Nigeria News Archives - AfricaBusiness.com

19Nov

By Africa BusinessNo Comments

Nigeria News

TLP Advisory Celebrates 10 Years with New Report on Nigeria’s Startup Ecosystem

The report identifies talent shortages, funding challenges, and regulatory barriers as key obstacles, emphasizing the importance of strategic partnerships and policy advocacy. 51% of surveyed startups struggle to secure funding, with angel investors playing a vital role. 30% of founders cite regulatory issues as significant barriers, urging stronger policy engagement. One-third of startups rely on strategic partnerships, underscoring collaboration as a critical factor for resilience. TLP Advisory, the venture law firm headquartered in Lagos, with offices in London and New York marks ten years of operation with the launch of a new report, “A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories.” The report provides a comprehensive analysis of Nigeria's ...

15Oct

By Africa BusinessNo Comments

Energy, Nigeria News

PAM Africa Hosted Inaugural PAMDAY Event Showcasing Innovations in Renewable Energy

Lagos event highlighted groundbreaking solutions aimed at addressing Africa’s energy challenges In a significant step towards addressing the continent's energy needs, PAM Africa successfully hosted its inaugural PAMDAY event at the PAM Centre in Lagos yesterday. This highly anticipated gathering brought together top professionals and stakeholders in the renewable energy sector to showcase PAM Africa’s latest innovations. The PAMDAY event featured a diverse array of activities aimed at highlighting the company's flagship innovations, including PAM Solar, So-Cool, Net Zero Village (NZV), PAM-Ai, and Solar Battery Hub. Each innovation is designed to tackle specific energy challenges faced across Africa, from enhancing access to cooling to optimising energy consumption through AI technology....

7Oct

By Africa BusinessNo Comments

Business, Nigeria News

Nigeria’s Falcon Aero Eyes Global Business Aviation Market, Showcases at Investing in Africa Conference

Nigerian Business Aviation firm, Falcon Aerospace, is poised for a rapid expansion into the global market. One of the latest indications of this is the young company’s participation in the upcoming Investing in Africa Conference (AFSIC), taking place in London from 7th to 9th October, 2024. AFSIC is the largest annual Africa investment conference taking place outside Africa. As a sponsor, Falcon Aerospace will be exhibiting and networking at the event as the company seeks investment to power its rapid growth and global expansion. The company’s CEO, Chukwuerika Achum, will also be speaking at the event. “Falcon Aero is committed to the vision of a prosperous Africa. To actualise this vision, there must be seamless connectivity of people, ideas and culture with and within the continent, an...

30Sep

By Africa BusinessNo Comments

Africa Travel, Nigeria News

Transcorp Hilton Abuja: A Haven of Luxury and Business Excellence in Abuja’s Commercial District

Situated amidst picturesque landscaped gardens in the heart of Nigeria’s Federal Capital Territory, Transcorp Hilton Abuja is a sanctuary of elegance and sophistication. Renowned for its impeccable service and luxurious amenities, the hotel is strategically located in Abuja’s vibrant commercial district, offering convenient access to major attractions such as the Abuja National Mosque and Millennium Park, both less than three kilometers away. The city center is a mere 20-minute drive, making the hotel an ideal choice for both business and leisure travelers. Recently, Transcorp Hilton Abuja was honored with the prestigious Luxury Lifestyle Awards for Best Luxury Business Hotel in Abuja, Nigeria, a testament to its unparalleled commitment to excellence. Transcorp Hilton Abuja boasts a ...

30Sep

By Africa BusinessNo Comments

Nigeria News

Nigeria’s economic expansion fuels the launch of the inaugural West Africa Coatings Show 2025

Nigeria is one of the largest, most influential players in the West Africa coatings market Construction projects drive the market, with expected annual growth of 3.1% from 2025 to 2027 Robust growth in Nigeria’s protective coatings market is predicted to surpass 4%, in upcoming 2024 - 2029 period The only dedicated event for the coatings industry in West Africa, West Africa Coatings Show is expected to attract over 1200 attendees, with more than 150 exhibiting brands from over 15 exhibiting countries West Africa's coatings markets have gained significant momentum, with Nigeria's protective coatings market anticipated to show substantial growth. According to Mordor Intelligence, the market is expected to achieve a compound annual growth rate (CAGR) of over 4% during the forecast...

26Sep

By Africa BusinessNo Comments

Business, Egypt News, Kenya News, Nigeria News, Startups

Why investment in African healthtech is set for a major decline in 2024

Yomi Kazeem, Engagement Manager at Salient Advisory, and his colleagues explore the alarming trend of declining investments in African healthtech. In 2023, amid a nearly 40% slump in investment across African technology ecosystems, funding for healthtech startups across the continent proved resilient, dropping by only 2% – but that is set to change. Analysis of funding trends in the first of half of 2024 suggests that a major decline in healthtech investment is on the cards, with African healthtech innovations raising only $24 million – a 69% drop compared to the same period in 2023, according to data from Salient Advisory. The drop in funding is driven by a decline in both deal count and value: the number of deals is down by 47% in the first half of 2024, and the average ticket size...

30Jul

By Africa BusinessNo Comments

Nigeria News, Startups

24 health supply chain innovators are now emerging as market leaders across Africa, reaching 50,000 healthcare providers across 33 countries

After years of building, leading healthcare supply chain innovations in Africa now appear to be on the cusp of more substantive impact Healthcare consulting firm Salient Advisory has launched its latest market intelligence report, focusing on 24 leading Africa-focused supply chain innovators which appear to be on the cusp of more substantive impact. Funded by the Gates Foundation, the report titled “Leading Innovations Enabling Health Product Access in Africa'', finds that, amid difficult macroeconomic realities and dwindling investment in African technology ecosystems, a select number of African health innovators are emerging as leaders. Having operated for 10 years on average, the 24 leading innovators collectively now partner with 100+ manufacturers and 75 public health institutions, ...

30Jul

By Africa BusinessNo Comments

African News, Main, Nigeria News

United for Wildlife strengthens fight against the illegal wildlife trade by adding a West Africa Chapter to its global network

United for Wildlife, founded by The Royal Foundation of the Prince and Princess of Wales, convened leading figures from the private, public, and not-for-profit sectors from across West and Central Africa to develop a regional network to combat the illegal wildlife trade in the regions. Lagos, Nigeria: United for Wildlife has established landmark agreements with one of Nigeria’s leading law enforcement agencies as well as the Nigerian Financial Intelligence Unit, as part of the organisation’s work to build a regional network to combat the illegal wildlife trade in West Africa. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and United for Wildlife are committing to work together on a number of fronts; developing training and education in the region in relati...

Ceremonial Parade and Airshow in Kaduna Marks the 60th Anniversary of the Nigerian Air Force

29May

By Africa BusinessNo Comments

Events, Nigeria News

Ceremonial Parade and Airshow in Kaduna Marks the 60th Anniversary of the Nigerian Air Force

The skies over Kaduna were ablaze with color and excitement as the Nigerian Air Force celebrated its 60th anniversary, with a spectacular Ceremonial Parade and Airshow following the successful conclusion of the Africa Airforce Forum. This milestone event was a testament to the precision, skill, and aviation excellence that have become synonymous with the Nigerian Air Force. The celebrations began with the arrival of the Chief of Air Staff, Nigeria, followed by the arrival of invited Chiefs of Air Staff and other service chiefs and dignitaries setting the stage for a day of extraordinary displays and commemorations. Notable attendees at the event included former President of the Senate and Chairman of the Senate Committee of Defence, Sen. Ahmed Lawan; House Committee on Air Force, Hon. Ka...

13May

By Africa BusinessNo Comments

Events, Interview, Nigeria News

Insights into the Third African Air Forces Forum. Exclusive Interview with AIR MARSHAL HB ABUBAKAR

As the third Edition of the African Air Forces Forum nears, we bring you an interview with AIR MARSHAL HB ABUBAKAR, Chief of the Air Staff, Nigerian Air Force. The Conference and Exhibition of the Third Air Forces Forum will held in Abuja, Nigeria from 23 to 24 May 2024 while the Ceremonial Parade and Air Show will take place in Kaduna, Nigeria on 25 May 2024. Reflecting on the 60-year journey of the Nigerian Air Force, what do you regard as its most noteworthy achievements in terms of advancing national security and regional stability? Ans: Indeed, the Nigerian Air Force has come of age, having undergone significant transformation in its organization, manning, and equipment holding. At inception in 1964, the Service was barely able to carry out its primary responsibilities ...