Lagos, Nigeria – October 2, 2024 – Nigeria has solidified its position as a financial powerhouse in Africa, ranking as the sixth-largest country in terms of foreign exchange and gold reserves. According to the esteemed Global Firepower, Nigeria currently holds approximately $37.75 billion in reserves, a testament to its robust economic management and strategic financial policies. …
Abuja, Nigeria – The Federal Government has expressed optimism about the transformative potential of the Nigeria Carbon Market Activation Policy (NCMAP), projecting it could unlock a carbon market worth between $736 million and $2.5 billion by 2030. This ambitious initiative is also expected to create between 600,000 and 2.3 million green jobs for Nigerian youth while …
New York City, NY – Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, is optimistic about the country’s future as a net exporter of tech talent. In a recent interview with Rest of World’s founder and publisher, Sophie Schmidt, Tijani highlighted the significant strides Nigeria has made in its tech ecosystem. A seasoned entrepreneur and co-founder of the Co-Creation Hub, Tijani brings …
Kano, Nigeria – In a groundbreaking move to foster innovation and economic growth in Northern Nigeria, the Arewa Tech Fest has unveiled the Arewa Tech Fund, a $50 million initiative aimed at empowering tech startups and entrepreneurs. Spearheaded by former Kaduna State Governor, Mallam Nasir El-Rufai, the fund promises to transform the region’s economic landscape. The Arewa Tech Fund …
Abuja, Nigeria – Tech and telecom experts have emphasized the critical role of enhanced connectivity in driving Nigeria’s e-governance initiatives. During the Nigeria eGovernment Summit 2024, themed “Transforming Governance with Technology for Improved Economy,” industry leaders discussed the challenges and opportunities for digital transformation in the country. Reuben Oshomah, Regional Director at Avanti Satellite, underscored the importance of connectivity as …
Abuja, Nigeria – Nigeria’s foreign reserves have reached a 22-month high, reflecting a surge in foreign inflows to the country’s economy. According to data from the Central Bank of Nigeria (CBN), the reserves stood at $37.31 billion as of September 18, 2024, the highest level since November 4, 2022. This significant increase marks a recovery in Nigeria’s foreign currency position, which has been …
Lagos, Nigeria – With its vast landmass and burgeoning population, Nigeria presents a lucrative market for helicopter services. Yet, despite its immense potential, this sector remains largely untapped, offering significant investment opportunities. Helicopters, capable of reaching remote areas and providing swift transportation, are invaluable assets for various industries. From search and rescue operations to disaster relief, …
Kano, Nigeria – Northern Nigeria is poised to take center stage in the African tech scene with the inaugural Arewa Tech Fest, a multi-state event set to become a landmark gathering for tech enthusiasts, entrepreneurs, and industry leaders. Convened by former Kaduna State Governor, Mallam Nasir El-Rufai CON, the festival promises to be a game-changer, fostering innovation, …
Lagos, Nigeria – In a bid to alleviate the financial strain caused by soaring fuel prices, Chief Obinna Iyiegbu, popularly known as Obi Cubana, has launched a showroom for Compressed Natural Gas (CNG)-powered tricycles. The initiative, undertaken through his company, Enviable Transport, in partnership with DAG Bajaj Auto Nigeria, aims to provide a more affordable transportation …
Abuja, Nigeria – In a significant step towards reviving its industrial sector, Nigeria has signed a Memorandum of Understanding (MoU) with a Russian consortium to rehabilitate, complete, and operate the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company Limited. The agreement was finalized during a visit by the Nigerian Minister of Steel …
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