Zenith Bank Lights Up Ajose Adeogun for Yuletide Season
In its usual colours and pageant, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing…
Invest in Nigeria’s ICT R&D, NCC tells Nokia
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology…
Non-oil sector’s growth momentum slows further
The non-oil sector expanded at a slower pace, growing by 2.75% y/y (Q2-23: +3.58% y/y) as currency pressures witnessed in the period weakened the sector’s performance. As a result, Services sector GDP growth settled at 3.99% y/y (Q2-23: +4.42% y/y),…
We expect the economy to grow by 2.74% y/y in Q4-23
Given the recent improvement in Nigeria’s crude oil production levels, we are optimistic that the oil sector will return to positive territory in Q4-23, more so that the base in the corresponding period of the prior year was low. We…
Oil sector improves but remains in the negative territory
The oil sector improved in Q3-23 as the government’s unrelenting efforts to curb oil theft and vandalism have enhanced crude oil production levels. For context, crude oil production increased by 20.8% y/y to 1.45mb/d (Q2-23: 1.22mb/d). Further in our analysis,…
Economy sustains positive growth path for the third consecutive quarter in Q3-23
According to the recently released GDP report by the National Bureau of Statistics (NBS), the domestic economy grew by 2.54% y/y (Q2-23: +2.51% y/y). We highlight that the growth in the quarter was marginal, reflecting the impact of the high…
How NIMASA DG announced Nigeria’s Blue Economy Direction to the world
The DG NIMASA Dr Bashir Jamoh arrived London as part of Nigeria’s delegation to the 33rd session of the International Maritime Organisation (IMO) General Assembly. The Honorable Minister of Marine and Blue Economy HE Adegboyega Oyetola CON who is leading…
TD Africa holds 2023 ‘Celebrating You’ Festival Dec. 3rd
The leading distributor of cutting-edge technology and lifestyle products in Sub-Saharan Africa, TD Africa, is poised to host the highly awaited return of “Celebrating You,” a landmark year-end event that stands as the apex of Nigeria’s flourishing technology landscape. Scheduled…
NDLEA hits Osun illicit drug party tagged ‘unholy alliance’, arrests organisers
Operatives of the National Drug Law Enforcement Agency, NDLEA on Saturday 25th November raided a lounge in Osogbo, the Osun state capital where a night party organized for illicit substance abuse was going to hold and arrested some of the…
Ethiopian Airlines orders 84 Boeing, Airbus passenger aircrafts
As part of futuristic plans, leading Africa’s airline, the Ethiopian Airlines has ordered 84 Boeing and Airbus passenger aircrafts to achieve its target of dominating the African aviation sector by 2035.
