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The Nigerian President Bola Tinubu has signed into law the new 70,000 naira National Minimum Wage Act. 

Can Nigeria’s minimum wage address living crisis?

Zenith Bank plans to raise about 290 billion naira in fresh capital, higher than the 230 billion naira required to meet the CBN’s recapitalization requirement. 

Zenith Bank to raise ₦290bn through rights issue, public offer

It’s barely two days to Nigeria’s planned first of August protest. The protest is essentially a demonstration against the rising cost of living crisis in the country which aims to also draw attention to governance issues. 

Cost of living crisis in Nigeria: 1st August protest & concerns

The Chairman of Cubana Group, Obi Cubana says it is crucial for governments and big corporations to leverage the power of partnerships to drive investments into advancing technology to support lithium batteries in Nigeria. 

Cubana: Govts, big corporations partnership key to leverage lithium batteries

The CEO of Sterling One Foundation, Peju Ibekwe says deals worth about $200,000 across key verticals were signed in this year’s Africa Social Impact Summit deal room. 

Ibekwe: Deals worth $200,000 signed in 2024 ASIS deal room

The Deputy Governor of Lagos State, Obafemi Hamzat says the sub-national’s plan for the next 5 decades focuses on human capital development. 

Lagos Deputy Governor Hamzat speaks on advancing social impact

Nigerian Singer and Song writer, David Adeleke popularly known as Davido says plans are underway to rollout cars for his ride hailing service to support job creation for Nigerian youths. 

Davido plans to rollout ride-hailing service

Nigeria’s House of Representatives Special Committee on Oil Theft and Losses has begun probes into the illegal lifting of crude oil. 

Nigeria probes $10bn oil theft, summons NNPC, CBN

A report by FSD Africa and Shortlist forecasts about 3.3 million new direct green jobs will be created across Africa by 2030, with the majority in the renewable energy sector, particularly solar. 

Shortlist: 3.3mn new direct green jobs to be created in Africa by 2030

Nigeria’s National Assembly has increased the windfall tax on banks’ foreign exchange gains to 70 per cent from the initial proposal of 50 per cent in the amended Finance Act. 

How Nigeria’s 70% windfall tax may impact banks, economy

Comercio Partners expect Nigeria to access the Eurobond market in the later end of the fourth quarter of this year or Q1 2025 while noting the Eurobond performance will be a delicate balancing act. 

Comercio: Nigeria to access Eurobond market in Q4’24/Q1’25

Trade, Digital transformation, energy transition and the creative economy are the key areas the Global Africa Business Initiative is leveraging to drive sustainable growth in Africa. 

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