NEWS & UPDATES

Most businesses know they should be data-driven—but very few have a clear, reliable view of the numbers that actually matter. That’s why AMI is offering a free data audit to help you understand where your data strategy stands today and what it will take to compete tomorrow.

Boeing’s agreement with the Nigerian government to build a state-of-the-art aircraft maintenance, repair and overhaul (MRO) facility marks a structural shift in the country’s aviation economics. Today, Nigerian airlines routinely ferry aircraft abroad for heavy checks, incurring high FX costs, long ground times and operational disruptions. Localising this activity has the potential to convert a persistent outflow of value into a domestic industrial base.

Nigeria’s banking sector is moving into a new earnings phase as the once-lucrative foreign-exchange revaluation gains from the 2023–24 naira devaluations roll off. In those years, banks booked record profits as the weaker currency boosted the value of their foreign-currency assets.

Nigeria’s airline ticket taxes generated an estimated $62 million in 2024, a modest slice of the $1.97 billion collected across Africa and just a fraction of the $60.3 billion in ticket-tax revenue worldwide.

Aliko Dangote’s call for African entrepreneurs to prioritise investing on the continent is more than a patriotic soundbite; it is a pointed reminder about who sets the tone for capital allocation in Africa. Speaking at the Imo State Economic Summit 2025, he linked his message directly to Nigeria’s current reform moment, praising President Bola Tinubu’s economic policies as already yielding results.