Tag: #EconomicGrowth
-
AFRICAN ENERGY LEADERS PUSH FOR REGIONAL INTEGRATION AND INVESTMENT AT OTL AFRICA DOWNSTREAM ENERGY WEEK 2025
Energy regulators and stakeholders from across Africa gathered in Lagos for the 19th OTL Africa Downstream Energy Week 2025, calling for stronger regional integration, harmonised policies, and increased investment to boost sustainability and competitiveness in the continent’s oil and gas sector. The event, themed “Energy Sustainability: Growth Beyond Boundaries and Competition,” highlighted how fragmented regulations…
-
NAIRA APPRECIATES TO ₦1,452.79 AGAINST THE DOLLAR AS ECONOMIC CONFIDENCE GROWS
The Nigerian Naira continued its positive run on Monday, appreciating by ₦5.16 to trade at ₦1,452.79 to the dollar at the official foreign exchange market, according to the Central Bank of Nigeria (CBN). This marks a 0.35% gain from Friday’s rate of ₦1,457.95, extending the weeklong upward trend. The Association of Bureau De Change Operators…
-
NIGERIA WINS HUGE VICTORY: OFFICIALLY REMOVED FROM FATF GREY LIST
The Nigerian Financial Intelligence Unit (NFIU) has announced Nigeria’s official removal from the Financial Action Task Force (FATF) grey list, a landmark achievement in combating money laundering and terrorist financing. CEO Hafsat Bakari revealed the news after the FATF October plenary in Paris, marking Nigeria’s successful completion of a comprehensive 19-point reform program. This move…
-
WORLD BANK UNVEILS IFC2030 STRATEGY TO BOOST PRIVATE CAPITAL AND JOB CREATION
Big moves ahead to create jobs globally! World Bank President Ajay Banga announced the IFC2030 strategy, designed to mobilise private capital and turbocharge economic growth by strengthening partnerships between governments and businesses. Banga explained how the journey shifts from public sector-led early growth to private sector-driven job creation. The strategy hinges on building strong infrastructure,…
-
NIGERIAN STOCK MARKET BOUNCES BACK WITH N20 BILLION GAIN
After a tough day, Nigeria’s stock market is back in the green! Investors gained N20 billion with renewed interest in key stocks leading the charge. On Wednesday, the market reversed previous losses, closing with a N20 billion boost, pushing market capitalization from N93.756 trillion to N93.776 trillion. The All-Share Index climbed by 0.20%, settling at…
-
GLOBAL PUBLIC DEBT TO SURPASS 100% OF GDP BY 2029, SAYS IMF
The International Monetary Fund (IMF) warns that global public debt is set to rise above 100% of the world’s Gross Domestic Product by 2029, the highest since 1948. Vitor Gaspar, IMF’s Fiscal Affairs Director, says this growing debt risk demands urgent and consistent action from policymakers to keep debt in check and avoid financial turmoil.…
-
NEPZA REAFFIRMS 10-YEAR BAN ON STRIKES IN FREE TRADE ZONES AMID DANGOTE REFINERY DISPUTE
Nigeria Export Processing Zones Authority (NEPZA) has confirmed its law bans industrial strikes and lockouts for 10 years within Free Trade Zones, including at Dangote Refinery. This move aims to preserve industrial peace and protect investments after recent union disruptions. NEPZA’s MD, Dr. Olufemi Ogunyemi, urged unions to channel disputes through the Authority, stressing that…
-
NO MORE BUDGET EXTENSIONS, SAYS FINANCE MINISTER WALE EDUN
At NES #31 in Abuja, Finance Minister Wale Edun declared an end to budget rollovers that cause confusion, confirming an agreement with the National Assembly to keep budgets within the fiscal year. He highlighted new financing methods like sukuk, green bonds, and diaspora bonds to replace eurobonds. Edun emphasized transparency improvements, including a federal billing…
-
EKITI AGRO-ALLIED INTERNATIONAL CARGO AIRPORT APPROVED FOR SCHEDULED FLIGHT OPERATIONS
Nigeria greenlights Ekiti airport for commercial flights, boosting agribusiness and regional development. The Federal Government, through Nigeria Civil Aviation Authority (NCAA), has approved scheduled flight operations at Ekiti Agro-Allied International Cargo Airport for an initial six-month period, effective October 4, 2025. The approval permits daytime Visual Flight Rules (VFR) operations as the airport works toward…
-
IIF LAUNCHES $8BN GENDER EQUITY ROADMAP FOR INCLUSIVE INVESTMENT
Nigeria sets 10-year plan to unlock capital for women, youth, and persons with disabilities. At the 3rd Gender Impact Investment Summit in Lagos, the Impact Investors Foundation unveiled a bold 10-year Gender Equity and Social Inclusion (GESI) Roadmap aiming to mobilise $8 billion in inclusive capital by 2035. Developed with PwC Nigeria, the strategy targets…
