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READ MORE$40m Intervention Fund for Women in the Oil and Gas Sector by FG, NEXIM Women in the Oil and Gas sector have been provided with a $40m intervention fund by the Federal Government in collaboration with the Nigerian Export-Import Bank. Timipre Sylva, the Minister of State for Petroleum Resources, disclosed this news at the Nigerian […]
The Africa Continental Free Trade Agreement (AFCFTA), which is aimed at creating a single continental market for trade in goods and services within Africa, was established in 2018, with 54 countries signing on to the agreement with the exception of Eritrea. The AFCFTA is the largest trade agreement in the world when assessed by the […]
Following the adverse effects of the Covid-19 pandemic on aggregate macroeconomic variables, the global economy is yet threatened by another unpredictable course due to the Russia-Ukraine conflict. Tension has taken a toll even before the invasion of Ukraine by the Russian troops. However, the heightened economic and financial sanctions imposed on Russia and the potential […]
The onset of the COVID-19 pandemic and the resulting drop in commodity prices greatly affected Nigeria’s economy. A series of macro-economic challenges followed, including a significant rise in inflation, a waning balance of payment position due to the drop in foreign exchange inflows from the sale of crude oil and Foreign Portfolio Investment, and a […]
Over time, the relationship between religion and public policy has been an ambiguous yet salient subject of discourse. Whether positively or negatively, religion’s influence on the political landscape cannot be exaggerated, especially in Nigeria, where religion has become increasingly imperative in shaping the choice of various’ political actors, government policies, and subsequent actions. Scholars have […]
A year after the SARS-CoV-2 virus (Corona Virus) plunged the world into a pandemic, global communities are yet to recover from its devastating effects. This virus doesn’t appear to be ceasing at any rate as infections continue to increase globally, barely leaving room for health care systems to recover from its previous effects. Scientists are […]
Central Bank of Nigeria unveiled the pilot program for its digital currency, the E-Naira, an action by the apex bank to drive its efforts to improve financial inclusion, support cross border trade and reduce the influence of unregulated cryptocurrencies in the Nigerian market. The CBN’s action is in tandem with measures being taken by other […]
No one invests without an objective, without a strategy or a goal. No one. And with this in perspective, the world watches in awe as the daring Elon Musk leads his aerospace company. SpaceX into a venture beyond earth, into a business place where eagles dare It’s an outer space venture attracting huge investments Space […]
The AfCFTA was established in 2018 with 54 participating African countries out of the 55 African countries, with Eritrea being the only country that did not sign the Agreement. The AfCFTA is a trade agreement that creates a single continental market for goods and services, free movement of business persons, investments and expands intra African […]
Before the pandemic, Nigeria’s real GDP growth was projected to rise to 2.9% in 2020 and 3.3% in 2021, depending on the implementation plan of the Economic Recovery Growth Plan. The COVID-19 pandemic had a crippling effect on the economy that has led to a rise in inflation from 12.56% in July to 13.71% in […]
