Economy

US Targets Stronger Nigeria Partnership in Technology, Trade and Creative Economy 0

Economy
04:33 AM, Aug 28

The United States has expressed interest in expanding its economic relationship with Nigeria, with technology, trade, investment and the creative industry identified as important areas for deeper cooperation. The renewed focus comes as Nigeria continues to position its technology and creative sectors as major drivers of economic growth. Nigeria’s music, film and digital technology industries […]

Nigeria Secures $1.4 Billion Funding to Expand Electricity Transmission Network 0

Economy
04:29 AM, Aug 28

Nigeria’s electricity transmission infrastructure is set for major investment after the Transmission Company of Nigeria secured more than $1.4 billion in loans and grants to support expansion of the national grid. The funding is expected to help increase transmission capacity, improve reliability and address some of the infrastructure limitations affecting electricity supply. Recent improvements have […]

Fuel Price Hike: Labour, Civil Society Groups Demand Action Over Rising Petrol Costs in Nigeria 0

Business, Economy
04:26 AM, Aug 28

Fresh concerns over petrol prices have triggered criticism from organised labour and civil society organisations, with groups accusing the government and operators in the petroleum sector of putting additional pressure on Nigerian households. The latest increase comes at a time when many Nigerians are already dealing with higher transportation, food and household expenses. Labour representatives […]

Djibouti Set to Host First National AI Forum as Africa Pushes Digital Transformation 0

Business, Economy
05:22 PM, Aug 27

Djibouti is preparing to host its first national forum dedicated to artificial intelligence, reflecting the growing interest in AI and digital technology across Africa. The forum is expected to bring together stakeholders to discuss the opportunities and challenges surrounding artificial intelligence and its potential contribution to national development. For African countries, AI is increasingly being […]

Rwanda Secures $190m World Bank-Backed Loan in First Yen Borrowing 0

Economy
05:12 PM, Aug 27

Rwanda has secured approximately $190 million through a 15-year loan backed by the World Bank, marking the country’s first government borrowing denominated in Japanese yen. The financing is expected to support Rwanda’s budget and development priorities, including infrastructure, healthcare, education and agriculture. The move also represents an effort by Rwanda to diversify its sources and […]

Nigeria, Thailand Expand Partnership in Agriculture, Technology and Renewable Energy 0

Economy
05:06 PM, Aug 27

Nigeria and Thailand are working to strengthen economic cooperation in areas including agriculture, technology, commerce and renewable energy. Discussions between the two countries have focused on opportunities to expand trade and investment while encouraging businesses from both sides to explore new partnerships. Agriculture is expected to remain an important area of cooperation, particularly as Nigeria […]

Nigeria Unveils Fresh Oil Tax Incentives as Government Targets New Investment 0

Business, Economy
05:03 PM, Aug 27

Nigeria is stepping up efforts to attract fresh investment into its oil industry through new tax incentives aimed at making deep offshore projects more attractive to investors. The move comes as the government seeks to revive major oil developments that have faced delays and encourage international companies to commit more capital to Nigeria’s petroleum sector. […]

IMF Says Nigeria’s Economic Reforms Are Showing Results but Hardship Remains 0

Breaking, Business, Economy
04:35 AM, Aug 27

Nigeria’s economic reforms have helped improve some major economic indicators, but millions of Nigerians continue to face difficult living conditions. The International Monetary Fund has acknowledged progress from reforms introduced over the past three years, including changes to fuel subsidies and the foreign-exchange system. However, the IMF has also warned that the benefits of economic […]

Tinubu Tasks NLNG With Turning Nigeria’s Gas Wealth Into Greater Economic Benefits 0

Economy
04:32 AM, Aug 27

President Bola Ahmed Tinubu has challenged the Nigeria LNG Limited to do more to ensure Nigerians benefit directly from the country’s huge natural gas resources. Tinubu made the call during a meeting with the NLNG board, where he stressed the need to reduce gas flaring and increase the economic value Nigeria receives from its gas […]

South Africa’s Economic Outlook Under Pressure as Key Indicator Falls for Third Month 0

Breaking, Economy
06:14 AM, Aug 26

South Africa’s economic outlook has come under fresh pressure after the country’s leading business-cycle indicator declined for the third consecutive month. The South African Reserve Bank’s indicator fell by 1.4% in June, pointing to weaker economic conditions ahead. Analysts have linked the decline to factors including weaker commodity prices and pressure on domestic economic activity. […]

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