The World Bank upgraded its prediction for Nigeria’s economic growth to 4.4% for 2026 and 2027, saying on Tuesday, that the country’s economy is expected to develop at its quickest rate in over ten years. This was revealed in the World Bank’s most recent Global Economic Prospects report. The most […]
BUSINESS
Following the resignation of the former CEO, John Ugbe, MultiChoice Nigeria has announced in a statement that Kemi Omotosho would take over as CEO. After over 15 years, Ugbe, who led the company through major changes in Nigeria’s media and entertainment sector, managing a swift digital change, shifting consumer behavior, […]
By Peace Timi As businesses brace for another year of economic uncertainty and rapid change, 2026 is shaping up as a decisive period for corporate leaders, entrepreneurs and policymakers. Shifts in technology, workforce dynamics and consumer behaviour are forcing organisations to rethink traditional strategies, with adaptability emerging as a critical […]
Digital Realty, a premier global provider of data center, colocation, and interconnection solutions, has launched its third data center in Lagos, South West Nigeria, which will not only shape the country’s digital future but also the social and economic fabric of its communities. The new facility, tagged LKK2, significantly expands […]
Excess liquidity in the banking sector is demonstrated by the high increase in bank deposits with the Central Bank of Nigeria (CBN) of 783.7 percent year-over-year (YoY) to N79.8 trillion in the first seven months of the year (7m’25) from N9.03 trillion in the equivalent period of 2024 (7m’24). […]
Aliko Dangote, the president and CEO of Dangote Industries Limited, has urged affluent Nigerians to make investments in the country, claiming that this is still the only way to develop the country. He contends that without large investments, a country cannot experience true growth and progress. He urged […]
The Nigeria Data Protection Commission (NDPC) has fined MultiChoice Nigeria a devastating ₦766,242,500 (≈$501,000) for serious violations of the Nigeria Data Protection Act (NDPA), causing the company to face a series of financial and regulatory difficulties. According to the NDPC, an inquiry that was started in Q2 2024 discovered that […]
Over 100,000 gasoline-powered vehicles have been converted to compressed natural gas in the last year, according to the Federal Government, which emphasizes that it has made great strides in increasing the use of alternative fuels nationwide. This was revealed Thursday at a workshop for a sensitization program in Lagos […]
As several states took up the responsibility of regulating energy markets inside their own jurisdictions, operators and experts in the power sector have voiced concerns, anxieties, and anticipated opportunities. This comes after the Nigerian Electricity Regulatory Commission recently disclosed that, in compliance with the Electricity Act 2023, seven states […]
Peter Obi, the 2023 Labour Party presidential candidate and former governor of Anambra State, has defended his administration’s investment in the state brewery, claiming that in spite of criticism, it is still a significant economic asset. Obi described the difficulties he encountered in luring investment to Anambra in an interview […]