Building a great product isn’t just about having an innovative idea—it’s about execution, focus, and understanding users’ needs. Michael Seibel, CEO of Y Combinator, outlines key principles that have helped successful startups thrive. From solving real problems to keeping operational costs low, these lessons are especially relevant for Nigerian entrepreneurs navigating a dynamic and evolving market.
SeamlessHR, a leading Nigerian HR-tech startup, has secured $9 million in Series-A extension funding from investors like the Gates Foundation and Helios Digital Ventures. With this boost, the company is expanding into Nigeria’s public sector, targeting government agencies to modernize HR operations.
Discover how to create a winning pitch deck that captures investor interest and secures funding for your Nigerian startup. This guide covers key strategies, from crafting a compelling story to showcasing market potential and business traction.
IBM has exited Nigeria, Ghana, and key African markets, transferring its operations to MIBB. The move is part of a new strategy, with MIBB taking over IBM’s services across 36 African countries. While this transition presents opportunities for innovation, businesses reliant on IBM may face challenges.
Diageo has sold its 80.4% stake in Guinness Ghana Breweries to Castel Group for $81 million. The deal strengthens their long-term partnership while Diageo retains ownership of the Guinness brand, licensing it to Guinness Ghana. This follows Diageo’s earlier divestment of its stake in Guinness Nigeria. The transaction is pending regulatory approvals and is expected to be finalized in 2025.
Geregu Power Plc announced record-breaking 2024 results, with revenue reaching N137 billion and PAT growing by 71% to N27.4 billion. The company proposed a N21.25 billion dividend and invested heavily in plant upgrades, showcasing its commitment to growth and shareholder returns.
Resilience17, founded by Flutterwave CEO GB Agboola, has introduced Go Time AI, an accelerator program aimed at empowering African AI startups. With up to $200,000 in funding, mentorship, and technical resources, the program supports innovators in building scalable AI solutions. The first cohort includes startups like Catlog, Sahel AI, and FriendNPal, showcasing Africa’s potential in the global AI landscape. Applications for the next cohort open in May 2025.
Presco PLC’s 2024 financial results highlight exceptional growth, with pre-tax profit soaring 156% to N128 billion and revenue jumping 93% to N198.1 billion. The company’s strong performance was fueled by robust sales in Nigeria and Ghana, alongside significant gains from asset revaluation and exchange gains. Despite rising operational costs, Presco achieved a 108% increase in gross profit, showcasing its resilience and efficiency. Total assets also expanded to N422 billion, reflecting the company’s solid financial position.
World Bank has committed $1.2 billion to Nigeria’s Adolescent Girls Initiative for Learning and Empowerment (AGILE), a groundbreaking program aimed at improving secondary education for over 8.6 million girls across 18 states. By addressing barriers like poverty, cultural norms, and inadequate infrastructure, AGILE is building schools, promoting gender equality, and empowering girls to become catalysts for change.
A business plan is more than just a document—it’s the foundation of your business and the key to unlocking investor support. Whether you’re launching a startup or scaling an existing venture, a well-crafted plan can open doors to funding, partnerships, and growth. In this guide, we’ll walk you through 10 actionable steps to create a business plan that not only informs but also inspires.