Business
PH Cyber Cafés Bemoan Advent Of Smart Phones
There are indications that
the advent of smart phones has led to a drop in the level of patronage at cyber cafés in Port Harcourt.
This was made known on Wednesday by Kelvin Eziogu, the manager of Dotina Cyber Café at Elekahia in Port Harcourt.
Eziogu said this even as he claimed that scanning of documents, pictures, corel draw, online registration cannot be done on smart phones as most companies accept CV’s through the net.
“The advent of smart phones has reduced the level of business operations but not totally. The rush for cyber cafés back then cannot be compared to the present. Judging on percentage, the rush was about 90% before, but now it’s 70%”, said Eziogu.
He further said, despite the challenges, operators tend to move forward by upgrading their Internet services.
Also speaking, a computer operator, Charles Darlington, said smart phones have dug deep into some advantages derived from cyber café in terms of browsing and documents download.
Darlington who is a staff of Killox Integrated Services at Waterlines said, people who patronise them are those who do not have smart phones or mega bite (data) for browsing and downloads.
A cyber café user, Miss Iheoma Job, stated that she used to patronise cyber cafés in time past, but not anymore.
“Going to the cyber café for me is a waste of time, resources and energy. Technology has made things a lot more easier as most smart phones can now browse and type”, she said.
She added that having a personal laptop and wifi doggle or Internet moderm enables her do most of her browsing at home.
Iheoma also mentioned that the advent of smart phones has not totally taken business away from the cyber cafés as the bulk of jobs are still done at these centres.
Finally, an eye witness, Nemi Obusele, a student of the University of Port Harcourt said the turnout at cyber cafés has become poor as most times one finds some of these business centres closed because of lack of customers.
This is particularly obvious during periods of fuel scarcity or power outage when most cyber cafés consider it a waste of resources running their generators for long hours without commensurate level of patronage.
Mirian Obusele
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
