Tag Archives: Nigeria

“Decarbonising Nigeria is feasible with current power technologies – and will not cost more”: Wale Yusuff, Managing Director, Wärtsilä Nigeria

Meeting last week in Abuja and Lagos for the 2023 Energy Transition Forum, Nigeria’s leading energy experts have outlined the country’s roadmap to decarbonisation, and discussed what it will take to deliver universal access to clean energy for Nigerian households and businesses.

The International Arbitration Conference Will Reveal the Benefits of Arbitration for African Businesses

In its Centenary year, the ICC’s International Court of Arbitration has set servicing African commercial disputes as one of its top strategic priorities.  Speaking as the 7th ICC Africa Conference on International Arbitration prepares to kick off in Lagos at the end of this month, (31 May to 2 June), ICC Court President Claudia Salomon […]

Nigeria: What next for West Africa’s powerhouse?

Nigeria: What next for West Africa’s powerhouse? With elections approaching, change is afoot in Nigeria. Keen to pursue new opportunities and drive the country forward, what does the future hold for one of Africa’s largest economies? Following her recent visits to the country, Marie El-Hawat, Associate Director, Anglophone Africa at British Arab Commercial Bank (BACB) […]

Why the promise of a cashless society is key to unlocking the Nigerian commerce growth opportunity

By Justin Floyd, CEO of open commerce platform, Redcloud  Cash is a uniquely expensive and inconvenient way to do business. However, shifting to a world of cashless payments is easier said than done, as many policymakers have discovered to their cost. The Nigerian Government is taking unprecedented steps to reduce the economic reliance on cash and […]

Nigeria’s SAIPEC event serves Sub-Saharan Africa

The seventh edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will run from 13-17 February at the Eko Convention Center in Lagos. The event will offer a host of B2B networking and partnership opportunities to drive regional collaborations through a week-long programme of activities. The conference will be hosted by the Petroleum […]

Ventures Platform Secures First Close of US$40mn Pan-African Fund

Ventures Platform, the early-stage “discovery” venture capital fund championing the next generation of African entrepreneurs, has announced the first close of its new US$40m Pan-African, early-stage fund to invest in market-creating innovations. With this close led by the Nigeria Sovereign Investment Authority (NSIA), the new fund features participation from existing investors and some new leading […]

Operational Challenges and Opportunities for Family-Owned Businesses in a Post-Covid World

By Faizal Bhana – Director Jersey Finance – Middle East, Africa and India. According to Asoko Insight’s FOB500 research, Nigerian family-owned businesses make up 36% of companies within the Economic Community of West African States, (ECOWAS). These businesses have been vital to the socio-economic development of Nigeria and have been instrumental in the region’s back-to-business […]

AFEX predicts higher prices for core grains and advocates for African food balance sheet in new report

Nigerian commodities exchange releases 2021 Annual Crop Production report to boost agricultural data and guide financing and policy decisions Lagos, Nigeria – 2 November 2021. Nigeria’s core grain prices have been projected to trend upwards in the new season due to persistent gaps between commodity supply and demand, according to a new report by commodities […]

Nigerian Fintech, Brass, Secures $1.7mn Financing Round “to bet on African SMEs”

“Africa’s new bank for startups and SMEs” to expand to South Africa & Kenya following funding Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and fast-growing businesses. […]

Global Industry Experts to Unite to Empower Women to Advance in the Oil and Gas Sector

“The women empowerment era will bring a new dynamic to the Industry. Not to just by empower other women  but also our communities.” Ms. Eugenia Langa, founder and CEO, Nweba, speaker Angola Energy Series 2021 The first set of speakers has been announced for the first event in the 2021 Angola Energy Series, ‘Women in […]

From Radio Presenter To Broadcast Trainer: Fola Folayan wants to raise the bar for Broadcast Journalism in Nigeria

For thirteen years, Fola Folayan worked as a radio broadcaster in Nigeria; filling various roles as a content producer, presenter and newscaster in different media organizations across the country. But she wanted more. She wanted to develop talent for the broadcast industry and in her own words ‘raise a generation of professionals who can function […]

Why is Nigeria’s central bank struggling to let go of the naira?

Due to the global pandemic, a lot of aspects of our lives were affected by negative circumstances. Those negative circumstances can be characterized with different rates, however, the influence on the global economy is the one that affects everyone’s life. When it comes to something that has such a major influence as covid you cannot […]

Weownomy adopts bitcoin cash ABC, newly rebranded as eCash Coin

The world is currently in the midst of a technological revolution. Technology has taken over our lives and it's become difficult to imagine life without the internet, social media, or mobile phones. The digital age has also created some negative consequences such as cyberbullying and other online dangers. Weownomy aims to make things easier for […]

M-KOPA Expands to Nigeria, Appoints Babajide Duroshola as New Country General Manager

Connected Asset Financing Platform Commercially Launching After 20,000 Device Pilot 12th July 2021. Lagos, Nigeria. M-KOPA, the leading connected asset financing platform, today announces it has officially expanded to Nigeria. To lead the Nigeria team, M-KOPA has named Babajide Duroshola as the new General Manager. A part of the tech company’s broader expansion strategy, the […]

Nigeria’s latest gas-related power shortages could have been avoided. Here is why.

Opinion Piece by Yusuff Wale, Managing Director, Wärtsilä Marine & Power Services Nigeria Ltd On 28 May 2021, Nigeria’s national power generation dropped to 3,059 MW and for the subsequent seven days remained below 4,000 MW, six percent below-average production. Low pressure on the Escravos-Lagos Pipeline System (ELPS) left several gas turbine power plants with insufficient gas […]

Women Can Add $14.57 Billion to E-Commerce in Africa: IFC Research

Africa’s e-commerce market could grow by more than $14.5 billion between 2025-2030 according to an IFC report published today. The report finds this can be achieved by increasing the number of women selling on online platforms and by providing them with better training and financial support to help them match sales made by men. The […]

The Legatum Center for Development & Entrepreneurship at the Massachusetts Institute of Technology (Cambridge, MA) launches the inaugural Legatum Foundry Fellowship for entrepreneurs in Africa

Fellowship applications open on May 3, 2021 for entrepreneurs working and living in Uganda, Kenya, Rwanda, Ethiopia, Ghana, Nigeria and Senegal. The Legatum Center for Development & Entrepreneurship at MIT has launched the Foundry Fellowship, a first-of-its-kind leadership program for accomplished entrepreneurs who are considering their role in shaping the future of the African innovation ecosystems in […]