Business Climate and Economy

50% tariff hike could unlock over $150 million in mobile network investments – GSMA
February 2, 2025

A 50% increase in mobile tariffs in Nigeria could unlock more than $150 million in additional...

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Nigeria’s data privacy ecosystem can drive a trillion-dollar economy – NDPC
February 2, 2025

The Nigeria Data Protection Commission (NDPC) has stated that the country’s data privacy ecosystem has the...

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Nigeria requires $360 million investment to push 4G coverage to 98% – GSMA
January 24, 2025

GSM Association (GSMA), the global organization unifying the mobile ecosystem, has said that Nigeria will need...

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Cashew industry can contribute $3.7 billion into Nigeria’s economy, says NCAN president
January 24, 2025

The National Cashew Association of Nigeria (NCAN) has stated that the cashew industry has the potential...

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Lagos Detty December revenue hits $71.6 million, with $44 million from hotels, $13 million from short-lets
January 24, 2025

The Lagos State Government recorded an impressive economic boost during the December 2024 festive season, generating...

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Nigeria stands to gain from $136b AI, says WTO DG
January 24, 2025

The Director-General, World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has said Nigeria and three other African...

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Nigerians in diaspora spent N60 billion in December 2024 – NiDCOM
January 20, 2025

The Chairman of the Nigerians in Diaspora Commission (NIDCOM), Ms. Abike Dabiri-Erewa disclosed that Nigerians in...

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The price of progress: Telecom tariffs expected to rise in Nigeria
January 15, 2025

The telecommunications sector in Nigeria is poised for significant upgrades following the announcement by the Minister...

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Nigerian economy to grow by 3.5% in 2025, experts predict
January 15, 2025

The Nigerian economy has been projected to grow by 3.5% year-on-year (Y/Y) in 2025, an improvement...

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GDP rebasing: Real estate becomes Nigeria’s third largest subsector, displaces crude oil – NBS
January 15, 2025

The National Bureau of Statistics (NBS) has listed the real estate sector as the third-largest sub-sector...

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Net Forex Inflows Surge To $46.92bn — CBN
January 15, 2025

Data from the Central Bank of Nigeria (CBN) has indicated that the net foreign exchange (FX)...

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Moniepoint, Tyme‘s mega deals push African startups’ fundraising to $2.2 billion in 2024
January 9, 2025

African startups cumulatively raised a total of $2.2 billion in 2024 driven by two mega deals...

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