..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 …
By Esther Ososanya Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has praised Lotus Capital Limited for its pioneering role in developing the country’s non-interest finance sector, stressing that innovative financing and private-sector collaboration are critical to achieving inclusive economic growth. The development was disclosed in an official press statement …
By Esther Ososanya Air India will suspend services between New Delhi and Washington, D.C., from September 1, blaming a shortage of aircraft due to planned upgrades to its ageing Boeing fleet and the ongoing closure of Pakistan’s airspace. The move comes as the airline faces intensified regulatory oversight following a June crash in Ahmedabad that …
By Esther Ososanya The National Sugar Development Council (NSDC) has signed fresh agreements with four major operators to roll out large-scale greenfield projects expected to produce 400,000 metric tonnes of sugar annually. This is one of Nigeria's boldest industrial pushes in decades to protect its economy and cut the massive foreign exchange drain from sugar …
By Esther Ososanya Commercial drivers in the Federal Capital Territory are raising the alarm over worsening inconsistencies in fuel prices across filling stations, warning that the rising costs paired with passenger resistance to fare hikes are crippling their daily income and pushing many closer to financial collapse. For the past five days, the capital city …
By Esther Ososanya The Pension Transitional Arrangement Directorate (PTAD) has disbursed ₦5,119,328,000 in outstanding pension arrears to 90,689 pensioners across its four pension departments. The payment aligns with PTAD’s mandate to clear liabilities and ensure timely settlement of entitlements. A statement issued Monday by Olugbenga Ajayi, Head of PTAD’s Corporate Communications Unit, revealed the payment …
By Esther Ososanya Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips, a U.S. official said on Sunday, in an unusual move likely to unsettle U.S. companies. U.S. President Donald Trump's administration halted sales of H2O chips to China in April, but Nvidia …
By Esther Ososanya Global equities gained on Monday as traders positioned for a pivotal U.S. inflation report. The data could sway the dollar, Treasury yields, and interest rate bets. MSCI’s world share index rose close to its late-July record, driven by strong U.S. earnings and a 0.3% lift in Europe’s STOXX 600. Economic and Geopolitical …
