The African Development Bank (AfDB) President, Akinwumi Adesina, has sounded the alarm on a concerning trend that’s been plaguing the continent: the “Japa” phenomenon. This trend, which refers to the mass migration of skilled and [Read More!]
Tony Elumelu, a renowned Nigerian businessman and philanthropist, has emphasized that addressing the country’s crippling electricity challenges is crucial to achieving a $1 trillion economy. As the chairman of Heirs Holdings and the Tony Elumelu [Read More!]
Nigeria’s economic forecast just hit a major speed bump. The country’s premium crude—Bonny Light—took a sharp dive, dropping by 5.09% to $59.62 per barrel, sparking fresh concerns about the government’s ability to meet its ambitious [Read More!]
Nigeria’s ambition to reach a $1 trillion economy hinges on one critical factor: solving the nation’s electricity crisis, according to Tony Elumelu, Chairman of Transcorp Group. Speaking at the company’s Annual General Meeting in Abuja, [Read More!]
The Central Bank of Nigeria (CBN) has reported a significant economic milestone for 2024, with a Balance of Payments (BOP) surplus of $6.83 billion, a sharp contrast to the deficits of $3.34 billion in 2023 [Read More!]
Credit Direct, a leading Nigerian financial services company, has officially transformed from a traditional lender to a cutting-edge digital finance powerhouse. At a groundbreaking product demo event held on March 29 in Lagos, the company [Read More!]
Nigeria’s economic troubles didn’t just fall from the sky — they were made at home. That was the bold message from Dr. Yemi Kale, Group Chief Economist and MD at African Export-Import Bank, during his [Read More!]
In a major development for Nigeria’s oil and energy sector, the Federal Executive Council (FEC) has officially directed the full implementation of the Naira-for-Crude agreement with local refiners. This move comes as part of the [Read More!]
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