SEVA Media
Pillar

Business

Startups, markets, fintech and the economic forces driving Africa forward.

Business

Nigeria's Betting Boom: From Pools to Digital Powerhouses.

Explore the incredible transformation of sports betting in Nigeria, charting its journey from colonial-era football pools to the sophisticated digital platforms dominating today's market. This evolution reflects a dynamic interplay of technology, consumer habits, and Nigeria's enduring passion for football. Uncover how informal bookmakers gave way to a multi-billion dollar industry, significantly impacting the nation's economy and digital landscape.

InformationNG · Sep 14
Business

Egypt Secures $1 Billion AI Data Centre: A Digital Leap for Africa.

Egypt is poised for a significant digital transformation with Cassava Technologies and Vodafone investing $1 billion in an Nvidia-powered AI data centre. This landmark development positions Egypt as a regional tech hub, attracting innovation and boosting digital infrastructure across the continent. The move underscores Africa's growing ambition in the global technology landscape.

Techpoint Africa · Sep 14
Business

POS Power: 10 Strategies to Dominate Nigeria's Agent Banking Market

Nigeria's ubiquitous POS agents are redefining financial access in communities. Discover essential strategies for operators to boost daily profits and cement their role as vital economic conduits. From strategic fee setting to loyalty programs, maximize your earning potential in this booming sector.

Tribune Online · Sep 14
Business

UCH Ibadan Tops Nigeria's Health Sector, Signaling Investment Opportunity

Nigeria's University College Hospital, Ibadan, has been recognized as the nation's leading health institution by the prestigious SCImago Institutions Rankings. This significant achievement highlights the potential for growth and investment within Africa's burgeoning healthcare sector. It underscores the critical role of strong medical infrastructure in national development.

Tribune Online · Sep 14
Business

Dangote Decries 'Richest Man' Label, Eyes Broader Impact.

Africa's industrial titan, Aliko Dangote, expressed a surprising aversion to the 'richest man' title, signaling a shift in focus from personal wealth to broader economic development. His remarks underscore a desire for his legacy to transcend mere financial accumulation, emphasizing contribution to the continent's prosperity. This perspective offers a rare glimpse into the mindset of one of Africa's most influential business leaders.

Tribune Online · Sep 14
Business

Nigerian Founder Mines Data for Transparent African Resource Economy

Anthony Adejuwon's Urban Alert is revolutionizing Africa's mining sector, tackling opaque practices with data-driven transparency. This civic tech venture is transforming how nations and citizens engage with resource management, ensuring a more equitable future. Adejuwon's journey from consultancy to tech leadership marks a significant shift for Nigeria's economic landscape.

Techpoint Africa · Sep 14
Business

Uganda's First Oil Delayed Again: New Target Set for Mid-2027

Uganda's highly anticipated commercial oil production faces another setback, pushing its timeline to June 2027. This latest revision ignites concerns over the project's consistent delays, raising critical questions about investment stability and economic forecasts for the East African nation. The repeated postponements cast a shadow on Uganda's energy sector ambitions.

AllAfrica - Latest · Sep 14
Business

Nigeria's BOI Secures Record N274 Billion Bond for Industrial Growth

The Bank of Industry has successfully raised a monumental N274.18 billion in its inaugural domestic bond issuance, marking a significant milestone for Nigeria's financial markets. This record-breaking debt capital raise by a Development Finance Institution is poised to fuel industrial expansion and economic diversification across the nation.

Tribune Online · Sep 14
Business

Naira Gains Strength: CBN Infuses $151M to Stabilize Currency

Nigeria's currency, the Naira, has shown significant appreciation against the US dollar. This positive shift follows a strategic intervention by the Central Bank of Nigeria, which injected $151 million into the foreign exchange market. The move aims to boost liquidity and alleviate mounting demand pressure, signaling proactive measures for economic stability.

Tribune Online · Sep 14
Business

Nigerian Educators Champion AI Integration for Future-Ready Workforce

At a pivotal regional conference, Nigerian education stakeholders are pushing for urgent AI training for both faculty and students. This strategic move aims to equip the nation's workforce with crucial digital skills, positioning Nigeria at the forefront of technological advancement. The emphasis is on systematic adoption to unlock transformative potential across sectors.

Tribune Online · Sep 14
Business

Nigerian Business Confidence Soars Amidst Rate Hopes, Stronger Naira

Nigerian enterprises are projecting a significant boost in business confidence for August, fueled by expectations of a stronger naira and easing borrowing costs. This optimistic outlook, revealed in a recent CBN survey, signals a positive trajectory for the nation's financial sector and broader economy. Firms anticipate improved conditions, setting the stage for growth.

Tribune Online · Sep 14
Business

Nigerian Microfinance Soars: Credit Filings Jump 38.4% in Q1

Nigeria's microfinance sector is witnessing remarkable growth, with credit financing statements by microfinance banks surging 38.4% in the first quarter. This significant leap underscores robust activity and increasing financial inclusion across the nation. The expansion highlights a dynamic and critical segment of Nigeria's evolving economy.

Tribune Online · Sep 14
Business

Nigerian Banks Boost Global Spending Power with Raised Naira Card Limits

In a decisive move, Nigeria's leading commercial banks have significantly increased international spending limits on naira cards, empowering customers with greater financial flexibility abroad. This timely adjustment signals improving foreign exchange liquidity, a critical step towards stabilizing the nation's financial landscape. Businesses and individuals alike stand to benefit from enhanced cross-border transaction capabilities.

Tribune Online · Sep 14
Business

Climate Resilience: African Farmers Brace for Next Food Security Test.

Africa's smallholder farmers face increasing climate volatility, threatening food security across the continent. Women farmers, often at the forefront, are pivotal in developing resilient agricultural practices. Their access to resources is critical in navigating failed seasons and ensuring sustainable food systems.

AllAfrica - Latest · Sep 14
Business

Unstoppable Africa: Global Leaders Converge to Propel Investment on the Continent

Major African and global business leaders, alongside heads of state, are set to gather in New York for 'Unstoppable Africa,' a pivotal event designed to drive critical investment and foster economic growth across the continent. This high-profile summit, organized by the Global Africa Business Initiative, underscores a united commitment to unlocking Africa's immense economic potential and forging lucrative global partnerships.

AllAfrica - Latest · Sep 14
Business
Business

Congo's Fishermen: From Dwindling Catches to Plastic Prosperity

As fish stocks plummet in the mighty Congo River, Kinshasa's artisanal fishermen are finding a new livelihood in plastic waste. This stark shift underscores a deepening environmental crisis while revealing the entrepreneurial spirit thriving amidst ecological challenges. It's a critical adaptation for survival, transforming pollution into profit.

AllAfrica - Latest · Sep 14
Business

Ghana and Nigeria Forge Stronger Air Links, Bolstering Regional Business.

Ghana's High Commissioner to Nigeria lauded United Nigeria Airlines, signaling a new era of robust bilateral business. This strategic partnership promises to enhance air travel, trade, and economic ties between the two West African powerhouses. It underscores a shared commitment to regional integration and prosperity.

AIT Live · Sep 14
Business

Nigeria, US Forge Landmark Mining Pact to Boost Solid Minerals Sector

Nigeria and the United States are set to ink a pivotal mining cooperation agreement at the 2026 UN General Assembly. This strategic partnership aims to unlock Nigeria's vast solid minerals potential, covering exploration, processing, and value addition. The collaboration signals a significant boost for West Africa's economic landscape and global supply chains.

AIT Live · Sep 14
Business

NASD Explores New Frontiers Amidst Soaring Trading Growth

Nigeria's NASD Plc is strategically diversifying its revenue streams, capitalizing on a remarkable 371% surge in market activity. This bold move aims to transform expanded trading into robust earnings and sustainable long-term value for shareholders. The repositioning signals a dynamic evolution for the African securities market.

Tribune Online · Sep 14
Business

Nigeria's Grid: NISO Pushes for Stability Amidst Market Reforms

The Nigerian Independent System Operator (NISO) doubles down on its mission to fortify the national grid, promising enhanced reliability and a more robust electricity market. This strategic push aims to stabilize power supply, foster discipline, and inject crucial liquidity into the sector, vital for Nigeria's economic growth. Furthermore, NISO commits to nurturing a productive and inclusive workplace, recognizing that internal strength underpins national progress.

Tribune Online · Sep 14
Business

MTN Nigeria Sets Benchmark: First African Company Achieves Elite Gender Equality Certification

MTN Nigeria has made history, becoming the first African company to secure the prestigious EDGE Advance Certification for workplace gender equality. This landmark achievement solidifies MTN's position as a leader in equitable business practices across the continent. The telecommunications giant's commitment to inclusivity sets a powerful precedent for other African enterprises.

Tribune Online · Sep 14
Business

Nigerian Energy Sector Pledges Bold Step Towards Gender Equity

Nigeria's NUPRC Chief, Oritsemeyiwa Eyesan, is spearheading a transformative drive for gender inclusion within the nation's critical energy sector. This commitment aims to empower women, fostering a more equitable and dynamic workforce vital for economic growth. It marks a significant stride in national policy toward inclusive development.

Tribune Online · Sep 14
Business

Powering Up: Nigeria Lands Major Industrial Park Investment from China

Nigeria's Minister of Power, Joseph Tegbe, has brokered a pivotal deal with Chinese manufacturing giant TBEA. This landmark commitment will see the establishment of a state-of-the-art power and energy equipment industrial park within Nigeria. The investment signals a significant boost for local industrialization and energy sector growth across the continent.

Blueprint · Sep 13
Business

Nigerian Banks Confront New Investment Mandate

Nigeria's Federal Government has issued a pivotal directive to its financial institutions, urging a strategic shift towards more 'productive' investments. This bold move signals a decisive push to reshape the nation's economic landscape. African financial leaders must now navigate this new mandate, impacting growth and investment strategies.

Blueprint · Sep 13
Business

Nigeria, Australia Forge Mining Skill Alliance: A Game-Changer for Local Industry

Nigeria is actively pursuing a strategic partnership with Australia to significantly enhance its mining workforce capabilities. This collaboration aims to fortify professional skills and boost the sector's output, positioning Nigeria as a more competitive player in the global minerals market. The move underscores a commitment to local talent and sustainable economic growth.

Tribune Online · Sep 13
Business

Taraba Agriculture Attracts European Investors, Boosting Local Trade

Nigerian state Taraba is gaining significant international attention, with European investors expressing keen interest in its agricultural products. This surge in foreign investment, particularly from Türkiye, signals a promising future for Taraba's burgeoning coffee and tea industries. The move aims to boost local production and position Nigeria as a key player in global agri-exports.

Tribune Online · Sep 13
Business

Nigeria Cracks Down on Oil Theft: 81 Operations, 148 Arrests in Rivers

Nigeria's NSCDC has launched a relentless assault on oil theft and pipeline vandalism in Rivers State, executing 81 major operations within 100 days. This concerted effort has led to the arrest of 148 suspects and several convictions, safeguarding the nation's vital oil resources. The crackdown underscores Nigeria's commitment to combating illicit trade that cripples its economy and undermines energy security, demonstrating robust state intervention against economic sabotage.

AIT Live · Sep 13
Business

Dangote Refinery IPO: Nigeria's Industrial Future Goes Public.

Africa's industrial behemoth, Dangote Refinery, is set to redefine Nigeria's economic landscape with its ambitious IPO. Offering investors a unique stake in the nation's energy future, this N65 trillion valuation signals a bold new era for African enterprise and self-sufficiency. The move promises to unleash unprecedented growth, attracting global capital to Nigeria's booming market.

Tribune Online · Sep 13
Business

Nigeria Fortifies Digital Economy With Major Cybersecurity Summit

As Nigeria's digital economy surges towards an $18.3 billion valuation by 2026, the nation confronts critical cybersecurity challenges head-on. The upcoming CyFrica 2026 summit, backed by key government agencies, is set to solidify defenses and protect this burgeoning digital landscape. This strategic focus ensures that economic growth is not undermined by evolving cyber threats.

AllAfrica - Latest · Sep 13
Business

Infinix Niger Unveils GT 50 Pro: Redefining Mobile Gaming on the Continent

Infinix has officially launched its GT 50 Pro in Nigeria, introducing a hardcore gaming flagship designed to transform mobile play. This device boasts industry-first cooling technology and robust hardware, promising a seamless experience for African gamers. The launch signals Infinix's strategic evolution within its 'New GT Ecosystem', targeting the continent's booming mobile tech market.

InformationNG · Sep 12
Business

Dangote Refinery Fuels Price Surge: Petrol Costs Up 6.7% in Nigeria

Nigeria's Dangote Petroleum Refinery has announced a significant 6.7% hike in its petrol gantry price, now reaching N1,350 per litre. This adjustment, effective September 12, 2026, is poised to escalate acquisition costs for marketers and will likely impact pump prices nationwide. The move comes amid a volatile global crude oil market, testing Nigeria's deregulated downstream sector.

InformationNG · Sep 12
Business

Dangote Refinery Hikes Fuel Prices Amid Global Oil Surge

Nigeria's Dangote Refinery has announced a significant increase in petrol prices, directly impacting consumers and the national economy. This move reflects the volatile global crude oil market, with prices now soaring above $100 a barrel. The decision by Africa's largest refinery underscores the continent's vulnerability to international energy fluctuations.

Blueprint · Sep 12
Business

Nigeria Forges Stronger Tourism Bonds With China, Boosting Economic Prospects

Nigeria is aggressively pursuing new tourism alliances, signaling a strategic pivot towards international cooperation. This bold move is set to unlock significant investment, diversify the economy, and elevate Nigeria's global standing as a premier destination. The collaboration with China promises a new era of growth for the nation's burgeoning tourism sector.

Tribune Online · Sep 12
Business

AUC, ATAF Forge Ahead: Boosting African Economies Through Tax Reform.

The African Union Commission and the African Tax Administration Forum are deepening their strategic partnership, focusing on robust domestic resource mobilization. This critical collaboration aims to unlock Africa's economic potential, fostering sustainable development through enhanced tax administration and governance. Their joint efforts signal a powerful, continent-led push for financial self-reliance and prosperity.

Blueprint · Sep 12
Business

Nigeria's Defense Industry Leads African Innovation, Eyeing Global Markets

Nigeria's defense manufacturing is rapidly ascending, positioned to become a continental leader in innovation and self-sufficiency. This strategic growth strengthens national security while opening new avenues for economic development and global partnerships.

Blueprint · Sep 12
Business
Business

Nigerian Equities Market Soars, Bulls Drive N437bn Gain

Nigeria's stock market continues its impressive ascent, with the Nigerian Exchange experiencing a bullish run that added a staggering N437 billion in value on Friday. Investors are showcasing strong confidence, signaling robust health within the nation's financial sector. This momentum underscores significant opportunities for regional and international investment.

Blueprint · Sep 12
Business

Nasarawa's Food Future: Sasakawa Africa Urges Boost in Agri-Research Funding

Sasakawa Africa Association is sounding the alarm for increased government investment in agricultural research and extension services in Nasarawa. This strategic funding is critical for transforming food systems and ensuring sustainable growth across the region. The move highlights the urgent need to bolster local agricultural capabilities and drive economic prosperity.

Blueprint · Sep 12
Business

Nigerian Workers Face Economic Peril as ASUU Warns of Worsening Poverty

Nigeria's economic landscape darkens as the Academic Staff Union of Universities (ASUU) sounds the alarm over severe hardship. Skyrocketing inflation, fuel subsidy removal, and currency devaluation are decimating workers' purchasing power, pushing millions deeper into poverty. This stark warning highlights a crisis demanding urgent economic reform and compassionate governance.

Tribune Online · Sep 12
Business

Lagos Fraud Ring Exposed: Targeting Markets, Preying on Ambition

Nigerian authorities dismantle a sophisticated fraud network operating in Lagos's bustling markets. These alleged criminals capitalized on the 'get-rich-quick' aspirations of residents, highlighting pervasive economic vulnerabilities. The arrests underscore ongoing challenges in safeguarding financial integrity within urban centers.

Tribune Online · Sep 12
Business

Watu Kenya's Damien Gueroult: Finance Must Adapt To African Earners

Kenya's Watu Country Manager, Damien Gueroult, champions a revolutionary approach to finance, urging institutions to understand the unique earning patterns of African consumers. This strategy is critical for sustainable lending, empowering growth beyond traditional banking models. His insights offer a blueprint for financial inclusion and innovation across the continent.

AllAfrica - Latest · Sep 12