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KEGOZ MARKET WATCH KEGOZ BULLETIN · 20 OCT 2026 · MANUAL UPDATE
  • PMS · Depot average₦1,350/L— ₦0
  • DIESEL (AGO) · Depot average₦1,790/L— ₦0
  • COOKING GAS (LPG) · Depot average₦1,145/kg— ₦0
  • BRENT CRUDE · 19 Oct settlement$109.55/bbl▼ 0.3%
  • USD/NGN · CBN official · 16 Oct₦1,332.26/$1
  • USD/NGN · Parallel · 20 Oct bulletin₦1,365–1,390/$1
  • DANGOTE PMS · Gantry · 20 Oct bulletin₦1,325/L
  • DANGOTE AGO · Gantry · 20 Oct bulletin₦1,800/L
  • DANGOTE LPG · Depot · 20 Oct bulletin₦1,025/kg▼ ₦15
  • NNPC PMS · Abuja pump · 16 Oct₦1,405/L
Source: KEGOZ Daily Trading Intelligence Bulletin, Issue 051. Indicative prices; quote dates vary. Depot-average changes vs Issue 050. Verify with suppliers before trading. Not a live feed.

NITDA, NACCIMA Partner to Link Nigerian Startups with Investors

The National Information Technology Development Agency (NITDA) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have partnered to link Nigerian technology startups with investors, corporate organisations and new business opportunities.

The partnership, formalised through a Memorandum of Understanding (MoU), aims to attract more private-sector investment into Nigeria’s digital economy and help local technology businesses reach wider markets.

Under the agreement, NACCIMA will work to attract corporate investors and venture capital firms, facilitate business-to-business meetings and connect startups supported by NITDA with potential customers in sectors such as manufacturing, agriculture, logistics and trade.

The collaboration will also feature at the Digital Nigeria International Conference and Exhibition (DNICE) 2026, scheduled to hold in Abuja from November 10 to 12. The event will provide opportunities for startups and corporate investors to explore partnerships and negotiate business deals through dedicated business-to-business sessions.

As part of the initiative, the two organisations also plan to support 10,000 micro, small and medium enterprises (MSMEs) across the 36 states and the Federal Capital Territory with artificial intelligence tools, digital skills training, financial readiness support and access to new markets.

Another key aspect of the agreement is the proposed introduction of a digital trust mark platform to help businesses verify their identities, comply with data protection requirements and strengthen their cybersecurity preparedness.

Speaking on the partnership, NITDA Director-General, Kashifu Inuwa Abdullahi, said combining government policies with private-sector needs would create more opportunities for Nigerian innovators to turn their ideas into commercially viable products and services.

He explained that the arrangement would help technology startups connect with corporate customers, access local investment and secure sustainable business contracts.

NACCIMA National President, Jani Ibrahim, said the partnership would also encourage the adoption of digital technology in traditional sectors, including agriculture, manufacturing, trade and mining.

According to him, linking businesses with appropriate digital solutions and skilled technology professionals would improve productivity and help build a stronger, more resilient Nigerian economy.

To ensure effective implementation, both organisations have established a Joint Technical Working Group to coordinate activities, develop business opportunities and establish deal-room structures ahead of the partnership’s formal unveiling at DNICE 2026.

The collaboration is expected to strengthen relationships between technology startups and established businesses, while opening up more opportunities for investment, innovation and digital transformation across the country.

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