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British fintech firm Revolut confirms customer data breach

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Auditor-General flags ₦124.12bn procurement irregularities across federal MDAs

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British fintech firm Revolut confirms customer data breach

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Tag: Economy

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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 […]

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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 […]

Support, don't attack Dangote, Peter Obi tells critics
featured News

Nigeria’s resources’ll be prudently, transparently managed – Obi

  Bisola David Presidential candidate Peter Obi, has said that he and Datti Baba-Ahmed, his running mate, promise to provide the transformational and patriotic leadership that Nigeria desperately needs. He made this statement at the Nigerian Economic Summit Group Dialogue on the Nigerian Economy, which was held in Lagos on Monday under the theme “The Nigeria we need.” […]

Economy

Imo govt to use tourism as economy booster

Bisola David     The Imo State Government has made public its plans to use tourism to grow the state’s economy.   The Punch reported that the state commissioner for tourism, Jerry Egemba, reaffirmed the commitment of the government to the development of tourism in the state and its openness to welcome investors in the […]

How 0.5% import tax will boost Nigerian economy - CPPE
Economy News

How 0.5% import tax will boost Nigerian economy – CPPE

Nigeria’s economy operating costs, production costs, and inflation will increase as a result of the 0.5% tax that is being imposed on all imports from Africa for the 2023 Finance Bill. This information was provided to Nairametrics by Dr. Muda Yusuf, Director of the Centre for the Promotion of Private Enterprise, titled, “Tweaking the 2023 […]

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