Business
Nigeria Dominates As Google Supports 60 African Startups
Google has said that 60 African startups have been selected for the second cohort of the Google for Startups Black Founders Fund for Africa with $4m funding.
The global firm said this on Tuesday during the Google for Startups Black Founders Fund 2022 winner announcement in Abuja.
It was disclosed that Nigeria dominates the selection list, which features 23 Nigerian startups.
Other countries benefitting from this funding programme include Kenya with 12 grantees, Rwanda with six grantees, South Africa with five grantees, Uganda with four grantees, among others.
It was disclosed that each of the selected startups will get support in the form of a six-month training programme that includes access to a network of mentors to assist in tackling unique challenges.
In addition to being a part of tailored workshops, support networks and community building sessions, the 60 grantees will also get non-dilutive awards of $50,000 and $100,000 and up to $200,000 in Google Cloud credit.
It was disclosed that fund will be distributed through Google’s implementation partner, CcHUB.
READ ALSO: CBN E-Naira Speed Wallet Deleted From Google Play Store
Speaking at the event, the Head of Startup Ecosystem, Sub-Saharan Africa, Folarin Aiyegbusi, said “Africa is a diverse continent with massive opportunity but the continent is faced with the challenge of limited diversity in venture capital funding flow. We hope that the Black Founders Fund program will be able to bridge the gap of disproportionate funding between expat startups over local and black-led companies.”
Also speaking at the event was the Director General, National Information Technology Development Agency, Kashifu Inuwa, who said that the recently passed Nigeria Startup Bill by the National Assembly will help to institutionalise legal frameworks that will enhance startup growth in Nigeria.
Business
Naira Records Massive Appreciation Against US Dollar Into Christmas Holidays
The Naira gained massively against the United States dollar in the last three days at the official foreign exchange as trading ended for the Christmas holidays.
Central Bank of Nigeria data showed that the Naira strengthened further on Wednesday to N1,443.37 per dollar, up from N1,449.99 on Tuesday.
This means that since Monday this week, the Naira has recorded a significant N13.18 gain against the dollar, according to the apex bank data.
READ ALSO:Naira Records Depreciation Against US Dollar Across Official, Black Markets
Similarly, at the black market, the Naira traded on Wednesday at N1,490 per dollar, an appreciation from the N1,500 exchanged on Monday but the same rate as on Tuesday.
The uptrend comes amid the rise in the country’s external reserves to $45.24 as of December 23rd, 2025.
DAILY POST reports that the Naira gained against the dollar at the official market on Monday and Tuesday.
Business
Report Any MRS Filling Stations Selling Fuel Above N739 Per Liter — Dangote Refinery To Nigerians
Dangote Refinery has urged Nigerians to report any MRS filling station outlets nationwide selling fuel above the N739 per liter announced price.
The company disclosed this in a statement on Sunday.
The refinery insisted that its petrol being at retail outlets remain N739 per liter while the gantry price is N699.
It further called on other filling station owners to patronize its refined petroleum products at the N699 rate.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”
READ ALSO:Dangote Sugar Announces South New CEO
Recall that Aliko Dangote, the president of Dangote Refinery, had pegged the retail price of his petrol at a maximum of N740.
DAILY POST reports that MRS filling and other filling stations had reduced fuel prices to between N739 and N912 per liter in Abuja.
However, reports emerged that some MRS filling stations were selling above the N739 per liter announced price benchmark.
Business
Naira Records Significant Appreciation Against US Dollar
The Naira recorded significant appreciation against the United States dollar on Monday at the official foreign exchange market to begin the week ahead of Yuletide on a good note.
The Central Bank of Nigeria’s data showed that the Naira strengthened to N1,456.56 per dollar on Monday, up from N1,464.49 traded on Friday last week, 19th December 2025.
This means that the Naira gained N7.93 against the dollar when compared with the N1,464.49 was exchanged as of Friday, December 19, 2025. DAILY POST reports that Monday’s gain at the official FX market is the first since December 15th.
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Meanwhile, at the black market, the Naira remained stable at N1500 per dollar on Monday, according to multiple Bureau De Change operators in Wuse Zone 4, Abuja.
The development comes as the country’s external reserves stood at $44.66 billion as of last week Friday.
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