Blog

PwC raises concerns on effects of FG's tax on bank profits
Entertainment

Nigeria’s entertainment industry revenue to hit $4.9bn by 2026 — PwC

Nigeria’s entertainment and media industry is projected to generate revenues of $4.9 billion in 2026, rising from the $4.5 billion recorded in 2025, according to the 2026 PwC Nigeria Economic Outlook. The projection underscores the growing momentum within Nigeria’s digital economy, which the report identifies as one of the major drivers expected to shape the […]

Technology

Global tech stocks surge as AI fuels markets

Global equity markets have opened 2026 on a strong footing, with notable momentum in sectors linked to artificial intelligence and data-centre infrastructure. The rally has been largely fuelled by sustained investor demand for technology stocks, reflecting confidence in the long-term growth prospects of the sector. Major global indices have responded positively to this trend, with […]

NERC makes N5.63bn in 2023 Q3
Electricity featured

Over 5m Nigerians still without electricity metres — NERC

The Nigerian Electricity Regulatory Commission has disclosed that more than five million electricity consumers nationwide are still without prepaid meters, forcing them to rely on estimated billing by electricity distribution companies. According to NERC’s third-quarter 2025 industry report published on its official website, only 6,661,564 of the 12,030,315 registered electricity customers served by the 12 […]

Opinion

NANS endorses tax reform law, cancels planned protest

The National Association of Nigerian Students has declared its support for the newly enacted Tax Reform Law, describing the legislation as a well-meaning fiscal policy targeted at strengthening Nigeria’s economy while offering protection to low-income earners. The endorsement followed wide-ranging deliberations at the maiden Expanded National Executive Council (ENEC) meeting of the association, themed “National […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

IBEDC announces blackout in Ibadan communities

The Ibadan Electricity Distribution Company has announced that no fewer than 22 communities in Ibadan, the Oyo State capital, will experience daily power outages lasting about three hours due to ongoing road construction activities in parts of the city. The electricity distribution company made this known in a statement issued on Tuesday and shared via […]

Scams

Court orders interim forfeiture of ₦30.7m ‘fraud proceed’ linked to NNPCL

A Federal High Court sitting in Abuja has ordered the interim forfeiture of ₦30.7 million suspected to be proceeds of fraud linked to the Nigerian National Petroleum Company Limited, following an application filed by the Economic and Financial Crimes Commission. Justice Emeka Nwite issued the order on Monday after hearing an ex parte motion brought […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy

Nigerian families spent less in 2024 over price hike – Report

Household consumption in Nigeria contracted sharply in real terms in 2024 as surging prices eroded the purchasing power of millions of families, according to provisional data contained in the Central Bank of Nigeria’s latest statistical bulletin. Figures on Gross Domestic Product by expenditure showed that household final consumption expenditure at 2010 constant purchasers’ prices declined […]

Policy and Regulations

2026 budget will consolidate Tinubu’s reform gains — Minister

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has described the 2026 budget as a carefully structured instrument aimed at consolidating the gains of President Bola Tinubu’s reform agenda, which he said is already producing positive outcomes. Idris made the remarks in a statement released in Abuja on Tuesday by his Special Assistant […]

Aviation

Eno sets April for Akwa Ibom airport operations kick-off

Akwa Ibom State Governor, Umo Eno, has directed the inter-ministerial committee on the international airport status of the Victor Attah Airport to ensure that all required benchmarks are met ahead of the commencement of full operations at the facility in April this year. The Victor Attah Airport was upgraded to international status by the Federal […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Telecommunications

NCC vows tougher consumer protection in telecoms sector

Nigeria’s telecommunications regulator has said it will take a firmer approach to consumer protection in 2026, as ongoing service disruptions and network congestion continue to frustrate subscribers despite renewed investment and rising broadband penetration. The Nigerian Communications Commission said telecom operators expanded network infrastructure in 2025, pushing broadband penetration beyond the 50 per cent mark […]

China proposes global AI body to challenge US dominance
Technology

AI jobs surge globally as emerging economies embrace technology

AI-related job vacancies have increased ninefold worldwide since 2021, with middle-income countries now accounting for one in five of the new roles created, according to the World Bank. The trend signals a growing shift in how artificial intelligence is reshaping global labour markets beyond traditional advanced economies. The data is contained in the World Bank’s […]

SEC to strengthen borrowing regulatory framework in Nigeria
Economy

SEC to intensify capital market enforcement in 2026

The Securities and Exchange Commission has announced plans to significantly intensify the enforcement of capital market regulations in 2026, following the enactment of the Investments and Securities Act 2025, as part of efforts to strengthen investor confidence and uphold market integrity. The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, disclosed this while […]