Banking Budgeting E-Payment Tech & Solutions Economy News Extra Latest News Manufacturing Planning & Economic Development Political Economy Technology Telecomms

AfDB, Google Partner To Transform Africa’s $115Bn Digital Economy

The African Development Bank (AfDB) and Google LLC  have strengthened their partnership to grow Africa’s burgeoning digital economy with the signing of a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. Analysts estimate that Africa’s digital economy is valued at $115 billion and project that […]

Budgeting Economy News Extra Latest News Planning & Economic Development Political Economy Privatisation & Commerce Revenue Statistics Taxation

Nigeria’s PMI Drops To 50.2 In August, As Inflation Rate Surges

Latest Nigeria’s Purchasing Managers Index (PMI) report indicated that the index dropped to 50.2 in August, down from 51.7 in July, which showed that efforts by the government to grow the economy are yielding minimal impact with the MPI marking the lowest rate over the past five months. As expected the report is sending worrying […]

Budgeting Economy News Extra Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Technology

NNPCL Signs United Nations Global Compact Letter Of Commitment

…becomes first state-owned oil firm to sign Initiative  The Nigerian National Petroleum Company Limited (NNPCL) has signed the United Nations Global Compact Letter of Commitment as a participant at the ongoing 78th United Nations General Assembly (UNGA) in New York, United States. The company confirmed its signing for the  global initiative letter in a statement […]

Agriculture & Agribusiness Banking Budgeting Economy News Extra Foreign Exchange (Forex) Housing & Real Estate Infrastructure & Capital Projects Investments/Capital Market Latest News Manufacturing Oil & Gas Planning & Economic Development Political Economy Power/Electricity Technology Telecomms Transportation

Tinubu Reiterates Nigeria’s Investment Opportunities At NASDAQ

President Bola Tinubu has advised foreign investors to explore for good returns the opportunities in the Nigerian economy through investments. Tinubu made the appeal on Wednesday in New York, when he rang the NASDAQ’s closing bell as part of the proceedings at the Executive Business Dialogue in the United States. Speaking at the event, the […]

Budgeting Crime & Judiciary Matters Economy News Extra Foreign Latest News Planning & Economic Development Technology

Elon Musk Suggests Payment By X Platform Users To Curb Bots

Elon Musk has suggested that all users of social media platform X could be required to pay to use the service in an effort to stop bots on the site. Speaking during a live-streamed conversation on artificial intelligence (AI) with Israeli Prime Minister Benjamin Netanyahu on Monday, the billionaire said the company is “moving towards […]

Agriculture & Agribusiness Budgeting Economy News Extra Latest News Manufacturing Planning & Economic Development Power/Electricity Revenue Technology

NASENI, REA To Deploy Renewable Technologies In Rural Areas

The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI solar resources and other renewable energy technologies to increase electricity supply to Nigeria’s rural areas. The […]

Economy News Extra Labour & Industiral Relations Matters Latest News Planning & Economic Development Professionals & HR Devt. Technology Telecomms

Institute Confers Fellowship On Danbatta For Empowerment Of National Workforce

The Michael Imoudu National Institute of Labour Studies (MINILS) has decorated the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, with the award of Fellowship of the Nigeria Institute of Labour (NIL) under the Federal Ministry of Labour and Employment. At the conferment ceremony in Abuja, which was part of the […]

Budgeting Economy News Extra Foreign Exchange (Forex) Latest News Planning & Economic Development Political Economy Revenue Technology

African Union Mulls Establishment Of Credit Rating Agency

The African Union (AU) is making arrangements to launch a credit rating agency for the continent in the coming year as part of its efforts to address concerns about the fairness of existing ratings assigned to African economies by foreign rating agencies. A top official of the AU, Misheck Mutize, who serves as the lead […]

Budgeting Economy News Extra Environment Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Technology

Nigeria Loses $22.9Bn To Gas Flaring In 10 Years – NOSDRA

The Nigerian Oil Spill Detection and Response Agency (NOSDRA) has reported that Nigeria lost more than $14.6 billion worth of revenue to more than 4.2 billion standard cubic feet of gas flared between 2012 and 2021, in addition to the $8.3 billion loss in a penalty for the wastages. The NOSDRA’s Director of ICT, Mrs. Margaret […]

Banking Budgeting Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Political Economy

NGX Capitalization Dips N464.3Bn, As Russell Downgrades Rating

Investors in Nigeria’s equities market on Monday lost about N464.3 billion as the market reacted to the downgrade of the Nigerian Exchange Limited (NGX) by FTSE Russell, a global index issuer. FTSE Russell,  UK-based firm, had downgraded the Exchange from “Frontline” to “Unclassified Market” and hinted that the NGX would be reclassified by September 18, […]