Business News

Latest updates from the African business world.

Lagos State Boosts Local Economy with ₦15 Billion Disbursed to 10,000 Small Businesses
Lagos State Boosts Local Economy with ₦15 Billion Disbursed...

The Lagos State Government has disbursed over ₦15 billion to more than 10,000 sm...

Aug 07
FG Launches ‘Tinubu Light Initiative’ to Power One Million MSMEs with Renewable Energy
FG Launches ‘Tinubu Light Initiative’ to Power One Million M...

The Federal Government has launched the Tinubu Light Initiative, a renewable ene...

Aug 07
US Directs Support to 200 Young Nigerian Entrepreneurs to Boost Local and Export Growth
US Directs Support to 200 Young Nigerian Entrepreneurs to Bo...

The U.S. government supported 200 young Nigerian agropreneurs through an eight-m...

Aug 07
MANEG Launches 2026/2027 Strategic Roadmap to Boost SME Export Access
MANEG Launches 2026/2027 Strategic Roadmap to Boost SME Expo...

The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has unve...

Aug 07
AfCFTA Partners with Bergmans in $3.1 Billion Deal to Modernize African Customs
AfCFTA Partners with Bergmans in $3.1 Billion Deal to Modern...

The African Continental Free Trade Area Secretariat has signed a 20-year, $3.1 b...

Aug 07
Yellow Card Raises $40M Series C to Expand Global USD Accounts and Cross-Border Rails
Yellow Card Raises $40M Series C to Expand Global USD Accoun...

African fintech Yellow Card has raised $40 million in strategic funding, bringin...

Aug 06
NDIC Commences Payouts to Depositors of 46 Closed Microfinance Banks
NDIC Commences Payouts to Depositors of 46 Closed Microfinan...

The Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposi...

Aug 06
FG Targets $50bn Offshore Investment Push
FG Targets $50bn Offshore Investment Push

The Federal Government targets up to $50bn in fresh offshore oil and gas investm...

Aug 06
Lagos State Joins Forces with Unions to Modernize Commercial Bus System
Lagos State Joins Forces with Unions to Modernize Commercial...

The Lagos State Government has signed an MoU with transport unions NURTW and RTE...

Aug 06
Dangote Refinery Slashes Petrol and Diesel Prices Following Global Crude Drop
Dangote Refinery Slashes Petrol and Diesel Prices Following...

Following a crash in global crude oil prices below $80 per barrel, Dangote Petro...

Aug 06
New Equipment Leasing Scheme for Smallholder Farmers
New Equipment Leasing Scheme for Smallholder Farmers

Smallholder farmers in Benue, Nasarawa, Ogun, and Edo states will gain access to...

Aug 06
Nigeria Boosts Renewable Energy Footprint with 60.82MW Mini-Grid Expansion
Nigeria Boosts Renewable Energy Footprint with 60.82MW Mini-...

The Federal Government of Nigeria, through the Rural Electrification Agency, has...

Aug 06