Business Economy Metro Top Story

Sanwo-Olu harps on regional integration for socio-economic propserity

Reading Time: 4 minutes Lagos State Governor, Mr. Babajide Sanwo-Olu, has stated that unlocking the potential of the Southwest would depend on the commitment of regional governments to stronger alliances and exploration of evidence-driven solutions for sustainable development. Speaking at the two-day Southwest Investment Promotion Agencies Conference (IPAC-1) in Ikeja, the Governor explained that the forum was informed by Read More…

Business Inflation

LCCI tasks FG on inflation, others

Reading Time: 2 minutes Image Credits: peeterv/Getty Images. The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes. LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first quarter press conference on Tuesday in Lagos. He said better management would improve economical outcomes. Read More…

Business Economy Top Story

IMF may revise its Nigeria growth forecast higher

Reading Time: < 1 minutes It appears the Nigerian economy has become the cynosure of all global economic eyes, as the International Monetary Fund may revise upwards its growth forecast for the country. Jesmin Rahman, the IMF mission chief to Nigeria, cited the country’s surprise exit from recession in the fourth quarter as a reason why its future projections of Read More…

Business Economy Top Story

W/Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Reading Time: 4 minutes Image Credits: Akintunde Akinleye/REUTERS. The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added Read More…

Business Economy Top Story Trade

African nations begin trading under AfCFTA pact

Reading Time: 3 minutes Image Credits: PIUS UTOMI EKPEI/AFP/Getty Images, AWP Network. African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister Abiy Ahmed have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional Read More…

Business Economy Top Story Trade

African Continental Free Trade Area Agreement comes into effect

Reading Time: 2 minutes Image Credits: REUTERS, Quartz. The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that Read More…

Business Featured Trade

Trade expert tasks ECOWAS on border laws, policies

Reading Time: 2 minutes Image Credits: REUTERS/Charles Placide Tossou, PIUS UTOMI EKPEPIUS UTOMI EKPEI/AFP/Getty Images. Dr Ken Ukaoha, a trade and economic development advocate, has urged ECOWAS to ensure that trade and border related laws and policies within West Africa are implemented dutifully.. He made the call on Saturday in Abuja while reacting to the reopening of four land Read More…

Business Economy Top Story

IMF urges broad market and exchange rate reforms in Nigeria to improve economy

Reading Time: 3 minutes Image Credits: REUTERS, Getty Images. The International Monetary Fund (IMF) mission to Nigeria says exchange rate and monetary policy reforms, increased revenue mobilisation and structural reforms will unlock Nigeria’s growth potential. The team lead, Ms Jesmin Rahman, said this in a statement issued on Friday in Washington D.C at the conclusion of the virtual mission. Read More…

Business Stocks Top Story

#EndSARS protests, curfew has no significant impact on capital market –Experts

Reading Time: 2 minutes Some experts in the capital market say the EndSARS protests and curfew imposed in some states did not have any significant impact on the capital market. The experts, who spoke with the News Agency of Nigeria (NAN) in separate interviews in Abuja on Monday, said the stability of the market was due to improved stock Read More…