Economy
6 Things Nigerian Startups Are Worried About
By Adeniyi Ogunfowoke
Startups are the backbone of any economy. They are established by young Nigerians who make efforts to secure capital and start something on their own.
This is not a simple task. Ask any young person who owns a business, you will be taken aback by their experiences and tales of running one in Nigeria.
These startups which can be likened to small scale businesses have provided employment and contributed their own quota via creative ideas, to either offer solutions to societal problems or a service.
Despite this, there are quite a number of challenges they are encountering and are quite worried about. Jumia Travel, the leading online travel agency, discuss some of these worries.
Power
The issue of electricity can’t be over flogged. If power can be stroked off the list of things startups are worried about, it will have an overall impact on the startup. First of all, you will not factor in money for buying a generator or fuel into your budget. Such a money will be invested in the business or employ more hands. But power is epileptic. You will be gobsmacked if you see the amount even big organizations budget for huge generators and diesel let alone startups.
Business registration
Kudos to the Nigerian government for launching the 60-day national plan for ease of doing business in the country. It is good but it is more than just launching a plan. The time, money and stress of registering just a startup are discouraging. This is why many startups just register their business name while they leave the other paperwork for later. Business registration should be automated so that it won’t take more than a week to register a startup. In fact, priority should be given to startups.
Capital
Thanks to venture capitalists and seed investors who are supporting these startups to keep them afloat. Obviously, this is usually after you have invested a certain amount of your capital in the business. Where do you get the capital from? It is usually from friends and family. Banks are likely to deny you loans. And of course, the Naira to dollar fluctuations is also an issue.
Little tangible corporate or government support
Corporate organizations rarely support startups. They prefer to sponsor or support entertainment programmes or ideas. If you pitch your idea to them and it is not entertainment related, you are probably wasting your precious time. Corporate organizations should sponsor competitions, where individuals with startups ideas can compete and get, will get financial support to implement the idea. As for the government, they are trying but there is more to be done.
Taxation
There are different bodies that collect taxes in Nigeria. And they charge to pay all sorts of rates. Although some organisations fail to pay tax, it’s not their fault sometimes. The government needs to block these loopholes and harmonize the taxation process. Hence, startups will know that they are not double taxed.
Lack of patronage from Nigerians
It is worrying that Nigerians don’t buy made in Nigeria goods. They prefer foreign to Nigeria made. Patronizing Nigerian startups doesn’t only means you are supporting them, it shows you recognize their efforts.
Adeniyi Ogunfowoke is a PR Associate at Jumia Travel.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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