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The African Development Bank predicts a slowdown in Nigeria's economic growth by 2027, primarily due to declining global oil prices. However, a modest improvement is anticipated in the short term.
Customs agents are urging the federal government to stop the Nigerian Shippers’ Council from increasing local shipping fees. They seek a suspension of the planned charges until further notice.
There has been a lack of scheduled flight connectivity between West Africa and the Caribbean, hindering trade potential. Efforts are being made to enhance this connectivity to boost economic opportunities.
The Federal Airports Authority of Nigeria plans to transform airports into gateways of growth rather than mere transit facilities. This initiative aims to enhance the role of airports in driving economic development.
Bitcoin's value has dropped over 4.5% due to rising geopolitical tensions between the US and Iran. This has led to significant deleveraging in the crypto market and institutional outflows.
Austin Avuru emphasizes the importance of entrepreneurship in driving capitalism and promoting economic growth. He advocates for responsive government policies to support business development.
PMG-MAN is advocating for an increase in local drug production to 70% in Nigeria. This initiative aims to reduce reliance on imports and bolster the pharmaceutical sector.
Risevest CEO Eleanya Eke is advocating for innovation and entrepreneurship in the South-East region. He emphasizes the importance of access to capital and mentorship for driving economic growth.
The CPPE has raised concerns about a 15.30% contraction in Nigeria's power sector in Q1 2026. This decline threatens economic growth and business competitiveness in the country.
Grenada's Prime Minister Dickon Mitchell is promoting stronger trade relations between Africa and the Caribbean. He emphasizes the importance of enhancing economic, cultural, and diplomatic ties.
Residents in Ifo, Ogun State, fear disease outbreaks from an abandoned dumpsite near Oja Agbe market, causing health hazards and road damage. Learn more.
Nigeria's capital market will implement T+1 trade settlement starting June 1, 2026, improving efficiency. This move aligns the market with global standards.
Global oil prices are sliding as US-Iran ceasefire talks advance, raising hopes for lower petrol prices in Nigeria. Get the latest on crude oil market impa
Nigeria's economy saw a 3.89% GDP growth in Q1 2026, indicating positive economic momentum. However, the CPPE warns that this growth is overshadowed by serious structural issues in power and manufacturing sectors.
A new book analyzes Angola's oil reforms and their potential impact on Nigeria's energy sector. It highlights Nigeria's efforts to boost production and attract investors amidst ongoing challenges.
Nigeria's e-invoicing initiative is pushing SMEs to adapt to new tax automation requirements. This shift aims to streamline the tax system but presents challenges for many businesses.
Africa faces a staggering development financing gap exceeding $1.3 trillion annually. This comes despite the continent experiencing significant growth over recent decades.
Nura Miko, the newly appointed acting controller of the Nigeria Customs Service’s Ports Terminal Multiservices Limited (PTML) Command, has formally read more New PTML customs boss takes over as command hits N181bn revenue
“The demand for bitcoin to naira conversion is no longer driven mainly by trading activity. More users now rely on crypto for payments, business transactions and remote work income” The post Bitcoin to naira demand rises as Nigerian freelancers seek faster crypto payouts appe...
South Africa's central bank has raised its benchmark interest rate for the first time in 2023 due to increasing inflation. This move reflects a tightening of monetary policy in response to economic pressures.
Nigeria’s gambling market may still revolve around football today, but online casinos are slowly building momentum behind the scenes The post Sports betting dominates Nigeria, but online casinos are quietly growing appeared first on Premium Times Nigeria.
Nigeria’s gambling market may still revolve around football today, but online casinos are slowly building momentum behind the scenes The post Sports betting dominates Nigeria, but online casinos are quietly growing appeared first on Premium Times Nigeria.
Nigerian and African labor unions have opposed the AfDB and World Bank's 'Mission 300' electricity initiative aimed at providing power to 600 million people. The workers argue that the plan does not adequately address their concerns and needs.
Zambia’s annual inflation rate slowed to its lowest level in more than eight years in May, underscoring the growing resilience read more Zambia inflation falls to 8-year low despite Iran war shocks
Netflix and other streaming services on Thursday criticised a German plan requiring platforms to reinvest a share of locally generated revenue as part of efforts to support domestic film production. The post Netflix criticises German plan to make streamers invest more locally app...
Professors Pat Utomi and Tunde Adeoye have urged the Nigerian government to utilize the country's natural resources and enhance value chains to boost GDP growth. Their recommendations aim to stimulate economic development and improve the nation's financial stability.
The Federal Government of Nigeria reported a fiscal deficit of N328 billion for the third quarter of 2025 due to revenue shortfalls. This highlights ongoing challenges in budget implementation and revenue generation.
Who profits from prolonged instability?Who benefits from endless emergency procurements? Who feeds the protection economy? Who launders the proceeds? Who keeps supplying operational intelligence to criminal groups?.. These questions are uncomfortable. But nations that refuse to i...
US inflation rose by 3.8% in April, marking the highest year-on-year rate since 2023. This increase is based on the Federal Reserve's preferred PCE index.
The Central Bank of Nigeria is implementing reforms in the foreign exchange market to enhance transparency and boost investor confidence. These measures aim to achieve long-term stability for the naira.