By Eyo Nsima The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report. In U.S. dollar terms, the prices of most commodities […]
Currency Depreciations Risk Intensifying Global Food, Energy Crisis Read More »
“We need to move from billions to trillions, and integrate net-zero commitments with this mission” The African Private Equity and Venture Capital Association’s (AVCA) inaugural Sustainable Investing in Africa Summit opened in London yesterday, convening over 150 key private equity and venture capital stakeholders from around the globe. The event championed the industry’s growth and
AVCA hosts inaugural Sustainable Investing in Africa Summit in London Read More »
The Chief Operating Officer (COO) of MicCom Cables and Wires Limited, Bukola Adubi, earlier in October paid a visit to the Dubai labaoratory of British Approvals Service for Cables (BASEC), a global leader in product testing and certification services for power, energy, data/signal cables and ancillary products whose head office is in the UK.
MicCom COO visits foremost world class cable testing company in Dubai Read More »
FG Directs Network Service Providers to Reverse Unilateral Upward Tariff Adjustment The attention of the Nigerian Communications Commission (NCC) has been drawn to media reports of unilateral implementation of the recently approved 10 per cent upward tariff adjustments for some voice and data services by the service providers, on their networks. The consideration for 10
FG Directs Network Service Providers to Reverse Unilateral Upward Tariff Adjustment Read More »
The accelerating pace of the climate emergency has been underlined by a new report that revealed that over half of companies in emerging economies have been impacted by extreme weather events over the last 12 months. The 2022 Emerging Economies Climate Report published today by British International Investment, the UK’s development finance institution, showed
The African Private Equity and Venture Capital Association (AVCA) announced the release of its flagship reports, the 2022 H1 Annual African Private Capital and Venture Capital Activity reports. The reports present an overview of the venture ecosystem, private capital fundraising, dealmaking, and exits in Africa in the first half of 2022, and set out projections
The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released today. Economic activity will remain deeply depressed through next year, with minimal growth of 0.3% expected in 2023, as energy
In the last 62 years, the Nigerian economy has performed along the line of what policy mix used to drive the economy. Our economy has significantly transformed from a largely independent agrarian economy to a net importer of finished goods. The economy is now financed mainly by oil revenue, which has exposed the economy to
THE NIGERIAN ECONOMY AT 62: THE NEED FOR BIG DECISIONS Read More »
CPPE COMMENTS ON NIGERIAN ECONOMY AT 62 Over the past six decades the Nigerian economy has transformed from a basically agrarian economy to an economy driven largely by services and oil and gas. While the agricultural sector contributed an estimated sixty percent (60%) to the country’s GDP in the sixties, its contribution has reduced to
CENTRE FOR THE PROMOTION OF PRIVATE ENTERPRISE [CPPE] Read More »
The Central Bank of Nigeria, CBN, has commenced moves, targeted at mopping about N6.96 trillion from the banks as it increases Cash Reserve Ratio, CRR – a percentage of cash deposit with CBN – from 22.5 per cent to 32.5 per cent. The Monetary Policy Committee of the CBN, yesterday, announced that banks would be
Central Banks of Nigeria mops about N6.96trn By Eyo Nsima Read More »