Okeoghene Akubuike Africa recorded a growth rate of 3.2 per cent in 2024, in spite of the challenging global environment, says Afreximbank Research Report. Dr Yemi Kale, Group Chief Economist, Afreximbank disclosed this while presenting the 2025 African Trade and Economic Outlook (ATEO) Report at the Afreximbank 32 AnnualContinue Reading
By Gabriel Agbeja, News Agency of Nigeria (NAN) Regional cooperation in the aviation sector is gaining increasing recognition as a crucial driver of connectivity, economic growth, and technological advancement across the globe. To illustrate this, initiatives such as the Single African Air Transport Market (SAATM) and the European Single SkyContinue Reading
By Lucy Ogalue The Bank of Industry (BOI) has described Nigerian artisans and technicians as the backbone of inclusive economic growth and key to the country’s future industrial development. The Managing Director of BOI, Dr Olasupo Olusi, said at the Nigerian Artisans Leadership Summit 2025, on Wednesday in Abuja. OlusiContinue Reading
Trade volume between Russia and Kazakhstan exceeded 28 billion dollars, while Russian exports increased by almost five per cent at the end of 2024, according to Kazinform, a partner of TV BRICS. Kazinform said that the main growth emanated from machinery, transport, chemicals, and minerals. More than 70 major investmentContinue Reading
By Nana Musa The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the ongoing IMF/World Bank 2025 Spring MeetingsContinue Reading
By Okeoghene Akubuike Africa’s real Gross Domestic Product (GDP) is projected to grow by 4.0 per cent in 2025, in spite global economic fragility, says Afreximbank Research Report. The 2025 African Trade and Economic Outlook (ATEO) Report, a research by Afreximbank, said Africa’s real GDP is projected to reachContinue Reading
Economy By Nana Musa The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government has unveiled a comprehensive economic plan for sustainable development. Edun disclosed this in a statement issued by the Ministry’s Director of Information and Public Relations, Mr Mohammed Manga, onContinue Reading
By Fortune Abang The Government of China has inaugurated its 2025 economic Roadmap centred on bolstering five per cent GDP growth, innovation and investment. The News Agency of Nigeria (NAN) reports that the roadmap is centred on boosting consumption, innovation and technology, fiscal and monetary policy implementation, as well asContinue Reading
By Vivian Emoni The Federal Ministry of Industry, Trade and Investment has expressed commitment to creating a sustainable environment for the private sector and other stakeholders to compete favourably and drive economic growth and productivity. Dr Jumoke Oduwole, the Minister of Industry. Trade and Investment, made the commitment at aContinue Reading
By Naomi Sharang Gov. Ahmed Ododo of Kogi has lauded President Bola Tinubu’s commitment to improving energy access as an economic catalyst for growth and development of the nation. Ododo gave the commendation in Abuja on Tuesday, during a roundtable on “Rural Electrification and Strategy Implementation” organised by Rural ElectrificationContinue Reading
