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Technology
Why Nigeria’s population boom is fueling data centre gold rush
Nigeria’s rapidly growing population is emerging as one of the strongest drivers of investment in the country’s data centre industry, as global and local investors position themselves for what could become one of the world’s largest digital economies over...
Manufacturing
Seven highlights of BUA Foods nine-month financials
BUA Foods, a fast-moving consumer goods firm, recorded a 91 percent after-tax profit growth to N201.4 billion in the nine months of 2024 from N105.6 billion in the similar period of 2023....
Editor | Dec 12, 2024
FX Reserve
Foreign portfolio inflows boost Nigeria’s FX reserves by $7.7bn 
Nigeria's external reserves grew by $7.7 billion over the 11 months period to November 2024, swelling to $40.3 billion as portfolio investors took advantage of the elevated interest rate environment. ...
Editor | Dec 10, 2024
Politics
Giant of Africa? Ghana’s flawless presidential election exposes Nigeria’s INEC
In Accra this week, Ghana delivered a masterclass in democratic excellence. The country conducted a presidential election devoid of violence, credible disputes, or logistical chaos—a sharp contrast to the shambolic spectacles ...
Editor | Dec 09, 2024
Naira
Why naira is appreciating and how long it may last
The naira has seen steady appreciation since the Eurobond sales and the introduction of the Electronic Foreign Exchange Matching System (EFEMS) on Monday....
Editor | Dec 09, 2024
Agriculture
The curious case of how Netherlands’ agricultural productivity trumps Nigeria’s
Despite Nigeria's vast agricultural resources (about 70.8 million hectares of arable land),  favourable climatic conditions, a youthful and growing population, and a large market that attracts investors, hunger and poverty remain  a persistent issue. ...
Editor | Nov 22, 2024
Manufacturing
Local input sourcing rises 17% on forex crunch
Foreign exchange scarcity pushed Nigerian manufacturers into sourcing more raw materials locally, raising domestic input sourcing by 17 percent in 10 years, according to BusinessDay analysis...
Editor | Nov 18, 2024
Economy
Volatile naira sours South African investors’ appetite for Nigeria
South African business owners recognise the vast potential of Africa’s most populous nation, but many are hitting a roadblock—the unpredictable swings of the naira....
Editor | Nov 14, 2024
Economy
Why state governors must embrace new revenue reality
Recently, the news broke that Northern governors opposed a proposed tax reform bill, describing it as ...
Editor | Nov 14, 2024
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