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CBN Scraps Pandemic-Era Dollar Account Restrictions as Forex Liquidity Improves

CBN Scraps Pandemic-Era Dollar Account Restrictions as Forex Liquidity Improves

The Central Bank of Nigeria (CBN) has removed several foreign exchange restrictions introduced during the COVID-19 pandemic, marking another step in its efforts to improve access to foreign currency and strengthen confidence in Nigeria’s foreign exchange market. The move comes as the apex bank says dollar liquidity has improved significantly, reducing the need for some

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Cross River Targets ₦150bn Agribusiness Investment Deal

Cross River Targets ₦150bn Agribusiness Investment, Secures ₦18bn Produce Offtake Deal

Cross River State has announced plans to attract ₦150 billion in agribusiness investments over the next six years as part of a broader strategy to transform agriculture into a major driver of economic growth, job creation, and food security. The target was disclosed during a stakeholders’ engagement on Project GROW, an agricultural development initiative aimed

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Dangote Refinery Emerges World’s Largest Jet Fuel Exporter

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

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Governors Consider N100,000 Minimum Wage for Workers

Governors Consider N100,000 Minimum Wage as Cost of Living Continues to Rise

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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Africa's $100M Tech Investment Could Change Startup Growth

Africa Is Putting More Money Into Its Own Startups. Here’s Why It Matters

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

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Vanta Secures Funding for U.S. Health Market Expansion

Vanta Secures Funding to Support Expansion Into U.S. Health Market

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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Razaq Okoya

How Razaq Okoya Built Eleganza Into a Nigerian Manufacturing Powerhouse and What Young Entrepreneurs Can Learn

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

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Dangote

THE $20 BILLION GAMBLE

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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Nigeria’s New Procurement Policy Sparks Fresh Debate Over Local Auto Industry Competitiveness

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

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