Economic News

Aliko Dangote, the Chairman of Dangote Group, has expressed his willingness to sell the $20 billion Dangote Refinery to Nigerian National Petroleum Corporation (NNPC) Limited. This revelation was made by...

Cement distributors in Lagos predict that prices may escalate to earlier yearly highs in the upcoming dry season as demand surges. A survey of major cement distribution outlets indicates that...

Yesterday, the International Monetary Fund revised its 2024 economic growth forecast for Nigeria downward to 3.1 percent, citing weaker growth in the first quarter of the year, Q1'24. This updated...

The World Bank, on July 15, announced a $10 million investment in skills development aimed at addressing youth unemployment in Nigeria. Mistura Rufai, an education specialist at the World Bank,...

Three years into the African Continental Free Trade Area (AfCFTA) agreement, Nigeria's performance in intra-African trade has notably declined, reflecting challenges in maintaining its competitive edge. According to the Africa...

President Bola Tinubu has announced the formation of a Ministry of Livestock Development, aimed at resolving the ongoing conflict between farmers and herdsmen in Nigeria. Entrepreneurng reports that this announcement...

The World Bank has appointed Dr. Ndiamé Diop as the new Country Director for Nigeria. Entrepreneurng reports that Dr. Diop assumes this role following the tenure of Shubham Chaudhuri. Before...

The cost of living varies greatly across global cities, influenced by factors like transportation, housing, food, and entertainment. Each city offers unique opportunities and lifestyles, but prospective residents must consider...

Nigeria's total capital importation surged by 210.16% in the first quarter of 2024, rising from $1.08 billion in Q4 2023 to $3.37 billion in the reviewed period, as reported by...

The Nigerian Exchange Limited (NGX) has imposed fines totaling N76.8 million on nine listed companies for not submitting their audited financial statements by the regulatory deadline. Nairametrics' investigation revealed that...