Business
Google Set To Connect More Africans
The Communications and Public Relations Manager of Google West Africa, Mr Taiwo Kola-Ogundale, says Google is working on new solutions to connect more Africans to the internet.
Kola-Ogundale said that the project would be perfected in collaboration with some partners, in an interview with newsmen in Abuj, yesterday.
Google is a U.S.-based multinational technology company that specialises in internet-related services and products, including online advertising technologies, search engine, software and hardware.
“Google recognises the fact that connectivity to the internet has been a challenge to the increasing population of Nigeria and Africa in general and Google Station cannot solve it alone.
“Google Station alone cannot solve the problem of connecting the major population of Nigeria and Africa to the internet.
“No single technology or company can tackle the variety of connectivity challenges in Africa alone. Access is a major challenge for many living in countries like Nigeria.
“For the many Nigerians and over four billion people who are offline around the world, because they cannot afford the solutions or they have poor connections, so we have to invest in a wide range of new technologies.
“We have the Google Station to Project Link in Uganda and through access-related projects like Google Station; our aim is to help more people get a reliable and consistent web experience during their daily routines.
“Our plan is to keep working on new solutions with partners who will work with us to enable as many people as possible to get online,” he said.
Kola-Ogundale recalled that in July, Google announced its plans to launch 200 Google Station sites in five major cities across Nigeria by the end of 2019 to provide free Wi-Fi to millions of people.
According to him, the cities are Lagos, Abuja, Port-Harcourt, Kaduna and Ibadan.
He said that the organisation was working with more Internet Service Providers to explore possible opportunities in extending the range within the country.
Our source reports that Google launched free Wi-Fi hotspots in July, 2018, in Lagos as part of its efforts to increase internet access in Nigeria and Africa in general.
Business
Private sector gets N2.2tr credit in 30 days — CBN
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.
Business
Solar Power: Host Communities Trust, Partner PIND To Light Up Ikwerre Communities
Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
