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Nigeria digital economy

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Bank of Industry urges Lagos to invest in industrial clusters to lift productivity

Bank of Industry chief Olasupo Olusi says Lagos should invest in industrial clusters, power and faster freight to cut business costs and attract private capital.
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US visa ban imposed on Nigerian Supreme Court justices, retiring jurist says

Retiring Justice Uwani Abba-Aji says the U.S. barred all members of a Nigerian Supreme Court panel from travel after a judgment she called widely misinterpreted.
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Nigeria Allocates ₦822 Billion to Digital Economy Over Six Years

Nigeria spent more than ₦822 billion on its digital economy ministry over six years, with sharp swings in funding and capital projects dominating allocations.
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Rising Naira Costs Push Starlink Out of Reach for Many Nigerians

The weakening naira has caused Starlink prices to surge by 115%, leaving many Nigerians struggling to afford the satellite internet service that was once accessible.
Business

CBN Introduces New Rules to Monitor PoS Transactions

The Central Bank of Nigeria introduces new PoS transaction rules, requiring payments to go through licensed platforms for improved security and transparency
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Telcos Face Shrinking Investments as Return on Capital Turns Negative

Telecom companies in Nigeria are seeing investments shrink as their return on capital turns negative, raising concerns about the sector's sustainability and growth.

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Bank of Industry urges Lagos to invest in industrial clusters to lift productivity

Bank of Industry chief Olasupo Olusi says Lagos should invest in industrial clusters, power and faster freight to cut business costs and attract private capital.
News

US visa ban imposed on Nigerian Supreme Court justices, retiring jurist says

Retiring Justice Uwani Abba-Aji says the U.S. barred all members of a Nigerian Supreme Court panel from travel after a judgment she called widely misinterpreted.
News

Nigeria earmarks 2.1 billion naira to revive OAUTHC renal program

Nigeria's federal government has appropriated 2.1 billion naira to revive kidney care at Obafemi Awolowo University Teaching Hospitals Complex, its chief medical director says.
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Nigeria’s fiscal deficit hits 4.69 trillion naira in Q1 as revenue falls short

Nigeria's government ran a 4.69 trillion naira fiscal deficit in the first quarter as revenue fell far short of target and foreign loans stalled.