Led by the services sector, Nigeria’s output expanded by 3.1 per cent last year, which aligns with the expectations of the market.
On its face value, the growth figure, which is about 0.5 percentage point higher than the population growth, suggests economic development is looking up.
But such an argument could be deflated by the sluggish growth recorded by the agriculture sector – a sector…
Nigeria missing as S’Africa, Kenya, others lead SSA most innovative economies.
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…
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…
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 banking services for five days between February 23 and 27 because of the general elections.
In a statement signed on…
The Supreme Court has set a decision on March 3 in a multi-state lawsuit over the federal government’s naira exchange rate policy.
A nine-judge panel chaired by Judge John Okoro announced the date after counsel’s closing arguments were presented to the parties in…
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…
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 sustainable aviation fuel (SAF).
According to a statement by the airline, the fund starts with more than $100 million in investments…
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…
Westa.solar, a clean energy company offering packaged solar purchase agreements, provided a 148kW solar array for FrootMultitradeNigeria Limited and a 600kW solar array for SacvinNigeria Limited.
In their statement, energy experts expressed continued concern about…
Two persons have been confirmed dead while many others sustained severe injuries in a Tuesday accident that occurred at Alfred Rewane Road, by Marriage Registry intersection, and around Isheri, Igando area of Lagos.
The LASTMA Zonal Head around Isheri, Afolalu Gbenga, who confirmed the accident at Isheri, disclosed that two people (pedestrian and passenger) died instantly in the crash that…