MTN Nigeria has announced the construction of the largest data centre in West Africa, a facility with a 1,500-rack and Tier 4 data centre within the country.

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has spoken against the effectiveness of Nigeria’s recent economic reforms, highlighting flaws in their execution.  

According to the Debt Management Office (DMO), exchange rate swings have contributed to the increase in Nigeria's national debt stock, which went from N97.34 trillion in December 2023 to N121.67 trillion in March. 

Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has reiterated the Bank’s commitment to collaborating with relevant financial institutions, fiscal authorities, and the National Assembly in order to ensure the success of the ongoing bank recapitalization exercise.  

The Afenifere Renewal Group (ARG), a Pan Yoruba socio-political organisation, yesterday, urged the federal government to mandate the Central Bank of Nigeria (CBN) to reverse the recent suspension of Heritage Bank’s licence.  

According to Mohammed Bello Koko, the Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), the effective operations of Nigeria’s ports and the maritime industry have improved its revenue generation.