The closure of three key banks in the United States has taught Nigeria tough lessons, prompting Africa’s biggest economy to launch a $672 million fund to support its tech startups. Nigeria wants to cushion its startups against the kind of situation that Chipper Cash, a victim of the fall of SVB and the bankruptcy of […]
Tag: Nigeria
Human rights groups call on Nigerian govt to end sectarian violence
Amnesty International and other human rights groups have condemned the recent attacks in northern Nigeria that left at least 35 people killed and called on the country’s authorities to end the sectarian violence. At least 366 people were killed in southern Kaduna state in northern Nigeria, between January and July of 2020, Amnesty International (AI) […]
Startups in Francophone Africa are closing gap with English-speaking “big four” nations
In the past few years, Francophone Africa has made huge strides in creating startups, although the startup market on the continent is still dominated by the “Big Four” English-speaking nations. African startups continue to shatter fundraising records, but the majority of investment inflows go into those operating in English-speaking countries Egypt, Kenya, Nigeria, and South […]
Nigeria extradites woman wanted in Italy for running prostitution ring
Nigerian authorities handed over to Italy Wednesday a woman wanted by the European country since 2010 for crimes including running a prostitution ring, Reuters reports citing the Italian police. Joy Jeff, 48, was flown from Abuja back to Rome where she has been sentenced to 13 years in prison. She has been one of the […]
Nigeria: Opposition parties challenge election results, call for annulment
While Bola Ahmed Tinubu was officially declared the winner of last Saturday’s presidential election in Nigeria, two major opposition parties say the results were rigged and have vowed to challenge the results in court. Nigeria’s opposition renewed calls for the election result to be overturned on Thursday, March 2, a day after the country announced […]
Nigeria, South Africa ‘gray-listed’ by global anti-money laundering watchdog
The inclusion of Nigeria and South Africa, the continent’s leading economies, on a ‘gray list’ by the Financial Action Task Force (FATF) could present far-reaching setbacks to the two countries’ economic growth. The warning by the Paris-based FATF, a global anti-money laundering and terrorism financing watchdog, comes in the midst of a difficult financial phase […]
Nigeria’s opposition parties reject ruling party’s victory over irregularities
Nigeria’s two main opposition parties on Tuesday called for the cancellation of the country’s weekend presidential elections won by Ruling party candidate Bola Tinubu, on the grounds of “massive manipulations” of the results. The Nigerian federal electoral body, INEC, crowned Tinubu winner of Saturday presidential poll after partial count of the votes. Tinudu of All […]
Nigeria election: first results trickling in, Obi wins key Lagos state
Nigeria’s Independent National Electoral Commission (INEC) has started announcing state-by-state results from Saturday’s presidential election but the slow process of uploading the results to INEC’s website has fueled worries of malpractice in the country. However, according to the latest reports, Peter Obi of the Labor Party has gotten the most votes in the commercial hub […]
Nigeria’s presidential hopefuls sign peace pact in bid to prevent unrest during election
As Nigerians head to the polls on Saturday Feb. 25 in a fiercely-contested presidential vote, 18 candidates sign second accord in the capital Abuja in the presence of election observers in a bid to prevent unrest and “maintain a peaceful environment before, during and after … the vote.” The crucial election comes as Africa’s most […]
Nigeria elections: ‘nervous mood’ in Lagos as senate candidate killed ahead of the vote
Oyibo Chukwu, a senatorial candidate from the opposition Labor Party, has been killed by unknown gunmen in an attack on his convoy in southeastern Enugu State ahead of the national election in Nigeria. Chukwu’s convoy was ambushed Wednesday night as he was traveling back from a campaign event, according to police and a party official. […]









