Despite sundry reform initiatives of the President Bola Tinubu-led administration to revitalize the nation’s economy, latest forecast from the International Monetary Fund (IMF) indicated that Nigeria’s economy continued its unimpressive performance, dropping into the fourth position in Africa economies’ ranking chart. This is coming barely two years after it was ranked as Africa’s largest economy […]
The International Monetary Fund (IMF) has projected that nearly 40% of jobs globally will be influenced by artificial intelligence (AI), with advanced economies expected to experience a higher impact compared to emerging markets and low-income nations. The IMF Managing Director, Kristalina Georgieva, in a Bloomberg report on Monday, was quoted as expressing concern about the […]
The European Union (EU) has granted the Nigerian Nuclear Regulatory Authority (NNRA) €1 million for the implementation of an international nuclear safety cooperation project for the safe management of radioactive wastes in Nigeria. A news broadcast by Arise TV quoted the authority’s Director-General, Dr. Yau Usman Idris, as confirming the grant following the confirmation by […]
The European Union (EU) has promised to disburse 150 billion Euros from this year to 2027 through its Global Gateway initiative to Nigeria and other African countries to enhance infrastructure in over eight sectors. The EU Commissioner for International Partnerships, Jutta Urpilainen, made this disclosure during the launch of the Global Gateway initiative on Thursday […]
The chair of the United States’ Securities and Exchange Commission (SEC), Gary Gensler, on Monday urged financial regulators toquickly find a way to manage potential risks posed by the concentration of power in artificial intelligence (AI) platforms to global financial system stability. Gensler warned that without swift intervention, it would become “nearly unavoidable” that AI […]
The Assistant Director-General and Regional Director for Europe and Central Asia at the International Labour Organisation (ILO) – Heinz Koller, has predicted that if fully prioritized, the current drives by world leaders for a more environment-friendly business and other human activities could create 18 million jobs worldwide. The labour expert made this forecast at the […]
Nigeria and other countries in the Lake Chad region, namely Niger, Cameroon, and Chad are to benefit from the European Union’s (EU’s) €102.5 million humanitarian aid. The EU made the promise to provide the humanitarian aid during the 3rd High-Level Conference on the Lake Chad Region held on Monday and Tuesday in Niamey, Niger Republic […]
The Central Bank of Nigeria (CBN) has issued new guidelines for use by individuals and entities applying for licence to operate as banks or other financial institutions in the country. The latest guidelines, issued by the CBN under the auspices of the Anti-Money Laundering, Combating The Financing of Terrorism, and Countering Proliferation Financing of Weapons […]
The European Union (EU) Ambassador to Nigeria and Economic Community of West African States (ECOWAS), Ms Samuela Isopi, has promised to collaborate with the Federal Government in its ongoing efforts to bridge the nation’s infrastructure gap and tackling the insecurity challenges. Isopi, who gave this hint during a chat with business editors in Lagos, noted […]
The Agence Française de Development (AFD) and the European Union (EU), have pledged to commit $46 million to fund vocational skills in Nigeria’s power sector. The Director-General of National Power Training Institute (NAPTIN), Mr. Ahmed Nagode, gave this hint on Wednesday at a workshop on ‘Enhancing Vocational Training Delivery for the Nigerian Power Sector’ held […]