Country Director for Nigeria at the World Bank, Dr. Ndiame Diop, has said Nigeria still remained the largest economy in Africa by Gross Domestic Product (GDP) despite the challenges faced by its private sector. Speaking at the Country Private Sector Diagnostic (CPSD) and Stakeholder Engagement in Abuja on Thursday, Dr. Diop said while Nigeria receives…
Schneider Electric has emerged the World’s Most Sustainable Corporation 2025 by Corporate Knights. It is the only company to rank first in the Global 100 twice, a rare feat. Reputed to be leader in the digital transformation of energy management and automation, the company previously topped this annual list of the most sustainable publicly listed…
To deepen the e-commerce space in the country, Glovo has partnered with the Ministry of Communications, Innovation & Digital Economy through its agency, the Nigerian Postal Service (NIPOST), and other stakeholders in the ecosystem to explore ways of tackling the multiple challenges confronting the sector. The e-commerce industry is at a turning point, driven by…
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has submitted a formal plea to Ekiti State Attorney-General and Commissioner for Justice, Mr. Dayo Apata, SAN, seeking the grant of clemency for Olayinka Afolalu, who has been in prison custody for 23 years. Afolalu was arrested on April 27, 2002, in Ilawe Ekiti…
Kenya Airways officials have tendered an unreserved apology to the Nigeria Civil Aviation Authority (NCAA) and a Nigerian passenger, Gloria Omisore, following a complaint of mistreatment during a recent flight. The airline also retracted previous statements regarding the incident, admitting fault for allowing Omisore to board a flight from Lagos without the necessary transit visa….
Minister of Communication, Innovation and Digital Economy, Bosun Tijani, has blamed cumbersome regulatory processes, limited access to devices, lack of awareness, inadequate digital literacy, and erratic power supply for the challenges the country faced in the area of affordable broadband penetration. The Minister, in his keynote entitled: The Broadband Alliance: Accelerating Our Collective Prosperity Through…
The Federal Executive Council (FEC) has approved the establishment of the Creative and Tourism Infrastructure Corporation (CTIC), a new initiative aimed at transforming Nigeria’s creative and tourism industries. The corporation, which will operate under a Public-Private Partnership (PPP) framework, is expected to generate over $100 billion for the country’s Gross Domestic Product (GDP) and create…
Nigeria’s net pension fund asset value has hit N22.25 trillion as at November 2024, growing by 1.5 per cent from N21.92 trillion recorded in October 2024. Out of the N22.25trillion recorded in November, pension fund operators invested N13.83trillion in Federal Government Securities standing as the highest investment of the fund, representing 62.15 per cent of…
A 50 per cent tariff hike in end user tariffs of telecom services in Nigeria will spur business expansion, potentially reducing poverty levels in Africa’s most populous nation, Global System for Mobile Communications Association (GSMA), has said. Its head of sub-Saharan Africa, Angela Wamola, who spoke during a virtual press conference, said private capital will…
