Nigeria risks losing maritime race to Indonesia
Nigeria is falling behind Indonesia in the blue economy race, warns Maritime Innovations Hub CEO Ronke Kosoko. Urgent investment and action are needed to close the gap. Read more.
Category : Search result: Nigerian economy sectors
German Factory Orders Rise More Than Expected
German industrial orders surged 1.5% in October, far exceeding forecasts. The rise, driven by defence procurement, signals a potential bottom for Europe's largest economy. Read the full analysis.
FCMB Named Nigeria's Best SME-Focused Bank for 2025
First City Monument Bank (FCMB) wins the 2025 Best SME Focused Bank award from CIBN, holding a dominant 24% of industry SME lending. Discover how they fuel Nigeria's top economic sectors.
Trump Rolls Back Biden's Car Mileage Standards
President Trump overturns Biden's fuel-economy rules, claiming it will lower car prices. Critics warn it will worsen climate change and increase fuel costs for drivers.
Nigeria's 15% maritime GDP triggers PPP push
Nigeria's low 15% maritime GDP contribution sparks urgent PPP drive to unlock N22.12 trillion blue economy potential through fisheries, tourism and port modernization.
Germany approves €98 billion debt for 2026 budget
German parliament approves revised 2026 budget with €98 billion borrowing for economic relief and military spending. Chancellor Merz unveils industrial power price cuts.
German experts cut 2026 GDP forecast to 0.9%
German economic experts criticize the government's €500bn spending plan, warning it will provide only a minor boost to the struggling economy. They have cut the 2026 GDP growth forecast to 0.9%. Read more for the full analysis.
Nigerian Businesses Ignoring Lekki Deep Sea Port - NPA
The Nigerian Ports Authority expresses deep concern as local importers and exporters fail to maximize Africa's deepest seaport, raising questions about economic priorities.
FG Plans Transparent Transport System, May Unbundle NRC
The Federal Government announces sweeping reforms for Nigeria's transport sector, focusing on transparency and potential unbundling of the Nigerian Railway Corporation to boost efficiency and economic growth.
Presco Plc Launches ₦23.7B Rights Issue for Expansion
Leading Nigerian agro-industrial company Presco Plc announces strategic ₦23.7 billion rights issue to finance expansion projects and boost palm oil production capacity across Nigeria.
Lekki Deep Sea Port Severely Underused - NPA
Nigeria Ports Authority exposes shocking underutilization of Lekki Deep Sea Port as local businesses fail to leverage Africa's deepest port facility, missing massive trade opportunities.
IVM Boss: Banking Bottlenecks Hurt Nigerian Manufacturers
IVM's Managing Director Mitchell Elegbe advocates for strengthened local content policy while highlighting banking sector challenges crippling Nigerian manufacturers' competitiveness.
House Scrutinizes Tinubu's N1.15T Loan Request
Nigeria's House of Representatives launches thorough investigation into President Tinubu's massive N1.15 trillion loan request amid growing economic concerns and national debt worries.
Nigeria Stock Crisis: ₦1.3Trn Lost in Day
Nigeria's stock market plunges deeper into turmoil as investors witness massive wealth erosion, raising concerns about market stability and economic recovery prospects.
Professionalism Key to Nigeria's Business Growth - Leaders
Top Nigerian business leaders emphasize that embracing professional standards and ethical practices is the key driver for sustainable economic growth and global competitiveness in today's challenging market environment.
Nigeria's Tax Revolution: Act 2025 Changes Everything
Discover how Nigeria's groundbreaking Tax Administration Act 2025 promises unified tax procedures, enhanced transparency, and simplified compliance for businesses and individuals across the nation.
Nigeria's Costly Governance: The Bleeding Economy
An in-depth analysis reveals how Nigeria's massive governance costs are crippling economic development and draining public resources that should serve the people.
Court dismisses Dangote's ₦100bn suit against NNPC
Federal High Court dismisses Aliko Dangote's massive lawsuit against NNPC Limited and regulatory authorities in major oil industry legal battle over import permit denial.
Nigerian Reps Demand Urgent Action on Capital Projects
Growing pressure mounts on President Bola Tinubu as lawmakers demand immediate implementation of capital projects amid economic challenges facing Nigeria.
National Assembly Scrutinizes Tinubu's ₦1.15T Loan Request
Nigerian lawmakers launch thorough investigation into President Tinubu's controversial ₦1.15 trillion loan proposal amid growing economic concerns and public scrutiny.
US Supreme Court Skeptical of Trump Tariff Legality
American Supreme Court justices express serious doubts about Trump-era tariff legality, raising concerns about global trade implications and potential impacts on Nigerian importers and consumers.
McDonald's Sales Surge 5.4% Despite Economic Pressures
McDonald's defies economic challenges with strategic promotions and affordable offerings, reporting impressive global sales growth of 5.4% in Q2 2024.
African Ports Must Unite for Blue Economy Growth
Nigerian Ports Authority MD Mohammed Dantsoho calls for enhanced cooperation among African ports to harness the continent's massive blue economy opportunities for sustainable growth.
Nestlé MYOWBU: Creating Jobs in Nigeria
Discover how Nestlé Nigeria's MYOWBU program is transforming lives by creating sustainable employment opportunities and enhancing financial inclusion across Nigerian communities.
China Defends Nigeria: 4 Reasons Against Trump's Strike Plan
Beijing launches fierce defense of Africa's largest economy as Trump considers economic strikes against Nigeria. Discover why China is taking Nigeria's side in this escalating diplomatic clash.
Africa: 4th Largest Economy by 2050 Says WTO
Groundbreaking WTO analysis projects Africa's economic rise to global top four within decades, driven by population growth and strategic investments.
German Factory Orders Decline in June 2024
Germany's factory orders unexpectedly fell in June 2024, raising concerns about Europe's largest economy. Latest data shows manufacturing sector struggles continue.
Naira Stages Impressive Comeback Against Dollar
Nigeria's currency shows remarkable strength with improved FX liquidity and growing reserves, signaling positive economic turnaround.
Naira Rebounds Against Dollar Amid Trump Election Concerns
Nigeria's currency makes impressive recovery in parallel market while official rate weakens. Expert analysis reveals how Trump's political comeback threats are impacting forex trading patterns.
Nigeria's Football Passion Creates Business Opportunities
Discover how Nigeria's deep love for football is transforming into economic empowerment as local entrepreneurs turn stadium passion into profitable ventures across various sectors.
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