Nigeria’s Southeast region has emerged as the nation’s primary economic frontrunner for 2026, leading with a projected growth rate of 8.0%. This regional surge was a centerpiece of the forum, where industry leaders gathered to analyze the “Price Sensitivity Survey 2025,” presented by Professor Uchenna Uzo of the Lagos Business School (LBS), Pan-Atlantic University. The […]
Sterling Financial Holdings Company Plc has reported a significant 81 percent increase in its after-tax profit for the 2025 financial year, driven by a sharp expansion in interest and non-interest income. In its audited financial statement released on February 6, 2026, the holding company demonstrated a strong growth trajectory, benefiting from the high interest rate […]
Transcorp Power Plc has announced a 30 percent growth in annual revenue, driven by a strategic increase in its available generation capacity to 550 megawatts (MW). The company’s 2025 financial performance, released in early February 2026, highlights a period of significant operational scaling at its Ughelli power plant, which remains a critical asset in Nigeria’s […]
Nigerian loss adjusters have secured a long-awaited upward review of their professional fee structure, ending a 33-year period of stagnant rates that had significantly hampered the sub-sector’s operational efficiency. The adjustment, finalized in early 2026 following extensive negotiations between the Institute of Loss Adjusters of Nigeria (ILAN) and the Nigerian Insurers Association (NIA), marks a […]
The formal withdrawal of the United States from the World Health Organization (WHO) has created a significant funding gap in Nigeria’s public health sector, forcing a critical reassessment of the national health budget. As the WHO’s largest financial contributor, the United States provided the primary resource base for global initiatives targeting infectious diseases, maternal health, […]
The Nigerian telecommunications landscape is undergoing a fundamental transformation as the era of rapid subscriber acquisition reaches a plateau, forcing major operators to pivot their focus toward data consumption and digital services. Following years of double-digit growth in active mobile subscriptions, recent data indicates a leveling off, with the market reaching a maturity stage where […]
Nigeria’s power sector continues to struggle with chronic instability, as a recent 2026 sectoral audit reveals that 58 percent of publicly funded dam projects intended for power generation remain stalled or abandoned. Despite the disbursement of hundreds of millions of Naira, these projects have failed to transition from budgetary allocations to operational assets, leaving the […]
African airlines recorded a 7.8 percent increase in annual passenger traffic in 2025, according to the full-year report released by the International Air Transport Association (IATA) on February 5, 2026. This growth, fueled by rising connectivity and an expanding middle class, pushed the region’s load factor a measure of seat occupancy—to a record high of […]
MTN Group, Africa’s largest telecommunications provider, is in advanced discussions to acquire the remaining 75 percent stake in IHS Towers, a move that would consolidate its control over critical passive infrastructure across its operational footprint. The potential transaction, disclosed on February 5, 2026, follows years of complex shareholder dynamics and serves as a strategic pivot […]
Nigeria has officially overtaken Egypt and South Africa to claim the title of Africa’s strongest naval fleet, according to the 2026 Global Firepower (GFP) report released on February 3, 2026. The analytical review, which evaluates the conventional war-fighting capabilities of 145 modern armed forces, ranks the Nigerian Navy 22nd globally, a position that reflects nearly […]
The International Monetary Fund (IMF) says Nigeria’s debt-to-gross domestic product (GDP) ratio is expected to decrease to 36.4 percent in 2025 and further to 35 percent in 2026. The projection was made in its latest Fiscal Monitor report, launched at the ongoing 2025 IMF/World Bank annual meetings on Wednesday in Washington DC, where the fund […]
The Manufacturers Association of Nigeria (MAN) has urged the federal government to prioritise industrialisation and structural reforms, saying Nigeria’s newly rebased Gross Domestic Product (GDP) does not reflect genuine economic progress. Segun Ajayi-Kadri, director general of MAN, said while recent GDP figures show signs of recovery, policymakers must resist the temptation to treat the rebound […]
Bismarck Rewane, economist and chief executive of Financial Derivatives Company, has advised Nigerian policymakers to shift focus from positive economic indicators to policies that improve the lives of ordinary citizens. His comments follow recent data from the National Bureau of Statistics (NBS), which showed that Nigeria’s Gross Domestic Product (GDP) grew by 3.13% in the […]
The National Bureau of Statistics (NBS) says Nigeria’s economy grew by 3.13 percent in the first quarter (Q1) of 2025, up from 2.27 percent recorded in the same period last year. In a statement released on Monday, the NBS said the growth was largely driven by the services sector, which recorded a 4.33 percent increase […]
Nigeria needs $100bn yearly in infrastructure to meet its 2050 economic goal of achieving a per capital Gross Domestic Product of $30,000 – the Federal Government has said. Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, made this known last week in Abuja during a courtesy visit by the new Japanese Ambassador to Nigeria, […]
Beyond stability and grip, advanced camera handling opens doors to creativity. The way you tilt, angle, or even move your camera can transform ordinary shots into extraordinary works of art. One advanced technique is intentional camera movement (ICM). By deliberately moving the camera during exposure, you can create abstract, painterly effects. This requires confidence in […]
The contribution of the manufacturing sector to Nigeria’s Gross Domestic Product (GDP) in the fourth quarter of 2023 dropped from 8.40 per cent, as recorded in the corresponding period of the previous year, to 8.23 per cent, according to the GDP report for Q4 published by the NBS. On a quarter-on-quarter basis, the sector’s contribution […]
By Temitope Adebayo A Pan-African Credit Rating Agency Agusto & Co. has identified three major economic variables that are likely to have far reaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024. Agusto & Co is a leading provider of industry research and knowledge in Nigeria & Sub-Saharan Africa. The agency highlighted […]
By Motolani Oseni The telecommunications and Information Services sector in Nigeria has, in the first quarter of 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s Gross Domestic Product (GDP), representing 14.13 per cent. The percentage of telecom contribution to GDP was calculated from 46 distinct sectors of the […]
By Godwin Anyebe Juliet Ehimuan, Director, West Africa Google, has said that the Internet economy will contribute $36.5 billion to Nigeria’s Gross Domestic Product (GDP) by 2025. She said this on the first day of Zenith Bank’s hybrid tech fair, which took place recently in Lagos. According to her, over 100 million people are online […]