economic

Arch. Agbazuruwaka: Emerging Economies Architectural Study

Arch. Agbazuruwaka: Emerging Economies Architectural Study

January 15, 2024 1:41 am

In a remarkable presentation at the prestigious New York Learning Hub, renowned architect and strategist Michael Chimobi Agbazuruwaka unveiled his latest research publication, “Architectural Adaptation: Meeting the Needs of Emerging Economies.” This comprehensive study, a culmination of Agbazuruwaka’s extensive experience and keen insights, explores the transformative role of architecture in the burgeoning landscapes of emerging economies.

Agbazuruwaka, a distinguished figure known for his unique fusion of architectural prowess and strategic acumen, has once again brought to the forefront an issue of critical importance. His latest work delves deep into the challenges and opportunities of architectural practices in regions experiencing rapid …

I Will Inject $10bn Economic Stimulus Fund For MSMEs

I Will Inject $10bn Economic Stimulus Fund For MSMEs – Atiku

September 14, 2022 7:41 am

Presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, has asserted that he would resuscitate Nigeria’s ailing economy by launching a $10 billion Economic Stimulus Fund within his first 100 days in office if he wins the 2023 presidential election. Atiku said the fund would prioritise support to micro, small and medium-scale enterprises (MSMEs) that offer the greatest opportunity for inclusive economic growth.

The PDP presidential candidate spoke in Lagos during the ‘Lagos Chamber of Commerce and Industry (LCCI) Presidential Economic Agenda Forum for the PDP.’ He laid out his economic plan to salvage the country’s economic fortunes before members …

Pray For Economic Recovery In 2020 – Kogi Rep Member

January 1, 2020 9:35 am
Member Representing Kogi Lokoja Federal Constituency in the House of Representatives, Barr. Shaba Ibrahim, has extended his heartfelt good wishes to all Nigerians, particularly to people of Kogi Lokoja Federal Constituency in the New Year, calling on them to pray for a full recovery of the economy in 2020.

Barr. Shaba in a New Year message on Wednesday said a strong economy would enable the government to achieve physical development and improved standard of living of the people.

He noted that most of the problems now threatening the unity, progress and peace of the country were rooted in the poor

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North Korea’s Kim warns of ‘grave’ economic challenge

December 30, 2019 4:57 pm

North Korean leader Kim Jong Un has warned top ruling party officials of the “grave situation” facing the nuclear-armed state’s economy and called for urgent corrective measures.

His comments, reported Monday by state media, came on the second day of a key party meeting held ahead of a year-end deadline for Washington to shift its stance on stalled nuclear talks with Pyongyang.

Kim, who chaired the meeting, said the time had come to bring about a “decisive turn” in the North’s economic development.

He presented the assembled officials with “tasks for urgently correcting the grave situation of the major industrial …

Enyimba Economic City To Provide 600,000 Jobs – Ikpeazu

November 27, 2019 8:02 am

Governor Okezie Ikpeazu of Abia State has spoken on the steps his administration is taking to ensure the Enyimba Economic City, located on a 9400-hectare of land fully takes off.  He explains that the city which would be a hub, has the full backing of the Federal Government, the African Development Bank and Afreximbank.  He says investors who set up manufacturing companies in the city will get space and manufacture goods and export for free. They would enjoy tax holidays and also enjoy the possibility of repatriating 100 percent profits.

African Development Bank (ADB) decided to create a platform for …

Importing Fuel Now Makes No Economic Sense – OVH Energy

November 25, 2019 9:22 am

OVH Energy Marketing Limited, Oando Licensee, has said importing fuel under the current arrangement does not make economic sense for any investor.

Its Managing Director, Mr. Hubb Stockman, stated this at an interaction with energy editors on the milestones recorded by the company. He said even if forex was procured at the official exchange rate of N306 from the Central Bank of Nigeria (CBN),  such investor would end up selling at a loss in the market.

He said the development has left the Nigerian National Petroleum Corporation (NNPC) as the sole importer of petrol into the country, adding that …

Nigerian Stock Market Opens October With ₦15 Billion Gain

NSE Commits To Support Economic Growth Of Osun State

November 10, 2019 2:46 am

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has said the exchange was committed to  supporting The State of Osun  in its efforts towards advancing the fortunes of state for the benefit of the citizens.

Onyema stated this while speaking at the  presentation of the Osun State Facts Behind the Economy by  Governor Adegboyega Oyetola at the exchange in Lagos last Thursday.

Read Also: Hope Rises for Akpabio as A’Court Orders Rerun Election

“As we continue to develop  the exchange  to attract local and international investors, we wish to partner with the State and its …

How Border Closure Changed Nigeria’s Economic Indices

How Border Closure Changed Nigeria’s Economic Indices

October 24, 2019 1:16 am
Federal Government’s latest border policy, which altered the flow of commodities- legally and illegally, particularly through the Benin Republic, has in the immediate, changed some economic fundamentals.The government had in August, ordered partial closure of land borders to curtail smuggling of rice and other products into the country, citing non-compliance of neighbouring countries with ECOWAS protocols on the transit of goods.

The move would create an opportunity for local producers of commodities such as rice, vegetable oil, palm oil and other agricultural produce to increase production and meet local demand.

But the nation’s inflation numbers have become the first casualty

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Oil prices fall on weak economic data from Europe , China

Oil prices fall on weak economic data from Europe , China

August 14, 2019 9:38 am

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Brent crude LCOc1 was down $2.08, or 3.4 per cent, at $59.22 a barrel at 1214 GMT, after rising 4.7 per cent on Tuesday, the biggest percentage gain in a day since December.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were down $2.13, or 3.7 per cent, at $54.97 a barrel, having risen four per cent the previous session, the …

Trump to meet with Xi Jinping at the G20 economic summit

Trump to meet with Xi Jinping at the G20 economic summit

May 13, 2019 10:23 am

Larry Kudlow, President Donald Trump’s top economic adviser, said Sunday there is a “strong possibility” Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan next month and said he expects China to retaliate against the US for its increase last week in tariffs on Chinese goods as Beijing has indicated it would.

“We were moving well, constructive talks — and I still think that’s the case … but the problem is, two weeks ago in China, there was backtracking by the Chinese,” Kudlow told Fox News’ Chris Wallace on “Fox News Sunday.”
He said, “I
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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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