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A food vendor prepares "jollof rice", a traditional meal often made using chicken, in the northern city of Kano
inflationary pressures

Nigeria: Climate change is driving the cost of jollof rice

“I do not think anyone in Nigeria needs persuading of the need for urgent action on the environment. Desertification in the north, floods in ... the centre, pollution and erosion on the coast are enough evidence. For Nigeria, climate change is not about the perils of tomorrow, but what is happening today,” President Muhammadu Buhari said during the UN Climate Change Conference (COP26) in October. And today means Nigerians are finding it increasingly hard to afford basic food items.

A woman looks at Nigerian banks apps on a smart phone in Abuja
A Two-sided Ecosystem

Nigeria – TeamApt eyes unicorn status, looks to become Africa’s largest digital bank

A Nigerian fintech startup, TeamApt, which provides financial services to the underserved mass market in Africa, is eyeing the unicorn status ... on the back of nearly $50bn in yearly transactions, as it seeks to raise a Series C funding round ‘at well over $1bn in valuation from some of the world's biggest investors’. TeamApt could be the fifth unicorn from the Nigerian fintech ecosystem, following Interswich, Opay, Flutterwave and most recently, Andela.

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