sea data, the refinery became the world’s biggest aviation fuel exporter in April 2026 after significantly increasing production to meet […]
Dangote Refinery Emerges World’s Largest Jet Fuel Exporter Read More »
Nigeria’s banking sector is coming under fresh pressure following the Central Bank of Nigeria’s decision to end regulatory forbearance introduced during the COVID-19 period, a move that has led to a noticeable increase in bad loans across the industry. According to the CBN’s January 2026 Economic Report, the banking sector’s non performing loans ratio rose
CBN Ends Forbearance as Banks Face Rise in Bad Loans Read More »
Nigerian state governors are considering a proposal to increase the national minimum wage to N100,000 as workers across the country continue to grapple with rising living costs and economic hardship. The development was disclosed by the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, who said discussions are ongoing between
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For years, one of the biggest challenges facing African startups has not been a lack of ideas. It has been access to capital. Across the continent, entrepreneurs have built businesses that are solving problems in finance, agriculture, healthcare, logistics, education, and technology. Many of these companies have gone on to attract international attention and millions
Africa Is Putting More Money Into Its Own Startups. Here’s Why It Matters Read More »
Vanta Holdings has announced plans to raise up to $2.5 million through a strategic private placement financing as the company prepares to enter the growing U.S. peptide therapeutics market and expand its integrated health and longevity platform. The move marks a significant step in the company’s growth strategy as it seeks to position itself within
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Long before startup culture, venture capital, and digital entrepreneurship became popular in Nigeria, some business builders were already shaping industries in silence. They were not chasing trends. They were studying everyday life and building companies around it. One of the clearest examples of this approach is Razaq Okoya, the founder of Eleganza Group. His story
How One Refinery Could Reshape Nigeria’s Economic Future For decades, Africa’s largest oil-producing nation lived through one of its biggest contradictions: a country rich in crude oil, yet heavily dependent on imported fuel. Despite producing millions of barrels of crude, Nigeria continued exporting raw resources while importing refined petroleum products back into the country at
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The Nigerian government’s newly introduced “Nigeria First” vehicle procurement policy is beginning to trigger wider conversations around the future of the country’s automotive industry and whether local manufacturers can finally compete more effectively against imported vehicles. Under the policy, Ministries, Departments, and Agencies are now expected to prioritise locally assembled vehicles for official procurement as
As 2026 moves deeper into the year, global venture capital is showing a noticeable shift in direction. Investors are becoming more selective, focusing less on fast-moving hype cycles and more on sectors that can support long-term economic growth. The focus is now turning toward industries that combine real infrastructure, strong demand, and scalable technology. This
Rivers State’s Young Innovators Are Building the Future From technology and education to fashion, agriculture, media and community development, young people across Rivers State are increasingly creating ideas and projects that are solving real problems and inspiring others. In recent years, the state has seen a rise in youth-led startups, digital creators, student founders, social