The Chartered Institute of Directors (CIoD) emphasised the pivotal role of good corporate governance in unlocking the potential of sectors like agriculture, solid minerals, and the blue economy to diversify Nigeria’s economic landscape. During a press briefing in Lagos, Alhaji Tijjani Borodo, President of CIoD, highlighted the upcoming 2023 Annual Directors’ Conference (ADC) at Transcorp Read More…
The presidential bag of crucial tasks may seem to be bursting at the seams, but prioritisation and perspicacity, says the bard, make an impossible schedule lighter than could ever be imagined. Creativity in the way government business is conducted may turn out to be just what is required to quickly turn the corner and make Read More…
Nigeria’s economic growth slowed to 2.4% in the first quarter of 2023, from 3.6% in the fourth quarter of 2022, according to the Organisation of the Petroleum Exporting Countries (OPEC). The slowdown is expected to continue in 2023, with OPEC forecasting growth of 3.3% for the year. The slowdown is being driven by a number Read More…
If the continent’s numerous shocks are appropriately addressed, the Economic Commission for Africa (ECA) suggests that its economy might grow positively. This is contained in a press release by Mr. Adam Elhiraika, Director of the Macroeconomics and Governance Division of the ECA, during the experts meeting currently taking place in Ethiopia. Elhiraika stated that a Read More…
Nigeria’s overall goods trade, according to the National Bureau of Statistics (NBS), was worth N11,722.44 billion in the fourth quarter of 2022. The NBS Foreign Trade in Goods Statistics Report for Q4 2022, which was released on Friday in Abuja, supports this. According to the NBS, overall exports were N6,359.61 billion while total imports were Read More…
The National Assembly intends to tackle the N11.03 trillion deficit proposed in the N19.76 trillion 2023 budget as indicated in 2023-2025 MTEF and FSP by amending relevant provisions of the Finance Act. Chairman, Senate Committee on General Services, Sen. Sani Musa ( APC Niger-East) disclosed this in a chat with newsmen in Abuja on Sunday. Read More…
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…
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. Olawale-Cole noted that addressing Read More…
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…
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 that the said recovery Read More…
