By Esther Ososanya The federal government has bowed to pressure from organised labour by addressing two major demands of the Nigerian Labour Congress (NLC), barely days after the union threatened to shut down the economy with a nationwide strike. At the centre of the dispute was the controversial deduction of workers’ contributions from the Nigeria …
By Esther Ososanya Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared the country “open for business” and ready to welcome global and domestic investors, citing a combination of improved macroeconomic indicators, fiscal reforms, and targeted policy measures under President Bola Ahmed Tinubu’s administration. The declaration, made during a press …
By Esther Ososanya As the U.S. and China engage in a growing trade war, Africa is taking advantage of the situation to strengthen its economy and reduce dependency on foreign powers. Experts believe that these tensions could offer Africa a rare opportunity to increase its influence in global trade and investment. China has granted duty-free …
By Esther Ososanya The Nigerian Communications Commission (NCC) has renewed its commitment to fully implement President Bola Ahmed Tinubu’s Executive Order on Critical National Information Infrastructure (CNII). This order classifies telecommunications facilities as key national assets that need strong protection. This development comes after a successful intervention by the Office of the National Security Adviser …
By Esther Ososanya The UK arm of popular jewellery retailer Claire’s is on the brink of collapse, with more than 2,150 jobs now in jeopardy after the company confirmed it is set to enter administration. Claire’s Accessories UK Ltd, which operates 306 stores across the UK and Ireland, has filed a notice of intention to …
By Esther Ososanya Global stock markets soared to unprecedented levels on Wednesday, buoyed by softer-than-expected U.S. inflation figures and mounting investor confidence that the U.S. Federal Reserve will deliver a much-anticipated interest rate cut in September. The MSCI All Country World Index, a benchmark tracking shares across 47 countries, climbed 0.4% to a record 951.74 …
By Esther Ososanya The Federal Reserve is almost certain to cut interest rates in September after fresh inflation data showed prices rising at a moderate pace in July, with Treasury Secretary Scott Bessent hinting a surprise half-point reduction was on the table. Traders in federal funds futures are now pricing a 99.9% probability of a …
..Miami got the jobs, tax revenue, prestige; Nigeria got Instagram pictures By Esther Ososanya The recent high-profile wedding of Nigerian music superstar David Adeleke, popularly known as Davido, and his long-time partner Chioma Rowland, in Miami, United States, has reignited conversations about capital flight, celebrity spending, and Nigeria’s economic priorities. Held on Sunday, August 10, …
By Rafiyat Sadiq President Bola Tinubu has said Nigerians have no reason to be poor, pledging renewed support for Micro, Small, and Medium Enterprises (MSMEs) to drive economic growth. Speaking at the 8th Expanded National MSME Clinic in Calabar on Wednesday, Tinubu, represented by Vice President Kashim Shettima, said the country’s human and natural resources …
By Esther Ososanya U.S. manufacturers are increasingly turning to artificial intelligence to manage supply chains and protect profit margins as global trade tensions escalate. From unpredictable tariffs under President Donald Trump to sudden export bans, companies are betting on AI to stay lean and agile without overstocking warehouses. For The Toro Company, a Minnesota-based lawnmower …
