Nigeria’s internet usage reaches all-time high despite 50% tariff increase
Internet consumption in Nigeria surged to a record 1.04 million terabytes in May 2025, defying predictions of a decline after January’s tariff hike.
By The Numbers
Dangote Cement posts over N1trn EBITDA, declares N30 dividend per share
“We are happy with this result… despite all these challenges, the company was still able to pay us a very good dividend,” said AARNS President Faruk Umar.
Over 25 million naturalised Americans at risk as US commence denaturalisation process
According to a June 11 DOJ memo, the civil denaturalisation process targets individuals who “illegally procured” citizenship or did so by “concealment of a material fact or by willful misrepresentation.”
Nigeria’s public debt rises to ₦149.39trn amid naira depreciation
Nigeria’s total debt has surged to ₦149.39 trillion, largely driven by naira depreciation and increased borrowing, new figures from the DMO show. Analysts warn of fiscal instability.
INTERPOL: Nigeria ranks among Africa’s top three for ransomware threats in 2024
Nigeria recorded 3,459 ransomware threat detections in 2024, placing it third in Africa, according to INTERPOL’s latest cyberthreat report.
Beans price drops by more than 100 percent across markets
Farmers and traders have credited this year’s bumper harvest for the steep drop in beans and cowpea prices, now down by over 50% from 2024 levels.
Nigeria ranked 12th poorest country by 2025 GDP per capita — Report
Nigeria has been ranked the 12th poorest country in the world by GDP per capita, according to new IMF data published by Visual Capitalist.
Tanker explosions have killed more than 1,500 in Nigeria – NEMA
NEMA warns against fuel scooping and calls for urgent action to prevent tanker disasters.
17 million Nigerians left the country in 2023 – NANTA
Over 17 million Nigerians travelled out of the country in 2023, NANTA says, as it plans to host the first Eastern Travel Market in Uyo this August.
Loan defaults cost Nigerian banks ₦3.77tn since 2023 — Top lenders hit hardest
Nigerian banks booked ₦3.77 trillion in loan losses from 2023 to Q1 2025, driven by naira devaluation and inflation pressures.