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Finance

Nigeria Wants the World to Hire Its Talent—Without the Talent Leaving

Nigeria Wants the World to Hire Its Talent—Without the Talent Leaving

Nigeria is taking its workforce global. The Federal Government has launched the “Hire from Nigeria” campaign, a push to connect Nigerian professionals directly with employers… Read Article →

Nigeria’s Textile, Apparel and Footwear Sector Shrinks for Ninth Straight Quarter

Nigeria’s Textile, Apparel and Footwear Sector Shrinks for Ninth Straight Quarter

Nigeria’s textile industry has failed to break out of a prolonged downturn, with real output falling for a ninth consecutive quarter as imported products and… Read Article →

NUPRC Clarifies $300 Helicopter Levy, Says TNC Does Not Apply to Private Offshore Platforms

NUPRC Clarifies $300 Helicopter Levy, Says TNC Does Not Apply to Private Offshore Platforms

The $300 helicopter levy remains in force for upstream petroleum operations—but oil companies and helicopter operators should not confuse it with the Terminal Navigational Charge… Read Article →

African Airlines Record Weakest Air Cargo Growth in July as Demand Rises Just 1.1%

African Airlines Record Weakest Air Cargo Growth in July as Demand Rises Just 1.1%

Africa’s air cargo boom hit a sharp slowdown in July, with airlines recording the weakest demand growth of any region despite adding capacity faster than… Read Article →

Nigeria’s Power Sector Contracts for Second Straight Quarter, Shrinks 10.63% in Q2

Nigeria’s Power Sector Contracts for Second Straight Quarter, Shrinks 10.63% in Q2

Nigeria’s electricity and gas sector is shrinking even as the wider economy grows, highlighting the persistent weakness of one of the country’s most critical infrastructure… Read Article →

Lagos Shortlet Market Gets Tougher as New Properties Flood the Market

Lagos Shortlet Market Gets Tougher as New Properties Flood the Market

Owning a shortlet in Lagos is no longer enough. As more apartments enter the market, operators are being forced to compete harder for guests, control… Read Article →

Moody’s Positive Outlook Is Good News for Nigeria—but SMEs Shouldn’t Expect Cheaper Loans Yet

Moody’s Positive Outlook Is Good News for Nigeria—but SMEs Shouldn’t Expect Cheaper Loans Yet

First, let’s clear up what happened: Moody’s did not upgrade Nigeria last Friday. The rating agency kept Nigeria at B3, but changed its outlook from… Read Article →

NGX Closes August Higher as ASI Gains 1.20%, Investors Look to September

NGX Closes August Higher as ASI Gains 1.20%, Investors Look to September

The Nigerian equities market ended August on a strong note, cushioning a month of profit-taking and portfolio reshuffling. The Nigerian Exchange Limited (NGX) All-Share Index… Read Article →

Seattle Has the Biotech Breakthroughs. The U.S. Still Lacks the Factories to Build Them.

Seattle Has the Biotech Breakthroughs. The U.S. Still Lacks the Factories to Build Them.

America can design the next generation of biotechnology. The harder question is whether it can manufacture it at home. For Seattle biotech company Arzeda, that… Read Article →

Keystone Bank Unveils Education Finance Options as Nigerian Families Prepare for New School Year

Keystone Bank Unveils Education Finance Options as Nigerian Families Prepare for New School Year

Back-to-school expenses can hit household budgets hard. Keystone Bank says it has financing and savings options aimed at helping families manage the cost of education.… Read Article →

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