The United Nations Industrial Development Organization (UNIDO) has expressed its interest to partner the National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty through the domestication of renewable energy solutions and to fast-track industrial development in Nigeria. The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile, who led a delegation on a […]
As anxieties continue to mount over Nigeria’s rising inflation rate associated largely to spiking food prices, economists at the Centre for the Study of the Economies of Africa (CSEA), a leading Afro-focused economic research and consulting firm, have charged the governments to commit more resources to agricultural programmes and adopt other fiscal measures to reduce […]
Aon, a global re/insurance brokerage firm, has announced its partnership with the African Development Bank (AfDB), and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature positive practices. The partnership is also expected to help in reducing supply […]
Nigeria recorded a trade surplus of N1.89 trillion in the third quarter of 2023, which is higher than the N1.25 trillion in the preceding quarter, the National Bureau of Statistics (NBS) has reported. The statistics agency, in its latest ‘Foreign Trade in Goods Statistics Q3 2023’ report published on Monday, reported that in the quarter […]
The Federal Government has approved a 50% reduction in the cost of agricultural inputs for farmers, aligning with the commencement of dry season farming, which kicked off last Saturday nationwide. The Federal Ministry of Agriculture and Food Security in a statement on Friday disclosed that the Minister of Agriculture, Abubakar Kyari, will lead the launch […]
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has urged Nokia Networks, one of the global leading ICT firms, to increase its investments in Research and Development (R&D) of the nation’s Information and Communication Technology (ICT) to support the industry’s sustainable growth. Maida, made the […]
The Federal Government in collaboration with International philanthropic organisations have partnered to raise $200 million to support the nation’s Micro, Small and Medium Enterprises (MSMEs) with the attendant positive potential for job creation in the country. The Senior Special Assistant to the President on MSMEs and Job Creation in the Office of the Vice President, […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday disclosed that the Federation Account had been recording improved revenue inflow since the removal of fuel subsidy from an average of N650 billion monthly to over N1 trillion in the last four months. Edun made this disclosure at the opening ceremony […]
President Bola Tinubu has assured international investors that Nigeria remains a secured destination with high prospects for returns for their investments. Tinubu, who gave the assurance while speaking as a participant in a panel discussion on fostering local value chains and investments in Africa at the 4th G20 Investment Summit in Berlin, Germany, highlighted Nigeria’s […]
A new research report from Fitch Ratings has reflected the growing vulnerability of European insurers to weather-related losses, primarily attributed to reinsurers reducing coverage against medium-sized natural catastrophe risks. The trend, which commenced in 2022, is exemplified by results from the Italian non-life market, demonstrating a notable impact on profitability following reinsurance cutbacks. According a […]