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Nigeria’s Digital Economy Needs Better Internet Infrastructure. Here’s Why

Searched Topics /

ABUJA, NIGERIA — Nigeria’s digital economy is growing rapidly. From fintech startups and online businesses to remote workers, digital creators and technology hubs, millions of Nigerians now rely on the internet to earn a living, access services and connect with opportunities. Yet despite the country’s digital ambitions, poor internet infrastructure remains one of the biggest […]

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Why Are Nigerians Still Paying High Fuel Prices? Despite Dangote’s Price Cut, Relief Remains Elusive

HIGHLIGHT /

ABUJA, NIGERIA — Millions of Nigerians are yet to feel any meaningful relief at filling stations despite the recent reduction in petrol prices announced by the Dangote Petroleum Refinery, raising questions about when lower depot prices will eventually translate into cheaper fuel for consumers. Last week, Dangote Refinery reduced its ex-depot price of Premium Motor

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Can Nigeria Close a $2.3 Trillion Infrastructure Gap? New PPP Framework Faces Major Test

Can Nigeria Close a $2.3 Trillion Infrastructure Gap? New PPP Framework Faces Major Test

Economy /

ABUJA, NIGERIA — Nigeria’s ambitious plan to close its estimated $2.3 trillion infrastructure deficit has entered a new phase following the Federal Government’s unveiling of a unified Public-Private Partnership (PPP) framework designed to accelerate investment in roads, railways, power, healthcare, housing, and other critical sectors. The new Model PPP Agreement, launched by the Infrastructure Concession

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OPay Partners 3MTT, Extends National Innovation Challenge 2026 Application Deadline to July 3

HIGHLIGHT /

LAGOS, NIGERIA — Nigerian fintech giant OPay has extended the application deadline for its 2026 National Innovation Challenge to July 3, 2026, following overwhelming interest from students across tertiary institutions nationwide. The National Innovation Challenge is a key component of the expanded OPay Scholars Programme 2026, a talent development initiative aimed at empowering young Nigerians

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Why States Are Competing for Industrial Parks and Logistics Hubs in Nigeria | The Project Herald

Why States Are Competing for Industrial Parks and Logistics Hubs

Business /

By The Project Herald Across Nigeria, state governments are increasingly shifting attention toward industrial parks, special economic zones, and logistics hubs as they seek new pathways to economic growth, job creation, and private sector investment. For decades, many states relied heavily on federal allocations and traditional revenue sources. However, declining fiscal flexibility, growing urban populations,

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Dollar to Naira Today: Naira Falls to ₦1,370.46/$

Dollar to Naira Today: Naira Suffers Biggest Weekly Loss, Closes at ₦1,370.46/$

Business /

The Nigerian naira ended the week on a weaker note after recording its sharpest decline of the week at the official foreign exchange market, raising fresh concerns over the currency’s stability despite ongoing reforms aimed at improving liquidity. Data released by the Central Bank of Nigeria (CBN) showed that the naira depreciated to ₦1,370.46 against

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Lagos vs Abuja: Which City Is Winning Nigeria’s Infrastructure Race in 2026?

HIGHLIGHT /

For years, Nigerians have argued over which city truly represents the country’s future. Some point to Abuja’s modern layout and growing skyline. Others insist Lagos remains untouchable because of its economic dominance and relentless pace of development. But beyond opinion, where is the money going? Which city is attracting bigger infrastructure investments? Which one is

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NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Need 10,000 Shares to Move Prices

NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Now Require 10,000 Shares to Move Prices

Business /

The Nigerian Exchange Limited has reinstated elements of its 2018 market microstructure rules, bringing back a pricing methodology that affects how high priced stocks move on the trading floor. Under the revised framework, equities trading at ₦1,000 and above will require a minimum transaction of 10,000 shares before their prices can change. The threshold mirrors

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Nigeria’s Gas Infrastructure Expansion Gains Momentum as Processing Plants and Pipeline Projects Advance

News Highlight /

Nigeria is accelerating investment in gas infrastructure as the country seeks to unlock more value from its vast natural gas reserves, improve domestic energy supply and strengthen its position in global energy markets. With some of the largest proven gas reserves in Africa, Nigeria has increasingly shifted attention toward gas development through pipeline construction, processing

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Nigeria’s Industrial Parks and Economic Zones Attract New Investment as Manufacturing Expansion Accelerates

News Highlight /

Industrial parks and special economic zones are emerging as some of Nigeria’s most important development projects as governments and private investors seek to expand manufacturing, attract foreign investment and create jobs. Across the country, industrial hubs are being developed or expanded to provide businesses with access to infrastructure, logistics networks and production facilities. These projects

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