21 h. ago New Investment Act will make $1trn economy goal attainable — Senator Izunaso

Tribune Online New Investment Act will make $1trn economy goal attainable — Senator Izunaso Senator representing Imo west and Chairman Senate Committee on Capital Market, Osita Izunaso, has expressed the confidence that the newly signed Investment and Securities Bill 2025 will make feasible the present administration projection of $1trn economy goal. He also said the new Act signed into law will make accessibility to the capital market seamless for […] New Investment Act will make $1trn economy goal attainable — Senator Izunaso Tribune Online

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3 d. ago Electricity consumption up, production growth down in Q4 – CBN report

The Nigerian electricity sector slowed in the fourth quarter of 2024, with the electricity production index declining by 1.64% year-on-year. Data from the Central Bank of Nigeria says this marks a reversal from the 5.55% growth recorded in the third quarter of 2024 (Q3 2024). Average estimated electricity generation, according to a Channels TV report Read More

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5 d. ago Naira gains against dollar in official market, trades at N1,536.82

The Naira appreciated on Friday in the official market, trading at N1,536.82 to a dollar. Data from the Central Bank of Nigeria website showed that the Naira gained N1.84. This represents a 0.11 per cent increase compared to the N1,538.66 per dollar recorded on Thursday. The gain followed four days of slight depreciation between Monday Read More

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6 d. ago $1trn Economy: ‘Nigeria Needs €1.05bn Data Centre Investment, 90,000km Fibre Expansion

Nigeria’s ambition to build a $1 trillion economy depends on €1.05 billion in data center investment, a 90,000-kilometer fiber optic expansion, and a 10 percent broadband penetration boost that could add 2.5 per cent to GDP, industry experts revealed. Industry stakeholders who disclosed this, at the Policy Implementation Assisted Forum (PIAFo), in Lagos, stressed that […]

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6 d. ago Bleak outlook looms amid Nigeria’s first decline in money supply

By Chinwendu Obienyi Nigeria’s economic activities could suffer potential slowdown following its first decline in money supply which fell to N110.32 trillion at the end of February 2025, financial analysts said on Thursday. Data obtained from the Central Bank of Nigeria (CBN)  revealed that money supply in the country dipped by 0.56 per cent on […] The post Bleak outlook looms amid Nigeria’s first decline in money supply appeared first on The Sun Nigeria.

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9 d. ago Schneider Electric Details 6 Solutions For Nigeria’s AI Revolution

Schneider Electric, Anglophone West Africa has revealed six practical solutions for Nigeria’s artificial intelligence (AI) revolution as it continues to transform industries. The company said Nigeria’s digital economy expands and the demand for high-performance computing increasing, stakeholders must take decisive steps to integrate sustainability into data centre operations, adding that the six practical solutions for […]

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1 week ago Digital economy: Shettima welcomes Visa Inc. plans to establish data centre in Nigeria

From Juliana Taiwo-Obalonye, Abuja Vice President Kashim Shettima has welcomed plans by Visa Inc. in a move to enhance Nigeria’s to establish a data centre in the country.   Andrew Torre Visa’s Regional President for Central and Eastern Europe, Middle East, and Africa, disclosed this development during a courtesy visit to the Vice President at […] The post Digital economy: Shettima welcomes Visa Inc. plans to establish data centre in Nigeria appeared first on The Sun Nigeria.

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1 week ago Shettima Welcomes Visa’s Plans To Establish Data Centre In Nigeria

Visa Inc., an American multinational payment card services corporation has updated Vice President Kashim Shettima on plans to site data centre infrastructure in Nigeria. This is in addition to its investments of over $1 billion in the country, including a substantial technological partnership with MoniePoint to foster digital payment solutions, a $200 million investment in […]

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4 w. ago NASS Positioning Nigeria For $1trn Economy By 2030 – Senate Leader

The Senate Leader, Senator Opeyemi Bamidele, yesterday, outlined the accomplishments of the 10th National Assembly, stating that the upper chamber has been passing diverse laws aimed at enhancing economic competitiveness and positioning Nigeria for a $1 trillion economy by 2030. Bamidele, who represents Ekiti Central, added that many of these legislative initiatives are already impacting […]

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