Nigeria’s digital economy faces a growing threat from a shortage of skilled manpower, putting an estimated $11 billion in annual industry revenue at risk. Experts warn that the skills gap also threatens Nigeria’s goal to increase the Information and Communication Technology (ICT) sector’s contribution to Gross Domestic Product (GDP) to 21 per cent by 2027. …
The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …
China’s economy expanded by 4.8% in the third quarter, its weakest pace in a year, as sluggish domestic demand left the country leaning heavily on exports to sustain growth. Analysts warn that this growing dependence on foreign markets amid a deepening trade dispute with the United States could threaten China’s economic stability in the medium …
Federal Reserve Chair Jerome Powell on Tuesday delivered his final speech before the Fed’s upcoming policy meeting, navigating a U.S. economy torn between strong growth, rising productivity, and mounting inflation risks. The address comes as policymakers grapple with incomplete economic data amid a U.S. government shutdown that has delayed the September jobs report and other …
Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, says the country’s new $2 billion broadband rollout could boost GDP growth, enable digital inclusion, and position Nigeria as Africa’s next global tech exporter. Nigeria is making an audacious bet that fibre-optic broadband and innovation hubs can unlock the nation’s long-anticipated digital wealth. Speaking at …
Nigeria’s economy gained significant momentum in 2024, with Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, announcing a rise in the country’s Gross Domestic Product (GDP) to ₦372.8 trillion, up from ₦309.5 trillion the previous year. President Tinubu described the progress as a clear indication that Nigeria’s fiscal and structural reforms are finally beginning …
The Presidency has said former President Goodluck Jonathan is free to contest the 2027 general election but warned that Nigerians will not forget what it described as his “dismal record” in office. Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, made the remarks in a statement on Monday in Abuja while …
The U.S. economy expanded at its fastest pace in almost two years during the second quarter of 2025, driven by robust consumer spending, higher business investment, and a sharp narrowing of the trade deficit. Figures released by the Commerce Department’s Bureau of Economic Analysis on Thursday showed gross domestic product (GDP) grew at an annual …
