To resolve the persistent poor network quality, increase the speed of internet connectivity, expand digital inclusion and put the country on a sure footing for a digital future, Nigeria would need between $12 billion and $15 billion of infrastructure investment in the next five years, MTN chief has said. In terms of size, the country’s …
Some economists have said it is still too early to gauge the true impact of the recent petrol subsidy removal and the unification of the foreign exchange rates on inflation figures. “We believe that in the early days, the impact of subsidy removal on inflation, particularly core inflation, was less severe,” said Tajudeen Ibrahim, chief …
The Maize Association of Nigeria (MAAN) says it is adopting a private-public partnership model to drive increased production and marketing of produce in the country. Speaking at a flag-off of the 2023 wet season maize farming and input distribution in Katsina State, Abubakar Bello, the national president of MAAN, said that the PPP platform was …
The National Bureau of Statistics (NBS) has explained why last month’s inflation numbers did not fully capture the impact of the fuel subsidy removal and the unification of the exchange rate. According to the NBS, Nigeria’s inflation rate rose marginally to a new high of 22.79 percent in June 2023 from 22.41 percent in the …
Nigeria’s headline inflation rate accelerated marginally for the sixth consecutive time to 22.79 percent in June, according to data by the National Bureau of Statistics (NBS) released Monday. The inflation rate in Africa’s biggest economy rose to a new 17-year high of 22.79 percent in June 2023 from 22.41 percent in the previous month. Analysts …
Africa has some of the world’s most significant, yet, untapped resources such as solar, hydraulic and geothermal energy. While some of these resources are scattered across the continent, most are found in huge deposits around the Northern, Southern and Eastern regions. According to comments by Makhtar Diop, Managing Director, IFC, in the recently concluded Africa …
In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the first American Express cards to be issued in Nigeria and West Africa. By launching these cards, Access Bank has improved its …
MT4 is a widely used and highly popular trading platform that offers a range of features and tools to assist traders in analyzing the markets, executing trades, and managing their positions. The platform is available for free. To download MT4, traders can head over to the software section of their broker or go to the …
The increasing number of businesses on social media has made it hard to distinguish scam sites from authentic ones. So when Abiola Benedicta, a 36-year-old mother of three, saw a CAC certified declutter store on Instagram, she jumped at it. She inquired about the price of a fridge, a microwave, and a blender, which were …
Nigeria suspends, detains central bank governor Nigeria’s newly elected President Bola Ahmed Tinubu has suspended the country’s Central Bank (CBN) Governor, Godwin Emefiele, for investigative purposes. The Department of State Services (DSS) confirmed that the suspended governor of the CBN is now in its custody for some investigative reasons. Earlier in the year, Emefiele championed …