Niteon, one of Nigeria's largest digital export marketplaces, has announced the launch of Niteon Capital, the first neobank built specifically for African manufacturers. Founded by Nigerian entrepreneurs Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and mineral products, connect seamlessly to international …
FXTM, a global leader in online trading, has announced the launch of FXTM Edge, a new trading account designed to give Nigerians an easy and innovative way to enter the financial markets. FXTM Edge provides an accessible entry point into the markets by allowing traders to begin with as little as $50 through a micro trading account, enabling …
Analysts at Financial Derivative Company (FDC) led by economist Bismark Rewane have said Nigeria’s latest trade figures highlight both the fragility of its oil reliance and the potential of its broader economy. In Q2 2025, crude oil earnings slumped by over ₦3 trillion, despite higher production. By contrast, non-oil exports surged 107% to ₦18.4 trillion in the …
The National Bambara Nut Producers, Processors, and Marketers Association of Nigeria (NBPMPMAN) is setting ambitious goals for the next two years, with plans to achieve 10 million metric tonnes of Bambara nut production. This goal highlights the importance of Bambara nuts as a vital commodity in Nigeria's agricultural sector, not only for their economic potential …
In a bid to ease growing concerns among Nigerians, the federal government has announced a delay in the implementation of the new tax law, including the controversial 5% fuel surcharge, until January 1, 2026. Finance Minister Wale Edun made this revelation on Tuesday, attempting to quell fears of an even greater strain on household budgets …
The National Union of Petroleum and Natural Gas Workers (NUPENG) has vowed to press ahead with its nationwide strike following the breakdown of a conciliation meeting convened by the Minister of Labour and Employment, Muhammad Dingyadi, to resolve the dispute between the union and the Dangote refinery. The meeting, which was held on Monday, ended …
In a bold move aimed at reforming Nigeria's mining sector, the Nigerian Mining Cadastre Office (MCO) has revoked over 4,700 mining licences that were hoarded by speculators and inactive holders. This action, taken in the past year, seeks to create a transparent, competitive, and investor-friendly environment that can attract serious players and boost Nigeria’s position …
The United States government has announced a generous contribution of ₦49.8 billion ($32.5 million) to the World Food Programme (WFP) Nigeria, aimed at addressing the growing food insecurity crisis affecting millions of Nigerians, particularly those in conflict-affected regions. The donation is expected to play a critical role in providing vital food and nutrition assistance to …
Advancements in robotic surgery are paving the way for safer, faster, and more precise medical procedures. AI-assisted robotic surgery is transforming healthcare by reducing complications, speeding up recovery times, and increasing precision in procedures ranging from organ transplants to cancer treatments. Recent findings from a systematic review have shown that AI-assisted surgeries improve surgical accuracy, …
The Shenzhen-Hong Kong-Guangzhou innovation cluster has been recognised as the leading global innovation hub in the 2025 World Intellectual Property Organisation (WIPO) Innovation Index, surpassing Tokyo. This region's dominance is underscored by its robust technology sector, which spans industries such as electronics, artificial intelligence (AI), and biotech. The Shenzhen-Hong Kong-Guangzhou cluster represents a model for …
