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…]
Business
Recapitalization Drive: Reshaping Nigeria’s Financial Landscape and Business Outlook
By Godwin Anyebe The Nigerian financial sector is undergoing a significant transformation with the recent push for recapitalization across various industries. This move, primarily targeted at banks, insurance companies, and other financial institutions, is expected to strengthen balance sheets, improve liquidity, and enhance the ability of these institutions to withstand[Read More…]
Banking on Change: Exploring the Evolution of Nigeria’s Financial Sector
By Olu-kings Boluwatife Ayobami The financial sector in Nigeria has undergone profound changes, but its origins are rooted in a complex interplay of traditional practices, colonial influences, and early attempts at formal banking. Understanding this historical context is crucial for appreciating the subsequent evolution of the sector. Traditional Financial Practices[Read More…]
Beyond the Field: The Business of Sports in Nigeria
In recent years, the landscape of sports in Nigeria has evolved from a mere pastime into a thriving business sector, fueled by passionate fans, emerging talents, and increasing investment. With a population of over 200 million people, Nigeria is not just a powerhouse in football but is rapidly diversifying into[Read More…]
Navigating Inflation: Strategies for Business Success in a Volatile Market
In today’s dynamic economic landscape, Nigeria faces the pressing challenge of inflation, characterized by rising prices and fluctuating costs that can significantly impact businesses. As inflation rates soar, companies must develop innovative strategies to not only survive but thrive in this volatile environment. Understanding the Impact of Inflation Inflation can[Read More…]
Empowering Growth: The Role of SMEs in Driving Nigeria’s Economic Development
Small and Medium Enterprises (SMEs) have emerged as vital engines of growth in Nigeria’s economy, contributing significantly to employment, innovation, and overall economic development. In a nation characterized by a diverse economic landscape, SMEs play a crucial role in addressing pressing issues such as unemployment, poverty, and regional disparities. As[Read More…]
From Challenges to Opportunities: Rethinking Business Strategies in Nigeria
As Nigeria navigates through turbulent economic waters marked by high inflation, currency instability, and supply chain disruptions, the prevailing narrative often focuses on the challenges businesses face. However, amid these hurdles lies a fertile ground for innovation and growth. It is imperative for Nigerian entrepreneurs and business leaders to shift[Read More…]
The Innovation Imperative: Rethinking Strategies for Success in Nigeria’s Economy
In the face of persistent economic challenges, Nigeria stands at a critical crossroads. With high inflation, currency devaluation, and increasing operational costs, businesses must rethink their strategies to survive and thrive in this volatile landscape. The key to navigating these complexities lies in innovation—a powerful force that can drive growth,[Read More…]
Emerging Resilience: Navigating the Path to Prosperity in Nigeria’s Evolving Economy
As Nigeria commemorates another Independence Day, it stands at a crucial crossroads in its economic journey. With a population exceeding 200 million and abundant natural resources, Nigeria has long been touted as an emerging economy with immense potential. However, the path to prosperity has been fraught with challenges, including fluctuating[Read More…]
Securing Our Future: The Role of Insurance in Nigeria’s Economic Independence
As Nigeria marks another Independence Day, it is vital to reflect on the strides made toward economic stability and growth. One critical yet often overlooked component of this journey is the insurance industry. In a country characterized by rapid population growth, economic diversification, and numerous challenges, insurance emerges as a[Read More…]
Consumer TV
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…]