Tag: Economy
Naira Under Pressure as Oil Prices Drop Amid US-China Trade Tensions
The global oil market experienced heightened volatility in April, driven by escalating trade tensions between the United States and China , which led to...
Badagry Chamber of Commerce Urges Speedy Development of Proposed Deep Seaport
The Badagry Chamber of Commerce, Industry, Mines, and Agriculture has urged the federal government to expedite the development of the proposed $2.59 billion Badagry...
N2.8 Trillion Needed for TCN Projects to Improve Nigeria’s Power Grid
Minister of Power, Chief Adebayo Adelabu, has revealed that the Transmission Company of Nigeria (TCN) requires approximately N2.8 trillion to execute 149 projects aimed...
Ecobank Unveils “Kong in a Cage” Art Installation to Promote Sustainability
Ecobank Nigeria has unveiled a new art installation titled "Kong in a Cage" by artist Toyeeb Ajayi. The installation, made entirely from recycled materials,...
Africa Poised for 4.2% GDP Growth in 2025, Driven by Services...
The Brookings Institution has projected that Africa's economy will experience robust growth in 2025, with GDP expected to reach 4.2 percent. This positive outlook...
AfDB President and Vice President Named Among New African’s 100 Most...
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), and Hassatou Diop N’Sele, Vice President for Finance, have been recognized among the 100...
Lagos Employers Face January 31st Deadline for Annual Tax Returns
The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers in the state to file their annual tax returns for...
Enterprises Prioritize Revenue Growth and Cybersecurity in Digital Transformation, GSMA Intelligence...
A new report from GSMA Intelligence reveals that enterprises are increasingly prioritizing revenue growth and cybersecurity as key objectives within their digital transformation strategies.
The...
Nigerian Banks Navigate Recapitalization and Regulatory Scrutiny Amidst Economic Headwinds
The Nigerian banking sector experienced a period of significant transformation in 2024, navigating a challenging landscape marked by rising interest rates, economic uncertainty, and...
FX Demand Declines in Q3 2024 as Invisible Transactions Slow
The demand for foreign exchange in Nigeria experienced a slight decline in the third quarter of 2024, primarily driven by a significant drop in...
