Business

ICT: Finding its bearing amidst pandemic

Shaped largely by the Coronavirus pandemic, the ICT sector in the second quarter witnessed some landmark events despite the lockdown. The period also revealed the reality of current telecommunications infrastructure as networks struggled with the pressure of increased traffic. SAMSON AKINTARO reports More than ever before, the second quarter witnessed the recognition of ICT as […]

Business

COVID-19 loans: Beneficiaries relieve experiences

The Central Bank of Nigeria (CBN) unveiled a N50 billion Targeted Credit Facility (TCF) as parts of containment measure to rein in impact of COVID-19 on the economy and improve livelihood. The facility administered by NIRSAL Microfinance Bank has put smile on SMEs operators’ faces, as some beneficiaries relieve their experiences. Abdulwahab Isa reports When […]

Business

COVID-19, others stunt manufacturing sector’s growth

Indeed, the second quarter of the year 2020 saw the height of COVID-19 in Nigeria and globally with key facet of the economy contracting in growth and performances. The country’s manufacturing sector was not spared as massive job losses, disruptions in supply chains, recession were pronounced. Taiwo Hassan reports In fact, the country’s manufacturing sector […]

Business

Mining to contribute 5% to nation’s GDP by 2025

Following the country’s renewed interest in mining sector, the Federal Government has disclosed that the country’s mining sector is now targeting a five per cent contribution to the Gross Domestic Product (GDP) by year 2025. Apparently, this is a leap from its 2016 position where it stated that it had re-positioned the mining sector to […]

Business

Telecoms: Kano overtakes Ogun in mobile subscriptions

Kano State has displaced Ogun State as the second largest in terms of active mobile subscribers, New Telegraph has learnt. This is according to the latest telecoms data released by the National Bureau of Statistics (NBS), which revealed that while Lagos remained at the top with 23.3 million active voice subscriptions as of end of […]

Business

Afrinvest: Telecoms sector resilient amidst economic crunch

Global operators invest $1.5trn in 10 years The Nigerian telecommunications sector has been projected to remain strong despite the economic crunch occasioned by the coronavirus pandemic. According to investment analysts at Afrinvest, while there is an immediate worry over other sectors due to the impacts of the pandemic, the telecoms sector is expected to remain […]