Business

The Lagos Chamber is gravely concerned about the recent downgrades of Nigeria’s Sovereign Risk profile by three leading global default risk rating agencies. Fitch downgraded Nigeria’s long-term foreign currency debt Issuer Default Rating (IDR) from ‘B’ to ‘B-, few notches above a junk status, following Moody’s lead in downgrading Nigeria’s risk outlook, and Standard and […]

Again, NCC warns against use of counterfeit, non-type approved phones   The Nigerian Communications Commission (NCC) has cautioned consumers against the patronage and use of devices that have not been typed approved and counterfeit devices, strongly warning that such devices negatively affect the quality of experience while leaving their users vulnerable to losses and other discomforts.

Kwabena Osei-Sarpong (http://bit.ly/3EQE9EM), the founder and CEO of RIFE International (https://RIFEIntl.com/), was appointed by the U.S. Secretary of Commerce Gina Raimondo to join the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) on July 14, 2022, for a two-year term. The PAC-DBIA was founded in 2014 to promote commercial interaction between the United States

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