As Nigeria continues to battle rising inflation and soaring interest rates, Eko Development Company Limited has highlighted real estate as a stable hedge for investors, positioning its flagship luxury project, …
Economy
-
BusinessDevelopmentEconomyINVESTMENTNigeriaReal Estate
-
BusinessEconomyGOVERNMENTInnovationManufacturingNigeriaTrade and CommerceTransportation & Logisitics
Nigerian Auto Dealers Cry Out as Car Prices Soar and Sales Crash
The Nigerian automotive industry is in crisis, with dealers lamenting the near-collapse of car sales due to soaring vehicle prices and lack of supportive government policies. Automobile dealers say prices …
-
BusinessEconomyFinance & ServicesGOVERNMENTInfrastructureINVESTMENTMarketsNigeria
FG Offers N300bn Bonds in May Auction to Raise Funds for 2025 Budget
The Debt Management Office (DMO) has announced the public offering of N300 billion worth of Federal Government of Nigeria (FGN) bonds for subscription through auction, as part of the government’s …
-
AfricaAgricultureBusinessDevelopmentEconomyGOVERNMENTManufacturingTrade and Commerce
FG to Launch Industrial Hubs in Kano, Abia, Lagos, and Ogun to Drive Full-Scale Industrialisation
The Federal Government has announced plans to establish new industrial hubs in four states as part of a broader strategy to boost Nigeria’s economy through manufacturing and innovation. This was …
-
Banking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesFintechNigeriaTechnology
Nigerian Loan Recovery Firm, Mida Technologies, Achieves 40% Success with Tech and Empathy
A Nigerian loan recovery company, Mida Technologies, says it is recovering up to 40 per cent of bad loans by using a human-focused approach supported by technology, breaking away from …
-
BusinessDevelopmentEconomyEnergyFinance & ServicesInfrastructureNigeria
First Electric, REAN Seal Deal to Boost Solar Access with Flexible Payment Plan
First Electric, a top solar energy provider in Nigeria, has signed a landmark cooperation agreement with the Renewable Energy Association of Nigeria (REAN) aimed at expanding access to solar energy …
-
BusinessBusiness InsightsDevelopmentEconomyLeadershipNigeriaOil & GasPoliticsWestern Africa
Goodluck Jonathan Says Western Oil Firms Failed to Develop Nigeria, Blames Lack of Local Content and Weak Laws
Former President Goodluck Jonathan has said that the Western oil companies that discovered crude oil in Nigeria failed to develop the country because they did not transfer technical knowledge or …
-
AfricaASIADevelopmentDigital EconomyEconomyEnergyFinance & ServicesInfrastructureInternational RelationsINVESTMENT
EAAIF secures $325m for infrastructure expansion
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a private infrastructure group managed by Ninety-One, has secured a fresh $325 million in debt funding to support infrastructure projects across Africa …
-
AfricaAFRICA NEWSAviationBusinessEconomyInfrastructurePoliciesTravel & Tourism
Nigerians Defy Visa Hurdles as International Travel Projected to Earn More in 2025
Despite the tightening of visa requirements by countries like the United States, the United Kingdom, and several Schengen states, industry experts predict that international travel from Nigeria will generate higher …
-
Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …