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Feyisayo Ajayi

Feyisayo Ajayi is a finance reporter at Billionaires Africa, covering company valuations, latest market trends, and developments in the African continent with a special focus on finance, energy & renewables, and technology.
Business

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
News

Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.

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Business

The Gig Economy in Nigeria: Opportunities and Challenges for Freelancers

Nigeria's gig economy empowers freelancers with income opportunities, skill development, and independence, while challenges like earnings volatility and digital gaps persist.
Business

Africa’s Foreign Investment Boom: Key Drivers of Global Capital Flow

Africa attracts $53 billion in FDI, fueled by its natural resources, youthful market, green energy projects, and growing digital economy despite global challenges.
Society

Nigeria’s National Grid Challenges: Reform Efforts and Pathways to Sustainability

Nigeria’s energy sector faces persistent challenges, with grid inefficiencies and energy poverty hindering economic growth and development.
Politics

US to Return $53 Million in Seized Assets from Ex-Nigerian Oil Minister

US to return $53 million in seized assets from ex-Nigerian oil minister to fund development and security initiatives.
Business

Nigeria’s E-commerce Boom: Opportunities and Risks

Nigeria's e-commerce boom drives economic growth, creates jobs, fosters innovation, but faces infrastructure, security, and regulatory challenges.
News

Made in Nigeria: How Local Manufacturing is Competing on the Global Stage

Nigeria’s manufacturing sector thrives with "Made in Nigeria" initiatives, overcoming challenges to boost global competitiveness and economic growth.
Business

Vulnerable industries to watch: Nigeria’s Most Endangered Sectors in 2025

Nigeria's key sectors face risks in 2025, from energy transitions to climate change, inflation, and policy challenges.
Business

The Emergence of AI in Nigeria’s Leading 5 Companies

AI transforms Nigeria's top companies, boosting efficiency, innovation, and growth across banking, telecoms, fintech, manufacturing, and energy.
Business

Top 10 Founders driving Nigeria’s Tech revolution

Nigeria's tech leaders are redefining innovation, driving fintech, e-commerce, and telecom growth, shaping Africa’s digital future.
News

Lagos State Appeals Doctor’s Acquittal in Child Defilement Case

Lagos State appeals Supreme Court to reverse acquittal of Dr. Femi Olaleye in child defilement case.
News

Nigerian Government to Investigate Civilian Deaths in Sokoto Airstrike

Nigerian government pledges thorough investigation into the Sokoto airstrike that killed 10 civilians, citing erroneous intelligence as the cause.
News

CBN Grants Bureaux de Change Temporary Access to Official FX Market to Bolster Naira

CBN grants Bureaux de Change access to forex market while implementing measures to stabilize the Naira and curb speculation.
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Latest articles

Business

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
News

Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
News

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
News

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.