Nigeria, one of Africa’s biggest economies, is currently facing serious power problems, even though it has huge energy resources. With a population of over 200 million people and rich oil …
Economy
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EconomyEnergyEnvironmentInfrastructureNatural ResourcesNigeriaOil & GasPolicies
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Business InsightsBusiness PoliciesEconomyFinance & ServicesINVESTMENTMarketsNigeria
Nigeria’s bond demand declines amid rate hike worries
Investor interest in Federal Government of Nigeria bonds has dropped, as concerns about rising interest rates and high inflation continue to affect decisions in the financial markets. According to the …
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Banking, Finance & InvestmentBusiness PoliciesEconomyFinance & ServicesNigeriaPoliciesSecurityTechnology
Over 70 Million Contactless Cards in Nigeria Remain Idle Over Fear of Fraud, Lack of Trust
More than 70 million contactless debit cards given to Nigerians by banks are still not being used, mainly because many Nigerians do not trust the technology. Even though the cards …
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EconomyHealthcareNigeriaSecurityTrade and Commerce
Headline: Customs Seize Sex Drugs, Expired Food, and Drones Worth N921 Million at Apapa Port
The Nigeria Customs Service has intercepted 11 containers loaded with unregistered sex enhancement drugs, expired food items, drones, and other banned products at the Apapa Port in Lagos. The total …
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Business InsightsEconomyInfrastructure
FCCPC Orders IBEDC to Refund Consumers for Transformers, Poles, and Cables
The Federal Competition and Consumer Protection Commission (FCCPC) has directed the Ibadan Electricity Distribution Company (IBEDC) to begin refunding consumers who have paid for transformers, poles, cables, and other network …
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BusinessBusiness InsightsEconomyManufacturingNigeriaPolicies
Manufacturers Warn Against Return of 4% FOB Levy, Say Policy Threatens Nigeria’s Industrial Future
The Manufacturers Association of Nigeria (MAN) has raised the alarm over a proposed reintroduction of the suspended 4% Free-on-Board (FOB) levy by the Nigeria Customs Service (NCS), warning that the …
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EconomyInfrastructureINVESTMENTMobile Telecommunications Network (MTN)NigeriaTechnologyTelecommunications
Telcos Invest Over $1bn in Chinese Equipment to Boost Service Quality
Telecommunications operators in Nigeria have placed orders worth over $1 billion for new network infrastructure from original equipment manufacturers in China, as part of efforts to overhaul and improve the …
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Banking, Finance & InvestmentEconomyINVESTMENTNigeriaSpotlightZenith Bank
Zenith Bank Shareholders Approve N195.67bn Final Dividend Amid Strong 2024 Performance
Shareholders of Zenith Bank Plc have approved a final dividend payout of N4.00 per share, bringing the total dividend for the 2024 financial year to N5.00 per share. This amounts …
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyNigeriaSpotlightTechnologyTelecommunications
GTBank hikes SMS alert fee to ₦6
Guaranty Trust Bank (GTBank) has informed its customers that there will be an increase in the fee for SMS transaction alerts, effective from Thursday, May 1, 2025. The new charge …
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President of African Development Bank (AfDB), Dr Akinwumi Adesina, has raised alarm over the huge economic losses Africa is facing due to climate change. He said the continent is currently …