Nigeria’s data centers, the backbone of its digital economy, are facing a dilemma: raising their prices or absorbing the soaring energy costs. The high cost of petrol and diesel, which …
Business
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In a strategic economic move, the Federal Government unveiled a projected N26 trillion budget for 2024, aiming for submission to the National Assembly by December 31, 2023. The revelation came …
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The National Bureau of Statistics (NBS) confirmed yesterday a significant climb in September’s inflation rate, marking a record high at 26.72%, a substantial leap from August’s 25.80%. Statistician-General Prince Semiu …
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Business
MAN Advocates for Specialized Manufacturers’ Bank, Seeks Enhanced Support for Sector’s Growth
The Manufacturers Association of Nigeria (MAN) urges the establishment of a dedicated manufacturers’ bank to streamline financial support for the sector, mirroring institutions like the Bank of Agriculture. Francis Meshioye, …
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Ten years ago, Nigeria embarked on a historic reform of its power sector, hoping to end the chronic electricity shortages that have plagued its over 200 million citizens for decades. …
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Abuja, the capital city of Nigeria, has been granted financial autonomy by President Bola Tinubu, according to a decision confirmed by government officials. Abuja can manage its finances and resources …
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Banking complaints in Nigeria have surged by 117% year-on-year, reaching 6,865,217 in June 2023. Financial claims skyrocketed to N326.11 billion, raising concerns over service quality. Customer grievances against five major …
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The Africa Creative Market (ACM) 2023 is gearing up to prioritize intellectual property rights and tap into the transformative power of technology in the continent’s thriving creative sector. Each year, …
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Sony Group Corporation, the Japanese multinational conglomerate, has announced the launch of a new fund to support the growth of entertainment businesses in Africa. The fund, named Sony Innovation Fund: …
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Nigeria is set to join the global race for electric vehicle production as it inaugurates its first lithium battery factory in Nasarawa State. The $250 million project, funded by China’s …
