MTN Nigeria has invested ₦3 billion in the Federal Government’s 3MTT Programme, empowering over 90,000 Nigerians with technical skills and digital tools to compete globally.
Cutstruct has raised $1.5 million in seed funding to scale its digital procurement platform, improve logistics, and drive efficiency in Nigeria’s construction sector.
Nigeria has injected N1.5 trillion into the Bank of Agriculture and invested over N200 billion in nationwide agricultural interventions to boost food security and empower farmers. The country is also deepening regional partnerships, with The Gambia seeking to adopt Nigeria’s rice production model as part of its 2030 food self-sufficiency drive.
A Court of Appeal ruling has revealed that former CBN Governor, Godwin Emefiele, earned N350 million annually, with additional allowances exceeding $6 million. The court has overturned an earlier asset forfeiture judgment, ordering a retrial due to gaps in the original proceedings.
Salpha Energy has secured $1.3 million from All On to scale its locally built solar solutions in Nigeria. The female-led company is driving clean energy, job creation, and local manufacturing to close Africa’s energy access gap.
The Nigerian equities market ended the week of June 5, 2025, in positive territory, with the All-Share Index climbing 2.57% to 114,616.75 points. Premium stocks, banking, insurance, oil, and consumer goods sectors led the rally, while major companies like Oando, MTN, and FIRST HOLDCO drove market growth. Despite a dip in trading volume, investor sentiment remained strong.
Ogun State has launched AgriConnect, a digital agriculture initiative providing over 1,000 farmers with smart devices, free internet, and AI-powered tools to boost productivity and market access. Supported by Huawei, MTN Foundation, and OGFIMS, the programme aims to drive food security, modernize agriculture, and promote rural inclusion across Nigeria.
As Eid-el-Kabir 2025 approaches, livestock prices in Abuja have more than doubled, with traders citing insecurity and limited supply from the North and neighboring countries. Many buyers are now rethinking their celebration plans due to soaring costs.
Nigeria has launched a $7.5 million AI Scaling Hub in partnership with the Gates Foundation. The initiative aims to drive innovation in healthcare, agriculture, and education while positioning the country as a leader in Africa’s AI future.
Moniepoint has received regulatory approval to acquire a 78% stake in Kenya’s Sumac Microfinance Bank, marking a strategic expansion into East Africa’s financial sector. The deal awaits final clearance from the Central Bank of Kenya.