News
Why CFA’s Startups Hangout is a Must for Startups

The May 2017 edition of CFA’s Startups Hangout, which is the 5th Edition, comes up this week by 5:00 pm on Friday, May 26, 2017 at Adna Hotel, No. 28, Ladipo Bateye Street, GRA, Ikeja, Lagos.
There are tons of reasons why Startups should not miss this edition of the Hangout. The speakers for the May 2017 Edition of the Hangout are Simeon Ononobi, Co-Founder, MyAdsGlobal and Adeoye Abodunrin, ED, Xpos Technologies.
Currently, it is quite evident that Startups in Nigeria need some form of encouragement in the face of the harsh economic realities prevailing in the business environment as well as assistance by way of sourcing finance for their businesses or mentor-ship.
It is evident that, when Startups receive the required boost, there is no doubt that the resultant effects will be quite significant in boosting the economy of the nation.
CFA’s Startups Hangout is a Monthly meetup, where Startups meet to learn from successful Entrepreneurs that grace each edition of the Startups Hangout, through divulging nuggets that will assist them to grow their various Startups as well as network and synergize among one another.
Why Startups Should Attend?
In a nutshell, below are some reasons why Startups should attend CFA’s free Monthly Startups Hangout:
Learning
With successful Entrepreneurs and captains of industry making themselves available to impart the knowledge of how they achieved their success in business as well as pitfalls they encountered along the way, so, the Startups will not fall in the same pits, there is no doubt that the repertoire of knowledge passed to Startups during the Hangout are priceless and helpful in keeping them in business in the face of daunting challenges.
The variety of successful Entrepreneurs that grace each Hangout adds variety of perspectives and experiences and Startups are always on the lookout for opportunities and trends to analyze an idea and provide direction for their businesses from an outsider’s perspective.
The Entrepreneurs bring with them, ideas from their areas of specialization as well as general business ideas and these assists the Startups they should focus on and how they should tackle various problems.
When you learn from successful entrepreneurs who have been there, then, you have the opportunity to avert mistakes made by them and advance steps ahead.
Growth
After listening to, and asking relevant questions from the Entrepreneurs in attendance, growth is the next thing. Growth is, however, work in progress and ideas must constantly be sought to improve on the growth of the businesses of the Startups
Networking
Successful entrepreneurs have always made it known that networking remains a critical aspect of business, hence, it must be taken seriously by any Startup that wants to succeed. Startups should always be looking forward to connecting with fellow Startups where new alliances can be formed.
Many businesses have been able to achieve monumental breakthrough from forming formidable partnerships through networking.
In many cases, business is not about what you know but who you know. Any Startup worth his salt has to make connections, especially, if he wants to avoid wasting money on marketing.
Thus, startups willing to attend the May 2017 Edition of CFA Startups Hangout should complete the registration form to reserve a free seat for the event. Register here
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
E-Financial3 days agoHere Are Nigerian Banks That Have Secured Their Licences
E-Financial3 days agoZenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
Telecom3 days agoMTN CEO Toriola Hails Nigeria’s Telecom Transformation at MIPAD
News3 days agoICPC Charges Ozekhome with Forgery, Corruption Over London Property
E-Financial3 days agoNigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
E-Financial3 days agoHow Crypto Criminals Stole $700m from People – often Using Age-Old Tricks
General News2 days agoCybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy
Telecom3 days agoLebara Launches Agent Registration Portal













