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    CBN to issue guidelines on contactless payment

    CBN disburses N173bn under 100-for-100 policy

    Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

    Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

    Can IPPs drive Nigeria’s power generation capacity?

    Can IPPs drive Nigeria’s power generation capacity?

    Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

    CBN: Achieving $200b non-oil export earnings

    Petrol may hit N800/litre on subsidy removal – Marketers

    Immediate subsidy removal portends danger to economy, stakeholders warn

    Olam, BATN, eight other exporters earn $100.88m in one month

    Import bill on manufactured goods falls 18.4% to N2.45trn

    Nigeria’s energy transition may gulp $410bn

    Nigeria’s energy transition may gulp $410bn

    As Dangote Sets Pace in Refinery Construction

    Dangote Refinery On March To Transform Nigeria’s Economy

    CBN to issue guidelines on contactless payment

    External reserves fall by $1.5bn in four months -CBN

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      CBN to issue guidelines on contactless payment

      CBN disburses N173bn under 100-for-100 policy

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Can IPPs drive Nigeria’s power generation capacity?

      Can IPPs drive Nigeria’s power generation capacity?

      Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

      CBN: Achieving $200b non-oil export earnings

      Petrol may hit N800/litre on subsidy removal – Marketers

      Immediate subsidy removal portends danger to economy, stakeholders warn

      Olam, BATN, eight other exporters earn $100.88m in one month

      Import bill on manufactured goods falls 18.4% to N2.45trn

      Nigeria’s energy transition may gulp $410bn

      Nigeria’s energy transition may gulp $410bn

      As Dangote Sets Pace in Refinery Construction

      Dangote Refinery On March To Transform Nigeria’s Economy

      CBN to issue guidelines on contactless payment

      External reserves fall by $1.5bn in four months -CBN

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        CBN to issue guidelines on contactless payment

        CBN disburses N173bn under 100-for-100 policy

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Can IPPs drive Nigeria’s power generation capacity?

        Can IPPs drive Nigeria’s power generation capacity?

        Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

        CBN: Achieving $200b non-oil export earnings

        Petrol may hit N800/litre on subsidy removal – Marketers

        Immediate subsidy removal portends danger to economy, stakeholders warn

        Olam, BATN, eight other exporters earn $100.88m in one month

        Import bill on manufactured goods falls 18.4% to N2.45trn

        Nigeria’s energy transition may gulp $410bn

        Nigeria’s energy transition may gulp $410bn

        As Dangote Sets Pace in Refinery Construction

        Dangote Refinery On March To Transform Nigeria’s Economy

        CBN to issue guidelines on contactless payment

        External reserves fall by $1.5bn in four months -CBN

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          CBN to issue guidelines on contactless payment

          CBN disburses N173bn under 100-for-100 policy

          Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

          Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

          Can IPPs drive Nigeria’s power generation capacity?

          Can IPPs drive Nigeria’s power generation capacity?

          Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

          CBN: Achieving $200b non-oil export earnings

          Petrol may hit N800/litre on subsidy removal – Marketers

          Immediate subsidy removal portends danger to economy, stakeholders warn

          Olam, BATN, eight other exporters earn $100.88m in one month

          Import bill on manufactured goods falls 18.4% to N2.45trn

          Nigeria’s energy transition may gulp $410bn

          Nigeria’s energy transition may gulp $410bn

          As Dangote Sets Pace in Refinery Construction

          Dangote Refinery On March To Transform Nigeria’s Economy

          CBN to issue guidelines on contactless payment

          External reserves fall by $1.5bn in four months -CBN

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            CBN to issue guidelines on contactless payment

            CBN disburses N173bn under 100-for-100 policy

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Can IPPs drive Nigeria’s power generation capacity?

            Can IPPs drive Nigeria’s power generation capacity?

            Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

            CBN: Achieving $200b non-oil export earnings

            Petrol may hit N800/litre on subsidy removal – Marketers

            Immediate subsidy removal portends danger to economy, stakeholders warn

            Olam, BATN, eight other exporters earn $100.88m in one month

            Import bill on manufactured goods falls 18.4% to N2.45trn

            Nigeria’s energy transition may gulp $410bn

            Nigeria’s energy transition may gulp $410bn

            As Dangote Sets Pace in Refinery Construction

            Dangote Refinery On March To Transform Nigeria’s Economy

            CBN to issue guidelines on contactless payment

            External reserves fall by $1.5bn in four months -CBN

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              CBN to issue guidelines on contactless payment

              CBN disburses N173bn under 100-for-100 policy

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Can IPPs drive Nigeria’s power generation capacity?

              Can IPPs drive Nigeria’s power generation capacity?

              Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

              CBN: Achieving $200b non-oil export earnings

              Petrol may hit N800/litre on subsidy removal – Marketers

              Immediate subsidy removal portends danger to economy, stakeholders warn

              Olam, BATN, eight other exporters earn $100.88m in one month

              Import bill on manufactured goods falls 18.4% to N2.45trn

              Nigeria’s energy transition may gulp $410bn

              Nigeria’s energy transition may gulp $410bn

              As Dangote Sets Pace in Refinery Construction

              Dangote Refinery On March To Transform Nigeria’s Economy

              CBN to issue guidelines on contactless payment

              External reserves fall by $1.5bn in four months -CBN

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                CBN to issue guidelines on contactless payment

                CBN disburses N173bn under 100-for-100 policy

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Can IPPs drive Nigeria’s power generation capacity?

                Can IPPs drive Nigeria’s power generation capacity?

                Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                CBN: Achieving $200b non-oil export earnings

                Petrol may hit N800/litre on subsidy removal – Marketers

                Immediate subsidy removal portends danger to economy, stakeholders warn

                Olam, BATN, eight other exporters earn $100.88m in one month

                Import bill on manufactured goods falls 18.4% to N2.45trn

                Nigeria’s energy transition may gulp $410bn

                Nigeria’s energy transition may gulp $410bn

                As Dangote Sets Pace in Refinery Construction

                Dangote Refinery On March To Transform Nigeria’s Economy

                CBN to issue guidelines on contactless payment

                External reserves fall by $1.5bn in four months -CBN

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                  CBN to issue guidelines on contactless payment

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                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Can IPPs drive Nigeria’s power generation capacity?

                  Can IPPs drive Nigeria’s power generation capacity?

                  Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                  CBN: Achieving $200b non-oil export earnings

                  Petrol may hit N800/litre on subsidy removal – Marketers

                  Immediate subsidy removal portends danger to economy, stakeholders warn

                  Olam, BATN, eight other exporters earn $100.88m in one month

                  Import bill on manufactured goods falls 18.4% to N2.45trn

                  Nigeria’s energy transition may gulp $410bn

                  Nigeria’s energy transition may gulp $410bn

                  As Dangote Sets Pace in Refinery Construction

                  Dangote Refinery On March To Transform Nigeria’s Economy

                  CBN to issue guidelines on contactless payment

                  External reserves fall by $1.5bn in four months -CBN

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                  Nigeria, EMEA telecoms markets get $479b of global $1.56tr revenue in 2021

                  The Guardian | May 12, 2022
                  Tariffs on data, voice calls may go up

                  mobile phone and telecommunication towers against blue sky

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                  • IDC warns looming economic slowdown would impact growth

                  Worldwide spending on telecoms services and Pay TV services reached $1.56 trillion in 2021, an increase of 1.6 per cent year-on-year, according to the International Data Corporation (IDC).

                  Out of the $1.566 trillion, markets in Nigeria, cum Africa, Europe and the Middle East (EMEA) earned $479 billion in revenue, an increase of 1.1 per cent from the $474 billion realised in 2020.

                  IDC expects worldwide spending on telecoms and pay-TV services to increase by 1.4 per cent in 2022 and reach a total of $1.58 trillion.

                  According to IDC, 2021 was characterised by the quick recovery of the global economy from the slump caused by the COVID-19 pandemic. It pointed out that this favourable environment resulted in additional spending growth on telecommunications services, which made the total value of the worldwide market rise slightly faster than originally forecast.

                  It pointed out that this trend was common for all global regions as the EMEA market grew 0.2 percentage points faster than forecast in October 2021; Asia/Pacific grew 0.5 percentage points faster, and the Americas grew 1.0 percentage points faster.

                  IDC said the higher-than-expected growth was also recorded in all technology segments except for Pay TV, which is logical because people were able to spend more time outside of their homes and therefore some decided to cancel subscriptions to TV packages acquired during the lockdowns.

                  IDC’s October 2021 forecast for the worldwide Telecom Services and Pay TV market included a scenario of further recovery (i.e., even higher growth rates) in the years 2022 and 2023. However, because of new circumstances that include accelerated inflation and the raising of benchmark interest rates by the central banks that will consequently lead to slower economic growth in the years to come, the forecast has been changed.

                  The new forecast is still optimistic, but the growth rates in its first half will be lower than what was recorded last year. The body noted that inflation should nominally have a positive impact on this market: the operators will be increasing their tariffs, clients will be paying more, and the total value of the market should be growing faster than previously expected. However, IDC said inflation also generates a deterioration of consumers’ and businesses’ purchasing power, thus causing a decrease in demand.

                  According to it, it is to be noted that the impact of inflation in the telco services market will be stretched over the next several years. “This is because a high proportion of users have two-year contracts with operators that guarantee stable fees until their contracts expire. That also means that the effects of inflation will initially be higher in the markets with a higher proportion of prepaid customers.

                  “War in Ukraine will have a negative effect on the market for communications services in EMEA. It will primarily hit the Ukrainian market, which will see a considerable decline due to destroyed network infrastructure and a huge number of people leaving the country. The Russian market will also decline as local demand will be under pressure due to the recession caused by international sanctions. On the other hand, the war will positively impact the markets of neighbouring countries (Poland, Slovakia, and Romania) that are hosting large numbers of Ukrainian refugees,” IDC stated.

                  It stressed that in addition, the COVID-19 saga has not ended yet, adding that the current lockdowns in China and the possible emergence of new variants of the virus in the rest of the world might bring additional impacts to the market, primarily in the business fixed data services section.

                  “Although the previous waves of COVID did not drastically affect the global market for telecoms services, the related global supply-chain disruptions are already causing shortages of end-user and network equipment and thus create new concerns for supply-side participants. This all contributes to IDC’s conservative forecast,” it stated.

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