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Venture capital slump leads Nigerian startups to borrowing for survival

By Juliet Umeh As venture capital funding across Africa remains low, Nigerian startups are now turning to borrowing to stay afloat and support growth in a tighter investment environment. Latest data from Africa: The Big Deal shows that startups across the continent raised $135 million in May 2026 through 37 deals, an improvement from April’s […]

Nigeria First Policy concerns FMCIDE’s $10m deal attracts criticism

By Juliet Umeh Stakeholders in Nigeria’s Information and Communications Technology, ICT, sector has expressed concerns over aspects of the recent partnership between the Federal Ministry of Communications, Innovation and Digital Economy, FMCIDE, and Hello.cv. They argue that the arrangement contradicts the Federal Government’s Nigeria First Policy by promoting Cape Verde’s country code top-level domain, ccTLD, […]

Nigeria’s digital sovereignty quest gains mom

As Nigeria accelerates its digital transformation ambitions, one of the major obstacles that continue to undermine the aspirations of becoming Africa’s digital powerhouse is the country’s heavy dependence on foreign internet infrastructure.

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