Business and trade Archives - Tech | Business | Economy https://techeconomy.ng/tag/business-and-trade/ Tech | Business | Economy Fri, 11 Jul 2025 14:18:13 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.2 https://techeconomy.ng/wp-content/uploads/2026/02/cropped-techeconomy-logo-32x32.jpeg Business and trade Archives - Tech | Business | Economy https://techeconomy.ng/tag/business-and-trade/ 32 32 Woodhall Finance House Launches the Creative Currency Podcast with ₦1.5 Billion Sector Fund https://techeconomy.ng/woodhall-finance-house-%e2%82%a61-5-billion-creative-currency-podcast-fund/ https://techeconomy.ng/woodhall-finance-house-%e2%82%a61-5-billion-creative-currency-podcast-fund/#respond Fri, 11 Jul 2025 14:18:13 +0000 https://techeconomy.ng/?p=162889 In the lush garden of the British Deputy High Commissioner’s residence in Lagos, the air was alive with more than just conversation, t pulsed with possibility. Creatives, policymakers, investors, and innovators gathered not just for another launch, but for the birth of a movement. That movement is The Creative Currency Podcast, a bold new platform […]

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In the lush garden of the British Deputy High Commissioner’s residence in Lagos, the air was alive with more than just conversation, t pulsed with possibility. Creatives, policymakers, investors, and innovators gathered not just for another launch, but for the birth of a movement.

That movement is The Creative Currency Podcast, a bold new platform co-created by Woodhall Finance House, in partnership with the UK Government’s Department for Business and Trade, Polaris Bank, and the Lagos State Government.

More than just a podcast, it’s a media-meets-money initiative designed to serve as a catalyst for economic growth in Nigeria’s flourishing creative sector.

Where Culture Meets Capital

For too long, Nigeria’s creative economy, rich in talent and global influence, has faced a paradox: international admiration without adequate domestic investment. The Creative Currency Podcast seeks to change that narrative by weaving together policy, finance, and storytelling in a way that attracts both global attention and local investment.

Hosted at a landmark event by Mr. Jonny Baxter, the British Deputy High Commissioner to Nigeria, the initiative gathered key players across sectors, high-net-worth individuals, DFIs, venture firms, cultural icons, and government leaders, to declare a new era of creative diplomacy and financial innovation.

“This is about more than promotion,” Baxter noted. “It’s about real investment, real partnerships, and real opportunities. Through initiatives like this, and the UK-Nigeria Enhanced Trade and Investment Partnership, we are helping the creative sector become a key driver of economic transformation.”

Lagos: The Beating Heart of African Creativity

Representing Governor Babajide Sanwo-Olu, Mrs. Folashade Bada Ambrose, commissioner for Commerce, Cooperatives, Trade, and Investment, reaffirmed Lagos’s status as the creative capital of Africa. She highlighted the city’s role as a launchpad for talent, technology, and trade across the continent, emphasizing the state’s continued commitment to enabling the creative economy.

Financing the Future: ₦1.5 Billion for Creative Entrepreneurs

The event’s momentum peaked with a powerful announcement by Woodhall Finance House: the launch of a ₦1.5 billion Creative Sector Fund. Aimed at export-ready enterprises and growth-focused SMEs in fashion, film, music, digital arts, and beauty, the fund signals a shift from applause to action.

“Creativity is not abstract—it’s a bankable commodity,” declared Mrs. Mojisola Hunponu-Wusu, Founder and President of Woodhall Capital. “We must finance our own narratives. This fund is our commitment to scale creative businesses, back bold ideas, and turn culture into capital.”

A panel discussion featuring Abimbola Ozomah (Polaris Bank), Sola Carrena (Helios Investment Partners), and Hunponu-Wusu spotlighted blended finance, creative bonds, and factoring as tools to unlock the untapped financial potential of Nigeria’s creative industries.

Cross-Cultural Sparks: The Fireside Chat

The evening transitioned into a vibrant fireside chat on UK-Nigeria cultural synergies. Moderated with warmth and wit, it featured Veekee James Atere, Shaffy Bello, and Mark Smithson of the UK’s Department for Business and Trade.

The conversation explored how collaboration across borders can drive innovation, empower storytellers, and reshape how Africa shows up on the global stage.

Jollof & Tea: A Fusion of Identity and Intention

As the sun set, so did formalities, giving way to a cultural fusion experience under the UK’s Jollof and Tea campaign.

Over traditional Nigerian flavors and British tea pairings, guests bonded over shared dreams and disruptive ideas. It was more than a dinner, it was diplomacy with a dash of spice.

The Creative Currency Podcast: More Than a Show

As Africa’s creative industries continue to attract global demand, The Creative Currency Podcast is stepping in as a transaction hub, a storytelling platform, and a tool for structural reform. Positioned at the intersection of finance, policy, and pop culture, it’s a bold reimagining of what media can do, transforming visibility into viability and culture into commerce.

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UK Minister for Business and trade Kemi Badenoch Arrives in Nigeria https://techeconomy.ng/uk-minister-for-business-and-trade-kemi-badenoch-arrives-in-nigeria/ https://techeconomy.ng/uk-minister-for-business-and-trade-kemi-badenoch-arrives-in-nigeria/#comments Sun, 11 Feb 2024 15:27:21 +0000 https://techeconomy.ng/?p=124815 Kemi Badenoch, the UK’s Minister for Business and Trade, has arrived in Nigeria to begin a 3-day visit to deepen the UK-Nigeria partnership. Following the former Foreign Secretary’s visit to Nigeria in August 2023, and last week’s UK-Nigeria Security and Defence Talks, Minister Badenoch’s visit will take forward ongoing efforts by both countries to boost […]

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Kemi Badenoch, the UK’s Minister for Business and Trade, has arrived in Nigeria to begin a 3-day visit to deepen the UK-Nigeria partnership.

Following the former Foreign Secretary’s visit to Nigeria in August 2023, and last week’s UK-Nigeria Security and Defence Talks, Minister Badenoch’s visit will take forward ongoing efforts by both countries to boost the UK- Nigeria trade relationship and unlock new investment opportunities.

While in Nigeria, Minister Kemi Badenoch and the Prime Minister’s Trade Envoy to Nigeria, Helen Grant will have meetings with the Federal Government of Nigeria, State Governors as well as British and Nigerian business leaders and investors.

Through these meetings, she will explore current and potential investment and trade activities from education to infrastructure and energy projects, with a potential to create thousands of jobs.

Minister Badenoch will look to further strengthen the UK-Nigeria partnership, remove barriers to trade and investment, grow business between the two countries, and ensure the City of London’s enabling role for international business is more accessible to Nigeria.

Commenting on her visit to Nigeria, Dr Richard Montgomery, British High Commissioner to Nigeria, said: 

“Nigeria is one of the UK’s most important partners in Africa. We are committed to helping Nigeria unlock new investments opportunities, supporting more UK and international investment through the City of London, and thereby creating jobs in both our countries.

 

“Recent big and bold reforms by the Federal Government of Nigeria and the Central Bank are boosting optimism amongst international investors that the country is on the right path and are creating the conditions for growth.”

What you should know about Minister Kemi Badenoch

  • Kemi Badenoch MP was appointed Secretary of State for the Department for Business and Trade on 7 February 2023.
  • She remains Secretary of State for International Trade and President of the Board of Trade on, which she was appointed to on 6 September 2022, and Minister for Women and Equalities for the Equality Hub, which she was appointed to on 25 October 2022.
  • Previously she was Minister of State at the Department for Levelling Up, Housing and Communities between 16 September 2021 and 6 July 2022 and Minister of State (Minister for Equalities) in the Equality Hub between 14 February 2020 and July 2022.
  • The Secretary of State has overall responsibility for the Department for Business and trade.

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