In an age where many measure success by the bottom line, Dr. (Mrs.) Aisha Sulaiman Achimugu stands apart. A celebrated industrialist, humanitarian, and visionary, Aisha’s story is one not just of wealth creation but of wealth distribution; a deliberate choice to build people and uplift communities. Through a life steeped in philanthropy, empowerment, and excellence, she is redefining what it means to be a business leader in Nigeria. As the founder and president of the SAM Empowerment Foundation (SEF), Aisha Achimugu has spent the better part of her illustrious career investing in the lives of Nigeria’s most vulnerable: women, children,…
Author: Elvis Eromosele
…Global tech leaders including IBM, Meta, and MTN join GITEX NIGERIA 2025, driving tech opportunities that contribute to President Bola Ahmed Tinubu’s Renewed Hope Agenda across talent development & digital infrastructure Nigeria has risen to the forefront of Africa’s digital economy with a powerful ecosystem that is both homegrown and resilient – fuelled by government initiatives, global tech enterprises, and a thriving startup ecosystem; propelling Nigeria’s future with tech opportunities in talent development and digital infrastructure to help achieve the goal of US$1 trillion economy by 2030. Central to Nigeria – and Africa’s – ambitions of digital sovereignty lie in…
The Federal Inland Revenue Service (FIRS) has successfully integrated over 1,000 large taxpayers into its new e-invoicing platform, just two weeks after its official launch. This is a key step in the government’s effort to modernize tax administration and increase revenue. Top telecom industry players MTN Nigeria, Huawei Nigeria, and IHS Nigeria. are among the early birds. The National E-Invoicing Solution is a new system designed to capture business transactions electronically. It aims to reduce tax evasion, prevent under-declaration of income, and bring more businesses into the formal economy. Key Goal: To ensure the government is aware of a business…
The Nigerian Communications Commission (NCC) has announced that its new market-driven pricing policy has attracted over $1 billion in new infrastructure investment in 2025. This significant influx of capital comes just months after the policy took effect, reversing a long period of under-investment in the sector. Why the Policy Was Changed According to Aminu Maida, NCC’s Executive Vice Chairman, the policy, which allowed mobile network operators (MNOs) to adjust tariffs by up to 50% per cent was essential for restoring investor confidence. For nearly a decade, MNOs were unable to adjust prices to account for inflation and foreign exchange rate changes,…
Nigeria’s headline inflation rate has slowed to 21.88 per cent year-on-year in July. This is a slight decrease from the 22.22 per cent recorded in June and marks a welcome moderation in price increases. Key Factors Behind the Change Analysts at FBNQuest attribute the drop to a few key factors: High Base Effect: This means that inflation is being compared to a period last year when prices were already high, making the current increase seem smaller. Harvest Season: The beginning of the harvest season has brought new food supplies to the market, which helps to lower food prices. Improved Stability: The report…
…Global tech leaders including IBM, Meta, and MTN join GITEX NIGERIA 2025, driving tech opportunities that contribute to President Bola Ahmed Tinubu’s Renewed Hope Agenda across talent development & digital infrastructure Nigeria has risen to the forefront of Africa’s digital economy with a powerful ecosystem that is both homegrown and resilient – fuelled by government initiatives, global tech enterprises, and a thriving startup ecosystem; propelling Nigeria’s future with tech opportunities in talent development and digital infrastructure to help achieve the goal of US$1 trillion economy by 2030. Central to Nigeria – and Africa’s – ambitions of digital sovereignty lie in…
Nigeria is poised to strengthen its position as a leader in Africa’s digital economy. This September, the country will host the inaugural GITEX NIGERIA, a major technology event designed to bring together global tech brands, government leaders, and startups. The goal is to drive innovation and help Nigeria achieve its ambitious target of a $1 trillion economy by 2030. A Platform for Innovation and Talent GITEX NIGERIA is a collaborative effort supported by the Federal Ministry of Communications, Innovation and Digital Economy, the National Information Technology Development Agency (NITDA), and the Lagos State Government. The event, running from September 1-4,…
Nigeria is poised to strengthen its position as a leader in Africa’s digital economy. This September, the country will host the inaugural GITEX NIGERIA, a major technology event designed to bring together global tech brands, government leaders, and startups. The goal is to drive innovation and help Nigeria achieve its ambitious target of a $1 trillion economy by 2030. A Platform for Innovation and Talent GITEX NIGERIA is a collaborative effort supported by the Federal Ministry of Communications, Innovation and Digital Economy, the National Information Technology Development Agency (NITDA), and the Lagos State Government. The event, running from September 1-4,…
Nigeria’s Compressed Natural Gas (CNG) sector has attracted a significant $980 million in investment over the last 18 months, according to Michael Oluwagbemi, CEO of the Presidential Compressed Natural Gas Initiative (PCNGI). He made this announcement at the launch of a new Portland Gas/NASENI CNG station in the Federal Capital Territory (FCT). Rapid Growth and Investment Oluwagbemi highlighted the impressive growth of the CNG industry, which he described as the fastest-growing sector in Nigeria. Massive Investment: Companies like BUA and the Nigerian Bottling Company have invested over N720 billion to acquire CNG trucks and establish 100 water stations. Vehicle Conversion:…
A new law, the Nigerian Insurance Industry Reform Act (NIIRA), has made it mandatory for all petrol stations, gas stations, and their transport vehicles to have third-party insurance. This insurance must cover losses from accidental fire or explosion. New Penalties for Non-Compliance According to the new law, a copy of the insurance certificate must be clearly displayed at refilling stations or included with transport documents. Anyone who fails to comply could face severe penalties. Petrol and Gas Stations: Owners of these facilities can be fined at least ₦1 million or face a minimum of two years in prison for operating…