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…
Wynk Limited, a tech startup firm, has unveiled its lifestyle App, “The Wynk Lifestyle Super App” with the aim of making life easier through providing solutions to diverse economic needs.
The firm, in a statement, said the app is a cost-effective solution to everyday…
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 trades, market timing and, for the first time in more than a decade, the return on cash.
It stated, “Using data from Knight…
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…
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…
Tinubu meets entrepreneurs in Lagos: What he plans to do with nation’s challenges
Presidential Candidate of the All Progressives Congress, Asiwaju Bola Tinubu has promised entrepreneurs that he would turn Nigeria’s present challenges into opportunities for growth and development.
He also promised to work towards creating a better security in the country to allow them an enabling…
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…