Experts to Discuss Social Media's Impact at Prof Gwarzo Public Lecture A distinguished panel of communication experts and scholars will gather at the upcoming annual Professor Adamu Abubakar Gwarzo Public Lecture in Kano to discuss the pivotal role of social media in shaping the future...

Telecom Operators Lose N35.4bn to Fibre Cable Cuts in One year The telecom operators in Nigeria have bemoaned frequent fibre optic cable cuts, leading to a loss of at least $23m (35.4bn) in 2023. This has also caused internet outages, impacting telecom service quality in the...

CBN Reveals Reasons Behind Oil Revenue Crash The Central Bank of Nigeria (CBN) has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies. According to the apex bank’s latest economic report for the third quarter...

Why Forex Market Turnover Hit N23.9tn The FMDQ Exchange reported a significant rise in turnover in its foreign exchange market for November 2024, totalling N23.95tn ($14.39bn). This is according to the FMDQ Markets Monthly Report obtained on Wednesday. FMDQ is a financial market infrastructure in Nigeria that...

Financial inflows Increased by 335% in Q3 – CBN Nigeria’s economy experienced a notable boost in financial inflows of 335 percent increase in the third quarter of 2024, reaching $6.44 billion compared to $1.48 billion in the preceding quarter. The increase, as highlighted in the Central...

Nigeria Receives $285m Foreign Capital from African Investors, Says NBS The National Bureau of Statistics says African investors contributed a notable $285.11m in foreign capital to Nigeria in the third quarter of 2024. This contribution accounted for 22.76 per cent of the total foreign capital inflow...