In a significant move to bolster Nigeria’s energy independence, Seplat Energy Plc, in a joint venture with the Nigerian National Petroleum Company Limited (NNPCL), has delivered the first domestic cargo of Liquefied Petroleum Gas (LPG) from the Bonny River Terminal (BRT). The landmark shipment of 12,600 metric tons of butane marks a crucial shift for an asset that, under its previous operator, ExxonMobil, had been almost exclusively used for export. This development is a pivotal moment for Nigeria, which despite having one of the world’s largest natural gas reserves, has historically relied on imports for more than 70 per cent…
Author: Elvis Eromosele
Elvis Eromosele Telecommunication companies in Nigeria are smiling at the bank. In recent weeks, industry leaders have reported massive profits, with figures exceeding billions. On paper, it reads like a triumph of resilience in a difficult economy. The surge in smartphone use, increased dependence on mobile internet, and the inevitability of digital connectivity have powered this growth. Telcos are riding high, driven largely by data, the new “black gold”, as millions of Nigerians rely on their networks for banking, schooling, shopping, work, and entertainment. Look at the numbers in the first half of 2025, MTN Nigeria posted a staggering ₦622.2…
By Elvis Eromosele Recently, I found myself inside a multi-storied shopping complex buzzing with activity. The building was home to laptop shops, phone sales and repair centres, and accessories vendors, an ecosystem of Nigeria’s thriving tech economy. Yet, beneath the hum of commerce was another, more unsettling sound: the deafening roar of generators. The noise was overwhelming, like a thousand engines competing for dominance. One out of every five shops had turned to gas-powered generators, while the rest clung to the more familiar diesel units. In that moment, it struck me: Nigeria’s quest for a digital economy still rests on shaky…
By Elvis Eromosele In modern-day Nigeria, over 70 per cent of the population is below 30 years of age. Development experts claim that the country’s huge youth population may well be its greatest asset. Sadly, it may also be its biggest challenge. With millions of young Nigerians entering the labour market each year, the issue of how to equip them with the right skills, tools, and opportunities has never been more urgent. Nestlé Nigeria, through its youth empowerment programmes, appears to be rising to the challenge. Its programmes, which cut across various initiatives, not only complement the skills gap but…
The Alliance for Youth Nigeria is celebrating four years of impact, marking the transformation of over 25,000 young Nigerians who are now gainfully employed through skills development, entrepreneurship support, and other employment opportunities. Founded by Nestlé Nigeria, Jobberman Nigeria, Big Bottling Company, the United Nations Global Compact Network Nigeria, and U-Connect HR Limited, the Alliance is supported by key stakeholders including the Federal Ministry of Youth, Lagos State Employment Trust Fund, and Activate Success International. Together, they share a bold vision: equipping 250,000 young Nigerians with vital employability and entrepreneurial skills by 2030. This year, 585 young people participated in…
Lou Akinwunmi, former Chairman of the Advertising Practitioners Council of Nigeria (APCON), now Advertising Regulatory Council of Nigeria (ARCON), has said that the practice of advertising has changed and has led to a fusion of the different functions of marketing communication. Lolu, who was speaking during his appearance on C-Suite Café, a podcast hosted by Ikem Okuhu, veteran journalist and brand strategist said the practice is overdue for a name change because of the changes that have taken place in the practice. He thought that the name should rather be something like an all-encompassing one, like Marketing Communication, to accommodate…
By Elivs Eromosele When Lagosians say they spend half their lives trapped in traffic, it is not an exaggeration. Now, the 2025 Mid-Year Traffic Index by City Report confirms this reality: Lagos is the world’s most congested city, listed ahead of Los Angeles, Delhi, and San Jose. With a staggering traffic index of 365.9, the Nigerian megacity has officially ascended to the height of being the world’s capital of traffic congestion. Numbeo reports that commuters spend an average of 70 minutes per trip, which means Lagosians spend more than two hours daily stuck in traffic. The real question to ask…
The Nigerian diaspora has grown to an estimated 2.1 million people, with its members sending home a record-breaking $21 billion in 2024, according to the latest annual report from the International Organisation for Migration (IOM) Nigeria. This significant financial flow underscores the critical role Nigerians living abroad play in the nation’s economy. The $21 billion in remittances, which marks an 8.9 per cent increase from the previous year, accounts for nearly 37 per cent of Sub-Saharan Africa’s total remittances for 2024. These funds are a vital economic lifeline, supporting households, education, healthcare, and various other sectors. Sharon Dimanche, Chief of…
Google is rolling out new features for Gemini that give users more control over their data. These updates include the introduction of Temporary Chats, new data controls for uploads, and a separate setting for audio and video recordings. The new Temporary Chat feature allows you to have a conversation with Gemini that won’t be saved or used for personalization or model training. These chats will not appear in your recent chat history or Gemini Apps Activity. They are saved for a period of 72 hours for safety purposes and to allow Gemini to respond to your requests. Google is also…
By Yemi Kale I try to stay away from unnecessary debates, but let me offer my own view from a purely technical and economist perspective (forp education purposes only) to recent debates that were really unnecessary. When economists say “an economy is now stable”, they usually mean that the economy has reached a point where it is no longer experiencing major fluctuations/disruptions. In practical terms, it suggests macroeconomic indicators are steady, predictablity and confidence where businesses, investors, and consumers feel more confident making long-term plans, and there are no immediate crises. In short, saying an economy is “stable” means it…