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  EXCESS CRUDE ACCOUNT SLUMPS TO LOWEST DESPITE OIL RALLY

Nigeria’s Excess Crude Account (ECA) has decreased by 72 percent from $2.2 billion in 2015 to an all-time low of $60 million, according to the latest figures by Nigeria’s minister of state for [...]

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HOUSEHOLD SPENDING SURPASSES PRE-PANDEMIC LEVELS YET NIGERIANS POORER

Household consumption has surpassed pre-pandemic levels because Nigerians have to pay more for goods and services and not because they are earning more. According to a report from the National [...]

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SEVEN WAYS EU’S PLAN TO CUT EMISSIONS WILL IMPACT AFRICA

A decline in European demand for fossil fuels alongside rising demand for cobalt, nickel, and other critical minerals for the energy transition will greatly affect global markets. The European [...]

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EXPERTS SEE NIGERIA SCRAPING PEF, OTHERS AS STEP IN RIGHT DIRECTION

The Nigerian government is gradually mustering the political will to end petrol subsidy with the scrapping of PEF and Petroleum Products Pricing Regulatory Agency (PPPRA), two major strongholds [...]

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NIGERIA TARGETS 95% DIGITAL LITERACY BY 2030

The federal government of Nigeria hopes to achieve 95 percent digital literacy in the country by the year 2030. Kashifu Abdullahi, the director-general of the National Information Technology [...]

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ANOTHER MULTI-BILLION DOLLAR INVESTMENT ELUDES NIGERIA AS US VANTAGE DATA PICKS SA FOR GROWTH

Vantage Data expansion into Africa and its choice of South Africa, underscores the rising demand for cloud services even in relatively undeveloped corners of the technology universe and positions [...]

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STAKEHOLDERS CALL FOR SUSTAINABLE YOUTH EMPOWERMENT PROGRAMME TO TACKLE UNEMPLOYMENT

Our unemployed youths have become veritable tools for promoting unrest across the country, and this must be addressed urgently. Stakeholders in the Nigerian employment sector have called on the [...]

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CBN FINANCES LAGOS BLUE LINE RAIL PROJECT WITH N110BN

The blue line rail project, which is currently under construction by the Lagos State Government, through the Lagos Metropolitan Area Transport Authority (LAMATA) is expected to be completed in [...]

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CBN’S UNWILLINGNESS TO REMIT FUNDS CHALLENGING ROLL OUT OF ECONOMIC SUSTAINABILITY PLAN – VICE PRESIDENT

Vice President, Yemi Osinbajo disclosed that the unwillingness of the Central Bank of Nigeria to disburse funds is slowing down the progress of some sectors of the Economic Sustainability Plan [...]

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ECONOMIC SUSTAINABILITY PLAN IS TACKLING LONGSTANDING STRUCTURAL CHALLENGES – OSINBAJO

Vice President Yemi Osinabjo disclosed that the Economic Sustainability Plan (ESP) helped mitigate the shock of COVID-19, but also took the opportunity to try to tackle longstanding structural [...]