Nigeria and Japan have signed a $30.9 million deal to boost startups and support social enterprises. The partnership includes a new innovation hub in Abuja and a long-term fund for social impact ventures.
The ECOWAS Bank for Investment and Development (EBID) has approved €230 million and $10 million to fund key projects across West Africa, including SME support in Nigeria, cashew processing in Benin, and a major rail link between Nigeria and Niger.
Nigeria and the European Union (EU) are deepening their economic collaboration through a strategic €1.3 billion investment package. Finance Minister Wale Edun and EU Ambassador Gautier Mignot discussed boosting trade, infrastructure, and sustainability in Abuja, reaffirming commitments to economic reforms and investment-friendly policies.
Nigeria’s Exports Surge to $50.4 Billion as Weaker Naira and Subsidy Cuts Reshape Trade Balance
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.
