The Project Herald | Intelligence on Projects & Business

More Young Nigerians Are Leaving in Search of Opportunities

More Young Nigerians Are Leaving in Search of Better Opportunities

Across airports in Lagos, Abuja, Port Harcourt, and other major cities, a familiar story continues to unfold. Young Nigerians are leaving. Some are heading to the United Kingdom for postgraduate studies. Others are relocating to Canada, Australia, the United States, and several countries across Europe and the Middle East. For many, the journey represents more

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Nigeria Is Full of Abandoned Projects. Why Does This Keep Happening?

Travel across Nigeria and you are likely to come across them. A hospital building with no doors or windows. A road project that started years ago but never reached completion. A water scheme that no longer supplies water. A market project that has become overgrown with weeds. From cities to rural communities, abandoned projects have

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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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CBN Ends Forbearance as Banks Record Rise in Bad Loans

CBN Ends Forbearance as Banks Face Rise in Bad Loans

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

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FTC Chairman Says Reforms Key to Nigeria's Growth Path

Nigeria’s Economic Growth Hinges on Stronger Capital Market Reforms, Says FTC Chairman

The Chairman of Financial Trust Company (FTC), Niyi Ajayi, has said that Nigeria’s long term economic growth will depend significantly on the success of ongoing reforms within the country’s capital market. Speaking on the state of the Nigerian financial market, Ajayi noted that despite current economic challenges, the capital market continues to serve as an

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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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Nigeria’s Drug Import Dependence Sparks Reform Calls

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

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

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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