Thursday, January 30, 2025
Economic News
EU’s strategy to tackle Red Sea challenges independently
The European Union, aiming for strategic autonomy, plans to launch an independent naval operation to protect commercial shipping in the Red Sea. This move signals a shift away from relying...
Read moreDetailsTomato Traders in Badagry Struggle with Soaring Prices
As the cost of food items continues to climb, tomato traders in Badagry, Lagos State, voice concerns about diminishing profits. This reveals a significant surge in the price of tomatoes,...
Read moreDetailsAswani Market Renovation Sparks Crisis
Tensions are simmering at the Aswani Market within the Isolo Local Council Development Area, where a dispute has arisen between traders, shop owners, and the developer regarding the proposed renovation...
Read moreDetailsExchange Rate Volatility Poses Challenge to Nigeria’s Debt Servicing in 2024 – PwC Report
A report from Price Waters and Coopers (PwC) suggests that Nigeria may encounter difficulties in servicing its debt in 2024 due to the volatility in the foreign exchange market. The...
Read moreDetailsWorld Bank Predicts 3.7% Growth for Nigerian Economy in 2025
The World Bank has forecasted a 3.7% growth in Nigeria's Gross Domestic Product (GDP) in 2025. According to the report titled "Global Economic Prospect: Subdued Growth, Multiple Challenges," the projection...
Read moreDetailsNational reward programme: Thinking outside the box
National reward programme, in contemporary Nigeria, the prevailing circumstances necessitate a departure from conventional thinking, urging individuals, organizations, and governments at every echelon to embrace innovative solutions, commonly referred to...
Read moreDetailsNigeria’s economy to grow at 3.3% in 2024, World Bank projects
World bank's recent economic projections for Nigeria reveal an optimistic outlook, forecasting a growth rate of 3.3% for the current year. This figure represents a notable improvement from the 2.9%...
Read moreDetailsNorthern Elders mourns Na’abba
The Northern Elders Forum (NEF) has been plunged into profound sorrow and grief following the demise of the distinguished former Speaker of the House of Representatives, Ghali Umar Na’abba. In...
Read moreDetailsOndo governor Aiyedatiwa signs N395 billion 2024 budget
In a significant move for Ondo State, Governor Lucky Aiyedatiwa officially signed the state's 2024 budget into law, amounting to an impressive N395 billion. This development unfolded mere hours after...
Read moreDetailsAkeredolu struggled for true federalism – Alake
Akeredolu, in a poignant tribute, Mr. Dele Alake, the Minister of Solid Minerals Development, eloquently conveyed his condolences upon learning of the demise of the former governor of Ondo State....
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