The federal government has removed Value Added Tax (VAT) on essential goods and services. President Bola Tinubu said this on Thursday in…
Category:
Economy
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Amid the huge debt burden on Nigeria, President Bola Tinubu has claimed that his administration’s bold policies have significantly improved the country’s…
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Africa, the world’s youngest continent with immeasurable natural resources, has all it needs to achieve the African Union’s Agenda 2063, provided the…
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Economy
Chief Economists outlook warn global growth under strain from trade policy shocks, AI disruption
The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility fuel uncertainty and…
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Economy
Tinubu seeks another N40trn external loans as Nigeria’s revenue crashes amidst investors’ exodus
Tinubu seeks another N40trn foreign loans as Nigeria’s revenue crashes amidst investors’ exodus President Bola Tinubu has written to the National Assembly…
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Africa’s economic output is expected to grow by 3.9% this year, the African Development Bank said in its annual African Economic Outlook…
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The rising demand for gold and critical minerals is fuelling crimes, corruption, and instability in Africa, the UN Office on Drugs and…
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Economy
AfDB President Adesina warns of economic shockwaves from U. S. tariffs, calls for strategic global engagement
As the United States imposes higher tariffs with global ramifications, African Development Bank Group President Dr. Akinwumi Adesina has warned that these…
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Economy
Raw Material Deve. Council urges African countries to prioritise industrialisation over raw material extraction
The Raw Materials Research and Development Council has called on African countries to prioritise industrialisation over raw material extraction to address the…
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World Bank said on Monday that Nigeria’s economy recorded its fastest growth in about a decade in 2024, driven by a strong…
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To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of $30billion annually in petroleum import costs…
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Governor Central Bank of Nigeria (CBN), Olayemi Cardoso has admitted that the government acknowledged the impact of inflationary pressures on the country.…
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Director-general (D-G) of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, stated that Africa would be minimally impacted by the tariffs imposed by…
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International Monetary Fund, Africa Director Abebe Aemro Selassie has said that Sub-Saharan African economies should work to increase their domestic revenue collection…
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The Federal Government Staff Housing Loans Board says it has begun compiling the list of retired civil servants who have defaulted on the…