economy
News on the global economies
U.S., Nigeria Sign $2m Grant to Expand Fiber Optic Infrastructure by 90,000 km
Deputy Secretary Campbell highlighted the partnership’s significance, emphasizing that the fiber optic expansion would enhance Nigeria’s digital infrastructure and connectivity, which are crucial for economic growth.
Washington, D.C. – The United States and Nigeria have signed a $2,095,000 grant to … Continue Reading
FG Launches Digital Trade Desk to Boost Nigerian Startups Funding to $5bn
In 2022, Nigeria ranked 127th out of 133 countries on the ECI, with a score of -1.67. According to the Minister, the new Digital Trade Desk will include programs, partnerships, and policy interventions aimed at diversifying Nigeria’s trade and advancing
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Global Oil Prices Jump to $81+ Amid US Sanctions on Russia
The rise in global oil prices presents both opportunities and challenges for oil-exporting nations like Nigeria. While higher prices could lead to increased revenues, they may also result in a hike in retail fuel prices, placing additional pressure on consumers.
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LITTLE INVESTMENT, HUGE RETURNS: Nigeria’s Lucrative Low-Capital Businesses To Start In 2025
Starting a business in Nigeria’s current economic climate is no walk in the park. The rising cost of living, inflation, … Continue Reading
JUST IN: Nigeria’s SEC Issues Stern Warning To Crypto License Applicants
Nigeria’s SEC Tightens Oversight on Crypto Licenses, Warns Non-Compliant Applicants of Rejection While Promising Stakeholder Support and Proactive Regulatory Reforms
Regulator Vows Strict Compliance with VASP Requirements
The Nigerian Securities and Exchange Commission (SEC) has warned that virtual asset service … Continue Reading
CBN Introduces New Accounts for Nigerians in Diaspora
This policy aligns with Memorandum 17 of the CBN Foreign Exchange Manual (2018) and reinforces the central bank’s commitment to enhancing the country’s financial ecosystem.
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has launched two new account types … Continue Reading
CBN Halts Extension of Export Proceeds Repatriation
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has announced the suspension of approvals for the extension of export proceeds repatriation timelines. The directive, effective immediately, applies to all oil and non-oil export transactions.
In a circular dated January … Continue Reading
JUST IN: Landmark Group To Transform Port Harcourt Tourist Beach Into A World-Class Destination
Landmark Group Teams Up with Rivers State Government to Redevelop Port Harcourt Tourist Beach into a World-Class Tourism, Leisure, and Hospitality Destination, Reviving a Historic Landmark and Boosting Economic Growth
Landmark Group, a prominent player in the African leisure … Continue Reading
Meet The Chinese Woman Who Was Richer Than Elon Musk And Bill Gates Combined With £12 Trillion
The Unparalleled Wealth of Empress Wu Zetian: How Her £12 Trillion Fortune Dwarfs the Combined Net Worth of Today’s Richest Billionaires
A Legacy of Unimaginable Wealth
Wealth has long been a measure of influence, with history’s most powerful figures amassing … Continue Reading
BREAKING: FG Approves Telecom Tariff Increase, Promises Fair Adjustments
Federal Government Introduces Adjusted Telecom Tariff Hike, Aims to Balance Consumer Protection, Transparent Pricing, and Industry Sustainability
The Federal Government has approved a tariff hike for telecommunications services in Nigeria, assuring that the increment will not reach the 100% requested … Continue Reading