Economy News

Celebrating International Women’s Day, NITDA Empowers Women with Digital Skills for Leadership and Economic Growth

 

In honor of International Women’s Day, the National Information Technology Development Agency (NITDA) organized a specialized digital training program aimed at equipping women with critical skills for economic advancement and leadership in the tech sector.

Representing the Director General, Kashifu Inuwa Abdullahi, Mr. Dejo Olawunmi emphasized the agency’s dedication to bridging the gender-digital gap through the National Gender Digital Inclusion Strategy (NGDIS).

This initiative reflects the global call for gender equality, ensuring women have equitable access to opportunities in the digital landscape.

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Business Culture Entertainment

Premier Records Celebrates 62 Years of Musical Excellence and Cultural Legacy

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One of Africa’s most iconic music labels, Premier Records Limited, is proudly celebrating its 62nd anniversary, marking over six decades of shaping Nigeria’s soundscape and preserving its rich musical heritage.

Founded in 1963, Premier Records has remained a trailblazer in the African music industry, championing artistic excellence, innovation, and cultural preservation. According to Michael Odiong, a senior executive at the label, “62 and still counting!” — a testament to the brand’s enduring influence and unwavering commitment to music.

As the third-oldest record label in Africa, Premier Records boasts a legacy that spans generations, having supported and promoted a diverse range of genres from highlife and afrobeat to gospel, hip hop, and contemporary sounds.

The label’s deep catalog of timeless recordings, alongside a forward-looking vision, continues to inspire both budding and established artists. Through strategic investments in talent development and genre diversity, Premier Records has ensured that every voice finds a platform and…

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Business Economy

Lagos, Rivers, Ogun Lead Nigeria’s Domestic Debt Profile in 2024 — DMO

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As Nigeria continues to grapple with economic headwinds, new data from the Debt Management Office (DMO) has shed light on the growing financial burdens carried by state governments across the country. Topping the list is Lagos State, with a staggering domestic debt of ₦900.19 billion as of December 2024—more than double that of the second-highest debtor, Rivers State.

Rivers State’s debt stands at ₦364.39 billion, reflecting its own share of the fiscal strain, while Ogun State, another South-Western state, is third with ₦211.86 billion. Delta State follows closely with ₦199.58 billion in domestic debt, and Bauchi, the leading state from the North-East, takes the fifth spot with ₦143.95 billion.

Other states in the top 10 include Niger (₦140.74 billion), Imo (₦126.14 billion), Benue (₦122.58 billion), Akwa Ibom (₦122.19 billion), and Enugu (₦119.28 billion). These figures reflect the financial realities many governors face as they attempt to fund development projects, pay salaries,…

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Business Economy Government

Tinubu Is an Asset to Northern Nigeria and the Nation — Defence Minister Matawalle

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Minister of State for Defence, Bello Matawalle, has described President Bola Ahmed Tinubu as a significant asset to Northern Nigeria and the country as a whole, urging citizens to dismiss what he termed “baseless and politically motivated” criticisms against the president.

In a statement released on Friday and signed by his Special Assistant on Political Affairs, Ibrahim Goga, Matawalle, who previously served as Governor of Zamfara State, condemned recent attacks on Tinubu, asserting that they are driven by individuals who failed to secure their political ambitions.

“President Tinubu has demonstrated an uncommon commitment to addressing the challenges facing our region,” the minister stated. “Those attacking him with propaganda are only seeking relevance after failing to secure their political future.”

He accused unnamed political figures of sponsoring misinformation campaigns as a way to divert attention from their own lackluster performance while in office. “These individuals had the opportunity to lead but left no…

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Business Economy Technology Technology Trends

BorderlessTek Launches Lifeline for Underprivileged Nigerian Children Through Coding

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In a powerful intervention against digital exclusion, a UK-based Nigerian tech entrepreneur, Wale Atekoja, is rewriting the future of disadvantaged children in Lagos, one line of code at a time.

His organization, Borderless Tek, has launched the Kids Coding Partnership — a grassroots tech education program designed to equip underprivileged schoolchildren in communities like Ikorodu and Yaba with foundational coding and software development skills, completely free of charge.

This is not just another CSR initiative. It’s a deliberate human-centered response to the growing digital divide that continues to marginalize low-income Nigerian children from the technology revolution sweeping the globe.

“We’ve been teaching Black kids in Europe how to code, but what about those back home?” says Wale Atekoja, better known as @AtexXeta on social media. “We’re not targeting the privileged. We’re starting with the forgotten — the children who have never touched a laptop.”

 

The first three-month cohort of the program is scheduled…

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Business Economy

NITDA Boss Hosts Gambian Minister at GITEX Africa, Discusses Strategic Tech Collaboration

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The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has welcomed the Gambian Minister of Communications and Digital Economy, Hon. Lamin Jabbi, Esq., to the Nigerian Pavilion at the ongoing GITEX Africa in Marrakech.

The high-level meeting focused on deepening bilateral collaboration in the digital economy space, with particular emphasis on revitalising the Gambian tech ecosystem and fostering regional innovation. Discussions also covered plans for the Gambian delegation’s active participation in GITEX Nigeria, slated for September 2025.

Highlighting the need to boost digital trade between Nigeria and Gambia, Abdullahi stressed the importance of fostering closer ties among tech startups, innovation hubs, and venture capitalists across both countries. He further encouraged the adoption of supportive policy frameworks—such as tax holidays for startups in Gambia—as a catalyst for driving innovation, attracting investment, and strengthening cross-border partnerships in West Africa’s digital economy.

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Business Culture Economy News

Southeast Nigeria Leads in Self-Made Billionaires, Not Ritualists – Hon. Obi-West Utchaychukwuo Declares

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A renowned radio personality and social commentator, Hon. Obi-West Utchaychukwuo, has sparked conversation on social media with his bold statement debunking the myth surrounding wealthy individuals from Southeast Nigeria. According to Utchaychukwuo, the wealth of Igbo businessmen is not rooted in ritual practices but in hard work, smart networking, and deep business acumen.

In a recent statement shared online, Utchaychukwuo noted that the southeastern region of Nigeria, predominantly occupied by the Igbo ethnic group, is home to the highest number of self-made billionaires in the country. “These are not people who looted public funds,” he emphasized, “but entrepreneurs who have built legitimate empires.”

He pointed to events such as the high-profile burial ceremony of Obi Cubana’s mother, which drew nationwide attention due to the extravagant displays of wealth. While some questioned the sources of the funds, Utchaychukwuo clarified that many of those in attendance were top importers, exporters, and sole distributors…

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Business Culture Economy

Regional Poverty Risk in Nigeria: North Central Households Most Vulnerable in 2023 — Report

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A new report has shed light on the economic vulnerability of Nigerian households, showing significant disparities in poverty risk across the country’s six geopolitical zones. The data, compiled by the Global Multidimensional Poverty Index (GMPI) in collaboration with the Oxford Poverty and Human Development Initiative (OPHI) and published by Statisense, highlights the percentage of households in each region that are considered vulnerable to poverty in 2023.

According to the report, the North Central zone tops the list with 22.58% of households identified as being at risk of falling below the poverty line. This is closely followed by the North East, where 21.47% of households are vulnerable, reflecting the ongoing socio-economic challenges and insecurity that have plagued the region.

In the South South, often regarded as Nigeria’s oil-rich zone, 19.44% of households remain vulnerable to poverty. Despite the region’s resource wealth, many communities continue to struggle with underdevelopment and economic instability.

The South…

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Business Economy Finance Fintech Investments

Nigeria’s Top Banks Record Historic Profits, Asset Growth in 2024 – Zenith, GTBank Lead in Earnings and Returns

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Nigeria’s leading tier-1 banks, commonly referred to as FUGAZ – comprising First Bank, UBA, GTBank, Access Holdings, and Zenith Bank – have reported their full-year 2024 financial results, revealing a year of significant profitability, robust asset growth, and varied levels of return on assets (RoA). The figures reflect strong resilience and performance amidst economic headwinds and changing monetary dynamics in the country.

Zenith Bank and GTBank Cross ₦1 Trillion Profit Mark

In what has been described as a historic performance, both Zenith Bank and Guaranty Trust Bank (GTBank) surpassed the ₦1 trillion milestone in Profit After Tax (PAT) – a first for many in the Nigerian financial sector. Zenith Bank led the chart with ₦1.03 trillion in PAT, closely followed by GTBank with ₦1.02 trillion. This milestone signals strong cost management, increased interest income, and operational efficiency.

UBA, which has significantly expanded its footprint across Africa and other global markets, also posted…

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