Over the past decade, Nigeria’s economic trend has confounded expectations. Once heralded as Africa’s largest economy with promising growth potential, the country now grapples with economic contraction, steep inflation, and a GDP per ...

By Precious Mark Charles Anosike, director-general and chief executive officer of the Nigerian Meteorological Agency (NiMet), has commended the European Union (EU) for its various interventions in Nigeria. Anosike spoke when a delegation from the Directorate-General European Commission ...

The recent directive from the Central Bank of Nigeria mandating banks to impose a Cybersecurity Levy on transactions has sparked discussions regarding the various levies Nigerians incur on electronic transactions. This move, outlined in a circular issued to all commercial, merchant, ...

By Lanre Buari “Spread love everywhere you go. Let no one ever come to you without leaving happier.”- Mother Teresa. This famous saying of Mother Teresa aptly describes Dr. Michael Adeniyi Adenuga Jr, chairman of Nigeria’s national telecommunications company, Globacom who clocks 71 years on ...

By Gbenga Adebayo In 2001, when the first GSM call was made in Nigeria, how many of us would have envisaged the digital world that we live in today? The pace of growth and the rate of adoption of telecoms solutions in Nigeria have been revolutionary. It is a globally acknowledged case study ...

Relief came with a heavy heart for Budah Hausa village in Kaduna as 51 kidnapped residents were released by bandits, three weeks after their abduction. However, the joy was tainted by the news of five victims who were reportedly killed during their captivity. Five still missing The predicament ...

Traders participating in the official window appear to be banking on the local currency, the Naira strengthening further with volumes also rising steadily. Data available to BusinessDay show that on Tuesday $321.6m exchanged hands in 280 trades. The lowest rate quoted was N1,200/$ compared ...

A wave of panic swept through Nigeria’s business community this week as government actions targeting legitimate retailers raised concerns about policy inconsistency and eroding trust. Recent measures, including the sealing of a prominent Abuja store, Sahad Stores  and threats of border ...