Between 2022 and 2024, Nigeria’s telecom sector attracted $991million in foreign direct investment (FDI) into the economy. According to a report prepared by the Nigerian Communications Commission (NCC), FDI into the Nigerian telecom industry in year 2023 was approximately $134,754,819.27 against $399, 905,531.38 as at year 2022. In 2024, it was approximately $456,589,936.15 against $134,754,819.27…
Nigeria is losing huge foreign exchange (FX) cash in the global pineapple market because of the country’s dependence on raw export of the produce as the only revenue source, according to a farmers’ group that specializes in pineapple growing, processing and marketing. Currently, the global market value of the pineapple market is estimated at approximately…
To boost job creation as well as digital technology penetration in the country, the Micro, Small and Medium Enterprises Development Agency (SMEDAN) has appealed to MTN Nigeria for collaboration. Its Director-General, Charles Odii, who made the appeal said with millions of small businesses depending on accurate guidance and easy-to-access support, MTN and SMEDAN’s shared platform…
Nigeria’s leading composite e-commerce giant, Konga, has officially flagged off the Konga Naija Shopping Festival, a nationwide end-of-year shopping campaign designed to bring unmatched value, convenience, and festive cheer to millions of households. Running from December 7 to 31, the campaign aims to empower shoppers with massive discounts, special offers, and unique gifting opportunities as…
Nigeria, South Africa, Kenya and Zimbabwe have shared a total of €18,000 cash in Schneider Electric together with Enactus, 2025 Energy Transition Battery Innovation Challenge, funded by the Schneider Electric Foundation. While the former is the global leader in energy management and automation, and sustainability leader, the former is an international NGO dedicated to inspiring…
Data breaches that affected Nigerian entities rose sharply to an extraordinary 1,047 per cent compared to the previous quarter, according to the latest esentry Eagle’s Eyes Q3 2025 cybersecurity report. The report, released yesterday, showed that the country logged an average of 6,101 attacks per week in July, a pace that continued through the quarter…
Demonstrating unwavering commitment to a safe and dignified workplace, IHS Nigeria held an awareness walk followed by a high-impact seminar as part of activities to commemorate the global 16 days of activism to End Gender-Based Violence (GBV) against women and girls. The initiative underscored the organisation’s ongoing efforts to sensitize the community, educate employees, strengthen…
Indigenous phone manufacturer, Imose Technologies, has launched a festive campaign bundling its Omotab 2 and X3 tablets with 18GB of Glo data valid for six months for customers who purchase the devices at GloWorld outlets. The latest Omotab 2 now comes with expanded memory capacity, that is, a 3GB RAM and 32GB ROM, while the…
Lagos State has emerged number one in domestic debt in the second quarter (Q2) of 2025 as it posted N1.04trillion of Nigeria’s public debt profile of N152.39 trillion. This national debt however consists of external and domestic. The National Bureau of Statistics (NBS), said external debt rose to ($99.65billion) in Q2 2025 from N149.38trillion ($97.23billion)…
