The head of Arthur Stevens Asset Management, Olatunde Amolegbe, laid out some big numbers for Nigeria's digital future. He says the country's digital economy could hit 18.3 billion dollars by 2026, a huge jump from earlier figures. He pointed out Nigeria already leads Africa in startup funding and hosts five major tech unicorns: Interswitch, Flutterwave, OPay, Andela, and Moniepoint. Internet users have reached 107 million, mostly on mobile, and the telecom sector alone added over nine percent to GDP recently.
Speaking at a business lecture in Lagos, he argued that artificial intelligence and other disruptive tech are reshaping everything. He mentioned the eNaira digital currency as an example of early adoption. The real growth, he...
So the Nigerian Shippers’ Council claims it saved the maritime industry over ten billion naira in the last couple of years just by keeping disputes out of court. Their boss, Dr. Pius Akutah, said their little arbitration unit handled hundreds of cases, saving four billion this year alone after saving six billion last year. The big play, though, is a new piece of legislation called the Nigerian Port Economic Regulatory Agency Bill, which is just sitting there waiting for the president's signature to replace some ancient decree from the seventies.
They are also building fourteen vehicle transit parks all over the map, supposedly to stop drivers from dying of fatigue and to create secure spots for logistics. On top of that, they are...
Rivers State governor Siminalayi Fubara just handed out keys for a huge new housing development called Greater TAF City. This is phase one of a project along the Obirikwere-Airport Road, built with a company named TAF Africa Global Limited. The whole idea is to stop cramming everyone into Port Harcourt. Fubara says he wants to spread development out, create new economic zones, and basically stop Rivers from being a one-city state. He tied the project to President Bola Ahmed Tinubu's wider housing goals, mentioning a separate federal plan for a thousand Renewed Hope Housing Estate units on the same land. The governor's own wild target is twenty thousand total homes, claiming it would end the state's housing issues. He also made a direct...
Talk about a massive disconnect between tech hype and actual reality. A big meeting just happened, basically stating the obvious about Africa's future being tied to tech, but pointing out that everyone is failing at the basics. The event was called The Future of STEM in Africa, thrown together by the U.S. Mission Nigeria and the Mandela Washington Fellowship Alumni Association, with help from an organization called the WAAW Foundation. Key people involved included a U.S. Mission rep named Diran Adegoke and WAAW's Executive Director, Oluwatimilehin Onafeso. They pulled in a bunch of fellows from the 2025 Mandela Washington Fellowship and WAAW's own college fellows from schools like Olabisi Onabanjo University and the University of...
Bank officials are pushing back hard against viral claims of an industry collapse. The Association of Corporate Communication & Marketing Professionals in Banks, or ACAMB, called a recent video alleging that twelve banks would be shut down by next year completely false and reckless. They stated the recapitalization drive is a proactive policy for growth, not a sign of distress, and no bank faces liquidation.
The group, led by President Rasheed Bolarinwa, emphasized that banks are currently sound and adequately capitalized. They clarified that the exercise specifically targets increasing core share capital, not total funds, to build a system capable of supporting a larger economy. They noted that over a third of banks have already met...
The president has proposed a massive budget for next year, but analysts are sounding alarms about its workability. Experts like Dr. Muda Yusuf of CPPE and others argue the government must boost revenue, slash borrowing, and improve project assessment to make it realistic. The budget projects spending over fifty-eight trillion naira with a huge deficit, financed partly by optimistic oil and exchange rate assumptions.
Key concerns focus on implementation and fiscal discipline. Yusuf warned against the National Assembly inflating the budget with pet projects, which would wreck its credibility. He stressed that debt servicing costs already eat up nearly half of projected revenue, squeezing funding for everything else. Other analysts...
Tech startups across key African markets have pulled in close to twenty billion dollars over the last seven years. Nigeria's scene is particularly active, with major fintech names like Flutterwave, Opay, and Moniepoint leading huge funding rounds. Other sectors like mobility with Moove and talent tech with Andela have also seen significant investment, highlighting a broad ecosystem.
The funding flow has been volatile year to year. After a dip in 2020, investment exploded past four billion dollars in 2021 and 2022 before dropping again in 2023 and 2024. Current data for this year shows a rebound, with over three billion dollars raised already, surpassing the totals from the two previous years.
Specific companies define the landscape...
Nigerian Breweries is partnering with FATE Foundation to back a student entrepreneurship program. The company's Corporate Affairs Director, Uzodinma Odenigbo, said they will support an additional one thousand students through the Orange Corners Student Ambassadors Programme, a Dutch initiative. FATE Foundation will handle the training and logistics for students aged eighteen to thirty-five in schools across Lagos, Ogun, and Enugu States.
Odenigbo pointed to the brewery's existing youth programs, which have already reached thousands of young Nigerians. FATE Foundation's Executive Director, Adenike Adeyemi, welcomed the continued collaboration. Her organization will design the curriculum and manage all aspects of program delivery. The...
Integrated Indigo Limited cleaned up at this year's Lagos public relations awards. The agency grabbed five trophies, taking the top prize for Model Agency of the Year along with wins for crisis management, sustainability communications, and other categories.
The company's Managing Director, Bolaji Abimbola, said the sweep shows their range and grasp of client needs. He credited his team's strategic thinking and execution. The awards committee chairman, Chido Nwakanma, noted the event drew over a hundred entries, calling such peer review vital for the profession's growth.
This haul adds to a strong year of recognition for the firm. They previously won top honors at other major industry awards locally and across Africa, including a best...
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