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Fuel Import Bill Plunges 87. 5% as CBN Reports $4. 98 Billion Balance of Payments Current Account Surplus
10+ hour, 13+ min ago (299+ words) Nigeria's external trade position recorded a major structural shift in the first quarter of 2026. A dramatic decline in refined petroleum imports, combined with stronger energy export earnings, pushed the country's current account into a significant surplus. This improvement reflects Nigeria's…...
Tik Tok Commits $20, 000 to Launch Digital Commerce Lab, Partnering with NITDA to Train Small Businesses
10+ hour, 7+ min ago (262+ words) To bridge this digital gap, global social media giant Tik Tok, the International Chamber of Commerce (ICC) Innovation Office, and the National Information Technology Development Agency (NITDA) have teamed up to launch the Digital Commerce Lab. The initiative is designed to…...
Proximaforte Executive Trashes Lack of Funding Narrative as Root Cause of Nigerian SME Failures
2+ day, 12+ hour ago (339+ words) For years, conventional wisdom among macroeconomic planners and fiscal policymakers has held that a lack of access to formal financing is the primary cause of small business mortality in West Africa. However, during the official product launch of Oloja by…...
Your Kairos Moment: How Smart Entrepreneurs Know When It's Time to Act
4+ day, 7+ hour ago (793+ words) There is a Greek word most business schools never teach: Kairos. It doesn't mean time the way a clock measures it. It means the right time " the moment when conditions align, when a gap opens, when circumstances lean in your…...
Segun Falade Urges Nigerian SMEs to Overhaul Analogue Workflows and Leverage E-Commerce Ecosystems
6+ day, 11+ hour ago (312+ words) Segun Emmanuel Falade, Chief Executive Officer and Managing Director of Moneywealth Info Systems Ltd, has issued a strong call to action for local business owners. He emphasizes that a significant percentage of Nigeria's enterprise ecosystem has yet to integrate automated…...
How Mouka Leverages Downstream Incentives and "World of Comfort" Schemes to Lock In Channel Loyalty
6+ day, 11+ hour ago (295+ words) When macroeconomic challenges put pressure on retail markets, companies must use strategic trade incentives to protect their supply chains, prevent channel attrition, and keep their distributors motivated. To reinforce this critical network, mattress and sleep accessories manufacturer Mouka Limited'a subsidiary…...
Mata A Farka Incubator Launches in Abuja to Transition 100 Women-Led Nano Ventures into Formal Structures
6+ day, 11+ hour ago (359+ words) To address this structural barrier, the Mata A Farka Incubator Programme has officially launched its cohort in Abuja. The initiative welcomed over 80 women entrepreneurs to begin an intensive, six-week business development curriculum. Strategically translated as "Women Arise," the incubator targets…...
Why Systemic Friction and the "Illusion of Productivity" Keep 37 Million Nigerian SMEs Trapped in Chaos
6+ day, 11+ hour ago (270+ words) For small business owners operating within emerging retail markets, putting in long working hours does not automatically translate into scalable business growth. In highly competitive retail environments, independent merchants often confuse constant daily activity with strategic commercial progress. Speaking at…...
Myka Secures Pre-Seed Capital from Ventures Platform and TLcom to Digitise Nigeria's Insurance Pipeline
6+ day, 11+ hour ago (219+ words) To remove these distribution bottlenecks, licensed insurtech platform Myka has closed its pre-seed funding round. The financing round, completed on June 10, 2026, features a strong lineup of pan-African venture firms and prominent tech operators. The investor pool includes: Institutional Funds: Ventures…...
TAEF 2026 Convenes in Lagos to Convert $230 Billion Af CFTA Trade Upside into Executable Diaspora Investments
1+ week, 14+ hour ago (304+ words) To transition these pan-African market opportunities from conversation to transaction, global trade platform Afretrade Inc. is hosting the maiden edition of The Afretrade Entrepreneur's Festival (TAEF 2026). Holding from June 17 to June 19, 2026, at the Eko Hotel & Suites in Victoria Island, Lagos,…...