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THE PROJECT HERALD
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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

Business /

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

Business /

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

Business /

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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Nigeria’s Drug Import Dependence Sparks Reform Calls

Nigeria’s Heavy Drug Import Dependence Sparks Fresh Calls for Reform

News /

Nigeria’s healthcare sector is once again under scrutiny as experts warn that the country’s continued dependence on imported medicines is weakening both healthcare delivery and economic growth. According to industry stakeholders, Nigeria still imports more than 70 percent of its drugs and medical supplies despite being Africa’s largest economy and one of the continent’s most

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A Look at One of Nigeria’s Oldest Surviving Companies: UAC of Nigeria

Corporate /

Long before fintech startups, billion-dollar valuations, and modern industrial giants became part of Nigeria’s business conversation, one company was already deeply rooted in the country’s commercial history. UAC traces its roots back to 1879, making it one of the oldest surviving companies in Nigeria. At a time when modern Nigeria itself was still taking shape,

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world bank cancels subsidy

World Bank Cancels $717m Nigeria Power Funding as Subsidy Burden Deepens Reform Crisis

News /

Nigeria’s long-running electricity sector reforms have suffered a major setback after the World Bank and the Federal Government agreed to cancel $717.7 million in undisbursed financing under a major power sector recovery programme, in what officials describe as a mutual decision driven by stalled reforms and rising subsidy pressures. According to a detailed report by

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Razaq Okoya

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

Business /

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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alex otti of abia

Otti Unveils ₦306 Million Tech-Enabled Grant to Boost Businesses in Abia

Innovation, News, Projects, Technology & Digital /

Abia State Governor, Alex Otti, has launched a ₦306 million technology-driven business support programme aimed at strengthening entrepreneurship, expanding digital access, and improving productivity across the state’s 17 local government areas. The initiative, known as the NKATA Tech-Enabling Business Grant, is designed to support small and medium-sized enterprises (SMEs) by integrating technology into their operations,

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Dangote

THE $20 BILLION GAMBLE

Business /

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

Business, News /

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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