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World Cup set to become largest sports gambling

  • 13th June 2026

NGX’s all share index gains 0.6% despite Thursday

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  • 12th June 2026

Senate pushes capital budget timeline to September

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World Cup set to become largest sports gambling event

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NGX’s all share index gains 0.6% despite Thursday dip

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Tag: Economy

Economy

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 currency environment, a high rate of inflation, insecurity, and the tax and regulatory environment are some of the reasons the CFOs provided for the lackluster […]

Nigerians in the UK face job loss over sponsorship eligibility
Business

Uk recorded zero economic growth in February – Report 

The UK economy did not grow in February despite experiencing an economic growth surge of 0.4% in January.   According to BBC, the Office for National Statistics said that growth in the construction industry was counteracted by falls in public sector services due to strikes.   In January, there was an unexpected 0.4% surge in […]

US adds over 500,000 jobs despite global workforce reduction
Business

Weekly jobless claims in US drops below prediction

The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the country. The Labour department said on Thursday that, “Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11.” Meanwhile, Reuters’ survey of economists predicted […]

United States Flag attached to a building
Business

US business inventory declines first time in two years

U.S. business inventories declined  for the first time in close to two years in January, possibly setting the stage for inventory investment to slow first-quarter economic growth. This was disclosed by the Commerce Department on Wednesday. It said the drop was about 0.1% It was the first decrease and the worst reading since April 2021, […]

TETFund urges FG to increase education tax
Economy

Offer duty-free market access, Buhari urges developed nations

In order to ensure the 46 least developed countries’ integration into regional and global value chains, the President, Major General Muhammadu Buhari (retd.), has urged developed and developing countries to offer duty-free and quota-free market access for their goods. The News Agency of Nigeria reported that according to a statement from the president’s spokesperson, Garba […]

United Nation's logo
Business

UN agency projects 50% increase in Africa’s e-commerce

The United Nations Economic Commission for Africa has said that Africa’s  e-commerce is projected to increase by 50 percent by 2025 The Punch reported that the Acting Executive Secretary, UNECA, Mr Antonio Pedro, disclosed this at the opening of the 9th Session of the Africa Regional Forum on Sustainable Development in Niamey, Niger. He added […]

Brazil's economy expanded by 2.9% in 2022 - Report
Economy

Brazil’s economy expanded by 2.9% in 2022 – Report

The largest economy in Latin America, Brazil has been reported to have seen a growth of 2.9% in 2022, according to information made public on Thursday by the Brazilian Institute of Statistics. The Guardian reports that according to revised data, the statistic came after the country’s GDP expanded by 5% in 2021, and includes a 0.2 percent contraction in the […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Economy

Osinbajo confident Gateway Agro Cargo International Airport’ll boost economy

IsinThe Vice President of Nigeria, Professor Yemi Osinbanjo has said that the Gateway Agro Cargo International Airport will enhance economic growth and development nationwide. He said this on Thursday, February 23 during the first flight that took place on the just constructed Gateway Agro Cargo International Airport in Iperu, Ikenne Local Government Area of Ogun […]

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Business

UK’s inflation drops to 10.1% in Jan 2023 – Report  

The UK recorded a fall in Consumer Price Inflation rate dropped beyond expectations from 10.5 in December to 10.1% in January. The closely watched measures of price growth also dropped according to official data. A prediction by the economists polled by Reuters stated that the CPI would drop in January by 10.3% from the 11.1% […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

National Economic Council okays Nigeria Agenda 2050

The National Economic Council, initiated to offer economic advise to the President, has endorsed the Nigeria Agenda 2050, on Thursday, in Abuja. The 2050 agenda is target at increasing real Gross Domestic Product growth by seven percent. It also aims at creating 165 million employment and reducing the number of people living in poverty from […]

Collapsed buildings in Turkey after the earthquake
Business

Turkey earthquake may cost Ankara $84.1bn – Group  

A business group has estimated that the impact of Turkey’s earthquake may cost the state capital, Ankara about $84.1 billion. This was based on the report that was published over the weekend by the Turkish Enterprise and Business Confederation. According to the estimation, $70.8 billion would be for the repairs of affected areas. An amount […]

A picture of the Governor of Imo State presenting
Business

Imo to boost economy with agric export

The Imo State government has taken steps to boost the its economy by using the many opportunities that the agricultural industry presents. This was stated as an expert spoke during a webinar on Saturday organised by the state Commissioner for Commerce and Industry, Simon Ebegbulem. The Chief Economic Adviser to the state government, Professor Kenneth […]

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