nigeria

Despite reporting higher revenues, brewery giants in Nigeria recorded a loss in third-quarter earnings driven by rising input costs, exchange rate fluctuations, and inflation among others. 

Macro headwinds impact profits of brewery giants

Nigeria hopes to push its remittance inflows to as high as one billion dollars through International Money Transfer Operators. Meanwhile, the country’s external reserves stood at 39.4 billion dollars as of October 24.

Will higher remittance inflow drive stability?

The Chief Economist of the Africa Export-Import Bank, Yemi Kale reiterates the importance of the AfCFTA to Africa, growth and development. 

Kale: AfCFTA implementation to drive Africa’s development

Wale Tinubu, the CEO of Oando, says the integration of Oando and Eni’s Subsidiary, Nigerian Agip Oil Company is currently ongoing since the completion of the 783-million-dollar acquisition.  

Tinubu: Oando-NAOC deal currently at integration stage

The President of the African School of Governance, Kingsley Moghalu says governance and leadership crisis is at the root of Africa’s lingering developmental challenges.

ASG: Governance & leadership crisis root of Africa’s development challenges

The Former Vice President of Nigeria, Yemi Osinbajo says the African Continental Free Trade Area and progress around climate positive growth are examples of Africa speaking with one voice. 

Osinbajo: AfCFTA, climate positive growth show Africa speaking with one voice

The International Monetary Fund says effective revenue mobilisation, setting up broad-based and fair tax systems are key to meet spending needs of emerging market and developing economies, which have considerable untapped tax potential. 

IMF: Mobilising revenues, fair tax systems key to meet spending needs

Nigeria’s public debt stock rose 10.3 per cent quarter-on-quarter to 134.3 trillion naira by the end of the second quarter of this year. 

Can Nigeria curb rising debt stock?

The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited under the naira-for-crude sale. 

Naira crude deal: Dangote Refinery receives first supply from NNPCL

The International Monetary Fund projects a 3.6 per cent regional growth for Sub-Saharan Africa this year. 

IMF: Sub-Saharan Africa to grow 3.6% in 2024, 4.2% in 2025

The Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a new tax bill. 

Nigeria mulls 5% excise duty on telecom services

The International Monetary Fund projects Ghana’s economy will grow by 3 per cent this year while projecting an end of year inflation rate of 19.5 per cent for the country. 

NIGERIA