Inflation Crisis in Nigeria Forces Many to Choose Between Food and Medicine
The inflation crisis in Nigeria is exacerbating the challenges faced by individuals with chronic health conditions, particularly those requiring regular…
Day: November 17, 2023
Nigeria’s Streaming Woes: Slow Adoption Challenges Netflix and Local Platforms
Despite Nigeria being Africa’s most populous country with a significant mobile user base, the adoption of streaming services, including Netflix,…
Naira Appreciates Against Dollar on Parallel Market, Stabilizing at N1,125/$
The Nigerian naira has appreciated against the US dollar, gaining 0.88% to reach N1,125/$ on the parallel market. This follows…
Low IGR: 18 Nigerian States in Dire Financial Straits, Missing Opportunities at Africa Investment Forum
Out of Nigeria’s 36 states, only Lagos was represented at the 2023 Africa Investment Forum (AIF) in Marrakech, Morocco, showcasing…
Nestle Nigeria Reports Loss After Naira Weakness Triggers N127.46 Billion Forex Loss
Nestle Nigeria has reported a loss after tax for the 9-month period ending in 2023 due to a significant foreign…
Nigeria Declares State of Emergency in Health Sector Due to Dilapidated Facilities
Summary:The Federal Government of Nigeria has declared a state of emergency in the country’s health sector, citing the dilapidated state…
Despite Inflation, Real Estate Opportunities Exist in Nigeria: Land-Banking and Smaller Residential Units Attractive
Summary:Amid the impact of inflation on various sectors, including real estate, there are still opportunities for investors in certain areas.…
Meta to Land Two Submarine Cables in Nigeria to Boost Digital Infrastructure
Summary:Meta is set to deploy two submarine cables in Nigeria, with one landing in Lagos and the other in Akwa…