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 AfricaNigeria’s Maritime Trade Hits N130.8 Trillion in 2024Nigeria’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 & ServicesNigeria and Brazil Forge $1.1 Billion Pact to Enhance Food SecurityIn 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 AfricaNigeria’s Cashew Industry Poised for Growth as Stakeholders Push for SustainabilityNigeria’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 & ServicesEconomists Criticize SARB’s Decision to Maintain Interest Rates Amid Economic ChallengesThe 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 AfricaAs Algerian oil is verging on $100: Economic growth to speed up the paceby 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 TechnologyNigeriaTechnologyNigeria to gain $10.3b from trade agreement, tariff elimination on IT productsby 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 NEWSEconomyINVESTMENTNigeriaNigeria continues investors drive, as Shettima attends G77 summitby 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 NEWSBusinessEconomyNigeriaNIMASA dedicated to the economic development of the country’s economyThe 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 …