CEM REPORT, ELECTRICITY| Nigerians have long grappled with inconsistent electricity supply, a situation often exacerbated by power outages during peak demand periods. However, a recent move by the Nigerian Electricity…
CEM REPORT, FINANCE| Nigeria, Africa’s most populous nation, is experiencing a double-edged sword: a boom in electronic payments coupled with a sharp rise in financial fraud. Fueled by the rapid…
CEM REPORT, AVIATION| The Nigerian helicopter industry is on the brink of a crisis as operators threaten to ground their flights in protest of a newly implemented landing fee by…
CEM REPORT, BANKING| Wema Bank Plc is making a bold move to secure its future. The bank announced its intention to seek shareholder approval for a staggering ₦200 billion capital…
CEM REPORT, ELECTRICITY| For years, Nigerians have grappled with estimated billing and lack of access to electricity meters. The Meter Asset Provider (MAP) Scheme, introduced in by the NERC in…
CEM REPORT, AVIATION| The Nigerian helicopter industry is on the brink of a crisis, with operators threatening to ground all flights in response to a recent government directive imposing new…
CEM REPORT, INDUSTRY| Nigeria’s financial landscape is experiencing a significant transformation, with the number of active bank accounts skyrocketing to a staggering 219.6 million in March 2024. This data, released…
CEM REPORT, FINANCE | The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant increase in deposit insurance coverage for bank customers in Nigeria. This move, effective immediately, aims to…
CEM REPORT, INDUSTRY| Nigeria’s business community is facing a significant challenge: the constant fluctuations in the exchange rate used to calculate custom import duties. This volatility, according to the Centre…
The Nigerian economy has faced headwinds in recent months, with concerns surrounding inflation and currency weakness. However, a glimmer of hope emerged in April 2024. According to the latest Purchasing…