Business

By Dr. Muda Yusuf The Nigerian quarterly real GDP growth dipped to 2.25% in the third quarter of 2022, from 3.54% in the second quarter. This growth decline reflects the diverse headwinds that have been bedeviling the Nigerian economy. These headwinds include: the macroeconomic instability, heightening inflationary pressures, currency depreciation, foreign exchange illiquidity, surging energy […]

TEHC Unveils Louisville Smart Housing Development at Eko Atlantic   TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC), is set to unveil Louisville, a future-focused housing development located at the Eko Atlantic City in Lagos.    Louisville is a mixed-use development comprising 300 residential homes spread between two towers. Louisville has a world-class sporting centre,

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management is

A major macroeconomic concern to stakeholders in the Nigerian economy is the surging inflation.  Headline inflation accelerated to 21.09% in as against 20.77 in September. However, on a month-on-month assessment, there was a decline of 0.11% in the headline inflation.  It declined from 1.36% in September to 1.24% in October. Food inflation maintained its upward