The RevUp Women Initiative has launched its Nigeria Edition to support 150 women entrepreneurs across Lagos, Abuja, and Abia, with a focus on agribusiness and e-commerce. The program offers capacity-building, mentorship, networking, and access to $24,000 in grant funding.
At the BRICS summit in Brazil, U.S. President Donald Trump threatened a 10% tariff on countries aligning with what he calls the group’s "anti-American policies," further stoking global trade tensions.
The Debt Management Office (DMO) has launched the July 2025 Federal Government of Nigeria (FGN) savings bonds, offering interest rates of up to 16.762% per annum. The subscription runs from July 7 to July 11, 2025.
After nearly three years of restrictions, Nigerian banks have resumed international transactions on naira-denominated cards, offering customers greater flexibility for global payments.
AfDB has awarded a $1 million grant to South Africa's National Business Initiative to support youth-focused green skills development under the Just Energy Transition programme. The funding aims to strengthen skills systems, create jobs, and promote inclusive economic growth.
June 2025 was a breakthrough month for African startups, with $365 million raised—pushing total H1 funding to $1.35 billion. Equity and debt contributions signal renewed investor confidence, though Nigeria lags behind.
The IMF projects Nigeria’s fiscal deficit to rise to 4.7% of GDP in 2025, driven by falling oil revenues and increased government spending. While 2024 saw some improvement, the IMF urges urgent policy action, tax reforms, and full implementation of fuel subsidy savings to prevent deeper fiscal instability.
Mediterrania Capital Partners has raised €600 million for its fourth mid-cap fund, aiming to invest in high-potential businesses across North and West Africa. The fund will focus on growth sectors including finance, healthcare, and education.
Wave, the West African fintech disrupting mobile money services, has secured €117 million in fresh funding. The company plans to expand across the region and strengthen its commitment to affordable, inclusive financial services.