business
IMF Raises Nigeria’s Economic Growth Forecast to 3.4% Amidst Cautious Optimism The International Monetary Fund (IMF) has upgraded its economic growth forecast for Nigeria to 3.4% for 2025, signaling renewed confidence in the nation’s short-term prospects despite ongoing domestic and global challenges. The new projection, released in the IMF’s July 2025 World Economic Outlook (WEO) […]
Global Stocks Waver as Trade Optimism Wanes, Focus Shifts to Key Economic Data and Corporate Earnings Global stock markets are exhibiting mixed performance and heightened volatility this Tuesday, July 29, 2025, as investor sentiment navigates a landscape where initial trade relief is fading, and attention firmly turns to a flurry of crucial economic data and […]
Digitvant Microfinance Bank Empowers Over 50,000 Businesses with “Market Monie” Loans Digitvant Microfinance Bank, a rapidly emerging player in Nigeria’s fintech landscape, announced on Monday, July 28, 2025, that it has disbursed credit facilities to over 50,000 small and medium-sized businesses through its flagship product, “Market Monie.” The milestone was revealed at a press conference […]
FG Targets Over 2 Million Jobs Through Ambitious Renewed Hope Social Housing Programme The Federal Government has set an ambitious target of generating over two million jobs across Nigeria through its expansive Renewed Hope Social Housing Programme. This initiative, designed to address the nation’s severe housing deficit, is also poised to significantly stimulate local economies […]
Nigeria’s Real Estate Sector Soars to N41.3 Trillion, Becomes Third Largest GDP Contributor Nigeria’s real estate sector has experienced a monumental surge, with its valuation climbing to an impressive N41.3 trillion in 2024. This remarkable growth, confirmed by the latest rebased Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS) on […]
Efficiency Management Firm Trains 15 Bauchi NGOs on International Procurement Standards In a significant move to bolster accountability and operational efficiency within the non-profit sector, Efficiency Management Consulting Firm has commenced a two-day capacity building workshop for 15 Non-Governmental Organisations (NGOs) in Bauchi State. The training, which began on Thursday, July 24, 2025, focuses on […]
EFCC Chairman Olukoyede Calls for Enhanced Collaboration to Combat Money Laundering, Illicit Financial Flows The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has intensified his call for stronger synergy and collaboration among all stakeholders in the fight against money laundering and other economic and financial crimes. This urgent appeal […]
EU Commits €1.5 Million (Over ₦2.6 Billion) in Aid for Displaced Persons in Benue State Amidst Worsening Humanitarian Crisis The European Union (EU) has announced a significant humanitarian assistance package totaling €1.5 million (approximately ₦2.65 billion, using current exchange rates for estimation) to support victims of the ongoing conflict and internally displaced persons (IDPs) in […]
Chinese Yuan Gains Ground Against US Dollar, Reaches 7.1385 Central Parity Rate The Chinese currency, Renminbi (Yuan), has strengthened against the US dollar, with its central parity rate reaching 7.1385 on Thursday. This upward movement reflects shifts in the global foreign exchange market and China’s managed floating exchange rate system. According to the China Foreign […]
Dangote Refinery: Lifting Products More Costly Than From Lomé Due to Port Charges, Says Aliko Dangote In a candid revelation that has sent ripples through Nigeria’s downstream petroleum sector, Africa’s richest man, Aliko Dangote, has disclosed that it is currently more expensive for oil marketers to lift refined petroleum products from his Lekki-based refinery than […]
Global Travel Industry Leaders to Unveil Cutting-Edge Tech at Amsterdam Summit The global travel industry’s leading players, including major airlines, hotels, fintech firms, and travel platforms, are set to converge in Amsterdam from October 20 to 22, 2025, to showcase cutting-edge innovations and technologies poised to shape the future of post-pandemic travel recovery. The highly […]
PalmPay Earns Global Recognition, Named Among Top 300 Fintech Companies Worldwide by CNBC & Statista PalmPay, a leading neobank and fintech platform focused on emerging markets, has once again secured global recognition, earning a coveted spot on CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second consecutive year […]
Federal Government Unveils Ambitious Plan: 1 Million Hectares, 460,000 Tonnes of Soybeans in Two Years In a significant move to bolster food security and position Nigeria as a major player in the global agricultural market, the Federal Government has unveiled an ambitious plan to cultivate one million hectares of farmland and produce 460,000 metric tonnes […]
Fuel Distribution Shake-Up: Tanker Drivers Panic as Dangote Unleashes 4,000 CNG Trucks in Nationwide Rollout The Nigerian petroleum product distribution landscape is on the brink of a monumental shift, causing palpable panic among traditional diesel-powered tanker drivers. This comes as the Dangote Petroleum Refinery prepares to launch a massive fleet of 4,000 Compressed Natural Gas […]
Naira Abuse: EFCC Boss Declares Spraying, Stamping on Currency a Criminal Offence The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has issued a stern warning to Nigerians, reiterating that acts such as spraying, stamping on, or otherwise defacing the Naira constitute a criminal offense punishable by law. Olukoyede re-emphasized […]
TikTok Scales Up Enforcement, Removes 3.6 Million Nigerian Videos in Q1 2025 In a significant move to uphold its Community Guidelines, the short-form video platform TikTok has announced the removal of over 3.6 million videos originating from Nigeria during the first quarter of 2025 (January to March). This figure represents a 50 percent increase in […]
Federal Government Taps Lagos Blue Economy Model for Nationwide Development Strategy The Federal Government has commenced a comprehensive study of Lagos State’s successful blue economy initiatives, with a view to replicating its innovative and sustainable model across the nation. A delegation from the National Institute for Policy and Strategic Studies (NIPSS), Kuru, is currently on […]
FG Declares Tuesday Public Holiday to Honour Late President Buhari The Federal Government of Nigeria has declared Tuesday, July 15, 2025, a public holiday, in honour of the late former President Muhammadu Buhari, who passed away on Sunday at the age of 82. The declaration is a mark of respect for the former leader’s extensive […]
Gombe Kicks Off 2025 Farming Season with Subsidized Fertilizer Rollout, Boosts Supply by 150% The Gombe State Government has officially flagged off the 2025 wet season farming, commencing the sales and distribution of heavily subsidized fertilizer to farmers across the state. Governor Muhammadu Inuwa Yahaya performed the ceremony on Thursday, June 26, 2025, unveiling a […]
Nigeria, US Hold High-Level Talks to De-escalate Visa Tensions After New Restrictions In a diplomatic move aimed at easing recent visa tensions, Nigeria and the United States held a high-level meeting in Abuja on Wednesday, July 9, 2025, to discuss the new visa restrictions imposed on Nigerian citizens by the US. The dialogue underscores efforts […]