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Nigeria Misses Out In Africa’s Top Industrial Nations’ Ranking Chart – Report

A new report by the African Development Bank (AfDB), the African Union (AU) and the United Nations Industrial Development Organization (UNIDO) has revealed that Nigeria, commonly rated as the ‘Giant of Africa’, did not rank among the fast-growing industrial countries in Africa. The just published Africa Industrialization Index (AII) report indicated that 37 out of […]

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Multichoice Expands Africa Accelerator Programme To Nigeria, Others

Following the success of the MultiChoice Africa Accelerator Programme which debuted in South Africa last year and secured $16 million of funding for six emerging businesses, the promoters of the programme has launched its extension to Nigeria and seven other countries across Africa in 2023. The other countries, whose technology-oriented Micro, Small and Medium Enterprises (MSMEs) […]

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Nigeria’s GDP Growth Slows To 2.25% In Q3 2022 – NBS

The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022, representing 1.78% points decrease from the 4.03% growth rate recorded in Q3 2021 The Q3 GDP growth rate reflected a 1.29% points decline relative to 3.54% growth […]

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World Bank Rates Nigeria’s Public Expenditure Among Lowest Globally, Proffers Solutions

The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]

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CPPE Canvasses Fiscal, Other Measures To Tackle Surging Inflation

The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy groups in the country, has advised the Federal Government on sundry areas requiring its intervention in order to frontally tackle the surging inflation rate in the country. The Founder/Director General of the group, Dr. Muda Yusuf, in a statement issued […]

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Nigeria’s Inflation Rate Surges, Hits 21.09% In October

The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Consumer Price Index (CPI) which measures the rate of change in prices of goods and services, also known as inflation, surged to 21.09% year-on-year in October, up from 20.77 percent recorded in the previous month. The Bureau, in its ‘Consumer Price Index (CPI) Report […]

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Buhari Charts Roadmap To Nigeria’s Sustainable Economic Growth

President Muhammadu Buhari has said that the task ahead in building a prosperous Nigeria requires partnership, innovative thinking, and most importantly, disciplined implementation of development policies by governments and the organized private sector. Represented by the Vice President, Prof. Yemi Osinbajo, during the opening session of the ongoing National Economic Summit 2022 in Abuja,  the […]

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UK Supports Africa With £200Mn For Climate Adaptation

The United Kingdom has announced an increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking at COP27 in Sharm El Sheikh, Egypt, on the funding support, British Foreign Secretary, James Cleverly, confirmed the UK will provide £200 million to the African Development Bank Group’s (AfDB’s) Climate […]

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NASS, FRSC Commend Dangote Firm On CSR, Road Safety Interventions

The House of Representatives and Federal Road Safety Corps (FRSC) have commended Dangote Coal Mines Limited for supporting the government through its multi-million Naira social schemes and for adopting innovations that have remarkably reduced the rate of auto crashes in the country. Speaking at an interaction session involving the company’s host community’s leaders and youths […]

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Climate Change: Okonjo-Iweala Tasks World Leaders On Trade Roadmap

The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]