Nigeria’s Gross Domestic Product (GDP) grew by 3.84 per cent in real terms in the fourth quarter of 2024, marking an improvement from the 3.46 per cent recorded in the same period of 2023. The growth, driven by a...
The International Labour Organisation (ILO) has emphasized the need for robust social dialogue to address pressing labour market challenges and ensure sustainable industrial relations in a rapidly evolving global economy. This call was made during the inaugural International Conference...
The Nigerian Stock Exchange (NGX) experienced a significant downturn on Tuesday, with investors losing N166 billion in market value following the announcement of a decline in Nigeria’s headline inflation to 24.48 per cent in January 2025. Despite the drop,...
The Federal Inland Revenue Service (FIRS) has initiated a stakeholders’ engagement with large taxpayer groups to prepare for the pilot phase of the Merchant Buyer Solution, an e-invoicing system set to launch in July 2024. The system aims to...
Johnvents Group, a leading agribusiness and manufacturing conglomerate, has partnered with British International Investment (BII) in a $40.5 million deal aimed at enhancing Nigeria’s cocoa industry. The investment will expand the production capacity of Johnvents’ subsidiary, Premium Cocoa Products...
As artificial intelligence (AI) continues to reshape job roles, George Asamani, Managing Director of Project Management Institute (PMI) Sub-Saharan Africa, has emphasised the importance of balancing technical expertise with human-centric skills. In a statement, Asamani highlighted the need for...
PTML Terminal has announced the arrival of MV Great Cotonou, the first Container Roll-on Roll-off (RORO) vessel offering a direct shipping route from Shanghai to Lagos. This groundbreaking service, operated by the Grimaldi Group, reduces transit times to just...
CAP Plc, a leading paint manufacturer, has introduced a groundbreaking product, Caplux Plaster Primer, designed to address dampness in buildings and improve wall preparation for painting. The new primer offers superior adhesion, moisture protection, and stain-blocking technology, setting a...
Daere Akobo, Chairman of PANA Holdings and Group CEO of PE Energy Limited, has urged African leaders to prioritise investment in youth-centred technological innovations to fuel the continent’s economic transformation. Speaking at the Sub-Saharan Africa International Petroleum Exhibition and...
The ongoing tariff war between the United States and China is expected to have significant spillover effects on Nigeria’s economy, potentially worsening the country’s trade deficit with China. Analysts at Meristem Securities highlight the risks of increased imports, capital...
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