Economy

Nigeria missing as S’Africa, Kenya, others lead SSA most innovative economies.

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February 23, 2023
Mauritius, South Africa, Botswana, Kenya and Morocco, have ranked far above Nigeria in Africa as countries with the most innovative economies. This is according to the World Intellectual Property Organisation’s (WIPO’s) Global Innovation Index (GII) 2022, which was released on Monday. The GII2022 report tracks the current state of global innovation and identifies areas where innovation is…
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Economy

How rich Africans grew wealth in 2022 – Report

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February 23, 2023
Six out of 10 Africa’s Ultra-High-Net-Worth Individuals grew their wealth in 2022, despite the economic challenges recorded in the year, Knight Frank’s latest wealth research has said. In a statement, it said the drivers of the performance were real estate, currency…
Market

Naira could fall to N900/$ due to demand pressure - report

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February 23, 2023
Andersen, an independent tax and business advisory firm has said that the parallel rate of the naira may fall to N900 in 2023 from demand pressure if mitigating measures are not taken. The firm that has a worldwide presence through the member firms and collaborating firms of Andersen Global disclosed this in its report titled ‘Nigeria’s 2023 economic outlook’, which was presented by its…
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Banking

Banks not shutting down services for elections- ACAMB

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February 23, 2023
The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communications professionals working in Nigeria’s banking sector, has debunked rumours trending on social media that the Central Bank of Nigeria (CBN) will shutdown…
BankingEconomy

CBN releases INEC cash ahead of elections.

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February 22, 2023
THE Central Bank of Nigeria (CBN) has released cash to the Independent National Electoral Commission (INEC) ahead of national and state elections on February 25 and March 11. The amount was not disclosed. A source at the apex bank confirmed to The Nation that the cash was…
Aviation

United Airlines Launches $150M Sustainable Aviation Fund.

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February 22, 2023
United Airlines yesterday launched the airlines’ Ventures Sustainable Flight Fund of $150million. It is the first investment vehicle to support start-ups focused on decarbonising air travel by accelerating the research, production and technologies associated with…
Transportation

The Minister of Transport demanded that shippers expand the port.

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February 22, 2023
The Minister of Transportation, Mu’azu Sambo has charged the Nigerian Shippers’ Council to ensure the establishment of a Port Community System. Speaking during his recent visit to the NSC headquarters in Lagos, Sambo urged the council to ensure that the Port Community System become operational before the end of the President, Maj. Gen. Muhammadu Buhari’s administration. According to him…
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