Category: The Nation – Nigeria

The Federal Competition and Consumer Protection Commission (FCCPC) yesterday withdrew the criminal charge filed against MultiChoice Nigeria Limited and its top officers after the parties said they had resolved their differences.

FCCPC’s lawyer, Daniel Amadi, announced this while addressing Justice James Omotosho of a Federal High Court when the matter was called for arraignment of the defendants.

Amadi said the matter was for hearing, ‘but we have filed notice of withdrawal filed on August 16’.

He added: ‘Parties have settled and we agree to withdraw this suit.’

The defence counsel, Rolake Akingbola, did not oppose the application, and Justice Omotosho struck out the charge.

A major policy shift in 2025 has cleared the way for Nigerians to officially earn in US Dollars through approved online and digital channels. For millions of citizens seeking new ways to navigate a tough economy, this development could not have come at a better time.

While social media has been awash with all kinds of ‘dollar earning opportunities,’ many of them questionable at best, industry insiders are now pointing to one sector that has stood the test of time: premium domain names.

The Discovery of a Hidden Goldmine

During this research and investigation, we received dozens of calls from Nigerians both at home and abroad asking whether dollar earnings online were truly possible. Skepticism was common. After all, for every success story, there seemed to be five scams.

But one model kept appearing in our research: Acquiring and profiting from premium domains. At first, it sounded too good to be true. Could a single name on the internet really be worth thousands, even millions of dollars?

The answer, as global sales records confirm, is a resounding yes.

Voice.com sold for $30 million.

NFTs.com fetched $15 million.

Business.com famously went for $350 million years ago.

Chat.com was confirmed at $15.5 million just last year.

For Nigerians now allowed to earn and withdraw in US Dollars, the timing could not be more perfect. Click here to start

Bringing Global Opportunities to Local Buyers

One platform making headlines isSoftbrite, a US based company with more than 11 years of experience in helping clients secure premium domains and guiding them through a profitable resale process.

Unlike speculative platforms that sell random, low-value names, Softbrite offers curated premium and ultra-premium domains starting from $2,000 and going up to $12,000 or more. Each domain is selected for its resale potential, brandability, and demand in global markets.

From our extensive and independent research, we can confirm that domains are the internet’s real estate. Just as a property in Victoria Island or Banana Island appreciates, the right digital property gains value as businesses in tier one countries compete for it. The difference is that domains are cheaper to acquire and easier to resell globally.

Why Nigerians Should Pay Attention

Dollar Income at a Time of Naira Weakness

With the naira under constant pressure, earning in USD provides stability. Every resale completed on Softbrite is paid directly in US Dollars, giving Nigerians stronger spending power. A buyer can also specify their earning paid in Naira.

A Business AI Cannot Replace

Globally, AI is replacing jobs at an alarming rate. Tech giants have laid off thousands, while entire HR and IT roles are now automated. But one thing remains constant: every company still needs a domain name. AI cannot change that reality.

No Training, No Referrals, No Schemes

Unlike MLMs or referral programs, domain reselling doesn’t require recruitment. Nor does it need specialized training. As a potential client, you simply acquire a premium name, and Softbrite’s team in El-Paso, Texas, manages the resale until profits are realized. Click here to start

Real Proof of Profitability

Clients we spoke to confirmed that profits are not hypothetical. One Nigerian buyer reported acquiring a domain for about $2,000 and reselling it for $29,000, calling the profit ‘unbelievable.’ Another said his single domain resale brought in over $42,000, money paid directly to his account in USD.

Is Softbrite legitimate?

Yes Softbrite.com is considered a legitimate and trusted platform that allows individuals buy premium domains for cheap at their discount marketplace, they have a dedicated reselling team helping those buyers resell the domains for profit.

Verified Testimonials from Nigerians.

Abidemi(Manchester, UK): ‘I was skeptical, but my brother in Atlanta encouraged me. I bought a domain for , and the payout was more than 10 times the acquisition cost.’

Ikenna (Owerri, Nigeria): ‘I never trusted anything online. My wife convinced me. Today I’ve made over $22,000 from just one domain. I now see domains as real business opportunity.’

Ejembi (Otukpo, Nigeria): ‘As a risk taker and owner of a startup, I got a premium domain for $3500, after series of negotiations with the final buyer, it was sold for $43,000 as I could not wait any longer, the entire process took 3 months and 12 days. I will acquire more before the end of the year’

Olalekan (Ontario, Canada): ‘At first, I laughed at the idea of buying names. After research, I realized companies spend millions just for a domain name, it sounded unbelievable till the domain I acquired for $4000 by end of June sold by early September for $51,350. Some businesses are truly meant for the smart, now I understand why they say the rich will always become richer. They are risk takes who take decisions without fear.’

Effiom (Lekki, Lagos): ‘I didn’t want this secret exposed, but it works. I’ve sold enough domains to fly business class with my family. That says it all.’

How Softbrite Works

The process is straightforward:

Select a Domain, Buyers choose from Softbrite’s curated catalog of premium domains, priced from $2,000 upward.

Purchase Securely, Payments are made via valid bank transfer or credit/debit card.

Resale Strategy Softbrite’s team prepares the domain for global exposure.

Negotiations Managed Buyer inquiries and negotiations are handled professionally by a dedicated team based in the United States.

Profit in USD – Once sold, the client receives payout in US Dollars.

Softbrite charge 28% as soon as the domain is sold, that’s their own commission. Click here to start

How Long Does It Take to Sell a Domain?

Resale timelines vary. Some domains sell within weeks, others within months. But clients confirm the process is transparent, with updates on offers and negotiations. Importantly, premium domains rarely lose value, making them low-risk, high-upside.

Who Buys These Domains?

Demand is strongest in the US, UK, Germany, UAE, France, Canada and other economies with thousands of new businesses launching daily. Research shows:

95% of new businesses require a domain.

40% will upgrade to a premium name for credibility.

This demand ensures smart Nigerian buyers holding strong names through Softbrite are always connected to a global market for quick resale.

Our conclusion

After a detailed investigation, it is clear that domain reselling is not only legitimate but highly profitable. With Nigerians now officially approved to earn in US Dollars, platforms like Softbrite provide a safe and transparent way to profit immensely.

For those looking for an alternative income stream that:

Pays in USD,

Requires no referrals,

Cannot be replaced by AI, and

Offers profits ranging from thousands to tens of thousands of dollars

Premium domains through Softbrite.com are worth serious consideration.

‘This is not a side hustle it’s a doorway into the global digital economy,’ a Softbrite beneficiary concluded. ‘The best time to secure your domain is today. Tomorrow, someone else may already own it.’ Click here to start

Blessing Makanjuola, a mental health practitioner, advocate, and feminist, didn’t choose this path; pain chose it for her. Her voice, now calm yet commanding, carries the weight of a story that turned personal suffering into public purpose.

‘I was conscious while they cut me open,’ she recalls softly, her eyes distant as though replaying the scene in her mind. ‘The spinal injection didn’t work, but the doctor began the surgery anyway. By the fourth cut, I held his hand and screamed.’

That moment, she says, changed her forever. It wasn’t just the physical pain, but the awakening that came with it.

‘It made me realise how women’s voices are often ignored in spaces that concern their own bodies,’ Blessing says. ‘I stopped being silent that day. Pain made me speak.’

Her story began like many others, a woman preparing for childbirth and trusting the system to care for her. But it took a frightening turn in the operating theatre when her anaesthetic failed. ‘I could hear everything, feel everything,’ she says. ‘And when the nurse finally shouted that the spinal didn’t work, they had to give me general anaesthesia.’

The experience left her traumatised, but it also gave her a deeper understanding of the silent suffering many women endure in hospitals. ‘We are often told to be strong, to endure, to keep quiet,’ she says. ‘But I’ve learned that strength also means speaking up.’

Her second pregnancy would later teach her even more about autonomy, fear, and faith. She recalls a nurse who questioned her choice to have a C-section, asking why her mother-in-law hadn’t approved.

‘That moment shook me,’ Blessing says. ‘It made me realise that too many women’s bodies are treated like community property. My body is mine. I get to decide what happens to it.’

Blessing’s journey through trauma, depression, and recovery has now evolved into advocacy. She has become a mental health practitioner, using her story to encourage open conversations around maternal health and emotional healing.

‘Many women go through pain in silence,’ she reflects. ‘They smile through it because they think nobody will understand. But if my voice can help even one woman seek help, then that pain wasn’t wasted.’

Today, she speaks in calm assurance, not as a victim but as a woman who turned agony into activism. Her message is simple yet powerful: listen to women, believe their stories, and give them the space to heal.

‘I’ve learned that healing doesn’t mean forgetting,’ she says with a faint smile. ‘It means owning your scars and helping others find the strength to face theirs.’

The House of Representatives is to conduct a comprehensive investigation into the alleged mismanagement of scholarship funds and non-payment of stipend from 2015 to date, with a view to finding a lasting solution to support Nigerians studying abroad on scholarships.

This followed a motion sponsored by Chile Okafor on alleged abuse of process, breach of terms of engagement, and failure to pay scholarship stipends to Nigerian students in the diaspora by the federal scholarship board.

Okafor alleged that there exists abuse of process, breach of terms of engagement, and failure to pay scholarship stipends to Nigerian students in diaspora under government-sponsored scholarships and bilateral education agreements.

He said the Federal Scholarship Board (FSB), under the Federal Ministry of Education, is responsible for administering scholarships to Nigerian students at home and abroad, and the implementation of terms and agreements is solely their lawful responsibility for the welfare of Nigerian students in the diaspora.

He expressed concern about the outcry by the Union of Nigerian bilateral education agreements, scholars, and alleged odious mistreatment and starvation of funds, which has led students into unholy survival struggles, endangering their lives and leaving many vulnerable to danger.

He said if the future leaders of Nigeria are abandoned in foreign lands due to administrative inefficiencies or corruption, it is a reflection of poor commitment to education and youth development, and as the people’s representatives, legislators are under a social contract to protect Nigerian scholars on scholarships abroad from abuse and humiliation.

He said Nigerian scholars abroad face delays, non-payment, and unexplained deductions, causing financial distress and tarnishing the country’s international image, thus undermining the scholarship program’s objectives of fostering human capital development.

Also, the House asked the Nigeria Institute of Transport Technology (NITT) to complete the construction, equip the Effuruntor Centre for operational activities, and put it to use.

This followed a motion by Francis Ejiroghene Waive, who drew the attention of the House to provisions of the Nigeria Institute of Transport Technology establishment act.

He said that since the establishment of the institute, it has provided strategic leadership training to senior and middle-level manpower in the transport and logistics sector, adding that due to the growing need for safety in transportation and logistics modes to reduce accidents and attendant carnage, the institute established training centres in the six geopolitical zones in Nigeria to provide the much-needed training.

The centres, he said, were proposed and sited in Katsina, Kano, Borno, Benue, Ekiti, Lagos, Ebonyi, and Delta (Effuruntor), all of which are currently operational except the Delta (Effuruntor) centres in Ughelli North and South Federal Constituencies.

According to him, the Effuruntor Centre is about 50%completed but has since been abandoned, making it the only centre yet to become operational, adding that institutions like the University of Petroleum Resources, Petroleum Training Institute, and other Oil Companies within the area are waiting for the takeoff of the centre, with the University of

Petroleum Resources is signing an MOU with NITT to provide pipeline transportation for the nation’s oil and gas industry at the centre because of its strategic location.

The Nigerian Army has recorded another major success in the ongoing onslaught against terrorists and other non-state actors across the country.

In coordinated ground and joint operations the troops neutralised nine terrorists, including five Islamic State West Africa Province (ISWAP) and Jama’at Ahl al-Sunna li al-Da’wa wa al-Jihad (JAS), a Boko Haram splinter group, in Borno.

They also neutralized two terrorists in a border between Ekiti and Kogi state, and one in Delta State.

A military source told The Nation on Wednesday that troops recovered several weapons and logistics items from criminals in the operations that were conducted between October 2 to 6.

Providing details on the operations, the source said 151 Task Force Battalion ambushed ISWAP/JAS terrorists at Dipchari in Bama Local Government Area of Borno State, and in the firefight that ensued five terrorists were killed.

‘Similarly, 148 Battalion operating around the Iyemero community on the Ekiti-Kogi border neutralized two insurgents and recovered two new AK-47 rifles. While 3 Battalion repelled a large-scale attack on its location, inflicting heavy casualties on the terrorists, with one confirmed killed and several others escaping with gunshot wounds,’ the source said.

‘Trroops also arrested 8 criminal suspects for various offences including terrorism, kidnapping and illegal possession of weapons across Borno, Katsina, Imo and Plateau States.

‘Among the arrests were an ISWAP logistics courier in Monguno, a suspected terrorist collaborator in Kukawa in Borno State, a wanted IPOB/ESN kingpin in Imo State, and a suspected gunrunner in Plateau State.’

According to the military source, troops rescued 37 kidnap victims across Kaduna, Taraba, Plateau, Delta and Kebbi States, in ongoing clearance operations.

‘Notably, 28 locals were freed from terrorist captivity in Sakaba, Kebbi State, including a pregnant woman who gave birth during the rescue,’ the source said.

‘In separate missions, troops in Kaduna and Delta States rescued a total of seven kidnapped civilians, while another two victims were freed in Mangu Local Government Area of Plateau State following a swift response by troops of Operation ENDURING PEACE.’

The source said troops have continued to intensify anti-smuggling and anti-oil theft operations in the South South, noting that in Imo State, combined forces of 34 Artillery Brigade and Operation DELTA SAFE uncovered multiple illegal refining sites, and destroyed over 20,000 litres of stolen crude and refined products.

‘Troops equally recovered one dane gun, one fabricated pistol, three AK-47 magazines, 12 rounds of 7.62mm ammunition, 93 belted rounds of 7.62mm NATO and several motorcycles used for criminal activities,’ he said.

The source acknowledged the contributions of sister services, security agencies and local vigilantes, whose cooperation it said have continued to enhance the success of ongoing military onslaughts against terrorists and other non-state actors.

He assured Nigerians of the unwavering commitment of the Army to ‘create a safer environment that will boost economic and agricultural activities in line with the Federal Government’s commitment to food security.’

Popular skit maker Samuel Bankole, widely known as Samuel Banks, is facing a difficult time after losing his newly purchased iPhone 17 Pro Max at a concert.

Just days before the incident, the content creator who recently celebrated buying a new home had been actively promoting the Luli Concert organised by the Celestial Church of Christ, expressing excitement about the event and what attendees could look forward to.

In a promotional video for the concert, which took place on Friday at Tafawa Balewa Square, Samuel was seen dressed in his signature white garment.

However, a viral clip circulating online shows a distressed Samuel Banks searching for his missing phone alongside his partner and several others.

The comedian was seen pacing anxiously while discussing the situation with a man nearby, as his partner stood by looking visibly concerned.

Onlookers could be seen attempting to call his number in hopes of locating the device, but their efforts appeared unsuccessful.

This isn’t the first time a celebrity has suffered such a loss.

A few years ago, popular disc jockey Florence Otedola, famously known as DJ Cuppy, had her phone stolen in London after it was snatched from her hand while walking down the street.

Sir: Three years after seizing power, Burkina Faso’s strongman, Captain Ibrahim Traoré, continues to project himself as the torchbearer of a new African revolution – a reincarnation of the late Thomas Sankara. Yet, his recent performance, marking his third anniversary in power, revealed more theatre than substance. It was less a presidential address and more a self-congratulatory monologue filled with sweeping claims, imagined enemies, and revolutionary soundbites detached from the harsh realities on the ground.

Facing a carefully selected group of journalists – those unlikely to ask uncomfortable questions – Traoré transformed what should have been a serious state briefing into a one-man show. His tone was confident, even prophetic, yet far removed from the desperation of a nation caught in the grip of terrorism, poverty, and displacement.

Traoré opened with drama: when he came to power, he claimed, the Burkinabe army had ‘barely a hundred weapons and 100,000 cartridges.’ Such exaggerations might thrill loyalists but stretch credibility. Even local hunters would scoff at such arithmetic. Yet, the captain reassured his listeners that 15,000 men are now recruited annually and that Burkina Faso will soon ‘make its own weapons.’

How, and with what resources? There were no details – no factories, no engineers, no budget. It was a familiar populist pattern: imagination over implementation, rhetoric over realism.

Perhaps the highlight – or low point – of the press conference came with the grand economic announcement: a tomato processing plant. While jihadists overrun villages and thousands of civilians flee daily, the government’s big victory was the promise of locally made tomato paste.

Agricultural processing is undoubtedly essential. But in a nation where more than half of the territory is under terrorist control, the symbolism felt jarring. The message seemed to be: Burkina may not be safe, but at least it will have sauce.

When policies fail, populists find scapegoats. In Traoré’s narrative, the Ivory Coast has now become the enemy. He accused Abidjan of serving as ‘the rear base of Burkina’s enemies’ and even suggested that President Alassane Ouattara had signed a ‘non-aggression pact’ with jihadists.

Such allegations are not just far-fetched – they are dangerous. They strain regional diplomacy, alienate neighbours, and distract from the government’s inability to secure its own borders. Ironically, when a journalist cited a poll showing that 66% of Ivorians viewed Burkina Faso’s leadership favourably, Traoré shrugged: ‘Really? I don’t follow that. I don’t watch those media outlets anymore.’

This was revealing. In a state where the media is censored and dissent suppressed, even positive news struggles to reach the leader’s ears. Traoré appears trapped within his own echo chamber – and Burkina Faso with him.

Three years on, the outcomes are damning. Burkina Faso remains the most terrorised country in the world. Thousands have been killed, millions displaced, and much of the countryside is beyond state control. Schools are closed, health centres are abandoned, and basic livelihoods are destroyed.

Despite fiery anti-Western speeches and his warm embrace of Moscow, little has changed on the ground. Russian mercenaries and propaganda can amplify slogans, but they cannot rebuild schools, protect farmers, or restart an economy in free fall.

And now, with Burkina Faso – alongside Niger and Mali – having withdrawn from ECOWAS, the country faces deepening isolation. What Traoré brands as ‘sovereign independence’ increasingly looks like self-imposed solitude. Without regional cooperation, intelligence sharing, or trade partnerships, Burkina Faso risks turning into a garrison state – fortified in rhetoric but hollow in results.

In just three hours of speaking, Captain Traoré managed to: turn the Ivory Coast into the supposed headquarters of Sahel’s villains; declare tomato paste the new pillar of national resilience; and redefine politics as the art of deception.

But beyond the theatre, Burkina Faso continues to bleed. The ordinary people – farmers, students, traders, and families – pay the real price for this illusion of revolution.

Traoré may parade as the new Sankara, but three years on, his ‘revolution’ looks more like a parody than a legacy. The real revolution Burkina Faso needs today is not one of slogans or posturing, but of results – restoring security, rebuilding trust, and reviving governance.

Until then, Captain Ibrahim Traoré’s revolution remains exactly what it appears to be: a show more than a solution.

The Senate yesterday moved to impose a 10-year passport ban on Nigerians who have been convicted and deported from foreign countries over criminal activities.

This move followed the second reading of a Bill titled: ‘A Bill to amend the Passport (Miscellaneous Provisions) Act, Cap. P343 Laws of the Federation of Nigeria, 2004,’ sponsored by Senator Bello Sani Abubakar (APC, Niger North).

Presenting the lead debate on the Bill on behalf of the sponsor, Senator Mohammed Ogoshi Onawo said the Bill was intended to highlight the need for more provisions in the extant legislation to globally preserve, sanctify, and redeem the image of the Federal Republic of Nigeria.

He said the Bill sought to provide for measures towards preserving the image of Nigerians while abroad and the Federal Republic of Nigeria.

‘The implication of the proposed amendment is that where a Nigerian commits any of the foregoing offences in a foreign country and is convicted for the crime, the international passport of the convict would be withdrawn for 10 years. This measure serves as a veritable deterrent to the commission of crime in a foreign country.

‘This proposed amendment will redeem, preserve, and elevate the image and integrity of our dear country. It is also an opportunity for us to demonstrate our commitment to good governance and stance against crimes and criminalities.’

In his lead debate, Onawo averred that the proposed amendment to the extant Act had become imperative and compelling as a veritable action to effectively redeem the severely tarnished image of Nigeria in the eyes of the international community.

The lawmaker said there was a need to enact a strong disincentive for the commission of crimes by Nigerians across international jurisdictions.

He said: ‘The commission of crimes by Nigerians in foreign jurisdictions has dealt a crashing blow to the reputation and image of Nigeria, and is costing us stupendous disgrace in the diplomatic community and in international transits.

‘It projects Nigerians as personae non grata to whom foreign visas are restricted or denied, with a negative effect on our national interest.

‘Countries like China, Turkey, Canada, France, Egypt, Germany, Ethiopia, South Africa, Russia, the United Arab Emirates, among others, which are destinations of interest to our citizens, apply stringent visa rules to Nigerians.

‘A major reason for the visa restriction is the significant commission of crimes and conviction of Nigerians in those countries.

‘Though profiles of crimes by Nigerians in foreign countries are protected for human rights reasons, as Chairman of the Senate Committee on Foreign Affairs, and being privy to the issues in the diplomatic community, the detriment of such crimes to our foreign affairs, the harm to our bilateral and multilateral interests, and the dent to our image and integrity, I am convinced, that it is incumbent upon us as a country to act and demonstrate responsibility to ending the indulgence of our citizens in crimes anywhere in the world.

‘As a consequence of the injury to the integrity of our country from crimes by our citizens in foreign jurisdictions, innocent and patriotic Nigerians suffer harassment in international transits, denial and hardship in visa applications, discrimination and negative stereotype in social dealings, costs and distress.

‘The green passport is widely discountenanced and the sovereign pride it intrinsically bears has severely diminished. That is nothing less than a state of emergency!

‘The Legislature is mandated, under Section 4 of the Constitution, with lawmaking for the peace, order and good governance of Nigeria.

‘The extant law on Passport (Miscellaneous Provisions) Act is good, but good is the enemy of better.

‘It would do better if amended with provisions that impose an extra layer of deterrents to the commission of crime by our citizens in foreign countries.

‘It would demonstrate responsibility on our part to discourage the perpetration of crime by our citizens and to redeem the image of our country.’

In their contribution, the senators supported the Bill and approved that it should be read for a second time when it was put to a voice vote by Senate President Godswill Akpabio.

Supporting the Bill, Senator Babangida Hussaini (Jigawa Northwest) called for a tighter control over passport issuance to prevent non-Nigerians from fraudulently obtaining the country’s passports.

He said: ‘Nigerians of all shades and colours are being disrespected in foreign lands because of the ease of acquiring Nigerian passports.

‘In some cases, crimes committed by foreigners are attributed to Nigerians simply because they carry our passports.

‘We must reclaim the dignity of the green passport. When non-Nigerians use it to commit crimes, and Nigerians are profiled for it, that is an injustice to our people.’

Akpabio also threw his weight behind the Bill, describing it as ‘a bold step to preserve the dignity and integrity of Nigerians’.

He recalled a case in Dubai where a group of black men committed robbery using Nigerian passports but were later discovered not to be Nigerians.

‘This Bill will help tighten the process of passport issuance and ensure that those who mess up the country’s image abroad face the consequences.

‘Any Nigerian who tarnishes our image should not only face imprisonment abroad but also lose their passport for at least 10 years,’ Akpabio said.

The Bill, which enjoyed unanimous support on the floor, was referred to the Senate Committee on Interior for further legislative work and public hearing.

If passed, the law will make Nigeria one of the few African countries with domestic legislation sanctioning citizens convicted of crimes in foreign jurisdictions, as part of efforts to restore global respect for the Nigerian passport.

Akpabio added: ‘I applauded this bill when I first read it, because it speaks to preserving the integrity and international reputation of our nation.

‘So, as this bill, when it goes through public hearing and all, and comes back to us, and we send it to Mr. President for assent, and the concurrence of our colleague in the House of Representatives who helped to cope such incidents, who tightened the ways and manner in which Nigerian passports circulate in the hands of foreigners, and also where a Nigerian goes to mess up the image of the country, such a Nigerian should not just go to prison and be deported to Nigeria.

‘Such a person should actually lose an international passport for at least 10 years, or 10 to 20 years, to serve as a deterrent.’

A total of 58 start-ups in Nigeria and other parts of Africa raised over $140million last month ramping up the total cash raised this year to date to over $2.2 billion, new data released yesterday has shown.

According to Africa: The Big Deal, the latest update of the monthly start-up deals database gave quite a bit of work, as September saw a total of 58 companies raise $140 million on the continent (exc. exits). From an amount point of view, this is below average, yet equivalent to what had been raised in Sept 2024 ($146million), and above the Sept 2023 tally ($124million).

What is notable though, is the number of ventures who raised at least $100k last month, the second-best in a year (just behind July), the data noted.

Of the $140million raised, $105million (75per cent) were equity, and the rest mostly debt ($32million) and some grant funding ($3million, including 16 match-funding grants from DEG Impulse as part of their new develoPPP Ventures cohort in East Africa – see here and here). The five largest transactions of the month were all equity: Kredete (fintech, Nigeria) announced its $22million Series A; Pura Beverage closed their $15million Series B (not technically a start-up, though they’ve decided to go the VC route for their financing), Contractable (identity, South Africa) bagged $13.5million, Intella (AI, Egypt) closed a $12.5million Series A; and The Invigilator (education, South Africa) secured $11million.

There were also five exits announced in September, including three in South Africa where a consortium led by Twofold Capital acquired fintech TaxTim, edtech Rekindle acquired EpiTek, and fintech Street Wallet acquired Digitip. In North Africa, logistics start-up Cathedis was acquired by super app start-up Ora Technologies in Morocco, and healthtech Duaya acquired EXMGO in Egypt.

‘If we zoom back and look at quarterly numbers, start-ups in Africa have raised $785million in Q3, which is lower than Q2 ($963million) but significantly higher than Q1 ($461million). It is however a very strong Q3, comparing very favourably to the same quarter in 2024 ($649million), 2023 ($496million), but also 2022 ($612million). Start-ups in Africa have now raised $2.2b in 2025 to date (‘YTD’, exc. exits), which is only about $40million from the total raised in the whole of 2024,’ the report noted.

The Chairman of Eti-Osa Local Government, Omo’ba Adeola Adetoro, has distributed school materials to public schools pupils in her council.

Adetoro said that education is the bedrock of a society’s growth and development.

She added that the initiative reflects her administration’s commitment to creating an enabling environment that fosters all round development.

‘Our young scholars are the foundation of Eti-Osa’s future, and their achievements will determine the progress of our local government. That’s why we’re committed to creating an enabling environment that fosters learning and personal growth,’ she said.

She urged the pupils to take their studies serious, adding that hardworking and determination lead to success.

She said: ‘I urge our students to approach this new session with discipline, dedication, and excellence. Education is a treasure that will follow its owner everywhere, and I have no doubt that with hard work and determination, you will achieve great things.’

She commended the roles of teachers in building the future leaders.

‘To our teachers, I commend your tireless efforts in shaping the minds of our future leaders. Your role is crucial in inspiring and guiding our students to reach their full potential,’ she said.

The Chairman of All Progressives Congress (APC), Eti Osa Local Government, Aremo Olusegun Oyindasola, urged the pupils to be dedicated to their studies and avoid joining bad gangs.

The schools that benefited from the gesture included Ikota Primary School, Ilasan Primary School, Ajiran Primary School, Lagos State Model Primary School, Mayegun Community Primary School, Oba Yekini Adeniyi Elegushi Primary School, and Jamatul Islamiyah Primary School.