In a landmark development, the African Development Bank (AfDB) Group unveiled its inaugural report titled “Benchmark Macroeconomic Models for Effective Policy Management in Africa.” Prof. Kevin Urama, the Chief Economist and Vice-President of Economic Governance and Knowledge Management at AfDB, introduced the report during the African Economic Conference (AEC) held in Addis Ababa, Ethiopia. According Read More…
Sam Altman, ousted CEO of OpenAI, is steering towards a new artificial intelligence (AI) venture following his dismissal, sources familiar with the plan disclosed on Saturday. The departure of Altman has sent ripples across the tech industry, leaving numerous questions about the future of the company. Former OpenAI president Greg Brockman, who exited the company Read More…
Nigeria’s Lagos State took a pioneering stride in the 805-year-old Lord Mayor’s Show, marking a significant gateway for the Coronation Group to bolster bilateral relationships, especially with the United Kingdom. Aigbovbioise Aig-Imoukhuede, the Managing Director of Coronation Asset Management Ltd., highlighted the pivotal role of Lagos State’s participation in propelling Nigeria towards enhanced global collaborations. Read More…
The Nigeria Association of Small and Medium Enterprises (NASME), in conjunction with MTN MoMo, has introduced a mobile money platform aimed at empowering startups and small and medium enterprises (SMEs) to expand their businesses. Announced at the MTN MoMo and NASME Symposium and Exhibition in Lagos, the initiative signifies a concerted effort to bolster the Read More…
Reports from Sky News suggest a potential milestone agreement between Manchester United’s American owners, the Glazer family, and British billionaire Jim Ratcliffe. The deal, set at $33 per share, signifies Ratcliffe’s acquisition of a significant 25% stake in the revered English soccer club. This impending deal, expected to be finalised imminently, marks the conclusion of Read More…
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasised on Thursday that Nigeria shouldn’t solely depend on borrowing to finance the 2024 budget. Edun shared this stance during his appearance before the joint Senate Committee on the 2024–2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) in Abuja. Highlighting Read More…
On Thursday, Bloomberg News reported Nigeria’s decision to retract civil claims amounting to $1.1 billion against Italian energy giant Eni regarding alleged corruption linked to an oilfield deal. The country’s justice ministry intends to unconditionally waive these claims before Italy’s highest court by November 17, as revealed in a letter regarding the OPL 245 field, Read More…
During the Chartered Institute of Directors Nigeria (CIoD) Annual Directors Conference in Abuja, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted President Bola Tinubu’s empathetic stance and dedication to minimizing the hardships arising from economic reforms for Nigerians. Edun assured that these reforms, despite their necessity, would take time before Read More…
EnterpriseNGR, a policy and advocacy group, asserts that Lagos State’s involvement in the Lord Mayor’s Show will pave the way for future collaborations and investments, propelling sustainable economic development in Lagos and Nigeria. Expressing optimism, Mr. Aigboje Aig-Imoukhuede, Chairman of EnterpriseNGR, highlighted the significance of this milestone, emphasising its role in advancing Lagos towards becoming Read More…
In a recent statement, Isa AbdulMumin, Director of the Corporate Communications Department at the Central Bank of Nigeria (CBN), shared the bank’s positive outlook on its monetary policy measures. Speaking in Abuja regarding the latest figures released by the National Bureau of Statistics (NBS), AbdulMumin highlighted the noteworthy results stemming from the bank’s strategies. He Read More…
