Globacom has reaffirmed its commitment to Nigeria’s cultural heritage by deepening its long-term partnership with the Ofala Festival, a move aimed at consolidating its brand presence in southeastern Nigeria.
The World Bank has upgraded Nigeria’s 2026 growth forecast to 4.3 per cent, citing stabilizing macroeconomic conditions while warning that the 2027 election cycle poses a risk to fiscal discipline.
World Bank projections for 2026 show Sub-Saharan Africa struggling with 1.8% per capita growth and a 47.8% poverty rate, highlighting the need for urgent structural reforms.
Michael Owolabi, GMD of Black Pelican Group, highlights the critical role of consumer trust and value propositions in navigating Nigeria’s volatile premium lifestyle and interior solutions market.
Africa’s banking sector has recorded its strongest year on record, with combined Tier 1 capital across the Top 100 banks rising 23% to reach a milestone $155 billion.
