Spain to invest €6.6bn in youth vocational training
The Prime Minister of Spain, Pedro Sanchez on Saturday announced that the government will be investing €1.3 billion in vocational training, which is the largest commitment ever made by any…
How Nigeria can stabilize economy – World Bank
Increased oil revenues are one strategy the Nigerian government can use to regain macroeconomic stability, according to the World Bank. This was stated in the April 2023 Macro Poverty Outlook…
Seplat Energy records 36.9% revenue growth despite crisis
Seplat Energy Plc, an indigenous oil exploration business, increased its revenue from $241.8 million to $331 million in the first quarter of 2023, a 36.9% increase. The Punch reported that…
How Canada’s largest strike will affect its economy – Report
Analysts have predicted that the largest strike in Canadian history, which is currently on the tenth day, will have an impact on this month's growth. With the overall effect being a…
Aba landlords request power restoration, threatens protest
The Aba Landlord Protection and Development Association has requested that the Transmission Company of Nigeria lift the disconnection order of Aba Power Limited Electrical from the national grid immediately. This…
Why Nigeria’s economic development will drop in 2023 – KPMG
From the KPMG Nigeria 2023 Annual CFO Outlook Survey, 41% of CFOs think there won't be any discernible growth at all. The delayed withdrawal of fuel subsidies, an unstable foreign…
Debswana’s diamond sales drop slightly in Q1 2023 amid cautious market
Diamond sales by Debswana Diamond Co have seen a slight drop in the first quarter of the year, according to data released by the Bank of Botswana. The market has…
Ex-NNPC GMD sues EFCC, others over withheld $9.8m
A former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, has sued the Economic and Financial Crimes Commission, the Central Bank of Nigeria, and Guarantee Trust Bank…
ExxonMobil’s profit doubles in Q1 over high demand
ExxonMobil's profits in the first quarter of 2023 doubled due to the increased demand for oil and gas and cost-cutting measures, resulting in a record $11.4bn profit despite falling oil…
Obasanjo, Soludo arrive Kinshasa for DRC-Nigeria business summit
Former President Olusegun Obasanjo, and Anambra State Governor, Prof. Chukwuma Soludo, have arrived at Kinshasa, Democratic Republic of Congo for the meeting of the DRC/Nigeria Business Council scheduled…
Osinbajo charges NNPC on balanced energy transitioning
The Vice President, Yemi Osinbajo, has charged the Nigerian National Petroleum Company Limited to work on the development of green hydrogen as another energy source. Leadership reported that Osinbajo…
Fuel subsidy: FG to provide supplementary budget, expand committee
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said it may be necessary to submit an additional budget to the National Assembly and expand the committee if…
