Bolt, one of Africa’s largest ride-hailing companies, has announced that its top 50 drivers in Nigeria earned an average of N9,662,105 in the first half of 2025. This translates to …
NIGERIA ECONOMY
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BusinessCorporate EarningsEconomyNewsTechnologyTransportation
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Corporate Social Responsibility,DevelopmentEducationInfrastructurePartnershipsPublic-Private Partnership
Vitapur Donates Prefabricated Building to UNILAG to Boost Learning
Vitapur Nigeria Limited, a subsidiary of Vitafoam Nigeria PLC, has donated a prefabricated insulated building to the University of Lagos (UNILAG) to promote learning and support manpower development in the …
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AgricultureDevelopmentEconomyGOVERNMENTRural Development
AfDB Begins Rollout of 36 Agro-Industrial Zones to Boost Nigeria’s Economy
The African Development Bank (AfDB) has completed eight Special Agro-Industrial Processing Zones (SAPZs) across Nigeria under the first phase of its agricultural transformation initiative, with 28 more zones currently being …
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Banking, Finance & InvestmentBusinessEconomy
NGX Market Closes Flat Despite N67bn Gain Amid Mixed Sentiment
The Nigerian Exchange Limited (NGX) ended trading on a quiet note on Wednesday, gaining N67 billion in market capitalisation, even though overall trading activities dropped significantly. The day’s session reflected …
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The federal government has announced that Nigeria’s total tax revenue for the first half of 2025 rose to N14.27 trillion, showing a big jump of 43 per cent from the …
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AfricaBusinessDevelopmentEconomyEthiopiaInfrastructure
New Development Bank Offers Fairer Option for Developing Nations
The Brazilian Ambassador to Ethiopia, Mr. Jamdyr Ferreira Santos, has praised the New Development Bank (NDB) as a strong and fair alternative to traditional global lenders. He said the bank …
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The International Monetary Fund (IMF) says Nigeria can make real progress if it increases its revenue, builds a better national budget system, and expands its cash transfer programme to help …
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The World Bank has issued a stern warning about the rapid rise of extreme poverty in Nigeria, saying the country is now one of 39 economies where conflict and instability …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
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AfricaBanking, Finance & InvestmentDevelopmentEconomyFinance & ServicesPoliciesTrade and Commerce
Afreximbank flags fresh threats to Africa’s growth
The Senior Executive Vice President of the African Export-Import Bank (Afreximbank), Denys Denya, has warned that new threats are emerging against Africa’s development and economic independence, similar to the resistance …