AI Giants Accumulate Massive Debt in Tech Race
Major tech corporations are accumulating unprecedented debt to finance artificial intelligence development, creating both opportunities and risks for emerging markets like Nigeria.
Category : Search result: Italy economy
22 Ships Dock in Lagos, Fuel and Food Prices Crash
Nigerians rejoice as 22 vessels carrying petrol, frozen fish, and food items arrive Lagos ports, causing significant price drops across major markets. Get the latest on how this maritime boom is affecting commodity costs.
Nigeria's Care Work Crisis: Women's Economic Key
On International Day of Care, Nigeria faces a critical opportunity to transform its economy by recognizing and investing in the unpaid care work predominantly performed by women.
Asian Markets Rally on Apple, Amazon Earnings
Asian markets surge following impressive earnings from tech giants Apple and Amazon. Get insights on market trends, currency movements, and economic indicators shaping regional economies.
Nigeria's Railway Crisis: Vandals Undermine Growth
Discover the shocking truth behind Nigeria's struggling railway system - from rampant vandalism to maintenance failures that threaten the country's economic growth and transportation future.
Dollar Ticket Sales Cripple Nigeria's Travel Economy
Travel agencies sound alarm as foreign airlines' dollar-denominated ticket sales drain local economy and threaten industry survival. Exclusive investigation reveals the devastating impact.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
Zamfara PDP Blasts APC Over Economic Reform Criticism
Zamfara State PDP accuses APC of deliberate misinformation campaign to undermine Governor Dauda Lawal's economic reforms amid growing public support for recovery efforts.
Nigeria processes 90% of cassava yield locally
Nigeria continues to process 90% of its cassava production domestically, creating economic opportunities and reducing import dependency in the agricultural sector.
Poland's Birthrate Crisis May Create Ghost Towns
Poland faces a demographic emergency with birthrates hitting record lows, raising fears of abandoned towns and economic collapse within 20 years without urgent intervention.
Nigeria's Ports Get Single Window Policy by 2026
The Federal Government announces revolutionary Single Window policy for Nigerian ports, promising to slash cargo clearance times and boost economic growth through digital transformation.
Nigeria's National Assets Secretly Sold - Auctioneers Expose Scandal
Shocking allegations emerge as auctioneers expose clandestine sales of Nigeria's national assets. Industry insiders reveal how government properties are being disposed without due process, raising serious corruption concerns.
15% Tariff Hike: Why Nigerians Are Furious
The Federal Government's controversial 15% tariff increase faces massive backlash from economists and citizens who argue it will cripple businesses and deepen poverty across Nigeria.
APC's Emami Warns Against 15% Fuel Import Tariff
Prominent APC leader Henry Emami raises urgent concerns about Nigeria's planned 15% fuel import levy, predicting severe economic consequences including higher transportation costs and increased inflation for ordinary Nigerians.
Peter Obi: Nigeria Shouldn't Be Among Hungry Nations
Former presidential candidate Peter Obi delivers scathing critique of Nigeria's agricultural failures and food insecurity crisis, demanding urgent government action.
Nigeria Bans Raw Material Exports Without Local Processing
Nigeria takes historic step toward economic transformation as lawmakers mandate minimum 30% local value addition before raw material exports, aiming to boost industrialization and create jobs.
SWDC Plans to Transform Southwest Nigeria into Trade Hub
The Southwest Development Commission reveals comprehensive strategy to transform Nigeria's southwest region into Africa's next economic powerhouse through infrastructure, agriculture, and technology investments.
Nigeria's GDP Data Blackout: NBS Shutdown Bites
Nigeria faces economic uncertainty as NBS fails to release crucial GDP figures amid nationwide strike, leaving investors and policymakers in the dark about economic performance.
Sanwo-Olu's ₦2.7bn Relief for Lagos + FG's ₦75k Nationwide
Lagos State Governor Babajide Sanwo-Olu has initiated a massive ₦2.7 billion financial relief program for vulnerable households, while the Federal Government expands its cash transfer scheme nationwide with ₦75,000 payments to millions of Nigerians.
Tinubu imposes 15% tariff on imported fuel
President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.
Italy Court Blocks Sicily Bridge, PM Meloni Outraged
Italy's administrative court halts controversial Messina Strait Bridge project, triggering furious response from Prime Minister Giorgia Meloni who vows to continue fighting for the infrastructure development.
US Economy Goes Dark as Government Shutdown Blocks Data
America's economic pulse becomes impossible to monitor as federal agencies halt data releases during government shutdown, leaving investors and policymakers flying blind.
Nigeria's Economy Improving, Nearing Stability - IWG
Nigeria's economic outlook shows promising signs of improvement as the Inflation Working Group manager confirms the economy is approaching stability with reduced inflation and strengthened Naira.
Abia Launches 173km Fibre Optic Network to Boost Digital Economy
Governor Alex Otti inaugurates WIOC's 173km fibre duct project, marking a major leap in Abia State's digital transformation journey and positioning the region as Nigeria's next tech hub.
Kwara State Aims to Become Nigeria's Next Tech Hub
Governor Abdulrahman Abdulrazaq unveils groundbreaking technology development strategy to position Kwara State as Nigeria's next innovation powerhouse, creating massive opportunities for youth and investors.
Xi-Trump Talks: Nigeria Economy Impact Analysis
Recent phone discussions between Chinese President Xi Jinping and former US President Donald Trump generate hopeful signals for China-Africa trade partnerships, with Nigerian economists watching closely for potential benefits.
Eurozone Growth Beats Expectations in Q1 2024
The Eurozone economy has delivered a powerful performance, exceeding all forecasts with stronger-than-expected growth in the first quarter of 2024, driven by Germany's recovery and resilient consumer spending.
Dangote Industries Hailed as Nigeria's National Treasure
The President of BAVCCA celebrates Dangote Industries as Nigeria's invaluable economic asset, highlighting job creation and industrial growth across multiple sectors.
Tinubu Slashes Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
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