In recent years, Nigeria has emerged as a focal point in Africa’s digital transformation, driven by rapid advancements in Information and Communication Technology (ICT). The integration of ICT into various sectors has not only revolutionized how businesses operate but has also been pivotal in enhancing economic growth, creating job opportunities,[Read More…]
Author: Godwin Anyebe
Beyond Oil: Exploring the Challenges and Opportunities in Nigeria’s Petroleum Industry
Nigeria is often referred to as the “Giant of Africa,” and its petroleum sector plays a crucial role in this identity. As one of the largest oil producers in Africa, Nigeria’s economy has long been heavily reliant on oil revenues, which account for about 90% of its foreign exchange earnings[Read More…]
Bridging the Gap: Financing Challenges and Opportunities for Nigerian SMEs
Small and Medium Enterprises (SMEs) play a pivotal role in Nigeria’s economy, contributing approximately 50% of the country’s GDP and providing over 80% of employment. Despite their significant impact, SMEs face formidable challenges, particularly in accessing finance. In a country where the entrepreneurial spirit thrives, the gap between potential and[Read More…]
Nigeria Unveiled: The Intersection of Culture and Tourism in Africa’s Giant
Nigeria, often referred to as the “Giant of Africa,” is a land of diverse cultures, languages, and traditions. With over 250 ethnic groups, it offers a rich tapestry of heritage and history that has the potential to attract millions of tourists annually. From the bustling cities to serene villages, Nigeria[Read More…]
Turbulence and Triumph: Examining the State of Nigeria’s Aviation Industry
The aviation industry in Nigeria is a vital component of the nation’s economy, facilitating trade, tourism, and connectivity across Africa and the world. Over the decades, it has experienced periods of turbulence—marked by financial struggles, safety concerns, and infrastructural challenges. Yet, amid these headwinds, the sector has also witnessed triumphs,[Read More…]
Strengthening Nigeria’s Banking Sector: The 2024 Recapitalization Mandate
In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
Mental Health Awareness in Nigeria: A Call for Urgent Attention
By Paul Onehi Mental health awareness in Nigeria is a pressing issue that urgently requires increased attention and education for the population. Despite affecting millions of individuals, mental health often remains stigmatized and overlooked within Nigerian society. As Africa’s largest economy grapples with severe economic challenges, many citizens are struggling[Read More…]
From Bricks to Click: The Future of Banking in Nigeria
The Nigerian banking sector is undergoing a significant transformation, moving from traditional brick-and-mortar branches to digital platforms. This shift is driven by a combination of regulatory reforms, technological advancements, and changing customer preferences. The future of banking in Nigeria is increasingly digital, with banks leveraging technology to enhance efficiency, reduce[Read More…]
Thriving Against the Odds: Stories of SMEs in Nigeria
Small and Medium Enterprises (SMEs) in Nigeria are the backbone of the nation’s economy. Despite the challenges they face—ranging from poor infrastructure and limited access to finance, to a volatile economic environment—many SMEs have managed to thrive, showcasing remarkable resilience and ingenuity. These businesses, spread across sectors like agriculture, manufacturing,[Read More…]
Navigating the Digital Age: ICT’s Role in Nigeria’s Development
In the last two decades, the global landscape has been reshaped by the rapid advancement of information and communication technology (ICT), and Nigeria is no exception. From the way we work and communicate to how we access services and education, ICT has become a cornerstone of modern life. In Nigeria,[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]