In a landmark move for Africa’s financial sector, the Central Bank of Nigeria (CBN) has approved the official launch of open banking, mandating that banks begin sharing customer data with authorized financial institutions starting in August 2025. This makes Nigeria the first African country to implement open banking, four years after the CBN first introduced …
Nigeria’s Carbon Market Activation Policy is set to unlock $2.5 billion by 2030, boosting green investments and positioning the country as Africa’s climate finance hub. Learn more about President Tinubu’s Energy Transition Plan and Nigeria’s net-zero goals.
Introduction In recent months, Nigerians have increasingly turned to locally-made products as the soaring cost of imported goods, driven by currency depreciation and economic pressures, forces a shift in consumer behavior. What was once a matter of preference has now become a necessity, with households adapting to tighter budgets by embracing homegrown alternatives. This trend …
Nigeria, Africa’s largest economy, is a dynamic and diverse market with several key sectors driving growth and development. From oil and gas to agriculture, fintech, and manufacturing, each industry plays a crucial role in shaping the nation’s economic landscape. In this edition of Tuesday Trends, we explore the latest developments, challenges, and opportunities in Nigeria’s …
Nigeria’s startup ecosystem is no longer the “next big thing”—it’s happening now. From fintech disruptors to agritech innovators, the country is fast becoming the Silicon Valley of Africa. But navigating this dynamic space requires more than just ambition—it calls for insight, timing, and a keen eye for opportunity. Welcome to this week’s edition of Thursday …
The Federal Government has officially approved the creation of the Lagos International Financial Centre (LIFC), a landmark project aimed at establishing Nigeria as a premier global financial hub. The initiative underscores the government’s dedication to macroeconomic stability, investment mobilization, and financial sector reforms, according to a statement by Mohammed Manga, Director of Information and Public …
Federal Government Launches Free IT Training Program to Fill Two Million Job Vacancies In a bold move to address the growing skills gap in Nigeria’s Information Technology (IT) sector, the Federal Government has announced a comprehensive six-month free training program for youths. This initiative, approved by President Bola Ahmed Tinubu, is part of a broader …
Nigeria and Brazil Seal $1.1 Billion Green Imperative Project to Revolutionize Agriculture and Boost Food Security In a landmark move to transform Nigeria’s agricultural sector, the Nigerian government, in collaboration with Brazil, has signed the commercial phase of the $1.1 billion Green Imperative Project (GIP). The agreement, finalized on Monday at the Presidential Villa in …
The Federal Government of Nigeria (FGN) has launched a ₦75 billion Micro, Small, and Medium Enterprise (MSME) Intervention Program to provide crucial financial support to businesses nationwide. This program aims to unlock the financial potential of MSMEs, reduce production costs, create jobs, and boost economic growth. This guide provides a detailed overview of the program’s …
In a landmark move to transform Nigeria’s creative and tourism industries, the Federal Ministry of Art, Culture, Tourism, and Creative Economy, under the leadership of Honourable Minister Hannatu Musawa, has announced the approval of two groundbreaking initiatives by the Federal Executive Council (FEC). The Creative & Tourism Infrastructure Corporation (CTICo) and the Creative Leap Acceleration …
