American financial services giant J.P. Morgan is planning to establish a merchant bank in Nigeria, with operations expected to begin before the end of 2026, subject to regulatory approval. The plan was announced by Dapo Olagunji, Managing Director of J.P. Morgan West Africa, during the Nigeria–Asia Financial Connectivity Dialogue held in Singapore on October 8,…
Two Nigerian-American entrepreneurs, Ikenna Nzewi and Uzoma Ayogu, are working to transform Nigeria’s palm oil industry by combining technology, agricultural processing and innovation to tackle longstanding challenges faced by smallholder farmers. Through their agritech company, Releaf, the founders are developing advanced processing equipment designed to make palm kernel processing faster, more efficient and better suited…
Technology investor and entrepreneur Chamath Palihapitiya has argued that artificial intelligence is fundamentally changing the value of software intellectual property, suggesting that established software products may no longer enjoy the competitive advantage they once did. Speaking on the All-In Podcast episode released on October 9, Palihapitiya said recent developments in AI-assisted software reconstruction had challenged…
Petrol prices have reportedly climbed to as high as ₦1,900 per litre in some parts of Port Harcourt, Rivers State, as rising depot prices continue to put pressure on fuel retailers despite a reported price reduction by the Nigerian National Petroleum Company Limited (NNPC). The increase is adding to the financial burden on motorists, transport…
Nigerian singer David Adeleke, popularly known as Davido, could be receiving another major recognition as Babcock University reportedly prepares to launch a new music department named after the Afrobeats superstar. The reported development highlights the growing influence of Nigerian music and the increasing recognition of Afrobeats within formal education. Davido, one of Africa’s most prominent…
Nigeria has made history at the Veterans World Wrestling Championships after former national champion Mapsin Elias Mika secured a bronze medal in the 70kg Greco-Roman category in Amman, Jordan. The achievement marks Nigeria’s reported first-ever medal at the competition, giving the country a significant milestone in its wrestling history and bringing international recognition to its…
Nigerian manufacturers spent an estimated ₦1.35 trillion on alternative power in 2025, representing an increase of about 23 per cent from the ₦1.1 trillion recorded in 2024, as businesses continue to grapple with the high cost of keeping their factories running. The rising expenditure highlights the growing financial pressure on manufacturers operating in an environment…
Mobility financing company Moove has reportedly shut down its operations in Nigeria and transferred full ownership of vehicles worth approximately ₦35 billion to its current drivers, marking a significant development for drivers who relied on the company to access vehicles for work. The reported move could represent a major turning point for drivers who have…
The Nigerian Navy has uncovered a large quantity of substance suspected to be crude oil stored in an underground reservoir in Delta State. According to the Navy, approximately 40,000 litres of suspected crude oil were discovered in a large dugout reservoir in the Oteghele general area of Delta State. The discovery was made during an…
Photos have emerged following the rescue of 20 prospective National Youth Service Corps (NYSC) members who were abducted along the Owerri–Onitsha Road in Imo State on October 1. The graduates, who were travelling from Ibadan to their NYSC orientation camps, were rescued on October 7 after spending several days in captivity. They were recovered at…
