Nigeria Science & Technology news

By Juliet UmehAs 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 $110 million but still significantly below the 12-month monthly average of about $255 million.While the funding environment remains subdued, Nigeria con

By Juliet UmehStakeholders 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, .cv, instead of Nigeria’s indigenous .ng domain.
The controver

By Juliet UmehAs Nigerian banks battle rising bad loans amid economic uncertainty, industry stakeholders are urging lenders to look beyond digital loan applications and address deeper weaknesses in their credit infrastructure.
The call comes as the country’s non-performing loan, NPL, ratio climbed to 8.03 percent, above the Central Bank of Nigeria’s regulatory threshold of five percent, raising concerns about the sustainability of credit growth, particularly in the retail and SME se

By Juliet UmehAs 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.
Despite boasting one of Africa’s largest economies, Nigeria still hosts only 22 percent of its top 1,000 most-accessed websites locally, significantly below Africa’s average of 34 percent. Even more concerning is that ab

By Prince Osuagwu,As Nigeria pushes to diversify government revenues away from oil and strengthen fiscal sustainability, the telecommunications sector is increasingly emerging as one of the country’s most reliable contributors to public finances and economic growth.
Leading that charge is MTN Nigeria, which recently revealed it remitted a record N878.7 billion in taxes, levies and duties to federal and state governments in the 2025 financial year.
The remittance was a 15 per cent increase