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Expert urges Nigerian govt to reassess economic reforms

The founder and chairman of Proshare LLC, Dr. Olufemi Awoyemi, has called on the government to reassess its approach to reforms and policy development. Speaking as the keynote speaker at the Bible Society of Nigeria’s 16th Founder’s Day Annual Lecture in Lagos, he emphasized diversification and production as vital solutions to Nigeria’s economic challenges. “As […]

News

Expert urges govt exit from refinery operations

An energy expert and CEO of Dairy Hills, Kelvin Emmanuel, has suggested that the Nigerian government withdraw from refinery operations. He advocates for a transition to private sector management, emphasizing the potential for increased efficiency and improved performance in the oil and gas sector under private control. In an ARISE NEWS interview on Friday, Emmanuel […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
News

DisCos’ performance awful in 2024 – Expert

The National Coordinator of the Coalition for Affordable and Regular Electricity, labeled last year’s performance of Nigeria’s Electricity Distribution Companies as appalling. This was disclosed by Bosah in an interview on Wednesday, according to NAN. He criticized the DisCos for focusing on profit rather than upgrading infrastructure, highlighting widespread consumer complaints about erratic power supply […]

News

Excessive cash settlements driving high core inflation in Nigeria – Expert

Excessive reliance on cash settlements in Nigeria drives high core inflation, according to the Principal Partner at Dion & Associates Ltd, Charles Iyore. Speaking on Sunrise Daily on Channels TV on Saturday, Iyore highlighted the challenges of cash-based transactions and inefficiencies at federal and state levels. Iyore identified excessive cash transactions as a major contributor […]

News

Nigeria’s inflation rate may drop to 5% in 2025 — Expert

An economist and CEO of Economic Associates, Ayo Teriba, has suggested that Nigeria’s inflation rate could fall to 5% by 2025 if the Federal Government successfully attracts $50 billion in foreign direct investment. He shared this view on Arise TV’s Good Morning Show, highlighting the importance of significant FDI inflows in stabilizing the economy and […]

News

BVN crucial to tackling financial crimes – Expert

The Chief Executive Officer of the Nigeria Financial Intelligence Unit, Hafsat Bakari, emphasized the crucial role of the Bank Verification Number in Nigeria’s efforts to combat financial crimes. Speaking at the High-Level Roundtable on Public-Private Partnerships (PPPs) to Combat Financial Crimes in Abuja, Bakari described the BVN as transformative for Nigeria’s anti-money laundering and counter-terrorism […]

News

ICT powers nearly 90% of Nigeria’s GDP – Expert

The Chief Executive Officer of Open Access Data Centre Dr. Ayotunde Coker has revealed that Information and Communication Technology drives nearly 90% of Nigeria’s Gross Domestic Product, despite the sector officially contributing around 20% in Q2 2023. Dr. Coker disclosed this at the Nairametrics Industry Spotlight webinar, themed “Beyond Connectivity: Telcos and the Future of […]

Nigeria’s telecom records growth as mobile subscriptions rise to 169.3m
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Experts lament underinvestment in digital infrastructure across Africa

Experts in the digital economy have highlighted the severe underinvestment in digital infrastructure across Africa, noting that the continent currently accounts for a mere 0.02% of global fiber infrastructure deployment, This was disclosed in a statement at the Hyperscalers Convergence Africa conference in Lagos on Wednesday, according to Nairametrics. The continent currently accounts for a […]

News

Foreign investors key to success of bank public offers

The Managing Director and Business Officer at Optimus by Afrinvest, Ayodeji Ebo has stated that the success of recent public offers and recapitalization efforts by banks will largely depend on their ability to attract foreign investors. Ebo disclosed this while speaking at the industry outlook webinar, themed “Banking Public Offers: Buy, Sell, or Hold?” on […]

News

FG-sponsored payment programs crucial to 95% financial inclusion – Expert

The Group CEO of Network International, Nandan Mer, has stated that the current initiative to achieve 95% financial inclusion can be expedited through government-sponsored payment schemes. This was disclosed by Mer while addressing pressmen at the launching of the Company’s Network One Payment Platform in Lagos on Wednesday, according to Nairametrics. He stated that the […]