General
Five Join Standard Chartered Women in Technology Incubator Programme
By Aduragbemi Omiyale
The prestigious Standard Chartered Women in Technology Incubator Programme (SC-WITI) in Nigeria has taken in five women who will get a $10,000 grant each, with business development advisory, mentorship opportunities and strategic business public relations.
The beneficiaries are Oluwadamilola Soyombo, founder of Skooqs; Bolarinwa Kemisola, founder of Nextwear Technology; Adegbite Adenike, founder of The Trillionbucks Company; Zita Agwunobi, founder/CEO of Iverify; and Wunmi Akinsola, founder of Fashtracker.
They emerged winners of the third edition of the scheme at a graduation ceremony held in Lagos recently.
Like the last two editions, the 10 young businesswomen in this cohort were shortlisted from over 1,000 applicants and went through a rigorous 16-week executive bootcamp during which they also interacted with business development coaches and executives from Standard Chartered.
At the end of the training period, five winners with the most compelling ideas were chosen. They will also receive portfolio advisory support for 10 weeks. They would be exposed to potential investors and join the global SCWIT alumni network to have access to additional networking events, resources, content, and business scaling opportunities.
“Today, we congratulate and celebrate these exceptional women who have gone above and beyond to prioritise the growth, sustainability and community impact of their businesses.
“As part of our Bold Stands, to Lift Participation initiatives like the Women in Tech incubator gives us the opportunity to unleash the full potential of female entrepreneurs who in turn are able to improve the lives of people around the world especially Nigeria.
“We continue to stand up for equitable access to financial support for women and small business. We are committed to accelerating the provision of quality financial services to women in Nigeria, purposefully connecting SMEs to international markets and building partnerships to expand the reach and scale of financial services.
“These are just some of the ways we continue to reiterate to our communities and customers that we are Here for good,” the Country CEO, Lamin Manjang said.
Also speaking, the Head of Corporate Affairs, Brand and Marketing, Dayo Aderugbo, stated that, “We are optimistic about the impact this programme will have on their businesses.
“Through the Women in Technology Incubator program, the bank focuses on capacity building for women-owned small enterprises, under our Futuremakers by SC Community Investment initiative, which we believe serves as a great opportunity to support greater diversity in gender representation within technology entrepreneurship for women in Nigeria.
“The resources the beneficiaries have received from the sessions are theirs for life and will certainly support the resilience of their businesses while creating employment for more women and youths in the country.
“We are excited about the endless growth opportunities and the ripple effect this growth will have on the economy. This initiative builds on the bank’s track record of increasing women’s access to entrepreneurial finance, employability and supporting adolescent girls and women through financing and capacity building.”
Launched in Nigeria in June 2019, the SC Women in Tech Incubator (SCWITI) was established to support and promote the economic and social development of women engaging in a technology-led enterprise.
Implemented for the bank by the Enterprise Development Centre (EDC), Pan-Atlantic University (PAU), the programme targets female-owned technology-driven businesses, including start-ups, and provides the shortlisted candidates with training, mentorship and knowledge exchange sessions with industry experts and thriving businesses in the country. To date, nearly half a million dollars has been invested in the program in Nigeria.
General
Tinubu Confirms Killing of Abu-Bilal Al-Manuki by Nigerian, US Forces
By Modupe Gbadeyanka
President Bola Tinubu on Saturday confirmed the killing of a senior ISIS leader, Mr Abu-Bilal Al-Manuki, in an overnight operation carried out by the United States and Nigeria.
President Donald Trump had earlier announced the elimination of the notorious terrorist via a post on his Truth Social.
Later, in a statement today, Mr Tinubu praised the action, describing it as “a significant example of effective collaboration in the fight against terrorism.”
“Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States, conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State,” he said in the statement.
According to him, early assessments confirm the elimination of the wanted IS senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin.
He commended the partnership between Nigeria and America in waging war against terrorists, thanking his US counterpart “for his leadership and unwavering support in this effort.”
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation,” the Nigerian leader added.
General
Nigeria Steps up AI Surveillance, Anti-Drone Systems for National Security
By Adedapo Adesanya
Nigeria is set to strengthen its defence architecture by deploying artificial intelligence-powered surveillance systems and advanced anti-drone technology as part of efforts to modernise the country’s military capabilities, according to the Minister of Defence, Mr Christopher Musa.
He disclosed this during a high-level visit to Monaco, where he led a Nigerian delegation to conclude discussions on the multi-domain Hybrid Intelligence Shield (HIS) project.
According to Mr Musa, the initiative is designed to enhance border security, protect urban centres and improve the country’s response to emerging security threats.
The project is expected to introduce AI-driven surveillance systems capable of identifying threats rapidly through smart algorithms, while anti-drone technology will be deployed to intercept and neutralise unmanned aerial threats.
The government also plans to establish national and regional command-and-control centres to improve real-time coordination and response to security incidents across the country.
Mr Musa said the initiative would place strong emphasis on technology transfer and local capacity development through the establishment of a military Centre of Excellence in Nigeria.
He added that the federal government would leverage partnerships with international firms, including Marss UK Ltd, while simultaneously building indigenous capabilities to address insurgency, illegal mining, piracy and other security threats.
Nigeria has continued to battle multiple security challenges in recent years, including insurgency in the North-East, banditry and kidnappings in the North-West, farmer-herder clashes in the North-Central region, crude oil theft in the Niger Delta and piracy in the Gulf of Guinea.
Nigeria is stepping up its defence as the border region of Nigeria, Benin and Niger on the southern edge of the Sahel region is becoming a new stronghold for jihadists, as militants turn forests and pastoral networks in West Africa into bases for recruitment and international attacks.
Attacks in Nigeria have also risen, with data from the website of the Armed Conflict Location & Event Data (ACLED), a conflict-monitoring group, affirming that the number of suicide bombings in Nigeria by March already matched the annual average over the past six years.
The Nigerian military has also been dealt a blow to its military bases and senior figures targeted. In April, Brigadier-General Oseni Omoh Braimah was killed when Islamist fighters attacked a base in Borno State.
To also meet the defence goal, Nigeria is stepping up efforts to build domestic arms-manufacturing capacity.
General
Nigeria, Morocco to Seal Atlantic Gas Pipeline Deal by Q4 2026
By Adedapo Adesanya
Nigeria and Morocco are set to sign a major intergovernmental agreement later this year to push forward the long-delayed Nigeria-Morocco Gas Pipeline project, a multi-billion-dollar energy corridor expected to reshape gas trade across West Africa and Europe.
The agreement, expected to be signed in the fourth quarter of 2026 by President Bola Tinubu and King Mohammed VI of Morocco, follows the completion of preliminary technical studies for the ambitious project, according to officials from both countries.
The pipeline, also known as the African Atlantic Gas Pipeline, is projected to stretch about 6,900 kilometres along offshore and onshore routes across West Africa, making it one of the largest gas infrastructure projects on the continent.
With an estimated cost of $25 billion, the pipeline is designed to transport up to 30 billion cubic metres of gas annually once completed.
Discussions on the project gained fresh momentum during a telephone conversation between Nigeria’s Minister of Foreign Affairs, Mr Bianca Odumegwu-Ojukwu, and her Moroccan counterpart, Mr Nasser Bourita.
The project would not only strengthen energy cooperation between the two countries but also improve regional economic integration and expand Africa’s access to European energy markets.
According to Morocco’s hydrocarbons and mining agency, ONHYM, part of the gas supply will support Morocco’s domestic energy demand, while large export volumes will be directed to Europe.
The project, first proposed about a decade ago, is seen as a strategic alternative gas supply route amid rising global energy security concerns and Europe’s search for more diversified energy sources.
Beyond the pipeline, Nigeria and Morocco are also exploring broader economic partnerships, particularly in fertiliser production and distribution to support food security across Africa.
Both countries also agreed on the need to revive the Nigeria-Morocco Business Council to strengthen trade and investment relations under the African Continental Free Trade Area framework.
Analysts noted that the project could significantly boost gas monetisation opportunities for Nigeria, expand regional infrastructure development, and deepen economic ties between West African nations and Europe if successfully executed.
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