Business Report

Every institution with a genuine mandate to deploy capital toward women is quietly circling the same unresolved numbers. In Nigeria, it is a ₦2.9 trillion credit gap. Across Africa, the development finance gap sits at $42 billion. Globally, all-female founding teams receive just 2.3% of venture capital. Three numbers. Three entirely different capital systems: banking, development finance, and venture capital. Yet behind closed doors, risk committees across all three sectors offer the exact same explanation: they cannot find enough verified, de-risked, investment-ready women-led businesses to deploy the capital they already have. The market has spent a decade treating this as a capital shortage. It is not. It is an underwriting bottleneck. Zuri Circle Network (ZCN), founded by Linda Obi, former CEO of AfriHealth and Global Head of Strategy at Zenith Chain, has spent the past several cycles building precisely the infrastructure to clear it. The network now operates with over 1,400 verifi...

     A new phase has emerged in the dispute involving PalmPay Limited and KudiWave Technologies Limited, with media organisations that reported developments in the matter said to have received messages from PalmPay warning of possible arrest and demanding the removal of published stories. The warnings followed media coverage of two major developments in the dispute. The first concerned the movement of N750,369,439.04 from KudiWave’s account by PalmPay. The second involved PalmPay’s reported position that KudiWave’s address and the ownership of the account were unknown, a claim KudiWave later challenged with documents and evidence of previous dealings between both companies. One of the major pieces of evidence presented by KudiWave was a PalmPay correspondence dated July 28, which expressly identified KudiWave Technologies Limited and Account No. 8889232516. In the same letter, PalmPay asked the Nigeria Police Force to transfer N750,369,439.04, which it described as standi...

By Biola Akinyemi Foundation |  More than 400 residents from Atikori, Ojowo, Omen, Osun and Oke Agbo in Ijebu North received free medical care during a two-day outreach organised by the Biola Akinyemi Foundation on August 28 and 29, 2026, as the Foundation begins a broader push towards more continuous community healthcare. The programme, held at the Local Government Hall in Ijebu-Igbo, was the Foundation’s third medical outreach. It brought doctors, nurses, pharmacists, laboratory personnel, eye-care professionals and volunteers together to provide medical screening, consultations, health education, medication and eye-care support. Unlike previous outreaches held in Idokan, the latest programme was moved to a central location to make healthcare services more accessible to residents across the wider Ijebu-Igbo area. The outreach was preceded on August 27 by a meeting with representatives of the Obas of the five communities, supported by Ijebu North Local Government Chairman, Hon. Om...

  Blaxk Savage’s music has always carried a piece of his reality. From his earliest releases to his latest project, the Lagos-based rapper and singer has built his sound around one central idea: telling stories that feel real. That identity sits at the heart of his latest EP, MIRROR, a five-track project that reveals a more personal side of the artist. Released in July, the project reflects different stages of his journey, moving through survival, self-questioning, ambition, confidence and growth. The title MIRROR carries a deeper meaning. For Blaxk Savage, it represents looking inward and confronting every version of yourself  the struggles, mistakes, sacrifices, ambitions and dreams that ultimately shape who you become. The EP opens with “INTERLUDE,” setting the atmosphere for a journey of reflection before moving into “MAN IN THE MIRROR,” a record centred on self-examination and personal growth. The project continues with “RACK$,” which explores ambition, survival and the p...

 Breaking news, fast rising  Nigerian payment and logistics super app platform joins Temu's courier network to strengthen e-commerce fulfillment for Nigerian buyers and businesses. Kwikpik , Nigeria's smart payment wallet and logistics super app , has been approved as a last-mile courier partner on Temu, the world's fastest-growing e-commerce marketplace. Nigerian buyers on Temu can now expect to see Kwikpik as a last-mile delivery partner for their Temu orders. Users will be able to track their Temu packages in real-time, with guaranteed last-mile deliveries to homes and businesses across Nigeria. The partnership marks a significant step in Kwikpik's vision to empower communities through sustainable commerce, while cementing Temu's commitment to building a reliable local logistics infrastructure to support its rapid expansion into the Nigerian market. What the Integration Means for Nigerian Buyers As of today, Temu shoppers in Nigeria can now expect to see Kwikpik ...

  Meet Joseph Osagie Nigerian multidisciplinary artist , filmmaker, musician, actor and visual creator whose work spans music, filmmaking, visual effects and digital art. With a passion for storytelling and experimentation, Joseph is developing a creative identity that goes beyond social media content. His vision is to create original films, music and visual experiences that connect African creativity with audiences around the world. His approach is driven by a simple belief: “Talent is a skill anyone can develop.” This philosophy influences his desire to continuously learn, create and push himself across different artistic disciplines. Joseph Osagie is ultimately building toward a career as a complete artist and filmmaker, with ambitions to create meaningful work on a global scale while bringing his own perspective and African identity to everything he makes. His journey is centered on one goal: creating art that lasts.

"1 app Technology inc. receives recognition for its contribution to Regulatory innovation and financial inclusion at the 2026 Reg Tech Conference and expo"  Nigerian fintech company, 1app Technologies Inc., has been recognised for its contributions to regulatory innovation and financial inclusion at the 2026 RegTech Africa Conference & Expo held at the State House Banquet Hall, Presidential Villa, Abuja. The conference, themed “Building Trust, Infrastructure and Policy for a Borderless Africa,brought together policymakers, regulators, financial institutions, technology companies, investors and other industry stakeholders to examine the future of Africa’s digital economy and financial ecosystem. 1app participated in the conference as an exhibitor, where it showcased its growing range of financial solutions aimed at improving access to affordable, secure and borderless financial services for individuals and businesses across Africa. Among the solutions demonstrated were ser...

   For most successful bakeries, restaurants, fast-food outlets or packaged water business is a production system that depends largely on the quality and suitability of the equipment in use. From machines used for mixing, processing and production to refrigeration and other systems required for daily operations, the right commercial equipment can significantly influence productivity, efficiency and a business’s ability to meet growing customer demand. It is within this space that Adambay Kitchen Equipment has carved a niche for itself, supplying commercial and industrial machinery to businesses across the food, beverage and hospitality sectors. Founded by Adam Musa Muhammed, Adambay Kitchen Equipment provides equipment and setup solutions for entrepreneurs establishing new businesses as well as existing operators seeking to upgrade their facilities, improve production processes or expand their capacity. Located at 19 Olojo Drive, Ojo, along Alaba International Market, Lagos, t...