In a recent conference held by the Trade Union Congress (TUC) in London, the Nigerian government faced accusations of human rights abuses. The allegations were made by the TUC leader, who claimed that Nigeria had violated human rights. However, the Nigerian government has categorically denied these claims, stating that they are unfounded and based on Read More…
The Lagos State Government has announced plans to simplify and harmonize its revenue and tax system, a move designed to stimulate economic development and create a more business-friendly environment. This initiative was revealed by Mr. Abdul-Kabir Ogungbo, Special Adviser to Governor Babajide Sanwo-Olu on Taxation and Revenue, during a press conference held on Thursday in Read More…
The Lagos State Government has made a significant investment in youth entrepreneurship by setting aside a grant of 10 Million naira to support young business owners. This initiative was highlighted during the Amplifier Business Clinic, organised by the Lagos State Ministry of Youth and Social Development to empower young entrepreneurs. The event, held in Alausa Read More…
In a bid to boost local businesses and food production, Ikorodu Local Government Chairman, Mr. Wasiu Adesina, has announced plans to collaborate with the Lagos State Employment Trust Fund (LSETF) to roll out N30 million in soft loans for farmers and traders in the state. Adesina made this commitment during the flag-off ceremony for the Read More…
Brace yourselves, Nigerians! The nation stands on the cusp of two potentially aggressive interest rate hikes in quick succession, a Reuters poll revealed on Friday. This bold move aims to curb soaring inflation and bolster the battered naira currency. After a two-meeting hiatus, the Central Bank of Nigeria (CBN) is poised to hold its first Read More…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Minister of Finance, Mr. Olawale Edun, to prioritise transparent financial strategies and tax relief to foster private sector development. Mr. Dele Oye, the National President of NACCIMA, conveyed this message during a statement issued on Saturday in Lagos following Read More…
Africa’s economic growth witnessed a decline to 3.2% last year from 4.1% in 2022, as reported by the African Development Bank (AfDB) on Friday. Despite this setback, the bank projected higher growth rates this year for all regions except central Africa. According to the AfDB, factors such as political instability and China’s economic slowdown, compounded Read More…
Africa’s richest man, Aliko Dangote, received a significant boost for his fertiliser plant today as Shell and its partners announced a final investment decision to build a dedicated gas supply facility. The $2.5 billion Dangote Fertiliser and Petrochemical Plant, the largest urea complex in Africa, will receive 100 million standard cubic feet of gas per Read More…
In a bid to maximise the benefits of cocoa production and foster economic growth, the Governor of Lagos State, Mr. Babajide Sanwo-Olu, emphasised the need for a multifaceted approach. Speaking at the International Cocoa and Chocolate Forum (ICCF) 2024 in Lagos, he outlined key strategies for the cocoa sector’s enhancement. Represented by Mrs. Folashade Ambrose-Medebem, Read More…
Stears, a prominent provider of economic analysis and data-driven insights, has highlighted the imperative of proactive measures to safeguard Nigeria’s economic stability amidst mounting inflation pressures in its 2024 African Outlook Report. Dumebi Oluwole, Senior Economist at Stears, emphasised the urgency for preemptive actions to address the nation’s economic stability amidst the current headline inflation Read More…
