Tag Archives: Business Remarks

Despite the intensive promotion of the nation’s technology sector, investments in the information technology (IT) services subsector tumbled from $74.74m at the end of 2019 to $21.68m as of December 31, 2020. This is according to an analysis of the capital importation data from the National Bureau of Statistics (NBS). …

Indigenous telecommunications companies in Nigeria have appealed to the Federal Government to give them tax holidays of up to five years and a special intervention funds. This, they said, would allow them to compete favourably with bigger players who had enjoyed the same benefits in the past. The operators, who …

A total of 30 members of the National Youth Service Corps, (NYSC) have won cash prizes and business grants totalling N10 million in the 6th edition of the expanded Unity Bank flagship business plan competition known as Corpreneurship Challenge. Unity Bank is currently in 10 states of the federation where …

As the global world becomes more interconnected with more people and businesses embracing digitization (active social media engagement) leading to an alarming increase in the number of reported cyber attacks, a cybersecurity consultant and trainer, Meena R has released tips for social media cyber safety. According to the cybersecurity expert, …

The Central Bank of Nigeria, CBN has said it sees the country’s inflation rate dropping to a single digit next year, with the full implementation of its recent policies designed to boost different sectors of the economy. The Director of Monetary Policy Department, CBN, Dr Hassan Mahmud, said this on …

Data from Nigeria’s apex bank has shown that amid ease in the economy, commercial banks in Nigeria borrowed N9.97trillion from the Central Bank of Nigeria (CBN) between January and July 2021. The CBN financial data revealed that commercial and merchant banks, through the Standing Lending Facility (SLF), between January and …

Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign assets rose by 13.67 per cent from $89.87bn. Foreign assets are the …

In an effort to stimulate the effective implementation of policy in Nigerian telecoms sector, the Chairman of Policy Implementation Assisted Forum (PIAFo), Mr Omobayo Azeez has said promotion of indigenous content goes beyond verbal commitment. He made this disclosure at the maiden edition of PIAFo held yesterday which saw the …

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that Nigeria can only reduce poverty if the country train and empower the women. She stated this when the Director-General of the National Centre for Women Development, Dr Asabe Bashir paid her a courtesy visit in her …

…Foreign direct investments dip by 78% in H1 2021 Two major operators in Nigeria telecoms sector, MTN Nigeria and Airtel Africa Plc, have attracted a total of $2billion (approximately N822.66billion) investment into their operations. This is even as foreign direct investments (FDIs) into the industry dipped sharply by 78 per …