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Power Outages Cost Nigerian Firms 3% of Annual Sales, AfDB Says
Nigeria’s chronic electricity shortages are imposing a significant financial burden on businesses, with firms losing an estimated 3% of their annual sales due to unreliable power supply, according to a recent assessment by the African Development Bank (AfDB). The finding underscores the economic cost of Nigeria’s...
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Power Outages Cost Nigerian Firms 3% of Annual Sales, AfDB Says
Nigeria’s chronic electricity shortages are imposing a significant financial burden on businesses, with firms losing an estimated 3% of their...
Lagos Generates N80bn From Building Approvals Amid Construction Boom
Lagos State generated approximately N80 billion in revenue from building approvals, underscoring the scale of construction activity across Nigeria’s commercial...
Rainoil Founder Gabriel Ogbechie Awards N50m Grants to 10 Startups
Dr. Gabriel Ogbechie, founder and Group Managing Director of Rainoil Limited, has awarded a total of N50 million in grants...
Nigeria’s Housing Deficit Presents Potential Investment Opportunity for REITs and Diaspora Capital
Nigeria’s long-standing housing shortage, typically seen as a social challenge, is increasingly being viewed by some analysts as an untapped...
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Technology
Meta Introduces Paid Subscriptions on Facebook, Instagram and WhatsApp
Meta Platforms has officially launched paid subscription services for users of Facebook, Instagram, and...
