Osun State Governor, Senator Ademola Adeleke, on Thursday presented a ₦705.79 billion Appropriation Bill for the 2026 fiscal year to the State House of Assembly. The budget, christened “Budget of Economic Transformation,” aims to drive inclusive growth, sustainable development, and shared prosperity across the State. Speaking, Governor Adeleke explained that the budget is anchored on […]
Seventeen out of the European Union’s 27 member countries exceeded the bloc’s self-imposed limits for budget deficits and public debt last year, according to data published on Tuesday by the EU’s statistics office Eurostat. Twelve countries had a deficit of at least 3% of their total economic output, breaking the bloc’s limit on public expenditure. […]
Africa’s premier trade and investment event, the Intra-African Trade Fair (IATF) is transitioning into an independent, permanent African institution headquartered in Harare, Zimbabwe to accelerate Africa’s economic integration. The Intra-African Trade Fair Company (IATFCO) was unveiled during the Intra-African Trade Fair 2025 (IATF2025) in Algiers. The move is aimed at making the fair sustainable, scalable […]
President Bola Ahmed Tinubu has declared that Nigeria’s economy is witnessing its strongest growth in a decade, with GDP rising by 4.23 percent in the second quarter of 2025. He said industrial output doubled year-on-year, while agriculture and services also expanded. Inflation, which stood at 20.12 percent in August, has been on a steady decline […]
The Lagos State Government has assured stakeholders of the Computer Village, Ikeja, that the proposed relocation of the market to the ICT and Business Park, Katangowa, Agbado Oke-Odo, will benefit both government and traders. Speaking at a stakeholders’ engagement held at the Computer Village market square, Otigba Street, Ikeja, the Permanent Secretary, Office of Urban […]
The Naira closed the week bullish on Friday, trading at N1,487.89 to the Dollar at the official market. According to Central Bank of Nigeria (CBN) data, the currency gained N11.08, representing a 0.7 per cent appreciation from Thursday’s N1,498.97. Naira also opened the trading week bullish on Monday, gaining N4.03 against the Dollar at the […]
Ogun State Governor, Prince Dapo Abiodun, has disclosed that the state economy has increased fourfold, jumping from N3.5 trillion to N16 trillion in the last six years. This was just as the state secured an investment pledge in the range of $1.8 billion to $2.5 billion. Prince Abiodun made the disclosure when he met with […]
The Canada–Africa Chamber of Business has concluded an official visit to Hamilton, underscoring the city’s growing role as a hub for trade, investment, and international partnerships. The visit formed part of the three-day Africa Accelerating 2025 program, which brought together business leaders, government officials, and stakeholders from Canada and African markets to explore opportunities across […]
The Canada–Africa Chamber of Business has concluded an official visit to Hamilton, underscoring the city’s growing role as a hub for trade, investment, and international partnerships. The visit formed part of the three-day Africa Accelerating 2025 program, which brought together business leaders, government officials, and stakeholders from Canada and African markets to explore opportunities across […]
KCB Group and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to provide financial and trade facilitation support for investors in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank will extend an initial funding commitment of US$500 million, while KCB Group will contribute US$300 million towards […]
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