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Welcome to NowNowNaija! Discover how Numilk turned a Shark Tank pitch into a multi-million dollar success. This story shows how innovation and smart investments can transform industries.

TOP STORY

Numilk Secures $2M Investment, Hits $70M Valuation

Numilk founders Ari Tolwin and Joe Savino appeared on Shark Tank in March 2021 seeking $1 million for 5% equity. They secured a $2 million investment from Mark Cuban, including equity and a loan. Since then, Numilk has grown rapidly, reaching a $70 million valuation and expanding to over 500 commercial and home locations by January 2026.

If you enjoy plant-based products, Numilk's growth means more access to fresh, additive-free dairy alternatives made by custom machines. Their success influences the plant-based food market, making fresh plant milks more mainstream and affordable. For entrepreneurs, this highlights how combining innovation with strategic investment can scale a business significantly. It also shows the importance of resilience through initial losing years to achieve long-term growth.

Source: Legit Nigeria
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Market Trends at a Glance

USD/NGN

1416.10

▼ 0.16%

GBP/NGN

1903.34

▲ 0.10%

EUR/NGN

1651.21

▲ 0.19%

Gold - Oz ($)

4720.10

▲ 2.87%

Brent Oil ($)

64.03

▼ 0.16%

BTC-USD

90820.30

▼ 1.87%

ETH-USD

3111.01

▼ 2.37%

USDT-USD

1.00

▼ 0.03%

BNB-USD

914.49

▼ 0.87%

SOL-USD

131.39

▼ 1.46%

Rates shown are as of 6:00 AM Lagos time.

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Politics and Economy

Tinubu Meets Kano Governor Amid Defection Talks

President Bola Tinubu held a private meeting with Kano State Governor Abba Yusuf, sparking speculation about the governor's possible defection from NNPP to APC. The governor has been consulting widely and obtained support from key officials ahead of a potential party switch. Though neither government has confirmed the move, the Kano Assembly backs Yusuf's defection due to ongoing NNPP leadership disputes.

This meeting signals potential shifts in Kano's political landscape that could affect governance and alliances in Nigeria’s northwest region. If the governor defects to APC, it may realign power structures and influence upcoming elections. For citizens, such changes can impact local policy and resource allocation. The uncertainty also reflects broader tensions in party loyalties and stability ahead of the 2026 election cycle.

Source: Premium Times
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What else is happening:

  • Protesting local contractors barricade the Federal Ministry of Finance in Abuja, demanding the payment of a massive N4 trillion government debt, and preventing the Minister from entering her own office.

  • The Independent National Electoral Commission officially sets March 11, 2026 as the start date for political campaigns ahead of the next Osun State governorship election, marking a key milestone in the 2026 electoral calendar.

Tech and Business

NCC Opens Spectrum Bands to Boost Digital Economy

The Nigerian Communications Commission has started talks with key stakeholders to unlock new spectrum bands. This move supports President Tinubu’s plan for a trillion-dollar digital economy by enabling faster internet speeds, better coverage, and improved service across Nigeria.

This expansion means you can expect stronger internet connections not just on mobile networks but also in homes, businesses, schools, and healthcare centers. It lays the groundwork for wider access to technologies like 5G, cloud services, AI, and smart devices, boosting how Nigerians work, learn, and communicate digitally. The drive to open new spectrum bands could also attract investment and foster innovation, accelerating Nigeria’s digital growth in the years ahead.

Source: The Nation Newspaper
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Cement Prices Surge, Threatening Housing and Jobs

Cement prices in Nigeria jumped sharply to N10,500 per 50kg bag in January 2026, up from about N9,800 in December 2025. This significant increase affects major cities like Abuja, Lagos, and others despite earlier promises by producers to keep prices below N7,000. The rise threatens to escalate housing costs and slow property development.

This price hike means higher construction costs for you, especially if you’re planning to build or rent a home. With cement integral to building, rent prices could soar further, already doubling in cities like Abuja and Lagos. Jobs in construction and related industries are at risk as businesses may shut down due to rising expenses. The government’s silence leaves uncertainty, making it harder to foresee when relief might come. This surge ultimately strains family budgets and hampers affordable housing.

Source: Daily Post
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What else is happening:

Entertainment and Culture

Seyi Vibez: Nigeria’s Rising Street-Pop Icon

Seyi Vibez has quickly become a major force in Nigerian music, blending Afrobeat, Afropop, and street vibes into a unique sound. Hits like Chance (Na Ham), Karma, and Different Pattern showcase his emotional storytelling and street influence, earning him a passionate cult following and multiple successful albums.

For Nigerian music fans, Seyi Vibez’s rise means a new voice that speaks directly to urban youth and their everyday struggles. His authentic lyrics and relatable themes inspire listeners across the country, while his energetic sound dominates clubs and streaming platforms. Whether you’re discovering his music for the first time or have followed his journey, Seyi Vibez’s influence is shaping street-pop culture and bringing fresh energy to the Nigerian music scene.

Source: Legit Nigeria
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The Social Feed:

Sports

Super Eagles Reach Highest FIFA Rank in 16 Years

Nigeria’s Super Eagles have climbed to 26th in the latest FIFA men's world rankings, marking their best spot since 2010. This jump follows their impressive performance at the 2025 Africa Cup of Nations, where they secured the bronze medal after a strong run including six wins and only one loss.

This rise in ranking boosts national pride and strengthens Nigeria’s football reputation on the global stage. For fans and aspiring players, it signals renewed hope for future tournaments and increased attention to local talents. The ranking surge also highlights investment opportunities in Nigerian football, potentially improving training facilities and youth development. Community engagement around football is likely to grow, inspiring a new generation of athletes and fostering unity through sport.

Source: Punch
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Sports Spotlight:

  • Yaya Touré praises the Super Eagles for being the most impressive team at the AFCON tournament, citing their outstanding attacking record and defensive strength throughout the competition.

  • Akor Adams returns from AFCON to inspire Sevilla with two comeback goals in their LaLiga draw against Elche, thrilling fans and solidifying his role in the Spanish club’s attack.

  • Nigeria’s Moshood Abiola National Stadium in Abuja is slated for a major N24bn renovation under the National Sports Commission’s 2026 budget, aiming to enhance national sports infrastructure and international event readiness.

Quote of the Day

“Success is not built on success. It’s built on failure, frustration, and sometimes catastrophe.”
Sumner Redstone

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