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Technology
How airtime lending became telcos' multi-billion naira goldmine
In 2024, Samuel Ojimba travelled from Lagos to Zamfara. While in a local community, gunshots suddenly rang out, sending everyone fleeing......
US Election
How Trump or Harris' win will shape Nigerian markets
The world is bracing itself for a Donald Trump or Kamala Harris' win in the Tuesday presidential election in the United States. No matter who wins, markets will react in certain ways...
Editor | Nov 05, 2024
Inflation
Banks’ N1.2trn loans at risk on inflation, interest rates
Rising interest rates, surging inflation and naira devaluation led to a 107 percent surge in impaired loans’ value in the books of nine out of 10 listed banks in the first nine months of 2024...
Editor | Nov 05, 2024
Economy
70 firms exited Nigeria in 7 years on FX, power
In the last seven years, more than 70 companies have exited Nigeria owing to familiar challenges such as foreign exchange crunch, high energy costs and inflationary pressures....
Editor | Nov 04, 2024
Technology
Nigeria’s smartphone adoption surpasses feature phones first time ever
Smartphone adoption in Nigeria surpassed feature phone penetration for the first time in September 2024, according to new data from the Nigerian Communications Commission (NCC)....
Editor | Nov 01, 2024
Manufacturing
Manufacturers raise investments by 32% on rising confidence
It was the usual hum of conveyor belts and the pounding of hammers at an Agbara, Ogun State-based factory. Outside the factory was a set of newly arrived machines that could process...
Editor | Oct 31, 2024
Aviation
Airfares jump 250% in 12 months amid Christmas bookings
Christmas bookings from Nigerians from various parts of the world have begun amid 250 percent rise in airfares in 12 months. Outbound and inbound one-way economy class tickets...
Editor | Oct 31, 2024
Economy
States’ IGR hits five-year high on income tax
Pay As You Earn (PAYE) pushed the internally generated revenues (IGR) of 36 states and the Federal Capital Territory (FCT) to a five-year high in 2023, demonstrating that subnational governments...
Editor | Oct 30, 2024
Naira
Naira bounces back as liquidity improves
The naira, on Tuesday, recovered from its losses against the dollar, gaining N40.20, following improved liquidity at the official foreign exchange (FX) market....
Editor | Oct 30, 2024
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