The Lagos State Government has introduced a three-pillar proposal to address Nigeria’s growing food insecurity, focusing on boosting food production, improving storage facilities, and reducing wastage. Speaking at the launch …
ECONOMIC GROWTH
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AgricultureDevelopmentEconomyFood ProductionGOVERNMENTNigeriaPoliciesSecurityWestern Africa
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EconomyNigeriaTrade and CommerceWestern Africa
Nigeria’s Maritime Trade Hits N130.8 Trillion in 2024
Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …
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Business PoliciesEconomyFinance & Services
Nigeria and Brazil Forge $1.1 Billion Pact to Enhance Food Security
In a significant move to bolster agricultural productivity and ensure food security, Nigeria and Brazil have entered into a $1.1 billion agreement. This collaboration aims to enhance Nigeria’s agricultural infrastructure …
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AgribusinessAgricultureBusinessBusiness and EconomyFood ProductionFood ProductionNigeriaTrade and CommerceWestern Africa
Nigeria’s Cashew Industry Poised for Growth as Stakeholders Push for Sustainability
Nigeria’s Cashew Industry Poised for Growth as Stakeholders Push for Sustainability As Nigeria’s cashew season begins, industry stakeholders are calling for renewed efforts to strengthen the sector through sustainable farming …
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Business PoliciesEconomyFinance & Services
Economists Criticize SARB’s Decision to Maintain Interest Rates Amid Economic Challenges
The South African Reserve Bank (SARB) recently opted to keep the benchmark interest rate steady at 7.5%, a move that has drawn criticism from economists who believe the central bank …
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AfricaAFRICA NEWSALGERIANorth AfricaNorthern Africa
As Algerian oil is verging on $100: Economic growth to speed up the pace
by Editorby EditorGrowth in Algeria is expected to accelerate further in 2024, at a sustained pace over the past two years, reflecting not only the current rise in oil prices but also …
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AfricaAFRICA NEWSBusiness and EconomyEconomyInformation TechnologyNigeriaTechnology
Nigeria to gain $10.3b from trade agreement, tariff elimination on IT products
by Editorby Editor*ITIF urges economies to leverage ICT for economic growth The completion of the second expansion of the Information Technology Agreement (ITA-3) could bring more than 400 unique information technology (ICT) …
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AFRICA NEWSEconomyINVESTMENTNigeria
Nigeria continues investors drive, as Shettima attends G77 summit
by Editorby EditorVice President Kashim Shettima, early Wednesday, departed Abuja to attend the G77+China Leaders’ Summit in Havana, Cuba, in continuation of President Bola Tinubu’s global investors drive. The Vice President is expected to …
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Vietnam’s economy grew by eight percent in 2022, driven by strong exports and retail sales, authorities said on Thursday. Growth in the communist nation stuttered at around three percent for …
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AfricaAFRICA NEWSBusinessEconomyNigeria
NIMASA dedicated to the economic development of the country’s economy
The Chairman of the Senate Committee on Marine Transport, Senator Danjuma Goje, has described the Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, as a patriotic …