Nigeria data center market to reach $218m by 2026

October 6, 2021 Blessing Anaro 0

Experts have said Nigeria Data Center Market, investment and growth between 2021 and 2026 is expected to reach $218 million in 2026, growing at a Compound Annual Growth Rate (CAGR) of 17 per cent during the period. Investments in the Nigerian data center market are majorly driven by factors such as digitalization of advanced technology, the presence of major operators, Read More

Banks harvest N75.5bn from maintenance charges in 6 months

September 23, 2021 Segun Odunewu 0

Bank customers in Nigeria paid N75.5 billion as account maintenance charges between January and June of this year, which is an increase of 43 per cent over what was paid in the first half of last year, a study has revealed. According to the report, the bank’s half year financial statements showed that account maintenance fees paid by bank customers Read More

CBN confident economy will grow by up to 3% this year

September 15, 2021 Blessing Anaro 0

Nigeria estimates its economy will grow between 2.5 per cent and three per cent this year, Central Bank Governor Godwin Emefiele said yesterday, after an easing of lockdown measures and increased vaccinations boosted business, including international and local travel. Africa’s largest economy had contracted in 2020 due to the coronavirus pandemic, though in the fourth quarter it managed to exit Read More

Q2: ICT records 17.92% contribution to GDP

August 27, 2021 Ayoni M. Agbabiaka 0

The National Bureau of Statistics (NBS) indicated this in the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2021 released on Thursday, the 26th of August, 2021, Minister of Communications and Digital Economy Dr Isa Ali Ibrahim (Pantami) has said. “It is noteworthy that the ICT sector contributed 17.92% to the total real GDP in Q2 2021, 20.54% higher than its Read More

Q2: ICT records 17.92% contribution to GDP

August 26, 2021 Ayoni M. Agbabiaka 0

 The National Bureau of Statistics (NBS) indicated this in the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2021 released on Thursday, the 26th of August, 2021, Minister of Communications and Digital Economy Dr Isa Ali Ibrahim (Pantami) has said. “It is noteworthy that the ICT sector contributed 17.92% to the total real GDP in Q2 2021, 20.54% higher than its Read More