Nigeria Introduces Bill to Impose 5% Tax on Telecoms, Sparking Concerns for Industry
Nigeria introduces a bill to impose a 5% tax on telecoms, sparking concerns for the industry's growth and innovation.
Nigeria
Nigeria Takes Giant Leap Towards Self-Sufficiency in Petrol Production
Nigeria takes a significant step towards self-sufficiency in petrol production, with a decline in PMS imports in October 2024, thanks to increased production by Dangote refinery.
Nigeria's Power Grid Collapse: A Setback for the Country's Tech Ambitions
Nigeria's national power grid has collapsed for the third time this week, caused by a transformer explosion, and the country's tech industry is threatened by the frequent power outages.
Nigeria's Power Grid: A Recipe for Disaster
Nigeria's power grid is on the verge of collapse, plagued by frequent system failures, outdated equipment, and inadequate power generation, severely impacting the country's economic growth and the tech and startup community.
Shell's $1.3 Billion Onshore Oilfield Deal Hits Snag in Nigeria
Shell's $1.3 billion onshore oilfield deal in Nigeria has been rejected by the country's oil regulator due to the lack of qualifications among the proposed new owners.
Equinix Completes Integration of MainOne, Cements Position in Nigerian Data Center Market
Equinix completes integration of MainOne, cementing its position in the Nigerian data center market, with plans to launch three major data center projects and enhance its fiber network in the country.
Nigeria Loses N13.2 Trillion to Foreign Exchange Subsidy Policy
Nigeria's foreign exchange subsidy policy resulted in a massive N13.2 trillion loss in revenue between 2021 and 2023, but its termination is expected to have a positive impact on trade, investment, and growth.
Nigeria Approves $618 Million Loan to Boost Air Force Capabilities with Italian-Made Fighter Jets
Nigeria's cabinet has approved a $618 million loan to purchase six Italian-made M-346 attack jets and ammunition for the country's air force, enhancing its national security and defense capabilities.
Nigerian Government Drops Money Laundering Charges Against Binance Executive
The Nigerian government has dropped money laundering charges against Binance executive Tigran Gambaryan, who had been on trial since April, following diplomatic talks with U.S. government officials.