Nigeria Targets 30% 5G Penetration as Coverage Hits 14%
Nigeria's NCC announces 5G penetration at 14%, targets 30% coverage to boost digital economy, with infrastructure challenges and consumer benefits emerging.
Category : Business
UAE Exit Rattles OPEC as UN Warns of Economic Fallout
UAE's OPEC withdrawal amid Middle East conflict drives oil above $110, UN warns of trade and food crises. Nigeria's output hits 1.71mbpd.
Retrofitting Ageing Refineries Not Viable: ARDA VP
Evans Muata, ARDA VP, argues that retrofitting old state-owned refineries is not cost-effective; Africa needs new, modern refineries for energy sufficiency.
Skills Gap Threatens Nigeria's $1 Trillion Economy Target
NACCIMA warns that Nigeria's skills gap threatens its $1 trillion economy target, urging urgent reforms in technical and vocational education to align training with industry needs.
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Telcos Seek Regulation to Save N400 Billion Market
Telecommunication operators call for urgent regulatory resolution to prevent a N300-400 billion market disruption, warning of risks to millions of Nigerians and investor confidence.
GTCO Shareholders Approve N12.76 Dividend, Highest in Banking
Shareholders of GTCO endorsed the bank's N12.76 dividend, the highest in the sector, praising its 2025 performance and urging management to sustain growth.
Court Orders MTN, Airtel to Resume Airtime Lending Services
Federal High Courts in Lagos and Abuja grant interim injunctions restoring airtime lending, restraining FCCPC regulations. House of Representatives urges NCC to extend SIM reallocation period to 18 months.
Nigeria Seeks Larger Stake in Global Shea Industry
Nigeria is pushing for a larger share of the global shea value chain at Shea 2026 in Accra, emphasizing local processing and industrialisation under President Tinubu's agenda.
Oye Praises Nigeria-Turkiye Trade Growth, Honors Diplomat
Dele Oye, NTBC chairman, commended outgoing Turkish Counsellor Sefa Akyol for advancing the $5 billion bilateral trade target between Nigeria and Türkiye.
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MTN Launches 'Live It 100' Movement After Historic Event
MTN Nigeria unveils 'Live It 100' manifesto after 100-hour youth-led event at National Stadium, Surulere, featuring music, sports, gaming, and startup pitches.
APM Terminal Integrates Customs for Cargo Efficiency
APM Terminals Apapa integrates Nigeria Customs Service operations into its facility, aiming to improve cargo handling, accelerate clearance, and reduce port congestion.
eCommerce Operators Push Collaboration for Innovation
Glovo and stakeholders call for stronger collaboration to promote inclusive growth for SMBs and drive innovation across Nigeria's e-commerce landscape at the Future of Commerce Summit.
Weak Infrastructure Threatens Nigeria's Smart Port Transition
Maritime stakeholders warn that lack of coordinated investments in infrastructure and power could hinder Nigeria's smart port transition, affecting global trade competitiveness.
Nigeria Seeks Investors at London NCIS, Energy Transition Push
Nigeria scouts for global investors at the inaugural Nigeria Climate Investment Summit in London, focusing on energy transition and carbon markets.
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Cartoon: Nigeria's Economic Challenges in 2024
A cartoon commentary on Nigeria's economic struggles in 2024, highlighting inflation, unemployment, and policy impacts on citizens.
China Shock 2.0: Global Efficiency and the Case for Change
China Shock 2.0 brings high-tech exports, lower prices, and green tech. Despite protectionist fears, it offers a deflationary lifeline for the global middle class.
NNPC Ltd and the Future of Nigeria: A Critical Analysis
An analysis of NNPC Ltd's structural challenges, governance issues, and the path to reform, highlighting the need for institutional performance over optimism.
Global Trade Up in 2025 as Manufacturing Grows 11%
Global trade rose in 2025 driven by 11% manufacturing expansion, but volatile commodity prices caused uneven sector performance, UNCTAD reports.
Manufacturers Lament Weak FDI Inflows, Structural Limits
MAN DG Segun Ajayi-Kadir decries weak FDI inflows and structural limitations in Africa's manufacturing sector, citing UNCTAD data on low-value investments.
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Nigeria's Electricity Debt Crisis: Structural Analysis
Nigeria's electricity sector debt exceeds N6 trillion, with structural issues causing sovereign liabilities. The article explores the origins, tariff debates, and economic impact.
MTN Launches 'Live It 100' Campaign for Youth
MTN Nigeria unveils 'Live It 100' campaign at The Gathering on 100 event, empowering youth through culture, creativity, and community at National Stadium, Surulere.
Nigeria Launches Multi-Lingual AfCFTA Toolkits for Trade
Nigeria unveils simplified AfCFTA toolkits in English, Arabic, and Hausa to ease trade procedures and boost non-oil exports for SMEs and informal traders.
Women's Empowerment Key to Nigeria's Economic Growth
Minister Abubakar Bagudu says women's empowerment is critical to Nigeria's economic growth, calling for dismantling barriers and boosting productivity.
FG to Standardise Freight Charges with Digital Pricing
The Federal Ministry of Marine and Blue Economy plans to approve a digital pricing framework for freight forwarding services to ensure transparency and global best practice.
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FCMB: AI Adoption is Deliberate and Responsible
FCMB Group emphasizes responsible AI adoption at the BusinessDay Fintech Summit 2026, highlighting ethical innovation, customer trust, and regulatory compliance.
African Startups Raise $600M in Q1 2026, Equity Drops 27%
African startups raised $600 million in Q1 2026, driven by debt funding. Equity fell 27% to $290 million, while debt surged sixfold to $305 million.
Lagos Unveils 'Blue Book' for Land Valuation Reform
Lagos State launches revised Fair Market Value framework and 'Blue Book' to enhance transparency, accuracy, and ease of doing business in land transactions.
Nigeria Targets Blue Finance at Ocean Conference
Nigeria is pursuing blue finance partnerships at the Our Ocean Conference in Mombasa, aiming to mobilize resources for sustainable blue economy projects across Africa.
Nigeria Seeks Bigger Shea Value Share at Accra Summit
Nigeria aims to increase its share of the global shea value chain at the Shea 2026 summit in Accra, promoting domestic processing and regional cooperation.
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Jet A1 Crisis Deepens: Airlines Warn of Shutdown
Nigerian airlines warn of shutdown as Jet A1 prices soar. Ibom Air reports over 350% cost surge, while Air Peace reduces London flights. Operators urge government intervention.
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