Nigeria’s Entertainment, Media Sector Revenue to Rise $13bn in 2027 - Report Nigeria’s entertainment and media sector is set to undergo remarkable expansion, with a projected revenue surge to $12.9bn by 2027, Pricewaterhouse Coopers said in its latest report. PwC’s African Entertainment and Media Outlook 2023-2027,...

AfDB Pledges $618m to Boost Nigeria’s Creative Industry  The African Development Bank has said that arrangements are in the pipeline to disburse $618m for the implementation of Nigeria’s investment in digital and creative enterprise programme. AfDB’s country Director-General for Nigeria, Lamin Barrow made the disclosure on...

FG Eyes $23bn Investment Opportunities in Energy Transition The Minister of Power, Adebayo Adelabu, says the Federal Government has identified about $23 billion in investment opportunities in Nigeria for projects that are directly related to the country’s Energy Transition Plan. In his remarks at the 2nd...

NNPCL Restores Production of 275,000 bpd Following a peace deal brokered yesterday on by the Nigerian National Petroleum Company Limited (NNPCL) between the Management of TotalEnergies, operator of the NNPC / TotalEnergies JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria...

'Inflation to Hit 30% by December'   KPMG forecasts that Nigeria’s headline inflation will rise to 30 percent by December 2023, attributing the anticipated increase to recent reforms, such as fuel subsidy removal, and the unification of the foreign exchange market. The insights were shared in KPMG’s...

Eight Firms Record N918.1bn Currency Revaluation Loss   Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023. Following a Central Bank of Nigeria move in June...