Here are the stories for this issue:
2 min read
The first quarter of 2023 saw a surge of 175% in capital importation to the agricultural sector, with foreign direct investment (FDI) reaching $4.84 million (N3.6 billion). Despite this, the sector experienced a 0.90% contraction, the first since the democratic era, due to the cash crunch experienced during the period. Experts agree that with adequate financing, the country’s 84 million hectares of arable land could be put to productive use.
1 min read
The new law is designed to ensure compliance with data protection obligations, promote accountability, and protect the privacy rights of individuals.
4 min read
This article explores the potential of Meta’s new social media platform, Threads, to challenge Twitter, the current leader in the social media space, and the implications of this rivalry for Nigerian businesses. With Meta’s significant resources, a strong connection to the Instagram network, and its promise of better content control, Threads could be poised to become the next social media giant.
2 min read
This article highlights the significant decline in foreign investment into the telecommunications sector in Nigeria in the first quarter of 2023, noting that the investment decline is due to multiple taxation, instability in the foreign exchange market, and the ongoing implementation of the Nigeria National Broadband Plan (NBP 2020–2025).
7 min read
Non-use of a trademark constitutes a valid ground for revocation, but this rule is subject to exceptions for well-known marks registered in multiple classes.
3 min read
AGRA has unveiled a five-year strategic plan with the aim of strengthening the resilience and competitiveness of local actors to enhance food system transformation in Nigeria and across Africa, with a focus on climate-smart villages in seven states.
2 min read
Nigeria’s central bank has removed restrictions on the official exchange rate, driving the Naira to a record low of 750 to the dollar, and the banking index surged 23% to a more than 20-year high, in a move that should improve the current account and long term investment climate.
I look forward to have us continue the conversation below.